According to IMARC Group latest report titled” E-Pharmacy Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market exhibited strong growth during 2015-2020. The Global E-Pharmacy Market size to grow at a CAGR of around 18% during 2021-2026. E-pharmacy refers to an online store that operates over the internet to provide medicines to consumers via mail or shipping companies. It is facilitated by e-prescription that helps in ordering and dispensing prescription drugs through online channels. E-pharmacy offers doorstep delivery to the end-user at a relatively lesser price than traditional brick and mortar pharmacy stores. As a result, patients do not have to travel to the pharmacies to acquire their medicines. E-pharmacy aims at improving the health of consumers, efficiency, and productivity in the healthcare delivery system.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
The global e-pharmacy market is primarily driven by the increasing internet penetration, which has provided access to web-based and online services. The rising number of internet users and the growing implementation of e-prescription in hospitals and healthcare services are also propelling the market growth. With the onset of coronavirus disease (COVID-19), there has been a surge in online purchasing of medicines to maintain social distancing and prevent the virus from spreading. Moreover, the increasing geriatric population, high prevalence of chronic diseases, and growing adoption of e-commerce platforms in the pharmaceutical sector, are some of the other factors bolstering the market growth.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- CVS Health Corporation
- Express Scripts Holding Company
- Giant Eagle Inc.
- Lloyds Pharmacy Ltd
- Optumrx, Inc.
- Rowland Pharmacy
- The Kroger Co
- Walgreen Co
- Walmart Inc
E-Pharmacy Market Segmentation:
Our report has categorized the market based on region, drug type, product type, platform and payment method.
Breakup by Drug Type:
- Over the Counter (OTC) Drugs
- Prescription Drugs
Breakup by Product Type:
- Skin Care
- Cold and Flu
- Weight Loss
Breakup by Platform:
Breakup by Payment Method:
- Cash on Delivery
- Online Payment
Breakup 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 (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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