E-pharmacy Market, or online pharmacy, refers to the sale of prescription and non-prescription drugs through digital channels such as websites or mobile apps. E-pharmacies operate similarly to traditional pharmacies, but they offer the convenience of ordering and receiving medication from the comfort of one’s own home.
The Global Epharmacy Market size was worth around USD 57.45 billion in 2021 and is predicted to grow around USD 226.75 billion by 2030 with a compound annual growth rate of roughly 18.7% between 2022 and 2030.
E-pharmacies have become increasingly popular in recent years due to advancements in technology and changing consumer preferences. Customers can use e-pharmacies to order their prescription drugs, non-prescription medications, and health-related products online, and have them delivered to their homes.
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Key Players in the Global Market to Focus on Expanding their Customer Base-
The e-pharmacy market has been growing rapidly in recent years, and there are several key players in the global market that are focused on expanding their customer base. The below key players in the e-pharmacy market are focused on expanding their customer base by offering a range of products and services, competitive pricing, and innovative technology solutions to meet the evolving needs of customers around the world.
Key Players Covered in this Report is:
- Tata 1mg
- Practo
- PharmEasy
- iHerb, LLC
- com Inc.
- Cigna Corporation
- CVS Health
- Zur Rose Group AG
- iHerb, LLC,
- Apollo Pharmacy
- Giant Eagle, Inc.
- Netmeds Marketplace Ltd.
- Apex Healthcare Berhad, Optum Rx, Inc.,
- L Rowland & Co (Retail) Limited
- The Kroger Co.
- Walgreen Co.
- Walmart, Inc.
- Amongst
SEGMENTATION
By Product Type
- Skin Care
- Dental
- Cold and Flu
- Vitamins
- Weight Loss
- Others
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By Drug Type
- Prescription drug
- OTC medicine
Rising Incidences of EPharmacy Growth of the EPharmacy Application Segment
Based on drug type, the global market is segmented into prescription drug and OTC medicine. The OTC medicine segment dominates the market share owing to the rising demand for over-the-counter medical products, such as medications.
E-pharmacy, or online pharmacy, refers to the sale of prescription and non-prescription drugs through digital channels. The growth of the e-pharmacy industry has been driven by several factors, including convenience, affordability, and the increasing availability of internet and smartphones. As a result, there has been a rise in the incidences of e-pharmacy growth and the application segment.
By Region
- North America
- Europe
- Benelux Reunion
- Asia Pacific
- The Middle East & Africa
- Latin America
North America Leads Owing to Governmental Support Technological Advancements-
North America dominates the global epharmacy market due to the increasing number of internet users and increased acceptance of online services, both of which are expected to contribute to the market’s growth over the forecast period. These government initiatives are expected to increase the use of online pharmacy services for the convenient purchase of pharmaceuticals in the United States. As a result, the E-pharmacy market in this area is expanding.
Key Developments –
- September 2022-Apex Healthcare has proposed a partnership with Shanghai Pharmaceuticals Holdings in order to promote its branded healthcare devices, pharmaceuticals, and medical equipment in ASEAN countries and internationally.
- June 2022-iHerb announced an upgraded and extended iHerb Rewards Program to create substantial enhancements to its ground-breaking Rewards Program as a gesture of gratitude to its global clients.
- March 2022-Zur Rose has launched e-prescriptions across Germany. The successful launch of the DocMorris healthcare app in 2021 established a centralized, easily available range of healthcare services and built the technical groundwork for the capture and transmission of e-prescription data.
Why Purchase the Report?
- The report includes information such as market dynamics scenario, opportunities and challenges during the forecast period
- Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period
- Regional, sub-regional, and country-level data include the demand and supply forces along with their influence on the market.
- The competitive landscape comprises a share of key players, offering products, relevant financial information, recent developments, SWOT analysis, and strategies.
- Understand the current market scenario and viability of the global market over the forecast period.
Some of the key questions answered in this report:
- What can we estimate about the anticipated growth rates and also the global Epharmacy Market industry size by 2030?
- What will happen in the coming existing and emerging markets?
- What will the market development pace of market?
- Which are the five top players in the Epharmacy Market?
- How will the Epharmacy market change in the upcoming years?
- What are the key factors driving the Global market?
- Which product and application will take a share of the Epharmacy Market?
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TABLE OF CONTENTS-
Chapter 1.Executive Summary
Chapter 2.Research Methodology
Chapter 3.Market Outlook
Chapter 4.COVID-19 Impact On ePharmacy Market
Chapter 5.Global ePharmacy Market Overview, By Product Type, 2017 – 2030 (USD Million)
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