+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Online Pharmacy Market - Global Outlook & Forecast 2020-2025

  • ID: 5145419
  • Report
  • September 2020
  • Region: Global
  • 292 pages
  • Arizton
UP TO OFF
until Dec 31st 2020
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

1 of 4

Enquire about COVID-19 updates for this product.

Enquire Now

FEATURED COMPANIES

  • 1MG Technologies
  • Cigna (Express Scripts)
  • Index Medical
  • MedExpress
  • NorthWestPharmacy.com
  • Sanicare
  • MORE
In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Global Online Pharmacy Market Report

The global online pharmacy market by revenue is expected to grow at a CAGR of over 20% during the period 2019-2025.

The global online pharmacy market size is likely to cross revenues of over $131 billion by 2025, growing at a CAGR of over 20% during the forecast period. The industry is heading toward unprecedented growth in developing and developed economies. The US, the UK, France, Germany, Italy, Spain, China, India, and Japan are the key growth potential markets across the world.

The increasing internet penetration and the growth in awareness of online OTC benefits are major factors contributing to the growth potential in the US and Germany. The importance of pharmaceutical care is growing with the increase in the need and demand for self-care such as self-medication. Self-care is gradually enhancing due to an increase in health awareness in the population both in developed and developing economies. The increase in demand for self-care is expected to increase the demand for online services, especially for OTC medicines. The role of pharmacies has been changing over the years. they are no longer medicine and medicinal product suppliers but also are involved in the provision of other health care services. The increased collaboration is another significant driver contributing to the growth of the market with online pharmacy companies collaborating with MedTech, health tech, and insurance companies to increase their reach and revenue.

The following factors are likely to contribute to the growth of the online pharmacy market during the forecast period:
  • Rise in Economic Growth, Per Capita Income, & Healthcare Expenditure
  • Increase in Health Awareness & Demand for Self-medication
  • Increased Collaboration among Stakeholders
  • Availability of large Product Offerings, Competitive Price, Heavy Promotion, and Different Business Models
The study considers the present scenario of the online pharmacy market and its market dynamics for the period 2019−2025. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market.

Global Online Pharmacy Market Segmentation

The global online pharmacy market research report includes a detailed segmentation by platform type, medicine type, and geography. The global OTC drugs market is likely to record the highest growth rate in Latin America and APAC in the coming years owing to the rapidly growing population, coupled with the growing middle-class population and increase in disposable incomes, which will increase access to OTC medication. The OTC drugs market in North America is innovation-driven and relies on the advent of innovative drugs for disease complexities and vary in their degree of intensity and efficacy. Product innovations in OTC drugs have built confidence among consumers, which have resulted in the increased demand for OTC drugs. The OTC meds online sales have increased due to relaxations in several regulations. Therefore, the number of brick-and-mortar pharmacies obtaining authorization for online pharmacies has been increasing YOY. In addition, the range of medicines covered by insurance was also reduced. This has resulted in the exemption of medications prescribed for mild symptoms and other OTC medicines from insurance, which were previously covered under insurance. This has driven the online sale of OTC medicines.

The presence of desktop computers and laptops in households has increased over the years. Consumer PC penetration per capita in North America was increasing at a high rate and is still higher than across the world. The penetration of PCs is increasing steadily in Europe as most households in Europe have PC. While the product life cycle for personal computers has reached the maturity stage in most countries in Europe, the retail sale through desktop devices is increasing albeit gradually.

Segmentation by Platform Type
  • Mobile Users
  • Desktop Users
Segmentation by Medicine Type
  • OTC Medicines
  • Prescription Medicines
INSIGHTS BY GEOGRAPHY

The online pharmacy industry in North America is powered by state-of-the-art technology and the latest smartphone applications, the internet of things, and the introduction of cloud-based solutions in the medical sector. The region is expected to continue to lead global pharmaceutical sales during the forecast period and is projected to generate $635 billion in revenue by 2022. North America will also show significant growth owing to the availability of high-value drugs, increased healthcare awareness, high per capita expenditure on healthcare facilities. Automation in the pharmacy market in North America is growing significantly. Due to the high adoption of e-commerce, an increase in online orders, and the growth in the elderly population are some of the key factors driving the online pharmacy market growth in this region during the forecast period.

Segmentation by Geography
  • North America
  • US
  • Canada
  • Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Sweden
  • Switzerland
  • Netherlands
  • Poland
  • Russia
  • Czech Republic
  • APAC
  • China
  • Japan
  • South Korea
  • Australia
  • India
  • Latin America
  • Brazil
  • Mexico
  • Argentina
  • Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
INSIGHTS BY VENDORS

The global online pharmacy market is in the growing stage, and it has achieved popularity and high penetration majorly in developed countries such as the US, the UK, Germany, the Netherlands, France, and Switzerland, among others. The market consists of a few major market players in these regions, such as CVS Health, Llyods Pharmacy, SHOP APOTHEKE, Zur Rose Group, making it fragmented with an intense competition where 3-4 players account for most of the market share. However, there are no significant players in countries such as Spain, Italy, Poland, the UAE, South Africa, and the Czech Republic, where there is an immense opportunity to expand the business.

Prominent Vendors
  • Zur Rose Group
  • SHOP APOTHEKE
  • Kroger
  • Walmart Stores
  • CVS Health
  • Cigna (Express Scripts)
  • Giant Eagle
Other Prominent Vendors
  • UK Meds
  • NorthWestPharmacy.com
  • Japan Health Center
  • AMX Holdings
  • BioPlus Specialty Pharmacy
  • Carepoint Pharmacy
  • Medvantx
  • parafarmacia-online
  • GoGoMeds
  • Newpharma
  • MonCoinSanté
  • MEDS
  • AZETA
  • LloydsPharmacy
  • Oxford Online Pharmacy
  • Chemist 4 U
  • Simple Online Pharmacy
  • myCARE
  • The Canadian Pharmacy
  • Juvalis
  • Apotea
  • Chemist Direct
  • Lékárna WPK
  • Pharmacy2U
  • Index Medical
  • InhousePharmacy
  • Prvalekarna
  • Cocooncenter
  • DeOnlineDrogist
  • MedExpress
  • Farmacia Internacional
  • Foundation Care
  • Lekarnar
  • BestPharmacy
  • Pharm24
  • Pharmacy4u
  • Vamida
  • Sanicare
  • 1MG Technologies
  • Netmeds
  • MedLife
  • Nunokame
  • Walgreens Boots Alliance
KEY QUESTIONS ANSWERED

1. What is the online pharmacy market size and growth rate during the forecast period?
2. What are the factors impacting the growth of the online pharmacy market share?
3. How is the growth of the prescription medicine segment influencing the growth of the global online pharmacy market?
4. Who are the leading vendors in the online pharmacy market and what are their market share?
5. What is the impact of the COVID-19 pandemic on the online pharmacy market shares?
Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • 1MG Technologies
  • Cigna (Express Scripts)
  • Index Medical
  • MedExpress
  • NorthWestPharmacy.com
  • Sanicare
  • MORE
1 Research Methodology

2 Research Objectives

3 Research Process

4 Scope & Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope Of The Study

5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation

6 Market at a Glance

7 Introduction
7.1 Overview

8 Impact of COVID 19
8.1 COVID-19 Impact
8.2 COVID-19 Impact On Global Trade

9 Market Opportunities & Trends
9.1 Rise In Economic Growth, Per Capita Income, & Healthcare Spend Expenditure
9.2 Increase In Health Awareness & Demand For Self-Medication
9.3 Increased Collaboration Among Stakeholders
9.4 Competitive Price, Heavy Promotion & Different Business Models

10 Market Growth Enablers
10.1 Growing Internet Penetration
10.2 Rising Implementation Of E-Prescriptions In Hospitals And Other Healthcare Services
10.3 Improving Online Payment
10.4 Increase In Chronic Diseases And Aging Population

11 Market Restraints
11.1 Amazon Set To Enter Online Pharmacy Market
11.2 Strict Regulatory Frameworks To Curb Illegal Online Pharmacy Practices
11.3 Stiff Competition
11.4 Concentrated Market

12 Market Landscape
12.1 Market Overview
12.2 Market Size & Forecast
12.3 Existing E-Pharmacy Models
12.4 Market By Geography
12.5 Five Forces Analysis

13 Medicine Type
13.1 Market Snapshot & Growth Engine
13.2 Market Overview
13.3 OTC Medicines
13.4 Prescription Medicines

14 Platform Type
14.1 Market Snapshot & Growth Engine
14.2 Market Overview
14.3 Mobile
14.4 Desktop

15 Geography
15.1 Market Snapshot & Growth Engine
15.2 Geographic Overview

16 North America
16.1 Market Size & Forecast
16.2 Medicine Type
16.3 Platform Type
16.4 Key Countries
16.5 US
16.6 Canada

17 Europe
17.1 Market Size & Forecast
17.2 Medicine Type
17.3 Platform Type
17.4 Key Countries
17.5 Germany
17.6 UK
17.7 France
17.8 Italy
17.9 Spain
17.10 Sweden
17.11 Netherlands
17.12 Poland
17.13 Switzerland
17.14 Russia
17.15 CZECH Republic

18 APAC
18.1 Market Size & Forecast
18.2 Medicine Type
18.3 Platform Type
18.4 Key Countries
18.5 China
18.6 India
18.7 Japan
18.8 South Korea
18.9 Australia

19 Latin America
19.1 Market Size & Forecast
19.2 Medicine Type
19.3 Platform Type
19.4 Key Countries
19.5 Brazil
19.6 Mexico
19.7 Argentina

20 Middle East & Africa
20.1 Market Size & Forecast
20.2 Medicine Type
20.3 Platform Type
20.4 Key Countries
20.5 Saudi Arabia
20.6 UAE
20.7 South Africa

21 Competitive Landscape
21.1 Competition Overview

22 Key Company Profiles
22.1 ZUR Rose Group
22.2 Shop Apotheke
22.3 KROGER
22.4 Wal-Mart Stores
22.5 CVS Health
22.6 Cigna (Express Scripts)
22.7 Giant Eagle

23 Other Prominent Vendors
23.1 UK Meds
23.2 Northwestpharmacy.Com
23.3 Japan Health Center
23.4 AMX Holdings
23.5 Bioplus Speciality Pharmacy
23.6 Carepoint
23.7 Medvantx
23.8 Parafarmacia-Online
23.9 GOGOMEDS
23.10 Newpharma
23.11 MONCOINSANTÉ
23.12 MEDS
23.13 AZETA
23.14 LLOYDSPHARMACY
23.15 Oxford Online Pharmacy
23.16 Chemist 4 U
23.17 Simple Online Pharmacy
23.18 Mycare
23.19 The Canadian Pharmacy
23.20 Juvalis
23.21 Apotea
23.22 Chemist Direct
23.23 LÉKÁRNA WPK
23.24 PHARMACY2U
23.25 Index Medical
23.26 INHOUSEPHARMACY
23.27 PRVALEKARNA
23.28 Cocooncenter
23.29 DEONLINEDROGIST
23.30 MEDEXPRESS
23.31 FARMACIA INTERNACIONAL
23.32 Foundation Care
23.33 LEKARNAR
23.34 BESTPHARMACY
23.35 PHARM24
23.36 PHARMACY4U
23.37 VAMIDA
23.38 SANICARE
23.39 1MG TECHNOLOGIES
23.40 Netmeds
23.41 MEDLIFE
23.42 Nunokame
23.43 WALGREENS BOOTS ALLIANCE

24 Report Summary
24.1 Key Takeaways
24.2 Strategic Recommendations

25 Quantitative Summary
25.1 Global
25.2 Medicine Type
25.3 Platform Type
25.4 North America
25.5 Europe
25.6 APAC
25.7 Latin America
25.8 Middle East & Africa

26 Appendix
26.1 Abbreviations
Note: Product cover images may vary from those shown
3 of 4
  • Zur Rose Group
  • SHOP APOTHEKE
  • Kroger
  • Walmart Stores
  • CVS Health
  • Cigna (Express Scripts)
  • Giant Eagle
  • UK Meds
  • NorthWestPharmacy.com
  • Japan Health Center
  • AMX Holdings
  • BioPlus Specialty Pharmacy
  • Carepoint Pharmacy
  • Medvantx
  • parafarmacia-online
  • GoGoMeds
  • Newpharma
  • MonCoinSanté
  • MEDS
  • AZETA
  • LloydsPharmacy
  • Oxford Online Pharmacy
  • Chemist 4 U
  • Simple Online Pharmacy
  • myCARE
  • The Canadian Pharmacy
  • Juvalis
  • Apotea
  • Chemist Direct
  • Lékárna WPK
  • Pharmacy2U
  • Index Medical
  • InhousePharmacy
  • Prvalekarna
  • Cocooncenter
  • DeOnlineDrogist
  • MedExpress
  • Farmacia Internacional
  • Foundation Care
  • Lekarnar
  • BestPharmacy
  • Pharm24
  • Pharmacy4u
  • Vamida
  • Sanicare
  • 1MG Technologies
  • Netmeds
  • MedLife
  • Nunokame
  • Walgreens Boots Alliance
Note: Product cover images may vary from those shown
4 of 4

Our research comprises a mix of primary and secondary research. The secondary research sources that are typically referred to include, but are not limited to, company websites, annual reports, financial reports, company pipeline charts, broker reports, investor presentations and SEC filings, journals and conferences, internal proprietary databases, news articles, press releases, and webcasts specific to the companies operating in any given market.

Primary research involves email interactions with the industry participants across major geographies. The participants who typically take part in such a process include, but are not limited to, CEOs, VPs, business development managers, market intelligence managers, and national sales managers. We primarily rely on internal research work and internal databases that we have populated over the years. We cross-verify our secondary research findings with the primary respondents participating in the study.



 

Loading
LOADING...

Adroll
adroll