E-Pharma Market Size, Growth, In-depth Analysis, Research Report Forecast up to 2027: Express Scripts Holding Company and Giant Eagle, Inc. are Key Players.

E-Pharma Market is expected to grow at a CAGR of 15.38% to reach a market size worth US$85,364.200 million by 2027.

The prime factors propelling the e-pharma market growth are:
• The growing internet users.
• More access to web-based and online services.
• Increasing use of e-prescriptions in hospitals.

As per the report, the e-pharma market is expected to grow rapidly between 2021 and 2028.

An online pharmacy known as an E-Pharmacy ships medications to customers. The process has become much simpler and more convenient with the availability of online drug shopping. The growing reliance on online pharmacies for OTC and prescription medicine purchases will boost the market growth. Additionally, virtual-based teleconsultations have replaced in-person medical appointments, leading to the development of digital pharmaceuticals by important players. For instance, in November 2021, Flipkart introduced Flipkart Health+ after buying the bulk of Sastasundar Marketplace Limited. During the COVID-19 pandemic, services were significantly needed to provide individuals with essential pharmaceuticals. After the pandemic, there has been a massive boom in the e-pharmacy industry due to people being exposed to more e-pharmacy services and more people using online services due to their increasing penetration and uptake, which will boost the e-pharma market growth during the forecasted period.

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The e-pharma market has been segmented into drug type, applications, and geography.

The market has been segmented by drug type into over-the-counter (otc) and prescription drugs. Over-the-counter (OTC) drugs will account for a significant market share during the forecasted period owing to the shift of pharmaceutical manufacturers from Rx to OTC, the increase in self-medication in developing countries, the increasing burden of pain, and the growing client preference for online pharmacies.

The market has been segmented based on application into cold and flu, dental, dermatology, nutrition, weight management, and others. Dermatology will have a significant market share during the forecasted period. Various dermatology-related items will help elevate the e-pharma market to a new level because cosmetic and aesthetic items are becoming more popular for skin care demand.

By region, North America is expected to retain a considerable market share due to the increased internet usage and acceptance of online services, which are projected to boost the regional market growth over the forecast period. For instance, a countrywide direct-to-consumer e-commerce pharmacy platform was introduced by the Marley drug pharmacy in the United States in February 2022. Since Marley Drug now offers home delivery to all 50 states, Americans can purchase moderately priced, FDA-approved medications from the company online.

As a part of the report, the major players operating in the e-pharma market that have been covered are 1mg, Canada Health Infoway, Express Scripts Holding Company, Giant Eagle, Inc., The Kroger Co., Netmeds Marketplace Ltd., OptumRx, Inc., Rowlands Pharmacy, Walgreen Co. and Amazon Pharmacy.

This e-pharma market has been analyzed into the following segments:

• By Drug Type

o Over-the-counter (OTC) drugs
o Prescription drugs

• By Application

o Cold and flu
o Dental
o Dermatology
o Nutrition
o Weight management
o Others

• By Geography

o North America

• USA
• Canada
• Mexico

o South America

• Brazil
• Argentina
• Others

o Europe

• UK
• Germany
• France
• Spain
• Others

o Middle East and Africa

• UAE
• Israel
• Saudi Arabia
• Others

o Asia Pacific

• Japan
• China
• India
• South Korea
• Thailand
• Taiwan
• Indonesia
• Others

Related Reports:

• Global Pharmacovigilance Market: https://www.knowledge-sourcing.com/report/global-pharmacovigilance-market

• Global Ophthalmic Drugs Market: https://www.knowledge-sourcing.com/report/global-ophthalmic-drugs-market

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Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm publishing market research studies across ten industry verticals. KSI has a team of experienced and young professionals who focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports annually centering on the niche and latest technologies. In addition, we engage with key decision-makers and stakeholders across the value chain to provide clients with a detailed analysis and bird's-eye view of the market with complete market dynamics, statistical forecasts, competitive analysis, key trends, market drivers, and challenges, and strategic recommendations for making informed decisions. Our success lies in our analysts' efforts to meet client expectations by delivering quality work within the stipulated deadlines.

This release was published on openPR.