Press release
Digital Pharmacy Market 2024 - By Analysis, Industry Trends, Growth And Forecast To 2033
Digital Pharmacy Market
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=18334&type=smp
According to The Business Research Company's, The digital pharmacy size has grown exponentially in recent years. It will grow from $116.60 billion in 2023 to $139.91 billion in 2024 at a compound annual growth rate (CAGR) of 20.0%. The growth in the historic period can be attributed to increasing penetration of internet users, rising life science research, increasing demand for remote consultation, increasing diagnostic offerings, increasing illegal pharmacies.
The digital pharmacy market size is expected to see exponential growth in the next few years. It will grow to $292.29 billion in 2028 at a compound annual growth rate (CAGR) of 20.2%. The growth in the forecast period can be attributed to rising demand for over-the-counter (OTC) products, rising prominence of online modes of drug procurement, rising adoption of automation, rising consumer demand for online pharmaceuticals, and rising prevalence of chronic conditions. Major trends in the forecast period include rising adoption of digital technologies, advancements in healthcare technologies, innovative e-pharmacy models, integrating web-based online pharmacy interfaces, and advancements in telemedicine.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/digital-pharmacy-global-market-report
Market Drivers and Trends:
The increasing adoption of e-commerce in the healthcare sector is expected to propel the growth of the digital pharmacy market going forward. E-commerce in the healthcare sector refers to buying and selling healthcare products and services online. The increasing adoption of e-commerce in the healthcare sector is due to convenience and accessibility, enhanced patient engagement, and consumer preferences. Digital pharmacies strengthen e-commerce in the healthcare sector by offering convenient access to medications, expanded product ranges, personalized patient care, efficient prescription management, cost savings, health information, patient safety, regulatory compliance, and integration with telemedicine and digital health solutions. For instance, in August 2022, according to the Australian Digital Health Agency 2022, an Australia-based government agency, around 118.2 million telehealth services were delivered to 18 million patients, and more than 95,000 practitioners used telehealth services in 2022. Therefore, the increasing adoption of e-commerce in the healthcare sector drives the digital pharmacy market.
Major companies operating in the digital pharmacy market are focused on developing innovative solutions, such as online digital pharmacy platforms, to enhance the customer experience, streamline medication management, and improve accessibility to pharmaceutical services. An online digital pharmacy platform is a web-based or mobile application interface that provides pharmacy services over the internet. These platforms aim to streamline ordering medications, managing prescriptions, and accessing healthcare information. For instance, in November 2023, Pure Health, a UAE-based healthcare company, launched Dawak, an online digital pharmacy platform. The platform is designed to streamline how patients in the UAE access, purchase, and use their medications. It eliminates waiting times, enables users to review and refill prescriptions, chooses convenient delivery options, and facilitates easy payment through the platform. Dawak focuses on promoting medication adherence and provides a means to report any adverse effects from medications. Dawak organizes medications into packs with individually sealed sachets, sorted by date and time, and includes detailed dosage information.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Walmart Inc. , Amazon.com Inc., MetLife Inc., Omnicell (OMCL) Inc., Hims & Hers Health Inc., Tata 1MG Technologies Pvt Ltd., Ro, Medminder Systems Inc., Thirty Madison Inc., Pharmacy2U Ltd, NimbleRx, PocketPills Pharmacy Inc., Nurx, Medley Pharmacy Ltd., RxSafe LLC, ScriptDrop Inc., mscripts LLC, Blink Health LLC, MedAvail Inc., Truepill, NowRx Inc., Capsule Pharmacy
Digital Pharmacy Market 2024 Key Insights:
• The digital pharmacy market size is expected to see exponential growth in the next few years. It will grow to $292.29 billion in 2028 at a compound annual growth rate (CAGR) of 20.2%.
• The Role Of E-Commerce In Driving Growth In The Digital Pharmacy Market
• Revolutionizing Pharmacy Services With User-Friendly App Innovation
• North America was the largest region in the digital pharmacy market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/customise?id=18334&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Digital Pharmacy Market 2024 - By Analysis, Industry Trends, Growth And Forecast To 2033 here
News-ID: 3722770 • Views: …
More Releases from The Business research company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Pharmacy
Pharmacy Automation Systems Market Analysis By Top Keyplayers - Inpatient Pharma …
The "Pharmacy Automation Systems Market" is expected to reach USD xx.x billion by 2031, indicating a compound annual growth rate (CAGR) of xx.x percent from 2024 to 2031. The market was valued at USD xx.x billion In 2023.
Growing Demand and Growth Potential in the Global Pharmacy Automation Systems Market, 2024-2031
Verified Market Research's most recent report, "Pharmacy Automation Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2030," provides…
Convenient and reliable online pharmacy - Onlinepills pharmacy
Onlinepills Pharmacy is a trusted and reliable online pharmaceutical company that has been serving the global community for over a decade. Onlinepills Pharmacy ensures and prioritizes customer interest with premium customer assistance and the best offers on prescription medicines.
Key Benefits at Onlinepills Pharmacy:
• No prescriptions are asked to order medicines.
• Genuine medicines at the best price.
• Medicines undergo quality checks before shipping in discreet and safe packages.
• Tracking details are provided after shipping…
Pharmacy Compounding For Veterinary Medicine Market Next Big Thing | Medisca, Lo …
Worldwide Pharmacy Compounding For Veterinary Medicine Market In-depth Research Report 2021, Forecast to 2026 is the latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities, and leveraging with strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Worldwide Pharmacy Compounding For Veterinary Medicine Market. Some of the key players…
Compounding Pharmacy Market Competitive Outlook Covering COVID-19 Impact | Lorra …
The role of compounding pharmacies is to make drugs prescribed by doctors for specific patients with needs that can't be met by commercially available drugs in the market. Compounded drugs are the amalgamation of two or more drug ingredients in different proportions, i.e., combining or altering the active pharmaceutical ingredients of drugs to meet the unmet medical need of an individual patient. The major driver of compounding pharmacies market is…
Compounding Pharmacy Market SWOT Analysis by Key Players: Olympia Pharmacy, Wedg …
Latest Market intelligence report released by HTF MI with title "Global Compounding Pharmacy Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread)" is designed covering micro level of analysis by manufacturers and key business segments. The Global Compounding Pharmacy Market survey analysis offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research is…
U.S. Compounding Pharmacies Market Global Key Players - Premier Pharmacy Labs, R …
Endowed with numerous regulatory compliances, the U.S. compounding pharmacies market has been traversing toward becoming one of the most profitable business spaces. Owing to the lack of safety and absence of clinical clearances, compounded medications have been under stringent scrutiny that has been helping players in the U.S. compounding pharmacies to strengthen their existing manufacturing practices. The surging use of compounded medicines for pain relief and hormone replacement therapies is…
