ePharmacies Market 2022 Industry Size, Business Growth, Demand, and Forecast to 2028

ePharmacies Market report helps in making informed business decisions by having complete insights of market and by making a comprehensive analysis of market segments. This recent research compilation on the ePharmacies Market is a versatile and future-ready analytical survey that replicates trend assessment, an in-depth assessment of market valuation and revenue-generating trends with information on profit models, Swot examination, competition spectrum, and associated vendor strategies illustrated by major players and market participants contributing by aggressively investing in the global ePharmacies market to secure a competitive advantage amid staggering competition, potential threats from new entrants, as well as technological innovations leading to market substitutes.

The ePharmacies Market is expected to register a CAGR of 18.5% over the forecast period 2022 - 2028.

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Top Companies:

Walgreen Co., InternationalDrugMart.com, The Kroger Company, Sanicare-Apotheke, MediSave, DocMorris NV, eDrugstore.com, Yihaodian, Giant Eagle, Inc., Netmeds Marketplace Limited, T.mall.com, Express Scripts Holding Company, Wal-Mart Stores, Inc., PlanetRx, Canada Drugs), 1mg Technologies Pvt. Ltd., Dr Fox Pharmacy, Rowlands Pharmacy, OptumRx, Inc., Zur Rose Group AG, Lloyds Pharmacy Ltd.

Recent Developments

In August 2020, Amazon launched its online pharmacy service, named "Amazon Pharmacy" for both over-the-counter and prescription-based medicines in Bangalore, India.

In March 2021, Phoenix UK has bought online platform Co-op Health to help independent pharmacies compete in the digital pharmacy market.

By the product type, the market is primarily split into:

Prescription Drugs
Over-the-counter (OTC) Drugs

By the end-users/application, this report covers the following segments:

eCommerce
Others

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North America Holds the Largest Market Share of the E-pharmacy Market, and is Expected to Witness the Same Trend over the Forecast Period

North America accounts for the largest share of the studied market. This can be primarily attributed to the greater number of internet users and higher adoption of online services, which are expected to augment the growth of the market over the forecast period.  With the growing burden of COVID-19 in the United States, the American Association of Homeopathic Pharmacists (AAHP) has come up with the law the Coronavirus Aid Relief and Economic Security (CARES) Act (HR 748). This legislation was incorporated in the direction to encourage the consumers to depend more on OTC products for relief of self-treatable symptoms, which can be reimbursed through the pre-tax funds. 

Geographical Analysis

The report provides geographical as well as country-level analysis of the ePharmacies market demonstrating the dominance of companies in different regions and countries. Also, in this section, the report presents the market revenue of specific products in specific regions to get informed about the dominating region in the market. Some of the regions and countries mentioned in the report are, the US, Canada, Mexico, Brazil, in North America; China, India, Korea, Japan, Singapore in the Asia Pacific; Germany, UK, Italy, France in Europe, GCC countries, Qatar in the Middle East and Africa, Latin America, South America, etc.

Research Methodology

All the data presented in the report from valuation to revenue, drivers, growth areas of the ePharmacies market, etc., is aided by thorough research from press releases, announcements by companies, news updates, reports from company websites, government verified websites, research publications, articles by researchers, etc. All this data is scanned thoroughly by analysts in the company and the summary and collaterals are presented in the report precisely. This research helps in offering well authenticated, verified, data with exact facts and figures. The report is then forwarded to in-house analysts, top-level experts, veterans, industry persons, third parties for feedback, verification, and editing, thus, providing the reader with well written, praised the report.

Key takeaways from the report

The report provides drivers, restraints, challenges, and growth points of the ePharmacies market and how the market can be grown from 2022-to 2028.
The report helps in figuring out the impact of covid-19 on the ePharmacies market and what measures can be taken for its development.
The ePharmacies market players are assisted from the report for investing in the right product or application from the market.
The report also mentions applications, product offerings, types, key marketing trends of the ePharmacies

The research includes historic data from 2016 to 2021 and forecasts until 2028 which makes the reports an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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