New York, USA, July 13, 2023 (GLOBE NEWSWIRE) -- ePharmacy Global Market to Surpass USD 188 Billion Mark by 2028 | DelveInsight
The global ePharmacy market is expected to surge owing to the growing number of tech-savvy consumers, increasing access to web-based and online services among end-users, rising implementation of E-prescriptions in hospitals and other healthcare services, and rising adoption of telemedicine services, among other factors.
DelveInsight’s ePharmacy Market Insights report provides the current and forecast market analysis, individual leading ePharmacy companies’ market shares, challenges, ePharmacy market drivers, barriers, trends, and key market ePharmacy companies in the market.
Key Takeaways from the ePharmacy Market Report
- As per DelveInsight estimates, North America is anticipated to dominate the global ePharmacy market during the forecast period.
- Notable ePharmacy companies such as OptumRx, Inc., Rowlands Pharmacy, Walmart Stores, Inc, Walgreen Co., Amazon.com, CVS Health, Cigna, Giant Eagle, Inc., The Kroger Co., PharmEasy, Apollo Pharmacy, DocMorris AG, Netmeds.com, Well, Chemistdirect.co.uk, Healthxchange Pharmacy, LloydsPharmacy, 1Mg, Alto Pharmacy, MedsEngage, and several others, are currently operating in the ePharmacy market.
- In September 2022, Amazon stated that it was planning to sell prescription medications online in Japan.
- In January 2022, Hyphens Pharma International Limited, Singapore’s largest specialty pharmaceutical as well as a consumer healthcare company, launched WellAway ePharmacy in the city-state. WellAway offers customers the ease of access to pharmaceutical services while also assisting doctors with teleconsultation.
To read more about the latest highlights related to the ePharmacy market, get a snapshot of the key highlights entailed in the Global ePharmacy Market Report
ePharmacy Overview
E-pharmacy, also known as online pharmacy or internet pharmacy, refers to the practice of purchasing medications and healthcare products through online platforms. With the advancements in technology and the widespread use of the internet, e-pharmacy has gained significant popularity in recent years. It offers a convenient and accessible way for individuals to order and receive their medications without physically visiting a brick-and-mortar pharmacy. E-pharmacies provide a wide range of products and services, including prescription medications, over-the-counter drugs, personal care items, and health supplements. They typically operate through secure websites or mobile applications, where customers can browse through various products, compare prices, and place their orders. E-pharmacies often require customers to upload a valid prescription for prescription medications, ensuring the legality and safety of the transactions.
ePharmacy Market Insights
North America is expected to account for the highest proportion of the ePharmacy market in 2023, out of all regions. This dominance is owing to rising demand for OTC pharmaceuticals, increased teleconsulting services in the region, increased internet penetration, and increased acceptance of digital technologies in the healthcare business, among other factors, which will boost the ePharmacy market in North America.
Furthermore, the ease of obtaining pharmaceuticals from the comfort of one’s own home is expected to fuel the North American e-pharmacy market, notably in the United States. The ePharmacy market growth in North America is also expected to be supported by the high concentration of market participants and key firms’ implementation of cutting-edge technology to improve the experience of customers making online medicine purchases.
To know more about why North America is leading the market growth in the ePharmacy market, get a snapshot of the ePharmacy Market Outlook
The ePharmacy market is experiencing increased product demand due to a variety of factors, one of which is the increasing adoption of digital technologies and e-commerce in the healthcare sector. Furthermore, the increasing global penetration of the internet and smartphones will drive up demand for ePharmacy services. Moreover, the pandemic has raised demand for ePharmacy, as evidenced by a surge in teleconsulting services. Despite the fact that medical stores were classed as critical services, internet pharmacies emerged as one of the biggest benefactors of the pandemic-induced lockdown, as people opted to buy drugs online to reduce the danger of disease spread.
However, the growing number of illegal online pharmacies, the risk of counterfeit pharmaceuticals, and other factors may limit the expansion of the ePharmacy market.
Get a sneak peek at the ePharmacy market dynamics @ ePharmacy Market Dynamics Analysis
| Report Metrics | Details |
| Coverage | Global |
| Study Period | 2020–2028 |
| ePharmacy Market CAGR | ~21% |
| ePharmacy Market Size by 2028 | USD 188.89 Billion |
| Key ePharmacy Companies | OptumRx, Inc., Rowlands Pharmacy, Walmart Stores, Inc, Walgreen Co., Amazon.com, CVS Health, Cigna, Giant Eagle, Inc., The Kroger Co., PharmEasy, Apollo Pharmacy, DocMorris AG, Netmeds.com, Well, Chemistdirect.co.uk, Healthxchange Pharmacy, LloydsPharmacy, 1Mg, Alto Pharmacy, MedsEngage, among others |
ePharmacy Market Assessment
- ePharmacy Market Segmentation
- ePharmacy Market Segmentation By Drug Type: Prescription Drugs and Over-The-Counter (OTC) Drugs
- ePharmacy Market Segmentation By Geography: North America, Europe, Asia-Pacific, and Rest of World
- Porter’s Five Forces Analysis, Product Profiles, Case Studies, KOL’s Views, Analyst’s View
Which MedTech key players in the ePharmacy market are set to emerge as the trendsetter explore @ ePharmacy Companies
Table of Contents
| 1 | Report Introduction |
| 2 | Executive summary |
| 3 | Regulatory and Patent Analysis |
| 4 | Key Factors Analysis |
| 5 | Porter’s Five Forces Analysis |
| 6 | COVID-19 Impact Analysis on ePharmacy Market |
| 7 | ePharmacy Market Layout |
| 8 | Global Company Share Analysis – Key 3-5 Companies |
| 9 | ePharmacy Market Company and Product Profiles |
| 10 | Project Approach |
| 11 | About DelveInsight |
Interested in knowing the ePharmacy market by 2028? Click to get a snapshot of the ePharmacy Market Trends
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About DelveInsight
DelveInsight is a leading Business Consultant, and Market Research firm focused exclusively on life sciences. It supports pharma companies by providing comprehensive end-to-end solutions to improve their performance.
