Global e-Pharmacy Market Size, Outlook and Growth Opportunities to 2030: by Drug Type, by Ailment Type and by Region

Key Findings on Global e-Pharmacy Market Trends and COVID-19 Updates

• Global e-Pharmacy market projects a stronger growth with a rising CAGR of 16.3% during the period 2022-2030.
• Increasing penetration of e-commerce, raising implementation of e-prescriptions in hospitals and healthcare services, and the ongoing lockdown impact of Covid-19 pandemic situation are the current trends in the e-pharmacy market.
• North America accounts for the largest share of the e-Pharmacy market, owing to the higher number of internet users, USFDA guidelines and the growing adoption of online services.
• Europe is registered to have the fastest growth rate earlier and is also expected to grow at a rapid pace in the coming years because of the adoption of the cloud-based technology and increasing support from the I.T sector.
• The Over-the-counter drugs segment registered a maximum share in the base year and is also projected to show significant growth during the forecast period, due to the high prevalence of chronic conditions, which in turn fuel the demand for various drugs.

E-pharmacy refers to an online platform that allows vendors to sell medicines and send orders to consumers through shipping companies. It offers medical care providers the ability to prescribe and deliver medications for patients, provide value-added information to consumers, such as drug interactions, side effects online. E-Pharmacy is gaining higher importance because of the benefits it offers to the consumers to simply upload the prescription and get the drugs at door delivered and easy availability of medicines at discounted prices without even visiting the pharmacy stores. The growing use of smartphones and the internet along with the rapid development of technology and infrastructure healthcare facilities, rise in the aging population and a large customer base in both developed and developing countries are the factors driving the E-Pharmacy market globally.

Asia-Pacific is the second highest region in leading the demand of the market, and is expected to reach the highest market share in the near future due to the increasing number of patients and growing population. Though earlier people opted for e-pharmacy mainly for cosmetics and over-the-counter drugs, in the current impact of Covid-19 and lockdown, patients are guided to avoid the unnecessary public contact and hospital visit for minor disease conditions. The rising incidences of chronic diseases and increasing awareness over the online pharmacies offer lucrative opportunities for the key players in the E-Pharmacy market. However, stringent government regulations for the sale of prescription drugs, rise in fraud activities, and security and privacy concerns among people are challenging the market to a slight extent. The key players in the market are focusing on developing new apps and expanding their businesses across various regions globally. In March 2021, 1mg, an Indian Online Pharmacy received Legitiscript certificate from the National Association of Boards of Pharmacy, which will further increase its customer base. In January 2021, Meds, a Swedish online pharmacy company planned to expand its business across Europe. In November 2016, Netmeds Marketplace acquired the Hyperlocal drugs delivery app, where it delivered an application named Pluss for an undisclosed amount.

Global E-Pharmacy Market Insights
The 2022 series of Global E-Pharmacy market size, share, outlook, trends and growth prospects provides a comprehensive analysis of the global E-Pharmacy and current health conditions. Major trends shaping the near and long term future of the industry, opportunities, drivers and restraints of E-Pharmacy market, detailed porter’s five forces analysis and competitive insights are included in the research report.

Global E-Pharmacy Market Share by Drug Type:

• The report presents the detailed annual outlook of two kinds of the E-Pharmacy market to 2030 based on the drug type, which include Prescription drugs and Over-The-Counter drugs.

Global E-Pharmacy Market Size by Ailment Type:

• The report provides a detailed analysis on each of the E-Pharmacy Ailment types along with annual forecasts to 2030. Various ailments that are studied in the report include Dental, Dermatological, Cold & Flu, Vitamins, Weight loss and other ailments.

Global E-Pharmacy Market Revenue by Region:

• The current E-Pharmacy market size in terms of revenue across 5 regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa are studied in the report. In addition, historic data from 2021 and annual forecasts to 2030 are also included in the research report. Globally, North America is the largest market for E-Pharmacy.

Global E-Pharmacy Market Analysis by Company:

• Top 10 leading companies in the global E-Pharmacy market are analyzed in the report along with their business overview, operations, geographical locations, financial analysis, SWOT profile and E-Pharmacy products & services.
• Global E-Pharmacy Market News and Recent Developments

- The latest news and industry developments in terms of E-Pharmacy product developments, acquisitions, growth strategies, joint ventures and collaborations, product launches and market expansions are included in the report.

• E-Pharmacy Market - Strategic Analysis Review

Key strategies opted by leading players:

• Short to Long Term Industry Trends
• Porter’s Five Forces Analysis
• Supply side and Demand Side Drivers and Challenges
• E-Pharmacy Market - Growth Opportunities
• Potential New Business Opportunities
• Key Areas of Focus in the forecast period
• E-Pharmacy Market - Competitive Scenario
• Top market players are analyzed in the report including CVS Health Corporation, The Kroger Co., Walgreen Co., Wal-Mart Stores Inc., Express Scripts Holding Company, DocMorris, Optum Rx Inc., Giant Eagle Inc., Netmeds and Rowlands Pharmacy among others.
• Company Profile and SWOT Analysis
• Financial Analysis.

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