Netmeds, an online pharmacy is all set to go live next week. The company backed by MAPE aims to target a market share of three to four per cent by the year 2020.

The Indian pharmaceutical market is estimated to reach US$ 55 billion by 2020 (McKinsey report).

Drugs consumed for chronic ailments such as diabetes, blood pressure and hypertension will account for around 50 per cent of it.

According to media reports, Nedmed’s promoter along with MAPE Advisory Group had invested Rs 30 crore in NetMeds Marketplace which owns the online pharmacy.

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