Overview

E-pharmacy market was valued over USD 38 billion by 2019 with a CAGR of 16% and it is estimated to skyrocket owing to the recent COVID-19 pandemic.

 E-Pharmacy Market Introduction:

Rising penetration of internet worldwide, improvements in the healthcare infrastructure, growing awareness related to e-commerce amongst users, rising geriatric population are some of the key factors leading to the growth of the market. Furthermore, a rising transformation of consumer behaviour is another important factor responsible for the e-pharmacy market growth. Rising number of unmet needs and a sudden upsurge in online purchasing has aided the escalation of the market growth. As per Safe Medicines India, 2016, over 50 new start-ups have emerged in the country since 2014 that provide e-pharmacy services and it garnered a funding of over USD 90 million in 2015. Such emergence of start-ups has provided lucrative opportunities for the market growth.

With the rising COVID-19 outbreak, the demand for e-pharmacies has increased, especially in regions with strict lockdown scenarios where the number of COVID-19 patients are rising at a remarkable rate. People living in these regions and who suffer from diseases other than the COVID-19 require pharmaceutical supplies and with the lockdown, the patients are unable to get out of their homes to purchase medicines which is why e-pharmacy proves to be an effective alternative for fulfilling this demand. Furthermore, many e-pharmacy companies in India have started hiring new employee on an urgent basis to provide the necessary services. 1mg, which is a Gurugram based company, is looking to hire over 500 employees immediately while Bangalore-based Medlife has planned to fill up over 400 open positions, mainly for warehouse management and last-mile deliveries.  

The North America region is expected to dominate the global market, and this is mainly owing to the rising geriatric population, increased disposable income, rise in online purchasing and high adoption rate of e-commerce. Furthermore, a strong presence of key market players shall reinforce the market growth in the region.

Key market players included are The Kroger Co., DocMorris (Zur Rose Group AG), Walgreen Co., Wal-Mart Stores Inc., Express Scripts Holding Company, Giant Eagle Inc., VS Health, Rowlands Pharmacy, OptumRx, Inc.

E-Pharmacy Market
E-Pharmacy Market Segmentation:

By Drug Type

  • Over the Counter Drugs
  • Prescription Drugs

By Product

  • Skin Care
  • Dental
  • Cold & Flu
  • Others

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East And Africa
     

FutureWise Key Takeaways:

  • Growth prospects
  • SWOT analysis
  • Key market trends
  • Key data-points affecting market growth
     

Objectives of the Study:

  • To provide with an exhaustive analysis on the global e-pharmacy market by drug type, by product type and by region
  • To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
  • To evaluate and forecast micro-markets and the overall market
  • To predict the market size, in key regions (along with countries)— North America, Europe, Asia Pacific, Latin America and Middle East and Africa
  • To record, evaluate and analyze competitive landscape mapping- product launches, technological advancements, mergers and expansions
     

Flexible Delivery Model:

  • We have a flexible delivery model and you can suggest changes in the scope/table of content as per your requirement
  • The customization Mobility Care offered are free of charge with purchase of any license of the report
  • You can directly share your requirements/changes to the current table of content to: sales@futurewiseresearch.com

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What you get


  • Excel Dataset

  • Infographics

  • PDF Report

  • Market Overview

  • PowerPoint Presentation

What's included


  • Consumer Perception and Procurement

  • Competitive Analysis

  • What’s Next

  • Market Data Forecast

  • Risks and Opportunity Assessment

  • Market Trends and Dynamics