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Global ePharmacy Market was valued US$ XX Bn in 2019 and is expected to reach US$ 112.50 Bn by 2027, at a CAGR of 14.10 % during a forecast period.
Global ePharmacy Market
The report study has analyzed the revenue impact of the COVID-19 pandemic on the sales revenue of the market leader, market followers, and market disrupters in the report, and the same is reflected in our analysis.
ePharmacy store focuses on making the consumer’s life much easier by reducing both time and money. It offers the consumer a variety of medicines against a prescription provided to the customer by a registered medical practitioner. The consumer can also purchase OTC medicines for which prescription is not required.
An increase in internet penetration across the globe, improved healthcare infrastructure, rapid aging of the population, and awareness of eCommerce amongst users are some of the prominent factors behind the global ePharmacy market growth. A shift in consumer behavior with an increased demand for convenience is one of the key factors that are contributing to global market growth. The rise in the prevalence of chronic conditions is increasing the demand for various drugs and healthcare products. Consumers prefer online pharmacies because of their lucrative offers like price discounts, ease in availability of drugs, and home delivery services. Consumers are not required to visit pharmacies to procure medicines. Also, the adoption of information technology in the healthcare sector is empowering clinicians to send prescriptions electronically, which is expected to boost the global e-pharmacy market growth.
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Scope of the Global ePharmacy Market
Global ePharmacy Market, By Drug Type
• Prescription Drugs
• Over the counter (OTC) Drugs
Global ePharmacy Market, By Product Type
• Skin Care
• Cold and Flu
• Weight Loss
• Other Product Types
Global ePharmacy Market, By Region
• North America
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in Global ePharmacy Market
• The Kroger Co.
• Walgreens Boots Alliance, Inc.
• Walmart Stores, Inc.
• Express Scripts Holding Company
• Giant Eagle, Inc.
• Optum Rx, Inc.
• Rowlands Pharmacy
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