Online pharmacy app development solutions – Everything you need to know.
The current pandemic situation has completely changed the ways by which we used to access our day-to-day activities. So is the case with the healthcare and the pharmacy sector. Telemedicine, remote consultations, online pharmacy delivery services, etc. all of them has become an integral part of our lives today.
In between all of this, the online pharmacy app development solutions has taken the world by storm. Since, a lot of people are staying at their homes, the online pharmacy delivery services have further skyrocketed. Thus, the pharmacy industry is constantly trying to implement new measures to reach out to their customers.
An online pharmacy app with all the advanced features seems to be an excellent solution. But there are a lot of things that one must know before getting into this industry. In this guide, we have explained everything you need to know about online pharmacy app development solutions. So without any further ado, let us begin!
Why Invest in Developing a Pharmacy App?
Online Pharmacy App Development Solutions – Market Statistics
Let us have a look at market statistics of the pharmacy industry to gain more insights.
According to a report done by Statista, the global online pharmacy (e-pharmacy) market size in 2014 was worth around 29 billion U.S. dollars. By 2023, the market is expected to be worth 128 billion dollars.
These numbers are enough for anyone to anticipate the vastness of this industry. Pharmacy industry is growing at a fast pace in the USA and all over the world.
Especially since the pandemic, people are using their mobile phones today to run their daily chores more than ever before. Thus, a pharmacy app development is now more relevant than ever.
Another key reason for the high demand for healthcare app development is due to the rise of chronic diseases such as diabetes and hypertension. Online pharmacy app development solutions will help them to get their medicines delivered on their doorsteps without any hassle.
All the above given factors and the advent of wearable technology have fueled the demand for a super-advanced and productive pharmacy app.
Is it profitable to invest in a Pharmacy app?
Yes, investing in building a pharmacy app is more profitable today than ever before. The growing popularity for online pharmacy app development solutions has further skyrocketed during the pandemic.
A huge majority of people depend on the pharmacy apps to get their medicines delivered to them. Especially since no one can move out of their houses, the need for robust pharmacy apps is increasing day by day.
Consequently, a lot of offline drug stores have taken their businesses online to fulfill the demands of their customers. This has given a boost to their businesses. Thus to conclude investing in a pharmacy app development is a great idea to kickstart your pharmacy business. Read more about Why do we need an on-demand pharmacy app in this blog.
On-Demand Medicine Delivery App Development – Business Models to Consider
While one is thinking about starting an online pharmacy business, considering a solid business model is one of the most important steps. A good business model can help your business flourish very quickly.
A good business model is often based on various criteria. One has to closely consider all the aspects before implementing any of the business models.
In this segment of our blog, we have enlisted three different types of business models for an online pharmacy business. One can choose from the following models depending on their needs and type of the business.
So let us begin with our first model-
1.Single Store Medicine Delivery App
Medicine delivery app for a single store is an operational model. In this model, the customers place their orders with the online retailers via a pharmacy app. They can do so by submitting their prescription on the app. The online retailers then check for the stock availability of the ordered medicines.
If the online retailer has enough stock of medicines, they send it to the person who ordered it. Finally, the user then makes the payment of the medicines online through the app or even through cash.
This is a pretty straightforward and simple model. However, as the anime suggests , it is only suitable for an individual store. Thus, it is suitable for anyone who wants to take their pharmacy business online. It is an excellent business model for individual store owners who want to expand their business.
2. Aggregator Medicine Delivery App Development
The second business model for online pharmacy business is aggregator business. As the name suggests in this business model, one gets into a partnership with local chemist shops.
This business model does not require the online pharmacy to stock in their own medicines since they have entered into a partnership with local chemist shops.
So when a user places an order, the e-pharmacy app checks for the nearby chemist shop to that user, that is also a partner of the e-pharmacy app. Then the app redirects the order of the product to one of these local chemists.
Now the local shops deliver the medicines manually to the customers. To implement this business model into your firm, both the parties that is the online pharmacy and the chemist shop have to sign the terms and agreements before engaging into a partnership.
This sort of business model is suitable for when you want to target a large number of customers covering many locations at the same time.
3. ‘Direct to the Customer’ Business Model
The third and final model is direct to the customer model. In this business model the e-pharmacy apps try to gain a better and stronger control over the business by reaching out to their consumers directly. They do so by avoiding any middlemen for the delivery of their medicines or any product in general.
However, this business model can be a bit hard to implement when working on a large scale. But it can be an excellent option for small sized businesses since it offers them a chance to connect better with their customers.
Doing so the e-pharmacy app can also save some amount of money by directly dealing with the delivery operations rather than hiring a delivery agency to do the same work. But as mentioned above, it can be a bit daunting to manage all the things single-handedly.
So these were three business models that one can consider while working on online pharmacy app development solutions depending on the needs, type and target audience of your pharmacy business.
What Are the Advantages of an Online Pharmacy App Solution?
In this segment of our blog, let us have a look at the key benefits of an online pharmacy app for customers and for the pharmacists.
Benefits For Consumers
- A pharmacy app saves a lot of time. With a pharmacy app, you do not need to stand in long queues to buy medicines at a drugstore. Furthermore, during a pandemic, it is even more difficult to step out of your house to buy medicines. Thus, in such cases an e-pharmacy app is a must.
- Promotional Offers and Discounts. Using an e-pharmacy app, you can save a lot of money by the additional discounts and coupons. For example, you can get your medicines delivered at your home without even paying for delivery charges.
- Push Notifications Option. Users can get updated all the time by enabling push notifications option on their app. Thus by doing so, they will know when a particular medicine is in stock.
- Remote Consultation with Experts. In addition to getting your medicines delivered without having to step out of your homes, you can even consult with experts. A consultation with an expert regarding your medicine can help you find out about any possible side effects of a particular medicine.
Also Read: Why do we need an on-demand pharmacy app?
Benefits for pharmacists
Now let us talk about the benefits of a pharmacy app for pharmacists.
- Increased customer reach. By using a pharmacy app, the pharmacist can target a huge audience thus increasing the business reach. By doing so, they can have an established customer base. While an offline store is limited to a particular location, by using an online app, anyone can expand their business irrespective of the geographical locations.
- Recognizable Corporate Brand. A robust pharmacy app will help you to improve your company’s brand image. It will help you to create a buzz in the market.
- Accessibility to new schemes and offers. By integrating a pharmacy app in their business, the pharmacist can access to many lucrative schemes and marketing campaigns offered by the app.
- Easy and Efficient Inventory Management. One of the most vital advantages of using a pharmacy app is efficient inventory management. Pharmacists do not need to update their inventory manually, the app keeps a record of all the medicines, their expiry dates, etc.
- Improved Competitive Ability. An app will definitely help in boosting your pharmacy business. Thus, increasing its ability to compete with its peers.
Key Attributes of a On-demand Medicine Delivery App
Any app guide is complete without mentioning the key attributes of the app. So in this part of our blog, we have listed some of the most important features of online pharmacy app development solutions.
A pharmacy app consists of three panels namely- The Customer Panel, The Chemist Panel and finally The Admin Panel. So let us begin with the features of the Customer Panel.
Features of Consumer Panel
Top 15 features of a consumer panel of a pharmacy app are as follows-
- Easy Signup and Registration Process
- Customized Profiles and Easy Management of Profiles
- In-app Prescription Upload Option
- Detailed Medicine Info
- Search and Expansive Filter Options
- Substitute Medicine Search
- Detailed Drug Catalogs
- Easy Order Tracking
- Multiple Payment Options
- Push Notifications
- Refilling Prescription Option
- Discounts and Promotional Offers
- Social Media Integration
- Feedback Option
- Medicine Reminders
These were our top 15 features of a pharmacy app for the customer panel. One must integrate all these features in their pharmacy app to enhance its performance. Furthermore, implementing all these features in your app will also make sure that you are standing way ahead of the competition than your competitors.
Have an interesting read about the top features of a pharmacy app that you just can’t miss HERE in this blog.
Features of Chemist Panel
Let us have a quick look at all the important features of the chemist panel on an online pharmacy app.
- Efficient inventory and drug detail management
- Quick and easy order management
- Digital prescriptions
- Manage Discounts and other promotional offers
- Easy payment tracking
- Access to customers’ feedback and ratings
- Easy list management of similar drugs
All these features make the chemist panel of a pharmacy app hassle-free and efficient. By integrating all these features, the workload of pharmacists will be less by many folds.
Features of Admin Panel
- Efficient Inventory Management
- Access and Generate Workflow Reports
- Manage Chemists and Delivery Agents
- Manage Marketing and promotional tools
- Track ROT Profits
- Customer Management
- Easy Logistics Integration and Management
- Dashboard Analytics
- Content Management
- Easy Payments and Offers Management
So these were our top 10 features of an admin panel in a pharmacy app. All these features enable admin to manage their business pretty efficiently.
Apart from all these key attributes, there are some other more advanced features that you can integrate into online pharmacy app development solutions. These features are as follows-
- Electronic Health Record connected customer Profile
- In-App Document Scanner
- In-app Expert Consultation
- Lab Aggregation in the Pharmacy App
- Integrated Electronic Prior Authorization (EPA)
- In-App Calling
- Integrated Chatbots or Digital Assistants
- Collect from Store Feature
- Integrated Customer Resource Management
- Multi-Currency Payment Option
- Multilingual App
- Role-Based Smart Dashboards
- Loyalty Program
- Medicine Reminders
So these were some additional features for a medicine delivery app. Want to know more about such features? Check out our blog: Must have features for a medicine delivery app to know more.
Top Pharmacy Apps to Take Inspiration From
We have compiled a list of top pharmacy apps from which you can inspiration for your own pharmacy app. So here we go!
- NowRX
- Capsule Pharmacy Delivery App
- CVS
- Pillpack
Monetization Models for Medicine Delivery Applications
Finding the best monetization strategy for your pharmacy app is a must. Since without a solid backing of funds your pharmacy app business can never operate successfully. In this segment of the bog, we have listed all the revenue models that one can opt for their online pharmacy app development solutions.
So without wasting any further, let us begin!
1. Commission-based Revenue Model
2. Featured Listing Revenue Model
3. Sell Advertisement Revenue Model
Challenges Faced during Pharmacy App Development
Since we are talking about Online pharmacy app development solutions, it is necessary to talk about the hurdles and obstacles one might face while working on developing a pharmacy app.
The major challenges faced during a pharmacy app development are as follows-
1. FDA Regulations
While working on developing a pharmacy app, one must abide by the rules and regulations laid down by Food and Drug Administration (FDA). FDA works on modifying the electronic devices into medical service providers by giving them permission to track their users’ diet, exercise routine, medication, etc,
2. Data Security
It is highly important for a healthcare app like an e-pharmacy app to protect its users’ data. The pharmacy app must comply with the Health Insurance Portability and Accountability Act; otherwise legal actions can be taken on these apps.
Thus, if these apps are sharing their patients’ data about their disease or medications, they must comply with the security rules of HIPAA.
Medicine Delivery App Development Team
Developing online pharmacy app developments solutions is not a one man task. You will require a team of experts to develop a robust and scalable pharmacy app. Apart from app developers, there are many other people that you will need in order to successfully launch and market your app.
A good app development team must consist of the following people-
- Project Managers
- Front end Developers
- Back End Developers
- iOS Developers
- Android Developers
- UI/UX Designers
- Quality Analysts
- Marketers
With Idea Usher you can get all these experts in one place. We will help you to develop a fully functional and highly customized pharmacy app at the best price. Furthermore, we offer our services post-launch too.
Additionally, we will help you to form solid PR strategies to advertise your app successfully in the market. With Idea Usher you can completely revolutionize your pharmacy business.
Online Pharmacy App Development Cost
The development cost of only on-demand is often the most talked topic. Similarly, it is also one of the most important things that you have to consider very thoughtfully. Thus, In this next segment of our blog, let us have a look at the cost of developing a fully-featured pharmacy app.
However. The answer to this question is not very straightforward. We have to consider a lot of other factors to find out the actual cost of development. These factors include Geographical location, Target Platform(Android or iOS), Integrated Technologies, App Complexity and App Design.
Henceforth, developing an app in the USA or Europe is relatively higher than developing an app in any other part of the world. Similarly, if your target platform is both Android and Apple, the cost of development would be higher in that case.
This even stands true for technology stack and your app design. To conclude, the more advanced features in the app, the more will be the cost of development. Apart from UI/UX designing and front and back end development, testing tools also costs a fortune.
Furthermore, the cost of developing an app also depends on the fact that if it is a Native app or a Hybrid app.
Considering all the factors, the cost of a pharmacy app development with all the advanced features and similar user interface is around $45000 to $50000. The price can even go up depending on many other factors.
But if budget is your constraint, then you need not to worry. With Idea Usher, you can create an advanced and productive healthcare app, that too within your budget.
Also Read: Cost of an on-demand Pharmacy App Development.
Choose Idea Usher to Build a Robust Pharmacy App
Online pharmacy app development solutions are in great demand due to the advancement in wearable technology in the healthcare sector. They are creating a roar in the market due to their hassle-free and convenient services.
If you are someone who is thinking of developing an advanced and scalable pharmacy or e-pharmacy App, then you happen to be at the right place. Idea Usher is a leading software and app development company that designs web and mobile based solutions for you.
From design to development, we have got you covered! Our team of the best developers will guide you through each and every step of app development be it designing or the marketing of your app. We will cater to all your needs and requirements to produce the best customized solutions.
Furthermore, we use cutting-edge technologies such as Artificial Intelligence, Blockchain Development, Machine Learning, and complement them with human-centric UI/UX design to offer solutions that are futuristic and result-driven.
Our services are not just limited to just designing and developing your app. We offer our services post your app’s launch too- like support and maintenance. Furthermore, we will help you to form effective PR strategies to boost up your app’s performance in the market. And also, getting more app downloads.
What are you waiting for then? Contact us today to get your dream pharmacy app project started! Also, do not forget to check out our portfolio and the comprehensive list of services we offer to our clients across the globe.
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Wrapping Up
We hope you like our blog – Online pharmacy app development solutions. Pharmacy industry is a booming industry that is continuously flourishing around the globe. More and more people are investing their money in it to earn huge profits.
Thus, investing in developing a medicine delivery app for your offline business right now is an excellent idea to keep up with the latest trends. Even for a startup, it is an excellent idea to work on.
In this Idea Usher’s guide, we have covered everything about a pharmacy app, its features, market trends, its benefits, and cost of development. Furthermore, we have also covered the main business and revenue models for a pharmacy app in this guide.
We hope all your questions about online pharmacy app development solutions have now been answered through this guide. To read more such blogs on pharmacy app development click HERE