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Global ePharmacy Market: By Type: Over-The-Counter Products, Prescription Medicine; By Operating Platform: Mobile Application, Website; By Business Model: Inventory, Marketplace, Direct; Regional Analysis; Historical Market and Forecast (2016-2026); Competitive Landscape; Industry Events and Developments
Global ePharmacy Market Outlook
The global epharmacy market is expected to grow at a CAGR of 13% in the forecast period of 2021-2026 to reach a value of approximately USD 131 billion by 2026.
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North America Leads the Global Market for ePharmacy
Region-wise, North America dominates the global market for epharmacy. The high internet penetration and the increased literacy of the general population regarding internet resources in the region are aiding the market growth. The early access to advanced technology in the region and the thriving e-commerce sector are significantly contributing to the regional market growth. Europe is another significant region for the market expansion. However, the stringent regulatory compliance regarding the sales of prescription drugs in developed countries is expected to be a major challenge for the manufacturers. Meanwhile, the Asia Pacific region is expected to witness a robust growth in the forecast period owing to the growing digitisation and the increasing penetration of e-commerce industry in the region.
Moreover, with the outbreak of the COVID-19 pandemic, the sales of pharmaceuticals and healthcare products through online platforms and mobile apps have significantly increased. This is expected to have a positive influence on the epharmacy industry globally.
ePharmacy: Industry Definition and Segmentation
An epharmacy is an online pharmacy or a platform that operates over the internet and allows users to order or purchase the medicines without physically visiting any medical store. These orders are delivered at customer’s place via mail. The option to place an online order and the easy access to healthcare products with timely delivery have resulted in increased consumer satisfaction, thus, increasing the demand for epharmacies globally.
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Based on type, the market is divided into:
- Over-The-Counter Products
- Prescription Medicine
On the basis of operating platform, the industry can be segmented into:
- Mobile Application
- Website
By business model, the industry can be categorised into:
- Inventory
- Marketplace
- Direct
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Increasing Preference for Online Delivery of Goods, Including Medicines, is Augmenting the Growth of the ePharmacy Industry
The growing consumer preference for doorstep services and online procurement of goods, including healthcare products, is driving the growth of the epharmacy industry globally. The market is being supported by the expansion of the e-commerce industry both in developed and developing countries. Additionally, the ability of epharmacies to offer convenient and hassle-free services at low cost and discounted prices is further contributing to the growth of the market.
With the rapid technological advancements and the increasing startup investments, the market is expected to witness a healthy growth over the forecast period. Moreover, the growing demand for contactless services with the outbreak of the highly contagious novel coronavirus is expected to bode well for the market growth in the coming years.
Key Industry Players in the Global ePharmacy Market
The report gives a detailed analysis of the following key players in the global epharmacy market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- CVS Pharmacy
- Giant Eagle Inc.
- Express Script Holding Company
- OptumRx, Inc.
- Walmart Corporate
- Medlife International Pvt.Ltd.
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global ePharmacy Market Analysis
8.1 Key Industry Highlights
8.2 Global ePharmacy Historical Market (2016-2020)
8.3 Global ePharmacy Market Forecast (2021-2026)
8.4 Global ePharmacy Market by Type
8.4.1 Over-The-Counter Products
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2016-2020)
8.4.1.3 Forecast Trend (2021-2026)
8.4.2 Prescription Medicine
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2016-2020)
8.4.2.3 Forecast Trend (2021-2026)
8.5 Global ePharmacy Market by Operating Platform
8.5.1 Mobile Application
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2016-2020)
8.5.1.3 Forecast Trend (2021-2026)
8.5.2 Website
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2016-2020)
8.5.2.3 Forecast Trend (2021-2026)
8.6 Global ePharmacy Market by Business Model
8.6.1 Inventory
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2016-2020)
8.6.1.3 Forecast Trend (2021-2026)
8.6.2 Marketplace
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2016-2020)
8.6.2.3 Forecast Trend (2021-2026)
8.6.3 Direct
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2016-2020)
8.6.3.3 Forecast Trend (2021-2026)
8.7 Global ePharmacy Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2016-2020)
9.1.2 Forecast Trend (2021-2026)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2016-2020)
9.2.2 Forecast Trend (2021-2026)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2016-2020)
9.3.2 Forecast Trend (2021-2026)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2016-2020)
9.4.2 Forecast Trend (2021-2026)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2016-2020)
9.5.2 Forecast Trend (2021-2026)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 CVS Pharmacy
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Giant Eagle Inc.
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Express Script Holding Company
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 OptumRx, Inc.
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Walmart Corporate
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Medlife International Pvt.Ltd.
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Others
13 Industry Events and Developments
List of Figures and Tables
1. Global ePharmacy Market: Key Industry Highlights, 2016 and 2025
2. Global ePharmacy Historical Market: Breakup by Type (USD Billion), 2016-2020
3. Global ePharmacy Market Forecast: Breakup by Type (USD Billion), 2021-2026
4. Global ePharmacy Historical Market: Breakup by Operating Platform (USD Billion), 2016-2020
5. Global ePharmacy Market Forecast: Breakup by Operating Platform (USD Billion), 2021-2026
6. Global ePharmacy Historical Market: Breakup by Business Model (USD Billion), 2016-2020
7. Global ePharmacy Market Forecast: Breakup by Business Model (USD Billion), 2021-2026
8. Global ePharmacy Historical Market: Breakup by Region (USD Billion), 2016-2020
9. Global ePharmacy Market Forecast: Breakup by Region (USD Billion), 2021-2026
10. North America ePharmacy Historical Market: Breakup by Country (USD Billion), 2016-2020
11. North America ePharmacy Market Forecast: Breakup by Country (USD Billion), 2021-2026
12. Europe ePharmacy Historical Market: Breakup by Country (USD Billion), 2016-2020
13. Europe ePharmacy Market Forecast: Breakup by Country (USD Billion), 2021-2026
14. Asia Pacific ePharmacy Historical Market: Breakup by Country (USD Billion), 2016-2020
15. Asia Pacific ePharmacy Market Forecast: Breakup by Country (USD Billion), 2021-2026
16. Latin America ePharmacy Historical Market: Breakup by Country (USD Billion), 2016-2020
17. Latin America ePharmacy Market Forecast: Breakup by Country (USD Billion), 2021-2026
18. Middle East and Africa ePharmacy Historical Market: Breakup by Country (USD Billion), 2016-2020
19. Middle East and Africa ePharmacy Market Forecast: Breakup by Country (USD Billion), 2021-2026
20. Global ePharmacy Market Structure
Key Questions Answered in the Report
The global epharmacy market is projected to grow at a CAGR of 13% between 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach about USD 131 billion by 2026.
The major drivers of the industry, such as the increasing internet penetration, increasing demand for online services, thriving e-commerce industry, and growing technological advancements are expected to aid the market growth.
The key market trends guiding the growth of the industry include the increasing investments in various startups and the rising demand for contactless services.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with North America accounting for the largest share in the market.
The leading types of epharmacy in the market are over-the-counter products and prescription medicine.
The major operating platforms of epharmacy in the industry are mobile application and website.
The significant business models in the market are inventory, marketplace, and direct.
The major players in the industry are CVS Pharmacy, Giant Eagle Inc., Express Script Holding Company, OptumRx, Inc., Walmart Corporate, and Medlife International Pvt.Ltd., among others.
Analyst Review
The global epharmacy market is being driven by the rising internet penetration. Aided by the growing technological advancements, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 13%. The market is projected to reach USD 131 billion by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By type, the market is bifurcated into over-the-counter products and prescription medicine. Based on operating platform, the industry is divided into mobile application and website. On the basis of business model, the market is segmented into inventory, marketplace, and direct. The major regional markets for epharmacy are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with North America accounting for the largest share of the market. The key players in the above market include CVS Pharmacy, Giant Eagle Inc., Express Script Holding Company, OptumRx, Inc., Walmart Corporate, and Medlife International Pvt.Ltd., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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