DUBLIN† June 30, 2022 /PRNewswire/ — The “Digital Pharmacy Market by Drug (Rx, OTC), Product (Medicine, Personal Care, Vitamins & Supplements, Diabetes, CVD, Oncology), Platform (Apps, Websites), Business Model (Captive, Franchise, Aggregator), Geographic (Urban, Rural) – Global Forecasts to 2027” report has been added to ResearchAndMarkets.com’s offer.
The digital pharmacy market is expected to reach $211.9 billion by 2027 from USD 96.5 billion in 2022, growing at a CAGR of 17.0% over the forecast period.
The over-the-counter (OTC) product segment is expected to grow the fastest over the forecast period
Based on drug type, the digital pharmacy market is segmented into prescription drugs and over-the-counter products. Prescription drugs accounted for the largest share of the global digital pharmacy market by 2021. The large share of this market segment can be attributed to factors such as the increasing prevalence of various chronic conditions and the resulting growing demand for drugs.
On the other hand, the over-the-counter (OTC) product segment is expected to grow at the highest CAGR during the forecast period. Growth in this market segment is largely driven by the widespread availability and cost-effectiveness of over-the-counter products and the growing trend of self-medication.
The Drugs & Treatments segment is expected to account for the majority of the digital pharmacy market by 2021
Based on products, the digital pharmacy market is segmented into medicines & treatments, personal care products, vitamins & supplements and other products. The drugs and treatments segment accounted for the largest share of the global digital pharmacy market in 2021.
However, the vitamins and supplements segment is expected to register the highest CAGR during the forecast period due to the increasing prevalence of chronic diseases and the availability of multiple product options.
The app segment in the platform is expected to make up the bulk of the global digital pharmacy market
Based on platforms, the digital pharmacy market is segmented into apps and websites. By 2021, apps are expected to have the largest share of the global digital pharmacy market. The growth in this segment is attributed to factors such as apps that offer lucrative promos or discounts to attract customers. The website platform is estimated to grow at the second highest CAGR during the forecast period as the convenience, privacy and security of websites are the key factors driving the market growth.
The captive segment of the business model accounted for the largest share of the global digital pharmacy market in 2021
Based on business models, the digital pharmacy market is segmented into captive, franchise, and aggregator business models. The captive business model accounted for the largest share of the global digital pharmacy market in 2021. The captive business model is also estimated to register the highest CAGR during the forecast period. The flexibility, accessibility and affordability of internal business models are key drivers for segmental growth in the digital pharmacy market. The Aggregator’s business model is estimated to grow at the second-highest CAGR over the forecast period.
Urban areas accounted for the largest share of the global digital pharmacy market in 2021
Based on geographic coverage, the digital pharmacy market is segmented into urban and rural areas. Urban areas accounted for the largest share of the global digital pharmacy market in 2021 due to the growing internet penetration in urban areas.
North America to dominate the digital pharmacy market during the forecast period
North America will account for the largest share of the digital pharmacy market by 2022. The increasing prevalence of chronic conditions, the increasing number of prescription drugs due to the rapidly aging population and the presence of important market players in the region are the main factors driving the growth of the digital pharmacy market in North America†
The Asia-Pacific The market is expected to register the highest CAGR during the forecast period, due to the growing burden of disease, the growing patient population and the fast-growing pharmaceutical market.
Main topics covered:
1 Introduction
2 Research methodology
3 Summary
4 Premium Insights
4.1 Overview of the digital pharmacy market
4.2 Digital pharmacy market, per product
4.3 North America: Digital pharmacy market, by drug and country (2021)
4.4 Geographic snapshot of the digital pharmacy market
4.5 Market dynamics
4.5.1 Drivers
4.5.1.1 Increasing consumer preference for buying medicines online during and after the COVID-19 pandemic
4.5.1.2 Market consolidation and partnerships
4.5.1.3 Growing geriatric population
4.5.2 Limitations
4.5.2.1 Growing number of illegal pharmacies
4.5.2.2 Risk of counterfeit medicines
4.5.2.3 Increased risk of drug abuse
4.5.3 Opportunities
4.5.3.1 Emerging markets
4.5.3.2 Advantages of e-commerce
4.5.4 Challenges
4.5.4.1 Challenges for patients who rely on pharmacists for clinical support
4.5.4.2 Lack of strong national laws worldwide
4.5.4.3 Security and Privacy Issues
4.6 Value chain analysis
4.7 Ecosystem analysis
4.8 Porter’s Five Forces Analysis
4.9 Price and Fee Analysis
4.10 Technology Analysis
4.11 Industry trends
4.11.1 Online prescription refill
4.11.2 Virtual Healthcare Services
4.11.3 Digital health diagnostic tools
4.12 Key conferences and events in 2021-2022
4.13 Regulatory analysis
4.14 Case studies
4.14.1 Magento 2 Web App Modernization
4.14.1.1 Use Case 1: Need to Renew Online Store
4.14.2 Walmart React Native Pharmacy
4.14.2.1 Use Case 2: Need to rebuild pharmacy app
4.15 Impact of COVID-19 on the digital pharmacy market
5 Digital Pharmacy Market, by Drug Type
5.1 Introduction
5.2 Prescription drugs
5.2.1 Growing geriatric population and subsequent rise in chronic diseases to drive prescription drug demand
5.3 Self-care products
5.3.1 Ease of use and convenience associated with over-the-counter products to drive market growth
6 Digital pharmacy market, by product
6.1 Introduction
6.2 Medicines and treatments
6.2.1 Diabetes care
6.2.1.1 Growing global diabetes population will drive strong demand for diabetes care drugs and treatments
6.2.2 Heart care
6.2.2.1 Rising incidence of cardiovascular disease drives demand for heart care drugs and treatments
6.2.3 Oncology
6.2.3.1 Increasing cancer prevalence is an important factor driving the growth of this market segment
6.2.3.2 Other medicines and treatments
6.3 Personal care products
6.3.1 Increasing focus on personal health and hygiene to drive market growth
6.4 Vitamins & Supplements
6.4.1 Increasing Demand for Immunity-Related Supplements in the Wake of the COVID-19 Pandemic to Boost Market Growth
6.5 Other products
7 Digital pharmacy market, by platform
7.1 Introduction
7.2 Apps
7.2.1 Benefits such as contactless delivery will drive demand for apps
7.3 Websites
7.3.1 Website promotions, discounts and offers to drive market growth
8 Digital pharmacy market, by business model
8.1 Introduction
8.2 Captivity
8.2.1 Flexibility, accessibility and affordability of captive models – key factors driving market growth
8.3 Franchise
8.3.1 Growing number of pharmacy franchises to drive market growth
8.4 Collector
8.4.1 Quality services linked to aggregator models to drive market growth
9 Digital pharmacy market, by geographic coverage
9.1 Introduction
9.2 Urban areas
9.2.1 Fast internet penetration in Urban areas to drive market growth in this segment
9.3 Rural areas
9.3.1 Government initiatives to fuel demand for digital pharmacies in rural areas
10 Digital pharmacy market, by region
11 Competitive Landscape
11.1 Overview
11.2 Key Player Strategies/Right to Win
11.2.1 Overview of strategies adopted by players in the digital pharmacy market
11.3 Revenue Share Analysis of the Top Market Players
11.4 Market Rank
11.5 Competitive Benchmarking
11.5.1 Overall Company Footprint
11.5.2 Footprint of the company’s drug type
11.5.3 Company product footprint
11.5.4 Business Platform Footprint
11.5.5 Regional footprint of the company
11.6 Mapping Competitive Leadership
11.6.1 Stars
11.6.2 Emerging Leaders
11.6.3 Penetrating Players
11.6.4 Participants
11.7 Competitive Leadership Mapping: Startups/SMEs
11.7.1 Progressive Companies
11.7.2 Starting blocks
11.7.3 Responsive Companies
11.7.4 Dynamic companies
11.8 Competitive situations and trends
11.8.1 Product/Service Upgrades
11.8.2 Offers
11.8.3 Other developments
12 company profiles
12.1 Key players
12.1.1 CFS health
12.1.2 Cigna
12.1.3 Optum, Inc. (part of the UnitedHealth Group)
12.1.4 Walgreen Co.
12.1.5 Walmart Inc.
12.1.6 The Kroger Co.
12.1.7 Giant Eagle, Inc.
12.1.8 Amazon.com, Inc.
12.1.9 Pharmaeasy
12.1.10 Apex Pharmacy
12.1.11 Pharmacy Apollo
12.1.12 Rite Aid Corp
12.1.13 Costco Wholesale Corporation
12.2 Shop-Apotheke.Com
12.2.1 Netmeds.Com
12.2.2 Docmorris
12.2.3 Tata 1Mg
12.2.4 Lloyd’s Pharmacy
12.2.5 Goodrx, Inc.
12.2.6 Healthwarehouse.Com
12.2.7 Telus health
12.2.8 Pharmex Direct Inc.
12.2.9 Hims & Hers Health, Inc.
12.2.10 Ro Pharmacy
12.2.11 Rx Range
12.2.12 The independent pharmacy
12.2.13 Rexall Pharmacy Group Ulc
12.2.14 Northwestpharmacy.Com
13 Appendix
For more information on this report, please visit https://www.researchandmarkets.com/r/u43ju1
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