Size of the e-pharmacy market worth USD 177,794 million by 2028, growing at a CAGR of 17.3%

0

The global e-pharmacy market size is expected to reach USD 177,794 million by 2026 owing to the increase in door-to-door deliveries as patients do not need to visit pharmacies. Moreover, these online stores offer medicines at discounted prices compared to pharmacies. Since e-delivery is common in other industries, many e-commerce giants are also investing in the healthcare sector. For example, Amazon is set to acquire e-pharmacy company PillPack for $753 million. This information was provided by Fortune Business Insights™ in a report titled, “2020-2027”. According to the report, the market stood at USD 49,727.7 million in 2018. It is expected to show a spectacular CAGR growth of 17.3% during the forecast period between 2019 and 2026.

Request a sample copy of the research report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/epharmacy-market-100238

industry development

January 2019: Swedish online pharmacy Meds has received $5.5 million in funding to expand its operations in Europe.

June 2015: Envision RX Options has been acquired by Rite Aid Corp. Envision RX options provide mail-order pharmacy service and prescription medications.

General application will increase significantly in coming years: Fortune Business Insights™

Based on product type, the market is divided into prescription drugs and over-the-counter products. The over-the-counter segment dominated the online medical sector in 2018. Prescription drugs are also expected to grow in the coming years. In terms of geography, the market is segmented into North America, Europe, Asia-Pacific, and RoW.

For more information on the analysis of this report, visit: https://www.fortunebusinessinsights.com/industry-reports/epharmacy-market-100238

Reliance on home delivery services to drive growth

The growth of e-commerce has enabled online pharmacies to attract a large user base in both developing and developed countries. Also, Millennials and Generation Z rely heavily on online services to make their purchases. Online pharmacies help reduce the dependence of sick and elderly people on others for medical supplies. Moreover, the unavailability of certain drugs in pharmacies is also driving the growth of the market.

Rise in Home Care Treatment to Drive North America Market

North America is expected to hold a major share of the market owing to the reliance of the maximum population on online deliveries including several nutritional supplements. Additionally, the growing number of patients who prefer home care due to high hospital expenses is also driving the regional growth.

On the other hand, Europe is also booming as e-healthcare is regulated by the European Commission which offers people to develop trust in the market. Germany is the fastest growing regional market in Europe as it has high-speed internet access and is aware of the benefits of online over-the-counter. France and Italy have established markets and thus contribute significant shares to the European market.

You have a question ? Ask our experts: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/epharmacy-market-100238

The report lists the main players in this market:

  • DocMorris
  • CVS Health Society
  • Express Script Holding Company
  • Walgreen Co.
  • OptumRx, Inc.
  • Giant Eagle, Inc.
  • Walmart Stores, Inc.
  • Rowland Pharmacy
  • The Kroger Company.
  • Other players

Detailed Table of Contents:

  • introduction
    • Search scope
    • Market segmentation
    • Research Methodology
    • Definitions and assumptions
  • Summary
  • Market dynamics
    • Market factors
    • Market constraints
    • Market opportunities
  • key ideas
    • Top Startups and Funding Overview
    • Key Industry Developments – Mergers, Acquisitions and Partnerships, 2018
    • Overview of Regulatory Scenario – Key Countries
    • Key industry trends
    • E-Commerce Penetration Overview – Key Countries
  • Global e-Pharmacy Market Analysis, Outlook and Forecast, 2015-2026
    • Main results/summary
    • Market Analysis, Outlook and Forecast – By Product
      • Over-the-counter products
      • Prescription medicine
    • Market Analysis, Outlook and Forecast – By Region
      • North America
      • Europe
      • Asia Pacific
      • Rest of the world
  • North America e-Pharmacy Market Analysis, Outlook and Forecast, 2015-2026
    • Main results/summary
    • Market Analysis – By Product
      • Over-the-counter products
      • Prescription medicine
    • Market analysis – by country
  • Europe Online Pharmacy Market Analysis, Outlook and Forecast, 2015-2026
    • Main results/summary
    • Market Analysis – By Product
      • Over-the-counter products
      • Prescription medicine
    • Market Analysis – By Country/Sub-Region
      • UK
      • Germany
      • France
      • Spain
      • Italy
      • Scandinavia

TOC Continued….!!!

Get your personalized research report: https://www.fortunebusinessinsights.com/enquiry/customization/epharmacy-market-100238

About Us:

Fortune Business Insights™ provides accurate data and innovative business analytics, helping organizations of all sizes make the right decisions. We adapt innovative solutions to our clients, helping them to meet various challenges specific to their activities. Our goal is to give them holistic market intelligence, providing them with granular insight into the market they operate in.

Contact us:

Fortune Business Insights™ Pvt. ltd.

308, General Headquarters,

Inquiry No. 36, Baner,

Pune-Bangalore Highway,

Pune – 411045, Maharashtra, India.

Call:

United States: +1 424 253 0390

UK: +44 2071 939123

APAC: +91 744 740 1245

E-mail: [email protected]

LinkedIn: https://www.linkedin.com/company/fortune-business-insights

Facebook: https://www.facebook.com/FortuneBusinessInsightsPvtLtd

hurry: https://www.fortunebusinessinsights.com/press-release/epharmacy-market-9262


Source link

Share.

Comments are closed.