E-pharmacy Market Opportunities 2023-2030 | CVS Health, Doc Morris, Express Scripts Holding
According to HTF Market Intelligence, the Global E-pharmacy market to witness a CAGR of 19.5% during forecast period of 2023-2028. The market is segmented by Global E-pharmacy Market Breakdown by Application (Prescription drug, Over-the-counter (OTC)drugs, Surgical products, Cosmetic products, Other General products, Consultation and diagnostic services) by Type (Digital-only stores, Brick-and-Mortar (Offline)pharmacy.) by Product Type (Medications, Health, Wellness, & Nutrition, Personal Care & Essentials) by Platform (App-Based, Web-Based) and by Geography (North America, South America, Europe, Asia Pacific, MEA). The E-pharmacy market size is estimated to increase by USD 8 Million at a CAGR of 19.5% from 2023 to 2028. The report includes historic market data from 2017 to 2022E. Currently, market value is pegged at USD 52.0 Million.
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Definition:
The e-pharmacy market refers to the online sales of prescription drugs, over-the-counter medicines, and other healthcare products through digital platforms or electronic channels. E-pharmacies allow consumers to purchase medicines and healthcare products from the comfort of their homes, making it a convenient option for people who have difficulty visiting physical pharmacies. E-pharmacies typically offer a wide range of products at competitive prices and provide delivery services, making it easier for people to access medicines and healthcare products, especially in remote or underserved areas. The e-pharmacy market has seen significant growth in recent years due to the increasing adoption of digital technologies and the growing demand for online shopping.
E-pharmacy market – Key Segment Analysis
The market share growth by the Digital-only stores segment will be significant during the forecast period. The segment is driven by the Rising Penetration of E-Commerce.
E-pharmacy market – Competition Analysis
The global E-pharmacy market is seeing several joint ventures to intensify the capability of manufacturers and/or companies to establish geographic footprints to new territory. The vendors are accelerating M&A strategies to expand their geographical reach, which is shaping the market toward new growth cycle. The list of players that are profiled in the study are CVS Health Corporation (United States), Doc Morris (Ireland), Express Scripts Holding Company (United States), Walgreen Co. (United States), Optum Rx, Inc. (United States), Giant Eagle Inc. (United States), Rowland Pharmacy (United Kingdom), The Korger Co (United States).
E-pharmacy market – Geographical Outlook
Asia Pacific will provide maximum growth opportunities in E-pharmacy market. According to our research, the region will account for xx% of the global market growth during the forecast period. The market in Asia Pacific is driven by The growth of the Internet has given rise to various technology-driven models, to access and serve consumers in a fast-paced and most efficient way. One of the progressive technology models that have evolved in the last few years is telemedicine and E-Pharmacy which is likely to bridge the gap by providing easy and affordable access of medicines to the consumer at their doorstep at a mere finger click..
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What key data is demonstrated in this E-pharmacy market report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the E-pharmacy market between 2023 and 2028
- Precise estimation of the size of the E-pharmacy market and its contribution to the parent market
- Accurate predictions about upcoming trends and changes in consumer behaviour
- Value in dollar term and growth of the market industry across APAC, Europe, North America, South America, and Middle Eastand Africa; further broken down by major country within region.
- Thorough analysis of the market’s competitive landscape and detailed information about vendors
- Comprehensive analysis of factors that will challenge the growth of E-pharmacy market players
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Some Extracts from Table of Content
Some Extracts from Table of Content
– Overview of E-pharmacy Market
– Market dynamics
Growth Drivers, Market Trends, Opportunities and Challenges
– Five Forces Analysis
Bargaining power of buyers, bargaining power of suppliers, Threat of new entrants, Threat of substitutes, Threat of rivalry
– E-pharmacy Size (USD & Sales Volume) Comparison by Type (2017-2028)
– E-pharmacy Size (USD & Consumption) and Market Share Comparison by Application (2017-2028)
– E-pharmacy Size (Value & Volume) Comparison by Region (2017-2028)
– Market Capacity, Production, Export-Import by Region (2017-2022E)
– E-pharmacy Market Sales, Revenue and Growth Rate (2017-2028)
– Competitive Situation and Trends
– Market Positioning and Share Analysis (2020-2022E)
– Suppliers High-Performance Operational Base Distribution
– Analyse competitors, Profiles, Sales Area, Product Category
– E-pharmacy Cost Analysis
– Marketing Strategy Analysis
– Research Conclusions
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