Dublin, Aug. 07, 2024 (GLOBE NEWSWIRE) -- The "ePharmacies - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for ePharmacies is estimated at US$97.9 Billion in 2023 and is projected to reach US$323.8 Billion by 2030, growing at a CAGR of 18.6% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Regulatory support and evolving digital health policies are pivotal in facilitating the growth of e-pharmacies. Regulations allowing electronic prescriptions and the expansion of mail-order services within healthcare plans are critical enablers. Additionally, logistics and distribution innovations, including the potential use of drones for delivery, are set to improve the reliability and speed of pharmaceutical deliveries, supporting the operational model of e-pharmacies.
These factors collectively underscore a shift towards more integrated and technologically advanced healthcare solutions, reflecting broader trends towards digitalization in response to changing consumer needs and the ongoing evolution of healthcare practices.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global ePharmacies Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global ePharmacies Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Over-the-Counter Products segment, which is expected to reach US$223.6 Billion by 2030 with a CAGR of a 17.8%. The Prescription Medicine segment is also set to grow at 20.6% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $28.6 Billion in 2023, and China, forecasted to grow at an impressive 17.7% CAGR to reach $55.2 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as 1mg Technologies Pvt. Ltd., Canada Drugs, DocMorris NV, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 193 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $97.9 Billion |
| Forecasted Market Value (USD) by 2030 | $323.8 Billion |
| Compound Annual Growth Rate | 18.6% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- Global Economic Update
- ePharmacies - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Rise in Online Healthcare Services Expands Addressable Market Opportunity
- Growing Internet Penetration Spurs Growth in ePharmacy Adoption
- Increased Smartphone Usage Generates Demand for Mobile Health Solutions
- Aging Population Strengthens Business Case for Convenient Medication Access
- Consumer Preference for Home Delivery Propels Growth of ePharmacies
- Technological Advancements in Telemedicine Drives Adoption of ePharmacy Services
- Cost Savings and Discounts Offered by ePharmacies Drive Consumer Shift
- Improved Digital Payment Solutions Sustain Growth in Online Purchases
- Enhanced User Experience and Interface Design Generates Demand
- Data Analytics and AI Innovations Expand ePharmacy Capabilities
- Increasing Chronic Disease Prevalence Propels Demand for Convenient Medication Access
- Expansion into Rural and Remote Areas Expands Addressable Market Opportunity
- Consumer Trust in Online Transactions Strengthens Business Case for ePharmacies
- Rising Investments in Health Tech Innovations Spur Market Growth
- Here's How Cybersecurity and Data Privacy Concerns Impact Market
FOCUS ON SELECT PLAYERS(Total 37 Featured)
- 1mg Technologies Pvt. Ltd.
- Canada Drugs
- DocMorris NV
- Dr Fox Pharmacy
- eDrugstore.com
- Express Scripts Holding Company
- Giant Eagle, Inc.
- InternationalDrugMart.com
- MediSave
- Netmeds Marketplace Limited
- OptumRx, Inc.
- PlanetRx
- Rowlands Pharmacy
- The Kroger Company
- Walgreen Co.,
- Wal-Mart Stores, Inc.
- Zur Rose Group AG
For more information about this report visit https://www.researchandmarkets.com/r/xl6evo
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