According to the latest IMARC Group report titled “E-pharmacy Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, provides a comprehensive analysis of the industry, which includes insights on E-pharmacy market. The report also includes competitive and regional analysis and contemporary developments in the global market. the global The e-pharmacy market is expected to exhibit a CAGR of 11.2% in 2022-2027.
E-pharmacy is an online digital pharmacy platform that works over the internet and delivers medicines through postal or shipping companies. It is involved in the sale of medicines to consumers. It is designed to provide online pharmacy services, including drug delivery. It makes it possible to refill and dispense prescription medicines without a prescription, as well as special medicines to the patients. In addition, the rising geriatric population, coupled with the growing prevalence of chronic conditions, are driving market growth.
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If the new coronavirus (COVID-19) crisis takes over the world, we continuously monitor the changes in the markets as well as the purchasing behavior of consumers worldwide and our estimates on the latest market trends and predictions are made after considering the impact of this pandemic.
The global market is largely driven by increasing access to web-based and online services. In line with this, the rising number of internet users is contributing significantly to the market growth around the world. In addition, the increasing implementations of e-prescriptions in hospitals and other healthcare services are positively impacting the market growth. Aside from that, shifting customer inclination towards online pharmacy creates positive outlook for the market. Moreover, the increasing awareness regarding the services offered by e-pharma is catalyzing the market growth. The market is further driven by the continuous improvements in mobile e-pharmacy applications and the widespread awareness of the benefits these services provide. In addition, ease of purchase, quality services, availability of a range of drugs, and easy accessibility are some of the other growth-inducing factors. Moreover, the rising geriatric population coupled with the increasing prevalence of chronic conditions are driving the market growth. Other factors, including the rising disposable income levels of the masses, the rapid expansion of the digital health industry, lucrative offers and discounts, and the easy availability of prescription drugs online are also driving market growth.
Competitive landscape with key players:
The report has also analyzed the competitive landscape of the market, featuring some of the key players.
- CVS Health Corporation
- Doc Morris
- Express Scripts Holding Company
- Giant Eagle Inc.
- Lloyds Pharmacy Ltd
- Optumrx, Inc.
- Rowland Pharmacy
- The Kroger Co
- Walgreen Co
- Walmart Inc
Segmented market for e-pharmacies:
Our report has categorized the market by region, drug type, product type, platform, and payment method.
Breakdown by drug type:
- Over-the-counter (OTC) medications
- Prescribed medicines
Breakdown by product type:
- Cold and flu
- weight loss
Breakdown by platform:
Split by payment method:
- cash on delivery
- Online payment
Breakdown by region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, others)
- Latin America (Brazil, Mexico, others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market drivers and success factors
- SWOT analysis
- Value chain
- Comprehensive map of the competitive landscape
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