NEW YORK, Nov. 3, 2023 /PRNewswire/ -- The ePharmacy Market is estimated to grow by USD 118.73 billion, accelerating at a CAGR of 20.47% during the forecast period. The epharmacy market is concentrated owing to the presence of many global and regional companies. A few prominent companies that offer epharmacy market are Axelia Solutions Pvt. Ltd., CVS Health Corp., Evernorth Health Inc., Giant Eagle Inc., Reliance Industries Ltd., Kroger Co., UnitedHealth Group Inc., Walgreens Boots Alliance Inc., Walmart Inc., and Zur Rose Group AG. The report provides a full list of key companies, their strategies, and the latest developments. Download Free Sample before buying
ePharmacy Market 2024 – 2028: Company Offering:
- Axelia Solutions Pvt. Ltd.: The company deals in online pharmacy and medical stores offering pharmaceutical and healthcare products under its brand name "Pharmeasy".
- For details on companies and their offerings – Buy report
ePharmacy Market 2024 – 2028: Regional Analysis
North America is set to contribute significantly (36%) to the global market's growth. Key drivers in the regional E-pharmacy market are the United States, Canada, and Mexico, benefiting from strong awareness and affordability of e-pharmacy services. The aging population and the shift towards home care treatment due to high healthcare costs in hospitals are boosting online medicine procurement. The rise in smartphone adoption and internet accessibility further supports the E-pharmacy market's growth in North America.
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- Impactful driver- Availability of high-end internet services
- Key Trend - Growing acceptance of ePharmacy services in newly regulated European states
- Major Challenges - Difficulty in retaining the loyalty of online customers
ePharmacy Market 2024 – 2028: Market Segmentation
The market is segmented by type (prescription drugs and over-the-counter drugs), product type (medications, HW and N, and personal care and essentials), and geography (North America, Europe, APAC, South America, and Middle East and Africa).
The prescription drugs segment is expected to experience substantial growth during the forecast period. ePharmacies, which are online pharmacies, offer prescription drug delivery services through methods like mailing and third-party shipping providers. Customers can conveniently purchase prescription medications through a variety of online channels, including the manufacturer's own platforms such as websites, mobile apps, and e-commerce platforms.
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Related Reports:
Robotic Pharmacy Prescription Dispensing Systems Market: The robotic pharmacy prescription dispensing systems market share is expected to increase by USD 1.53 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 8.66%.
Compounding Pharmacy Market: The compounding pharmacy market size is estimated to grow at a CAGR of 2.18% between 2022 and 2027. The market size is forecast to increase by USD 1,682.04 million.
EPharmacy Market Scope |
|
Report Coverage |
Details |
Historic period |
2018-2022 |
Growth momentum & CAGR |
Accelerate at a CAGR of 20.47% |
YoY growth 2022-2023 (%) |
18.95 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Key countries |
US, China, Japan, Germany, and France |
TOC:
- Executive Summary
- Market Landscape
- Market Sizing
- Historic Market Size
- Five Forces Analysis
- Market Segmentation by Type
- Market Segmentation by Product Type
- Market Segmentation by Geography
- Customer Landscape
- Geographic Landscape
- Drivers, Challenges, and Trends
- Vendor Landscape
- Vendor Analysis
- Appendix
About US
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SOURCE Technavio
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