With the advancement of healthcare app development services every single day, the lives of people are getting smoother and more comfortable. This has given access to people to order healthcare products online while sitting at their homes without any difficulty. Online pharmacy app development like PharmEasy has also made the lives of people more convenient by delivering essential medicines at their doorstep.
Not only customers, but the technological revolution has also impacted pharmaceutical companies to a great extent in the manner that now these companies can perform multiple tasks in terms of healthcare. Technology has enabled pharmacies to monitor patients’ medical reports online, offer tools to ensure the safety and effectiveness of used drugs, and prescribe and automate electronic medicines handling in supply chains.
Online medicine delivery app like PharmEasy also provide features like bulk discounts and offers to enhance users’ experience to the next level. According to the reports published by ‘Tracxn’, more than 60 online pharmacies are performing operations in India by delivering medicines via mobile and web applications. No wonder the pharmaceutical industry with an online presence will expand even more in the upcoming future.
Today, due to the emergence of so many online pharmacy applications, the drug market is completely transformed and pumped up. These apps have formed a bridge to fill the gap between the pharmaceutical firms and customers by meeting their daily needs of customers.
It is a win-win situation for both companies and customers in a way that on the one hand companies are making huge profits and on the other hand, customers are participating in e-commerce sites and applications in large numbers. Some of the popular examples of pharmacy apps are PharmEasy, 1 mg, and, Netmeds, etc.
According to the research reports published by ‘Zion Market’, the online pharmacy market is anticipated to expand from 42.32 billion dollars in 2018 to 107.53 billion dollars by 2025. Further, as per reports by ‘Xian’, the eCommerce Healthcare Apps are anticipated to make 111.1 billion dollars by the end of 2025.
If you want to know the list of features (both basic and advanced) that should be integrated into the on-demand medicine delivery app, the whole process to create the pharma app, the technology stack, and the cost to develop such an app, then you have come to the right destination. In this article, we will be discussing all these points. So stay tuned and read the full article to get the maximum benefit.
Let’s deep dive into the topic by first discussing the revenue model of online pharmacy apps:
Now, let us see how these pharma companies make money through applications. There are different revenue models that these companies adapt which are explained below:
In-app advertising is one of the most prominent ways to generate revenue from your online medicine supplying app like PharmEasy. This is because of the fact that no business can survive without advertising. Under this model, you can let these companies advertise their products in your application and charge them as per the click-through rate.
This is one of the most popular models followed by most of the online medicine delivery apps. On-demand pharmacy apps provide a channel for pharmaceutical companies to sell their medicine and drugs. Therefore, you can charge money from those companies to sell their products online with the help of your application. You can charge on a daily, weekly, or monthly basis depending upon the terms of the agreement. The percentage of the commission has to be fixed before the commencement of the business via an agreement.
A yet another popular revenue stream adapted by many on-demand medicine delivery apps. Under this model, the customers can see the sponsored products displayed in the feature listings offered by pharmaceutical companies. These lists are the results of stores sponsored by pharma companies or drug stores.
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The thought of making an entry into the market with a medicine delivery app is backed by a lot of significant reasons. To help you a bit, we have curated a list of benefits of such app that you must consider:
Every year, a lot of unused drugs are disposed of. Dumping these drugs is a form of medical waste and this is a serious issue as it results in a huge economic loss as a lot of resources were invested in those drugs that got waste. With the help of on-demand apps, these drugs and medicines can be delivered to the customers directly which will reduce the overall wastage.
The best thing about online pharmacy apps is that provide fewer errors with prescriptions and better accuracy. As the pharmacist can check the medicine online, it would be convenient for him to read the doses and the medicines. You can build a lot of trust among your customers provided your app has a medicine management service along with home delivery of the medicines.
The on-demand medicine delivery apps not only help you with delivering the medicines but also in scheduling your medicine timings. You can set up a reminder and the app will do the rest. Mostly these apps deliver packages that have all the medicines packed with the times and amount of doses. The consumer can be highly benefited in the way that he takes his medicine at the right time.
The technology has completely revolutionized the whole market including the pharmaceutical and medical industry. With the use of technology like robotic dispensing tools, the chances of errors are less. Such apps even offer great help to pharmacists by sharing the information clearly. Also, customers find them quite reliable.
With all these mind-blowing benefits and advantages, Pharmacy App Development Company has witnessed huge demand in the market. Some believe that these apps do not hold potential technological opportunities. But this is just a misconception as the benefits are uncountable and there are a lot of opportunities that are yet to be explored. There are various levels at which technology can be used in the healthcare industry.
This on-demand medicine delivery application is committed to delivering Healthcare Products, OTC Products, and Medicines of all age groups. It is one of the most popular medicine delivery apps in India. The delivery time taken by PharmEasy is 24 hours. The application is available for download for both mobile operating platforms – iOS and Android.
The company is in existence since 1914 as a pharmacist. It is one of the oldest medicine-selling companies and currently one of the largest on-demand medicine delivery chains across India. Usually, the delivery time taken is between 2 to 3 days. It is available for download on both the major operating systems – Android and iOS.
1 Mg is not just an on-demand medicine delivery app, rather it focuses more on providing medical information and doctor consultancy services. The user can get valuable information concerning the medicines ordered including the side effects, dosage, usage, etc. The app is famous in few cities in India. You might be interested to know how to develop an app like 1MG?
Medplus is a famous brand for selling online medicines and drugs. The company has more than 1500 medicine stores in India across seven states. The app also provides bulk discounts on medicine purchases. The application is free to download on Android and iOS platforms.
Practo is an application that is known for not only delivering medicines but also serves the purpose of booking an appointment with a doctor. The app is quite famous among the Indian audience as it is one of the most downloaded healthcare apps in India. It is available for download for both Android and iOS mobile operating platforms. Here is the complete guide on doctor appointment app development.
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If you want to craft a top-notch medicine-selling mobile app in India, you are required to hire talented professionals who are well versed in developing such a category of apps. The team may include managers, mobile app developers, designers, and testers. Let’s try to understand:
Here are 5 essential steps that you must follow to launch your app and make millions:
As per reports, the global e-pharmacy market is anticipated to reach 107.53 billion dollars by 2025. This is a huge boom in terms of numbers. Even after knowing the bright prospects associated with this sector, you must conduct your own research and planning to access the market’s specific needs. You can adopt methods related to economics and sociology like SWOT analysis, PEST analysis, the five forces and focus groups. Further, to make a mark in the industry, studying your competitors is as important as launching your app in the market. These two things go hand in hand.
Conducting comprehensive market research is just the first step. The next step you need to do is to conduct business idea testing. It involves creating a prototype and testing the same with a dedicated group in order to get feedback. Once you get the positive feedback, you can proceed with the process further or else you can strategize how you can improve your systems to be able to gather customer attention and retention.
The task to choose an online pharmacy app development company is quite challenging. However, with care and diligence, you can achieve this task. Choose a partner that has a significant amount of experience in the medical solutions development domain. The NineHertz has done a lot of work in this dedicated domain, so you can choose us also for your project. We can offer customized services at affordable prices.
This mobile and web development stage is considered purely technical as under this stage your mobile and web solutions will be created. This stage contains a lot of specifications, however, the main focus is to make you aware that you need to follow lean methodology for building software which allows you to invest only in those features that are focused on your targeted audience.
After all the steps are done and your app is ready, there comes the time when you finally launch the application. The app is launched majorly on two platforms – Android and iOS. However, the work is not yet over with the launching of the app. The customers usually get support and maintenance services from Pharmacy App Development Companies like The NineHertz. Hence, some part of the budget should be kept aside for this critical part.
The cost to develop an on-demand online delivery app as PharmEasy depends on the following key factors:
The app platform plays a vital role when it comes to pharma app development while creating a mobile application. If you are planning to create a medicine supplying app it is very much advisable that you go for both the platforms – Android and iOS. In case, you have a limited budget, you can go with a single platform. Generally, the cost to develop an Android app is higher compared to the iOS app due to multiple testing devices.
The type of mobile application is yet another essential factor impacting the overall development cost of medicine online delivery app. Generally, there are three types of mobile applications – Native Apps, Hybrid Apps, and Web Apps. You can go for Hybrid App Development in case you want your users to use your application on both Android and iOS platforms.
The medicine delivery app development cost is dependent on a number of features (both simple and advanced) that are integrated into the mobile application. In case, you are running your project on a low budget, you can prefer including features that are simple and non-complex. On the contrary, integrating advanced features and functionalities will lead to an increase in your overall budget to a great extent.
App development cost may fluctuate depending upon the team size of pharma app developers and pharma app development company geographical location. The development cost in India is far less as compared to the cost in foreign countries. That’s the reason foreign app development companies charge more compared to Indian App Developers.
You can hire pharmacy app developers from India as Indian developers are cheaper compared to the developers in the USA and Europe. The task to calculate the cost of the medicine delivery app is quite difficult as the process depends on numerous factors like the number of hours invested, number of features, development platforms, and the region selected for app development.
However, depending upon the physical location of your healthcare app development company, your cost may vary. Say, for example, firms that are US-based take around $40-$250 per hour. For Western Europe and Eastern Europe regions the charge may vary from $50 – $170 and $20 – $150 per hour respectively. Some of the south Asian countries are reasonable when it comes to mobile app development.
Here, the cost to develop a basic app with minimum features for a single platform is around $10,000. However, in case you are interested in developing a fully responsive, and cross-platform application with advanced features and functionalities, the price may shoot up to $20,000 – $35,000.
The NineHertz is among the top IT companies in the sector of healthcare app development services. Several medical companies, doctors, and physicians have been benefitted from our services. We have helped them in managing their customer and medicine inventory. We have a robust team of efficient and skilled mobile app developers who are well versed in crafting quality-driven mobile application solutions for your business. If you are all set to build a medicine delivery app then you can hire the best online medicine delivery app development company. We will be more than happy to help you.
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It is no less than a boon that these online medicine ordering apps are becoming a part of our lives. The business is flourishing with huge revenues even after providing discounts and cashback to the customers. Patients also love this feature where they no longer need to go to the medical stores and stand in long queues and order their stuff online without any hassle. This feature is helpful especially to those who are aged or physically challenged. If you are running a pharmacy business then having an app can take you way ahead of your competitors. You can contact The NineHertz and we will make sure that you get the most astonishing medicine delivery app that will make you millions of dollars. Drop us an email or call us to know more about the process and the estimated cost.
My name is Hemendra Singh. I am a Director and Co-founder of The NineHertz, IT Consulting Company. I am having a keen interest in the latest trends and technologies that are emerging in different domains. Being an entrepreneur in the field of the IT sector, it becomes my responsibility to aid my audience with the knowledge of the latest trends in the market.
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