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U.S. Online Pharmacy Market - Industry Outlook & Forecast 2021-2026

  • ID: 5336110
  • Report
  • June 2021
  • Region: United States
  • Arizton
UP TO OFF until May 31st 2022
1h Free Analyst Time
1h Free Analyst Time

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

FEATURED COMPANIES

  • Alto Pharmacy
  • CIGNA (Express Scripts)
  • Giant Eagle
  • Hims & Hers Health
  • KwikMed
  • Northwestpharmacy.com
1h Free Analyst Time

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

In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in U.S. Online Pharmacy Market Report



The U.S. online pharmacy market by revenue is expected to grow at a CAGR of approx. 19% during the period 2020-2026.

Automated prescription filling, automated customer relationship management, direct-to-the-patient sales of medicines are other major factors increasing the adoption of online pharmacies across the US. The market is shifting toward the direct-to-patient model as the ever-expanding digital world opens doors to new services and consumer-friendly online experiences. The ease and familiarity of online purchasing attract several patients to search for virtual care medications and wellness options. This has increased online pharmacies to advertise more and acquire more consumers through digital platforms. The COVID-19 pandemic has further accelerated this shift as most healthcare professionals and patients have adapted to the virtual way to purchase medicines. The trend expects to increase drastically across the US post-COVID-19.

The following factors are likely to contribute to the growth of the U.S. online pharmacy market during the forecast period:
  • Rise in Direct to Patient Drug Sales
  • Improved E-commerce Technology driving demand
  • Increased Adoption of E-prescriptions among US Customers
  • Adoption of Automatic Prescription Refills and Automated Customer Relationship Management

The study considers the U.S. online pharmacy market's present scenario and its market dynamics for the period 2020-2026. 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.

U.S. ONLINE PHARMACY MARKET SEGMENTATION

The U.S. online pharmacy market research report includes a detailed segmentation by drug type, product, modality, pharmacy type. The prescription-based US online pharmacy market is likely to cross USD 132 billion by 2026. A significant factor driving the growth of prescription-based medicines via online mode is cost-efficiency. Consumers prefer to purchase drugs from online stores as they offer medications at a low price than retail outlets. Among US adults prescription-taking medications, 1.5% reported having purchased medicines outside the US due to high costs. Hence, online pharmacies are seen as the best solution for providing prescription medications at discounted prices, thereby observing growth.

In 2020, the medication segment accounted for approx. 76% in the U.S. online pharmacy market share. The increase in the patient population along with the increased geriatric population is increasing the demand for medications. There is an increase in consumers preferring online pharmacy platforms to purchase medicines due to high purchase convenience. Many customers and patients prefer using online pharmacies for refilling long-term medications.

The mobile app-based segment will likely grow at a CAGR of over 19% from 2020 to 2026. Mobile applications play a significant role in the global online pharmacy market. They help online pharmacies to get in touch with consumers directly, thereby increasing the patient base. Mobile applications help online pharmacies to position their pharmacies effectively. Mobile applications providing refill prescription facilities, secure two-way messaging, HIPAA compliant mobile app will increase the customer base for online pharmacies. Vendors prioritize digital advertising and marketing to attract more audience as many patients spend their time online.

The U.S. online pharmacy market by the online branch of brick and mortar expects to reach approx. USD 80 billion by 2026. Most retail companies in the US tend to own an online channel to promote their products and increase the customer base. This trend has been prevalent in the US for a long period. However, during the COVID-19 pandemic, the country further accelerated the adoption of online pharmacy channels.

Drug Type
  • Prescription
  • OTC

Product
  • Medications
  • Health Wellness & Nutrition
  • Personal Care & Essentials
  • Others

Modality
  • Mobile Applications
  • Websites

Pharmacy Type
  • Online Branch of Brick and Mortar
  • Independent Online Only Pharmacies
  • Partnerships with Neighborhood Pharmacies

Geography
  • US

INSIGHTS BY VENDORS

The U.S. online pharmacy market is witnessing a steady flow of start-ups entering the industry. The COVID-19 pandemic has increased the importance of online pharmacies in the country. Many physicians, patients, and healthcare providers have increased the adoption of telehealth, which has increased the number of teleconsultations in the country. Large hospitals have received 500% more online consultations, and e-prescriptions among healthcare providers have also increased. These factors have accelerated the growth of the online pharmacy market in the US. A change in consumer behavior patterns has increased opportunities for market growth. However, strict adherence to regulatory guidelines and the prevalence of counterfeiting and fake websites selling unhealthy products are hindering the market. Kroger, CVS Health, CIGNA (Express Scripts), Walgreens Boots Alliance, and Rite Aid are the key players in the U.S. online pharmacy market.

Prominent Vendors
  • Kroger
  • CVS Health
  • CIGNA (Express Scripts)
  • Walgreens Boots Alliance
  • Rite Aid

Other Prominent Vendors
  • Alto Pharmacy
  • Blink Health
  • BioPlus Specialty Pharmacy
  • Batell Drug
  • Carepoint Pharmacy
  • Foundation Care
  • Fruth Pharmacy
  • Giant Eagle
  • Gogomeds.com
  • Healthwarehouse
  • Hi-School Pharmacy
  • Hims & Hers Health
  • Henry Ford Health System
  • Kinney Drugs
  • KwikMed
  • MedVantx
  • Medicure
  • Medly Pharmacy
  • Northwestpharmacy.com
  • OptumRx
  • PillPack
  • Ro Pharmacy
  • Rx-24-online.com
  • Walmart Stores
  • Woori Pharmacy

KEY QUESTIONS ANSWERED:
1. What are major trends influencing the US Online Pharmacy landscape?
2. How big is the US online pharmacy market?
3. Which product segment accounted for the largest US online pharmacy market in 2020?
4. What are the factors driving the US online pharmacy market?
5. Who are the key players in the US online pharmacy market?
Frequently Asked Questions about the U.S. Online Pharmacy Market

What is the estimated value of the U.S. Online Pharmacy Market?

The U.S. Online Pharmacy Market was estimated to be valued at $51.8 Billion in 2020.

What is the growth rate of the U.S. Online Pharmacy Market?

The growth rate of the U.S. Online Pharmacy Market is 18.8%, with an estimated value of $145.8 Billion by 2026.

What is the forecasted size of the U.S. Online Pharmacy Market?

The U.S. Online Pharmacy Market is estimated to be worth $145.8 Billion by 2026.

Who are the key companies in the U.S. Online Pharmacy Market?

Key companies in the U.S. Online Pharmacy Market include Kroger, CVS Health, CIGNA (Express Scripts), Walgreens Boots Alliance, Rite Aid, Alto Pharmacy, Blink Health, BioPlus Specialty Pharmacy and Carepoint Pharmacy.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Alto Pharmacy
  • CIGNA (Express Scripts)
  • Giant Eagle
  • Hims & Hers Health
  • KwikMed
  • Northwestpharmacy.com

1 Research Methodology2 Research Objectives3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusions
4.1.3 Market Estimation Caveats
4.2 Base Year
4.3 Scope Of The Study
4.3.1 Market Segmentation By Drug Type
4.3.2 Market Segmentation by Product
4.3.3 Market Segmentation by Modality
4.3.4 Market Segmentation by Pharmacy Type
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
7.2 Impact Of COVID-19 On Us Online Pharmacy
7.3 Regulations For Online Pharmacies In US
7.4 E-Pharmacy Comparison In US Versus Global Market
7.5 Online Pharmacy Start-Ups and Their Investments
8 Market Opportunities & Trends
8.1 Rise In Direct-To-Patient Drug Sales
8.2 Increase In Demand For Advanced E-Commerce Technologies
8.3 High Adoption Of E-Prescriptions Among US Customers
9 Market Growth Enablers
9.1 Increasing Teleconsultation And Diagnostic Support
9.2 Growing Penetration Of Internet And Mobile Applications
9.3 High Adoption Of Automated Prescription Refill And CRM Solutions
10 Market Restraints
10.1 Sale Of Unapproved Drugs And FDA Warnings
10.2 Competition From Traditional And Medical Product Retailers
10.3 Strict Regulatory Framework For Online Sale Of Drugs
11 Market Landscape
11.1 Market Overview
11.2 Market Size & Forecast
11.3 Five Forces Analysis
11.3.1 Threat of New Entrants
11.3.2 Bargaining Power of Suppliers
11.3.3 Bargaining Power of Buyers
11.3.4 Threat of Substitutes
11.3.5 Competitive Rivalry
12 Drug Type
12.1 Market Snapshot & Growth Engine
12.2 Market Overview
12.3 Prescription
12.3.1 Market Overview
12.3.2 Market Size & Forecast
12.4 Over The Counter (OTC)
12.4.1 Market Overview
12.4.2 Market Size & Forecast
13 Product
13.1 Market Snapshot & Growth Engine
13.2 Market Overview
13.3 Medication
13.3.1 Market Overview
13.3.2 Market Size & Forecast
13.4 Health, Wellness, & Nutrition
13.4.1 Market Overview
13.4.2 Market Size & Forecast
13.5 Personal Care
13.5.1 Market Overview
13.5.2 Market Size & Forecast
13.6 Others
13.6.1 Market Overview
13.6.2 Market Size & Forecast
14 Modality
14.1 Market Snapshot & Growth Engine
14.2 Market Overview
14.3 Mobile Application
14.3.1 Market Overview
14.3.2 Market Size & Forecast
14.4 Web Based
14.4.1 Market Overview
14.4.2 Market Size & Forecast
15 Pharmacy Type
15.1 Market Snapshot & Growth Engine
15.2 Market Overview
15.3 Online Branch Of Brick & Mortar Pharmacy
15.3.1 Market Overview
15.3.2 Market Size & Forecast
15.4 Independent Online-Only Pharmacies
15.4.1 Market Overview
15.4.2 Market Size & Forecast
15.5 Partnership Site With Neighborhood Pharmacies
15.5.1 Market Overview
15.5.2 Market Size & Forecast
16 Competitive Landscape
16.1 Competition Overview
16.2 Market Share Analysis
16.2.1 CVS Health
16.2.2 Cigna (Express Scripts)
16.2.3 Walgreens Boots Alliances
16.2.4 Rite Aid
16.2.5 The Kroger
17 Key Company Profiles
17.1 The Kroger
17.1.1 Business Overview
17.1.2 Key Strategies
17.1.3 Key Strengths
17.1.4 Key Opportunities
17.2 CVS Health
17.2.1 Business Overview
17.2.2 Key Strategies
17.2.3 Key Strengths
17.2.4 Key Opportunities
17.3 CIGNA (Express Scripts)
17.3.1 Business Overview
17.3.2 Key Strategies
17.3.3 Key Strengths
17.3.4 Key Opportunities
17.4 Walgreens Boots Alliance
17.4.1 Business Overview
17.4.2 Key Strategies
17.4.3 Key Strengths
17.4.4 Key Opportunities
17.5 RITE AID
17.5.1 Business Overview
17.5.2 Key Strategies
17.5.3 Key Strengths
17.5.4 Key Opportunities
18 Other Prominent Vendors
18.1 ALTO Pharmacy
18.1.1 Business Overview
18.2 BLINK Health
18.2.1 Business Overview
18.3 Bioplus Specialty Pharma
18.3.1 Business Overview
18.4 Bartell Drugs
18.4.1 Business Overview
18.5 Carepoint
18.5.1 Business Overview
18.6 Foundation Care
18.6.1 Business Overview
18.7 Fruth Pharmacy
18.7.1 Business Overview
18.8 Giant Eagle
18.8.1 Business Overview
18.9 Gogomeds.Com
18.9.1 Business Overview
18.10 Healthwarehouse
18.10.1 Business Overview
18.11 Hi-School Pharmacy
18.11.1 Business Overview
18.12 Hims & Hers Health
18.12.1 Business Overview
18.13 Henry Ford Health System
18.13.1 Business Overview
18.14 Kinney Drugs
18.14.1 Business Overview
18.15 KWIKMED
18.15.1 Business Overview
18.16 Medvantx
18.16.1 Business Overview
18.17 Medicure
18.17.1 Business Overview
18.18 Medly Pharmacy
18.18.1 Business Overview
18.19 Northwestpharmacy.Com
18.19.1 Business Overview
18.20 Optumrx
18.20.1 Business Overview
18.21 Pillpack
18.21.1 Business Overview
18.22 RO Pharmacy
18.22.1 Business Overview
18.23 RX-24-Online.Com
18.23.1 Business Overview
18.24 Wal-Mart Stores
18.24.1 Business Overview
18.25 Woori Pharmacy
18.25.1 Business Overview
19 Report Summary
19.1 Key Takeaways
19.2 Strategic Recommendations
20 Quantitative Summary
20.1 Market By Drug Type
20.2 Market By Modality Type
20.3 Market By Product
20.4 Market By Pharmacy Type
21 Appendix
21.1 Abbreviations
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Kroger
  • CVS Health
  • CIGNA (Express Scripts)
  • Walgreens Boots Alliance
  • Rite Aid
  • Alto Pharmacy
  • Blink Health
  • BioPlus Specialty Pharmacy
  • Batell Drug
  • Carepoint Pharmacy
  • Foundation Care
  • Fruth Pharmacy
  • Giant Eagle
  • Gogomeds.com
  • Healthwarehouse
  • Hi-School Pharmacy
  • Hims & Hers Health
  • Henry Ford Health System
  • Kinney Drugs
  • KwikMed
  • MedVantx
  • Medicure
  • Medly Pharmacy
  • Northwestpharmacy.com
  • OptumRx
  • PillPack
  • Ro Pharmacy
  • Rx-24-online.com
  • Walmart Stores
  • Woori Pharmacy
Note: Product cover images may vary from those shown

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.



 

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