Top 6 companies Transforming the Dynamics of the Global ePharmacy Market

The global ePharmacy market is expected to grow at a CAGR of 14.3% in the forecast period of 2022-2027. As per the analysis by Expert Market Research, increasing preference for online delivery of pharmaceuticals and healthcare products is expected to drive the market growth in the forecast period.

The growing consumer preference for online services and doorstep delivery of pharmaceutical and healthcare products is boosting the growth of the global ePharmacy market. The market is being aided by the increasing penetration of the internet and the rising popularity of e-commerce channels in both developed and developing countries. Convenient and hassle-free services offered by e-pharmacies at low cost and discounted prices are further contributing significantly to the market growth.

Factors like rapid digitisation, increasing investments in start-ups, and the rising implementation of e-prescriptions are also expected to augment the market growth in the coming years. Moreover, the surge in demand for contactless services, especially after the COVID-19 pandemic, is anticipated to propel the market growth in the coming years.

The launches of innovative online pharmacy services, ‘Amazon Pharmacy’ for both over-the-counter and prescription-based medicines are expected to positively influence the market growth. Moreover, with the increasing prevalence of various health issues, the demand for medicines from online channels is likely to aid the market for epharmacy. The proliferation of various direct-to-consumer prescription deliveries is anticipated to augment the market development in the coming years.

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Top 6 Global ePharmacy Companies:

CVS Pharmacy

CVS Pharmacy is a leading retail pharmacy chain that delivers community-based and innovative solutions to enhance the accessibility and affordability of healthcare services. The company prescribes millions of medicines each year and offers innovative healthcare services to bridge gaps in medical care, use cost-effective drug therapies, and drive medical adherence. More than 9,900 of its pharmacy locations in the United States offer various snacks, health, personal care, snacks, groceries, and wellness products.

Giant Eagle Inc.

Giant Eagle Inc. is a supermarket chain and one of the largest family-operated companies in the USA. It is involved in retail, grocery, bakery, liquor, gourmet foods, convenience, gas station, and pharmacy businesses through the operations of Giant Eagle, GetGo, Nature’s Basket, and Market District stores. With more than 470 stores across north central Ohio, Maryland, northern West Virginia, western Pennsylvania, as well as Indiana, the company attained sales of USD 9.7 billion in 2021.

Express Script Holding Company

Express Scripts is a global healthcare opportunity company and one of the largest pharmacy benefit managers in the USA. It is currently a part of Evernorth Health Services which is built on the recognition that health makes progress possible. It operates through platforms such as Accredo, Care Continuum, CuraScript SD, and eviCore, among others. It has more than 1.4 million physicians and 68,000 pharmacies as its customers who use its innovative and industry-leading healthcare tools.

OptumRx, Inc.

OptumRx is a major technology and information-enabled health company. It is revolutionising the dynamics of modern healthcare by connecting and serving the whole health system across. The company aims to utilise healthcare data to improve consumer outcome, personalise healthcare, and provide equitable healthcare. It has empowered the lives of over 130 million people and more than 1.3 billion prescriptions have been filled through the company.

Walmart Corporate

Walmart Inc. is a leading e-commerce and retail provider that aims to provide a customer-centric experience while saving the time of consumers. The company operates nearly 10,500 clubs and stores under 48 banners in 24 countries and e-commerce websites. As of January 2022, the company employs nearly 2.3 million associates.

Medlife International Pvt.Ltd.

Medlife International is one of the most significant private medical operators in Romania. It offers various medical services, including medical imaging, clinical and laboratory testing services, surgical interventions, and reproductive medicines, among others. The company includes 10 monodisciplinary centres of excellence, 3 maternity hospitals, 11 pharmacies, and 8 medical laboratories, primarily in Bucharest and other Romanian cities. With above 3,000 employees, the company serves over 2 million patients each year.

Also Read@ https://www.expertmarketresearch.com/pressrelease/global-epharmacy-market