E-Pharmacy Market Overview, Challenges, Development Factors and Business Statistics 2022-2027
E-pharmacy, also known as an online pharmacy, is a form of digital healthcare shop that allows consumers to purchase medications and other healthcare products online. It functions via independent internet-only outlets, online branches, and outlets promoting pharmacy associations. It is a convenient and efficient way for individuals to access health care services and medications that provides online consultations and ordering and sales, home delivery services, and secured payment processing. Additionally, it provides detailed information about medications and healthcare products, allowing consumers to make more informed decisions about their healthcare choices, which is done using two methods of payment, including online and cash-on-delivery payment.
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The rapid expansions of e-commerce platforms majorly drive the global market. This can be supported by the growing penetration of the Internet of Things (IoT) and smart devices, influencing the use of e-commerce platforms for purchasing healthcare essentials. Along with this, the rising geriatric population is also significantly supporting the market as they are more prone to chronic ailments. Therefore, they are increasingly adopting e-pharmacy services for regulated and door-step delivery of medical devices, medicines, and personal care products, which is acting as another growth-inducing factor. Apart from this, the sudden outbreak of the COVID-19 pandemic created a gradual shift from brick-and-mortar drugstores towards e-pharmacy platforms to prevent coronavirus infection is positively influencing the market. Moreover, the integration of artificial intelligence (AI), predictive analytics, and health information technology (HIT) with e-pharmacy solutions, is also impacting the market favorably.
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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 (Zur Rose Group AG)
• Express Scripts Holding Company (Cigna Corporation)
• Giant Eagle Inc.
• Lloyds Pharmacy Ltd (McKesson Corporation)
• Optumrx, Inc. (Unitedhealth Group Incorporated)
• Rowland Pharmacy
• The Kroger Co
• Walgreen Co (Walgreens Boots Alliance, Inc.)
• 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
• Cold and Flu
• Weight Loss
Breakup by Platform:
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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