E-Pharmacy Market is Aims for US$ 371.25 Billion and Rising Exponentially at Rate of 19.4% During the Forecast Period 2032

Polaris Market Research's latest report, titled "E-Pharmacy Market," 2024-2032. The report covers market performance, key success factors, project costs and economics, expected ROI, risk factors, and profit margins. The global market was valued at USD 75.50 billion in 2023 and is expected to grow to USD 371.25 billion by 2032 at a CAGR of 19.4% during the forecast period.

E-pharmacy, or online pharmacy, refers to the digital platform that enables the sale of medicines and healthcare products through the internet. This market has witnessed significant growth due to the increasing adoption of digital technologies, the convenience of online shopping, and the rising demand for home delivery services, especially post the COVID-19 pandemic. E-pharmacies offer the convenience of home delivery and 24/7 availability, making it easier for consumers to access medications and health products. The pandemic significantly accelerated the adoption of e-pharmacies as people sought to avoid physical stores and reduce the risk of infection.

𝐆𝐚𝐢𝐧 𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐨 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐨𝐟 𝐭𝐡𝐞 𝐋𝐞𝐚𝐭𝐡𝐞𝐫 𝐆𝐨𝐨𝐝𝐬 𝐌𝐚𝐫𝐤𝐞𝐭:
https://www.polarismarketresearch.com/industry-analysis/e-pharma-market/request-for-sample

𝐖𝐡𝐚𝐭 𝐢𝐬 𝐄-𝐏𝐡𝐚𝐫𝐦𝐚𝐜𝐲?

E-pharmacy, also called internet pharmacy or electronic pharmacy, is a business idea that, like conventional pharmacies, sells and prepares prescription and non-prescription medications. It provides transparent pricing, 24-hour drug delivery, and access to extensive information about prescription medications. Furthermore, it can help in the prevention of pharmaceutical errors, which will improve patient safety. Instead of physically visiting pharmacies to pick up their prescriptions, patients can order the medications online.

𝐌𝐚𝐣𝐨𝐫 𝐏𝐚𝐫𝐭𝐢𝐜𝐢𝐩𝐚𝐧𝐭𝐬
Some of the major players in the E-Pharmacy market include:

• Express Scripts Holding
• Giant Eagle
• The Walgreen Company
• Kroger Co
• CVS Health Corporation
• DocMorris
• PharmEasy
• Wal-Mart Stores
• OptumRx
• Rowland Pharmacy
• Lloyds Pharmacy Ltd (McKesson Corporation)
• 1mg
• Netmeds

𝐁𝐮𝐲 𝐍𝐨𝐰 𝐓𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:
https://www.polarismarketresearch.com/buy/3/2

𝐆𝐫𝐨𝐰𝐭𝐡 𝐏𝐫𝐨𝐬𝐩𝐞𝐜𝐭𝐬 𝐚𝐧𝐝 𝐓𝐫𝐞𝐧𝐝𝐬

The market is expanding due to the rising adoption of smartphones. As chronic diseases become more common, there is a growing demand for various healthcare products, especially pharmaceuticals. This indicates the increasing use of online drug shopping globally.

Moreover, E-pharmacies have gained recognition in the last several years from the Central and State Governments, who have categorized them as essential services and advertised them on the Aarogya Setu App. The government has launched various programs, such as the National Digital Health Mission (NDHM), Digital India, and Pradhan Mantri Bhartiya Janaushadhi Pariyojana (PMBJP), to promote the growth and facilitate business in the e-pharmacy sector.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬

• North America (U.S., Canada)
• Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
• Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
• Latin America (Brazil, Mexico, Argentina)
• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐡𝐞 𝐄𝐧𝐭𝐢𝐫𝐞 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐞𝐫𝐞:
https://www.polarismarketresearch.com/industry-analysis/e-pharma-market

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

The e-pharmacy market analysis is primarily based on the Product Type, Drug Type, Platform, Payment Method, and region. Based on the drug type analysis, the OTC product is anticipated to witness market growth. Growing consumer awareness and the need for over-the-counter medications are expected to drive the global market over the forecast period. Also, platform-based categories project a market in which websites and apps are used to provide services to regular patients.

𝐁𝐲 𝐃𝐫𝐮𝐠 𝐓𝐲𝐩𝐞
• Prescription Drug
• OTC Drug

𝐁𝐲 𝐏𝐫𝐨𝐝𝐮𝐜𝐭 𝐓𝐲𝐩𝐞
• Skin Care
• Dental
• Cold and Flu
• Vitamins
• Weight Loss
• Other Product Types

𝐁𝐲 𝐏𝐥𝐚𝐭𝐟𝐨𝐫𝐦
• App Based
• Web Based

𝐄-𝐩𝐡𝐚𝐫𝐦𝐚𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬

• The online pharmacy market is divided into OTC and prescription drugs. The segment with the largest market share was OTC products, and in the upcoming years, that segment is anticipated to grow significantly.
• App-based and web-based E-pharmacies are dominating the E-pharmacy market because they offer convenience, accessibility, and personalized services to customers.
• North America accounts for the majority of the market under investigation. This is primarily caused by the rising popularity of online services and the rise in internet users, which are expected to hasten the market's expansion throughout the forecast year.
• During the pandemic, there was a surge in demand for E-pharmacy services as people avoided visiting physical pharmacies due to concerns about infection. The increased demand led to significant growth in the E-pharmacy market.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐖𝐢𝐝𝐞-𝐫𝐚𝐧𝐠𝐢𝐧𝐠 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞 𝐨𝐟 𝐏𝐌𝐑'𝐬 𝐇𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:

𝐃𝐢𝐞𝐭𝐚𝐫𝐲 𝐒𝐮𝐩𝐩𝐥𝐞𝐦𝐞𝐧𝐭𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/dietary-supplements-market

𝐎𝐫𝐠𝐚𝐧𝐢𝐜 𝐏𝐞𝐫𝐬𝐨𝐧𝐚𝐥 𝐂𝐚𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/organic-personal-care-market

𝐋𝐮𝐛𝐫𝐢𝐜𝐚𝐧𝐭𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/lubricants-market

𝐏𝐫𝐨𝐛𝐢𝐨𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/probiotics-market

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬:

Polaris Market Research
Phone: +1-929-297-9727
Email: sales@polarismarketresearch.com

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

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