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Mashroo3k Feasibility Studies electronic sector Online pharmacy

An online application for selling medicines and cosmetics

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Mashroo3k Economic Consulting Company offers a comprehensive feasibility study for an e-pharmacy project, an online application for selling medicines, cosmetics, and medical supplies online.

share capital

Rate of return

Recovery period Second year

Why an e-pharmacy?

Why an e-pharmacy?

An e-pharmacy provides the ability to reach a larger number of customers in different locations. It also offers marketing advantages that help increase demand for products offered for sale, such as medicines, cosmetics, medical supplies, and laboratory supplies.

The idea of ​​an e-pharmacy project is based on selling medicines online and delivering them to patients at a convenient time. An e-pharmacy differs from a traditional pharmacy in its ability to communicate with a larger number of customers from different locations, simultaneously.

An e-pharmacy facilitates communication between the pharmacist and the patient, enabling them to provide detailed diagnostic services, describe treatment mechanisms, list available drug alternatives, explain the correct dosages, contraindications, and side effects.

An e-pharmacy offers a variety of options, including ordering a specific medication according to the doctor’s instructions, requesting a medical consultation, and paying in cash or using various credit cards. It also allows the patient to choose the appropriate time and location for delivery.

The e-pharmacy project keeps pace with the massive boom in the healthcare sector following the spread of the COVID-19 pandemic, in addition to recent developments in the e-commerce sector.

Online Pharmacy Services

Online Pharmacy Services

  • Home delivery of medicines, cosmetics, and medical supplies.
  • Remote medical consultation and diagnosis.
  • Electronic newsletter with the latest products.
Why Mashroo3k ?

Why Mashroo3k ?

  • Mashroo3k has over 11 years of experience in preparing feasibility studies, conducting market research, and providing comprehensive consulting services.
  • Mashroo3k has offices in 7 international branches, located in Saudi Arabia, the UAE, Egypt, Qatar, Oman, Yemen, and Iraq, in addition to its agents in China, Singapore, and other countries.
    Having delivered over 7,000 feasibility studies, Mashroo3k has helped thousands of clients achieve their investment goals.
  • Mashroo3k’s services are accredited and trusted by all financial institutions and funding entities across the Middle East.
  • The company’s geographic reach spans 35 countries across all continents.
  • Mashroo3k holds membership in over 100 prestigious international organizations specializing in market research and business management.
  • Its team consists of 350 consultants with deep expertise in promising economic sectors, ensuring tailored solutions and strategies that meet clients’ needs.
  • Mashroo3k is partnered with more than 10,200 suppliers across 22 countries, providing logistical support for projects, including production lines, raw materials, machinery, and equipment.
  • With an extensive database, Mashroo3k enhances the accuracy of its forecasts and analyses, strengthening its risk management capabilities.
  • Project Features
  • Study Contents
  • Sector indicators
  • The project as an investment opportunity
مؤشرات القطاع
  • Compatible with all Android and iOS phones.
  • The control panel is available in both Arabic and English.
  • The application interfaces are designed in a user-friendly and distinctive style.
  • Easily add or block new customers using their phone number.
  • The ability to receive service fees in cash or through electronic payment (MasterCard or Visa).
  • Receive complaints and respond to customer messages.
  • New services are announced by simply sending mass notifications to customers.
  • Access to customer reviews of each service and the employee who performed it.
  • The ability to chat with customers in writing.
  • Guaranteed against vandalism and hacking, as it is equipped with the strongest protection and security measures.
  • Technical support is available around the clock.

Executive Summary

  • About the project
  • Financial indicators
  • Justifications for establishing the project
  • Government investment incentives in the project field
  • Target Markets
  • Project indicators and final results

Study of project services/products

  • Study of project services/products
  • Description of the project and all its products/services

Market Size Study

  • Familiarity with distribution channels
  • Consumer behavior, desires and nature
  • Competitors’ products or services, and what their strengths and weaknesses are.
  • Nature of the market and its characteristics
  • The volume of demand for the product or service provided
  • Available share of target market
  • The best way to market

Risk study

  • Identify risks
  • Impact of risks on the project
  • Risk prevention methods

Technical study

  • Detailed description of project products Expected production capacity Determination of investment costs
  • Determine the volume of electrical energy and water
  • Determine the project’s labor needs
  • Determine project requirements
  • Construction and building cost calculation
  • Total Capital Calculation
  • Determine annual operating costs
  • Determine the amount of working capital

Financial study

  • Total investment costs required for the project
  • Organizing the cash flow and income statements as well as the financial position statement for the first ten years of operation.
  • Determine the expected annual revenues of the project in light of the specified operational capacities.
  • The optimal financing structure for the project in light of the investors’ capabilities and in light of the financing granting conditions
  • Project financial indicators and sensitivity analysis

Organizational and administrative study

  • Project manpower
  • Organizational structure
  • Job Duties
المشروع كفرصة استثمارية

A look at e-commerce statistics in the GCC:

  • In 2015, e-commerce contributed approximately 0.4% of the GCC’s GDP, amounting to $5.3 billion.
  • In 2020, with the developments brought about by the coronavirus pandemic on the global economy, the e-commerce market in the Gulf Cooperation Council (GCC) countries became one of the fastest-growing markets globally, with a growth rate exceeding 35%. The size of this market was estimated at approximately $24 million, compared to expectations of $21.6 billion.
  • Here is a detailed look at the size of the e-commerce market in the GCC countries over the past five years:
  • Global reports expect e-commerce in the GCC countries to grow at a faster pace during (2020-2022) by 20%, and by 14% until 2025. If it weren’t for COVID-19 and its repercussions, the rates would have been 14% and 10%, respectively.
  • The average percentage of households purchasing goods online has increased from 2% to more than 8%. This percentage in developed countries such as the United States, Korea, and Germany ranges between 16% and 25%, but indicators predict that the percentage will rise in GCC countries to reach global levels.
  • Online visits to popular shopping sites increased by 50% in 2020 compared to 2015, with the number of visitors reaching 21 million, up from just 3 million.
  • Recently, the number of shopping platforms and related e-apps has tripled compared to 2015.
  • The time users spend on websites has increased, such as: (Amazon, Namshi, Noon) where the average time a user spends daily in front of them reached (9:12 minutes) and the number of pages he browsed reached (7:8 pages).
  • Food and grocery delivery services are among the fastest-growing segments of e-commerce, with a growth rate of 20% and a market value of $3 billion in the GCC.
  • Fashion and beauty activities represent a significant investment opportunity in this field, with a growth rate of 18%, and a market today exceeding $5 billion in the GCC countries. Here is a detailed look at the expected growth of the e-commerce market in the GCC countries (for the next five years):
  • 60% of millennials shop online.
  • By 2025, the e-commerce market in the GCC is expected to reach $50 billion.
  • Millennials represent more than 45% of the GCC’s population, making the e-commerce market a promising one in the region.
مؤشرات المشروع
  • E-commerce revenue is expected to reach $8.29 billion in 2024.
  • In 2019, the number of internet users engaged in e-commerce (buying or selling) in the Kingdom reached 23.7 million, and this number is expected to rise to 33.6 million, an increase of 42%.
  • Clothing, shoes, and sporting goods are the most popular items purchased online, accounting for 67% of all e-commerce purchases. Cosmetics come in second place at 25.9%, followed by books and magazines at 24%, and IT services at 16%. Other goods account for the remaining share.
  • With the spread of the coronavirus, the number of online stores in the Kingdom increased by 12.4% to 28,676 stores (by the end of the first half of 2020), compared to only 25,501 stores in the fourth quarter of 2019.

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Keywords:

An online application for selling medicines and cosmetics Online pharmacy Online pharmacy services Selling medicines online
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