According to IMARC Group latest report titled “E-Pharmacy Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on E-Pharmacy industry report. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global e-pharmacy market is expected to exhibit a CAGR of 11.2% during 2022-2027.
E-pharmacy is an online digital pharmacy platform that operates over the internet and provides medicines through mail or shipping companies. It is involved in the sales of medication to the consumers. It is designed to provide online pharmacy services, including drug delivery. It allows prescription refilling and delivery over the counter as well as specialty medicines to the patients. Additionally, The rising geriatric population, coupled with the growing prevalence of chronic disorders, are providing an impetus to the market growth.
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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.
Market Trends:
The global market is majorly driven by the increasing access to web-based and online services. In line with this, the rising number of internet users is significantly contributing to the market growth across the globe. Furthermore, and the growing implementations of e-prescriptions in hospitals and other healthcare services are positively favorably influencing the market growth. Apart from this, shifting the inclination of customers towards online pharmacy is creating a positive outlook for the market. Moreover, increasing awareness regarding services offered by e-pharmacy is catalyzing market growth. The market is further driven by the continual improvements in e-pharmacy mobile applications and the widespread awareness regarding the benefits offered by these services. Besides this, ease of purchasing, quality services, availability of a range of medications, and easy accessibility are some of the other growth-inducing factors. Additionally, the rising geriatric population coupled with the growing prevalence of chronic disorders are providing an impetus to the market growth. Other factors, including the inflating disposable income levels of the masses, the rapid expansion of the digital health industry, lucrative offers, and discounts, and the easy availability of online prescription drugs, are also providing a boost to 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
- DocMorris
- 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
- Dental
- Cold and Flu
- Vitamins
- Weight Loss
- Others
Breakup by Platform:
- App-Based
- Web-Based
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 (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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