ePharmacy Market Size, Share & Trends Analysis Report By Region (Middle East & Africa, North America, Europe, Asia Pacific, Latin America), And Segment Forecasts, 2021 - 2028

ePharmacy Market Size, Share & Trends Analysis Report By Region (Middle East & Africa, North America, Europe, Asia Pacific, Latin America), And Segment Forecasts, 2021 - 2028

ePharmacy Market Growth & Trends

The global ePharmacy market size is expected to reach USD 169.3 billion by 2028 and is expected to grow at a CAGR of 18.4% over the forecast period, according to a new report by Grand View Research, Inc. Factors driving the adoption of ePharmacy include the improved access to online & web-based services, increasing awareness regarding e-commerce amongst consumers, rise in the number of internet users, and a surge in the aging population experiencing difficulty to visit pharmacies. In addition, benefits, such as affordability, convenience, and ease in the availability of medicines, are boosting the adoption of these platforms. High treatment costs are driving the demand for low-cost healthcare services, which, in turn, is bolstering the adoption of online pharmacies owing to the lucrative offers, such as price discounts, provided by them.

The COVID-19 pandemic has positively impacted the market growth and transformed the fortunes of ePharma companies owing to increasing consumer switch from traditional buying towards online purchases of general medications and medical devices, such as oximeters, thermometers, and health supplements. As per an article published by Economic Times, in July 2021, the number of households utilizing ePharmacy services grew 2.5 times to 9.0 million during the pandemic. Thus, the ePharmacy segment has also gained significant growth during the lockdown period imposed due to the pandemic, as governments declared the delivery of medicines through e-commerce platforms as essential services.

ePharmacy Market Report Highlights

  • The global market will witness significant growth owing to the rising internet penetration and high adoption of e-commerce platforms
  • North America dominated the market in 2020 owing to the increased prevalence of chronic diseases, developed healthcare infrastructure, and penetration of IT in healthcare across the region
  • Industry players in this market have significantly expanded their customer base as well as their product & service offerings to keep up with the growing needs of the consumers
  • The main focus of these players is on increasing the Customer Lifetime Value (CLTV) by catering to their healthcare needs in a comprehensive manner, as various online pharmacies have started offering additional services like e-diagnostics, e-consultation, and retailing of health & wellness products
  • Furthermore, a rise in the number of strategic initiatives is aiding market growth. For instance, in August 2020, Amazon India announced the launch of Amazon Pharmacy in Bengaluru, India
  • This launch marked the entry of the company in the online medicine segment that has gained significant traction during the COVID-19 outbreak.
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Chapter 1 Methodology and Scope
1.1 Research Process
1.2 Information Procurement
1.2.1 Purchased database
1.2.1.1 GVR’s internal database
1.2.2 Market Formulation & Validation
1.3 Research Methodology
1.4 Research Scope and Assumptions
1.5 Research Methodology
1.5.1 Region Market: CAGR Calculation
1.5.2 Region Based Segment Share Calculation
1.6 List to Data Nutrient Type
Chapter 2 Executive Summary
2.1 Market Outlook
2.2 Segment Outlook
2.3 Competitive Insights
2.4 ePharmacy market Snapshot
Chapter 3 ePharmacy Market Variables, Trends & Scope
3.1 Market Segmentation
3.2 Penetration and Growth Prospect Mapping
3.3 ePharmacy Market Dynamics
3.3.1 Market Driver Analysis
3.3.2 Market Restraint Analysis
3.4 ePharmacy Market Analysis Tools
3.4.1 Industry Analysis - Porter's
3.4.1.1 Bargaining power of suppliers
3.4.1.2 Bargaining power of the buyers
3.4.1.3 Threat of substitution
3.4.1.4 Threats of new entrants
3.4.1.5 Competitive rivalry
3.4.2 PESTLE Analysis
3.4.2.1 Political And Legal Landscape
3.4.2.2 Economic and Social Landscape
3.4.2.3 Environment and Technology Landscape
3.5 Impact of COVID-19 on the ePharmacy market
Chapter 4 ePharmacy Market: Regional Estimates & Trend Analysis
4.1 Regional market snapshot (USD Million)
4.2 ePharmacy market: regional movement analysis, 2020 & 2028 (USD Million)
4.3 North America
4.3.1 North America ePharmacy market estimates and forecasts, 2016 - 2028 (USD Million)
4.3.2 The U.S.
4.3.2.1 The U.S. ePharmacy market estimates and forecasts, 2016 - 2028 (USD Million)
4.3.3 Canada
4.3.3.1 Canada ePharmacy market estimates and forecasts, 2016 - 2028 (USD Million)
4.4 Europe
4.4.1 Europe ePharmacy market estimates and forecasts, 2016 - 2028 (USD Million)
4.4.2 Germany
4.4.2.1 Germany ePharmacy market estimates and forecasts, 2016 - 2028 (USD Million)
4.4.3 The U.K.
4.4.3.1 The U.K. ePharmacy market estimates and forecasts, 2016 - 2028 (USD Million)
4.4.4 Italy
4.4.4.1 Italy ePharmacy market estimates and forecasts, 2016 - 2028 (USD Million)
4.4.5 Spain
4.4.5.1 Spain ePharmacy market estimates and forecasts, 2016 - 2028 (USD Million)
4.4.6 France
4.4.6.1 France ePharmacy market estimates and forecasts, 2016 - 2028 (USD Million)
4.4.7 Russia
4.4.7.1 Russia ePharmacy market estimates and forecasts, 2016 - 2028 (USD Million)
4.5 Asia Pacific
4.5.1 Asia Pacific ePharmacy market estimates and forecasts, 2016 - 2028 (USD Million)
4.5.2 Japan
4.5.2.1 Japan ePharmacy market estimates and forecasts, 2016 - 2028 (USD Million)
4.5.3 China
4.5.3.1 China ePharmacy market estimates and forecasts, 2016 - 2028 (USD Million)
4.5.4 India
4.5.4.1 India ePharmacy market estimates and forecasts, 2016 - 2028 (USD Million)
4.5.5 Australia
4.5.5.1 Australia ePharmacy market estimates and forecasts, 2016 - 2028 (USD Million)
4.5.6 Singapore
4.5.6.1 Singapore ePharmacy market estimates and forecasts, 2016 - 2028 (USD Million)
4.5.7 South Korea
4.5.7.1 South Korea ePharmacy market estimates and forecasts, 2016 - 2028 (USD Million)
4.6 Latin America
4.6.1 Latin America ePharmacy market estimates and forecasts, 2016 - 2028 (USD Million)
4.6.2 Brazil
4.6.2.1 Brazil ePharmacy market estimates and forecasts, 2016 - 2028 (USD Million)
4.6.3 Mexico
4.6.3.1 Mexico ePharmacy market estimates and forecasts, 2016 - 2028 (USD Million)
4.6.4 Argentina
4.6.4.1 Argentina ePharmacy market estimates and forecasts, 2016 - 2028 (USD Million)
4.7 MEA
4.7.1 MEA ePharmacy market estimates and forecasts, 2016 - 2028 (USD Million)
4.7.2 South Africa
4.7.2.1 South Africa ePharmacy market estimates and forecasts, 2016 - 2028 (USD Million)
4.7.3 Saudi Arabia
4.7.3.1 Saudi Arabia ePharmacy market estimates and forecasts, 2016 - 2028 (USD Million)
4.7.4 UAE
4.7.4.1 UAE ePharmacy market estimates and forecasts, 2016 - 2028 (USD Million)
Chapter 5 ePharmacy market: Competitive Analysis
5.1 Recent Developments & Impact Analysis, By Key Market Participants
5.2 Company/Competition Categorization (Key innovators, Market leaders, Emerging Players)
5.3 Company Market Position Analysis (Geographic Presence, Product Portfolio, Key Alliance, Industry Experience)
Chapter 6 Competitive Landscape
6.1 Company Profiles
6.1.1 The Kroger Co.
6.1.1.1 Company Overview
6.1.1.2 Financial Performance
6.1.1.3 Product Benchmarking
6.1.1.4 Strategic initiatives
6.1.2 Walgreen Co.
6.1.2.1 Company Overview
6.1.2.2 Financial Performance
6.1.2.3 Product Benchmarking
6.1.2.4 Strategic Initiatives
6.1.3 Giant Eagle, Inc.
6.1.3.1 Company Overview
6.1.3.2 Financial Performance
6.1.3.3 Product Benchmarking
6.1.3.4 Strategic Initiatives
6.1.4 Walmart, Inc.
6.1.4.1 Company Overview
6.1.4.2 Financial Performance
6.1.4.3 Product Benchmarking
6.1.4.4 Strategic Initiatives
6.1.5 Express Scripts Holding Company
6.1.5.1 Company Overview
6.1.5.2 Financial Performance
6.1.5.3 Product Benchmarking
6.1.5.4 Strategic Initiatives
6.1.6 CVS Health
6.1.6.1 Company Overview
6.1.6.2 Financial Performance
6.1.6.3 Product Benchmarking
6.1.6.4 Strategic Initiatives
6.1.7 OptumRx, Inc.
6.1.7.1 Company Overview
6.1.7.2 Financial Performance
6.1.7.3 Product Benchmarking
6.1.7.4 Strategic Initiatives
6.1.8 Rowlands Pharmacy
6.1.8.1 Company Overview
6.1.8.2 Financial Performance
6.1.8.3 Product Benchmarking
6.1.8.4 Strategic Initiatives
6.1.9 DocMorris (Zur Rose Group AG)
6.1.9.1 Company Overview
6.1.9.2 Financial Performance
6.1.9.3 Product Benchmarking
6.1.9.4 Strategic Initiatives

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