Press release
E-Pharmacy Market to Reach USD 529.87 Billion by 2034, Growing at a 19.4% CAGR
๐-๐ฉ๐ก๐๐ซ๐ฆ๐๐๐ฒ ๐๐๐ซ๐ค๐๐ญ
โข The growing dependence of the healthcare industry on e-commerce is anticipated to boost market growth further.
โข As consumers are emphasizing convenience and availability in handling their ongoing health requirements, this drives the demand for the e-pharmacy market.
โข The increasing government efforts labeling them as essential services and vigorously advertising them on platforms are enhancing market growth.
โข Increasing smartphone usage and consumer preferences for the convenience of online shopping are driving market expansion.
๐๐ก๐๐ญ ๐๐ฌ ๐-๐๐ก๐๐ซ๐ฆ๐๐๐ฒ?
An "e-pharmacy" refers to an online pharmacy that allows customers to purchase medications and other medical products through a website or app, with the drugs being delivered directly to their homes, essentially providing a convenient way to access prescriptions without physically visiting a brick-and-mortar pharmacy. It operates primarily in the digital space, requiring users to upload prescriptions when necessary and often offering features like medication reminders and drug information access. The main benefit of e-pharmacy is the ability to order medications from anywhere with an internet connection, saving time and effort compared to traditional pharmacy visits. Strict regulations govern e-pharmacies to ensure proper drug storage, handling, and patient safety. E-pharmacies must be licensed in any region where consumers may make a purchase.
๐๐๐ญ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ ๐จ๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ:
https://www.polarismarketresearch.com/industry-analysis/e-pharma-market/request-for-sample
๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ข๐ง ๐๐๐ซ๐ค๐๐ญ
The market for e-pharmacy is marked by intense rivalry, fueled by well-established companies as well as new startups looking to take advantage of the increasing need for online health services. Some of the key players operating in the market are:
โข Express Scripts Holding
โข Giant Eagle
โข The Walgreen Company
โข Kroger Co
โข CVS Health Corporation
โข DocMorris
โข PharmEasy
โข Wal-Mart Stores
โข OptumRx
โข Rowland Pharmacy
โข Lloyds Pharmacy Ltd (McKesson Corporation)
๐๐๐ฒ ๐๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ ๐จ๐ ๐-๐ฉ๐ก๐๐ซ๐ฆ๐๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ
โข Based on drug type, in 2024, the OTC drugs segment accounted for the largest market share in the market due to its widespread availability without prescriptions and increasing consumer preference for self-medication.
โข The skin care segment, based on product type, is expected to witness the fastest growth during the forecast period due to the rising awareness of personal grooming and the increasing adoption of advanced skin care products.
โข In 2024, North America accounted for the largest market share due to the presence of well-established healthcare infrastructure and a high adoption rate of e-pharmacy platforms.
โข The Asia Pacific e-pharmacy market is expected to witness the fastest growth during the forecast period due to increasing internet penetration, growing middle-class income, and supportive government initiatives promoting digital healthcare.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐ ๐๐ข๐ฌ๐๐จ๐ฎ๐ง๐ญ ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐:
https://www.polarismarketresearch.com/industry-analysis/e-pharma-market/request-for-discount-pricing
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ฅ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ
โข The e-pharmacy market is segmented based on drug type, product type, payment method, platform, and region.
โข Based on drug type, the market is segmented into OTC drug and prescription drug.
โข In 2024, the OTC drug segment represented the largest market share because of their extensive availability and the ease of obtaining them without needing a prescription.
โข The market segmentation, based on product type, is made into dental, skincare, vitamins, weight loss, cold and flu, and other product types.
โข The skin care segment is projected to experience significant growth during the forecast period, propelled by rising consumer awareness regarding skin health and an expanding inclination towards dermatological products.
By Drug Type Outlook (Revenue - USD Billion, 2020-2034)
โข Prescription Drug
โข OTC Drug
By Product Type Outlook (Revenue - USD Billion, 2020-2034)
โข Skin Care
โข Dental
โข Cold and Flu
โข Vitamins
โข Weight Loss
โข Other Product Types
By Payment Method Outlook (Revenue - USD Billion, 2020-2034)
โข Cash On Delivery
โข Online Payment
By Platform Outlook (Revenue - USD Billion, 2020-2034)
โข App Based
โข Web Based
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐ก๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐จ๐ฆ๐ฉ๐ซ๐๐ก๐๐ง๐ฌ๐ข๐ฏ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ซ๐:
https://www.polarismarketresearch.com/industry-analysis/e-pharma-market
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ
โข North America (U.S., Canada)
โข Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
โข Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
โข Latin America (Brazil, Mexico, Argentina)
โข Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
๐๐จ๐ซ๐ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ญ๐๐ฌ๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐จ๐ฅ๐๐ซ๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
Plasma Protease C1-inhibitor Market
https://www.polarismarketresearch.com/industry-analysis/plasma-protease-c1-inhibitor-market
Equine Healthcare Market
https://www.polarismarketresearch.com/industry-analysis/equine-healthcare-market
Dental Equipment Market
https://www.polarismarketresearch.com/industry-analysis/dental-equipment-market
Immunoassay Market
https://www.polarismarketresearch.com/industry-analysis/immunoassay-market
๐๐จ๐ง๐ญ๐๐๐ญ:
Likhil G
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๐๐๐จ๐ฎ๐ญ ๐๐จ๐ฅ๐๐ซ๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก & ๐๐จ๐ง๐ฌ๐ฎ๐ฅ๐ญ๐ข๐ง๐ , ๐๐ง๐:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.
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