ePharmacy Market is valued at USD 52.37 Billion in 2021 and expected to reach USD 161.94 Billion by 2028 with the CAGR of 17.50% over the forecast period.
ePharmacy Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2022-2028. Increasing adoption of pets and improving animal healthcare facilities are key drivers for Global ePharmacy Market.
ePharmacy is intermediate between consumer and seller for selling medicine. It is an online platform also called as Internet pharmacy and mail order pharmacy. For patients ePharmacies has become a convenient option because they do not need to be physically present at a store to buy required medicines. Ecommerce companies are exploring new strategies to serve their consumers in a much better and efficient way.
The regions covered in this ePharmacy Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of ePharmacy is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Global ePharmacy market report covers prominent players like -
According to ePharmacy market, Ecommerce companies are discovering new strategies to serve their consumers in a much better and efficient way. A huge discount from Ecommerce companies has attracted consumers to shop a lot more than required. Opportuneness and easy user interface attracts consumers to make an online purchase. With the ease of shopping online through mobile phones, growth in the smartphone industry will drive the growth of ePharmacy. Convenience, cost effective, Accessibility, Generic Medicines, authenticity, assistance, affordability, discreteness, availability, access these are some feature and due to them market is growing. Can provide spurious drugs that are fake or copycat products that can be difficult to identify. A person can’t talk to a pharmacist to get advice about side effects or drug interactions’
ePharmacy is all about drug distribution and for distribution mail and parcel post are help.in these sometimes concern for temperature-sensitive pharmaceuticals. sometimes send outdated, substituted drug in illegal pharmacies. children can order controlled substances without adult supervision. These are some restrain in ePharmacy market. Nonetheless, ePharmacy market increasing acceptance of online retail, offered by ePharmacies, drug delivery on the remote location and side-effects of medicinal drugs on online portals. receive government support. efforts by government bodies for regulatory agreements and ethical practices in the ePharmacy sector across a number of high potential regional markets will serve to open profitable opportunities for companies in the global ePharmacy market may generate new opportunities in forecast period.
North America dominates the market with highest market share due to increasing penetration of high-speed internet and the consumer shift towards an online purchase of medicines. High adoption of ecommerce, increase in online orders, and growth in elderly population are some of the key factors that contribute to the large share of the market. Europe is the second largest market for ePharmacy.
Asia Pacific ePharmacy Market is witnessed with strong growth rate majorly due increasing adoption of online retail. Large population base of these countries along with the high medical needs are some of the challenges faced by the healthcare sector in these regions. With increase in government initiatives and investments for improving the healthcare infrastructure, the market in the Asia Pacific region is anticipated to grow at a faster pace in the near future.
The epharmacy companies have adopted strategies of mergers and acquisitions, extensive research and development investments and other partnerships to grow in the market.
The company was founded in 1963 and is headquartered in Woonsocket, Rhode Island. CVS Health Corp. engages in the provision of health care services. The company was rebranded as CVS Health in 2014, and its health-focused business includes pharmacy services, retail, in-store health clinics, and its own Digital Innovation Lab aimed at creating smart devices and apps to improve healthcare. CVS Health Corporation is an integrated pharmacy health care provider. CVS Health is community-based and locally focused, engaging consumers with the care they need when and anywhere they need it. Lab aimed at generating smart devices and apps to more secure healthcare.
1.CVS Health Announces Aggressive New Plans to Combat the Significant Rise in E-Cigarette Use Among Youth
2.CVS Pharmacy Completes Rollout of Time Delay Safes in All of Its Michigan Pharmacies
Walgreen Company provides online medical products. The Company sells prescription refills, health info, contact lenses, and other products. Walgreen serves customers in the United States. Walgreen Co. acquired Switzerland-based Alliance Boots to form Walgreens Boots Alliance in 2014. In 2017 Walgreen Co. is one of the biggest drugstore chains in the US, operating some 9,600 mostly freestanding Walgreens stores in all 50 US states, the District of Columbia, the Virgin Islands, and Puerto Rico. The Retail Pharmacy USA segment of Walgreens Boots Alliance, mostly Walgreen Co., reported 2018 revenue of $98.4 billion, up 13% from the prior year. Walgreen Co. is the US subsidiary and leading brand of Walgreens Boots Alliance, a pharmacy retailer with more than 18,000 stores in about a dozen countries.
1. Walgreens Resumes Immunization Services With New Safety Measures
2. Walgreens Supports Local Chicago Community Organizations with Donations to My Block, My Hood, My City, and The Chicago Urban League.
Pharmacy2u Ltd was founded in 1999. The company's line of business includes the retail sale of prescription drugs, proprietary drugs, and non-prescription medicines. As the UK’s first internet pharmacy, established in 1999, Pharmacy2U has played a pioneering role in bringing about these changes and in shaping the health agenda. It allows prescriptions, over the counter medicines and personal care products to be delivered directly to your doorstep without having to leave the comfort of your own home – and many at prices lower than the high street. Like traditional pharmacies, Pharmacy2U can offer patients expert advice. Pharmacy2U is also registered with the Care Quality Commission. Increasing demand for its services has made Pharmacy2U one of the UK’s fastest growing companies. Changes in the health agenda mean it is destined to play an even greater role in the delivery of healthcare services in the future.
1. Pharmacy2U ranked in the Sunday Times Tech Track 100
2. Pharmacy2U Selects RingCentral for Innovative Omnichannel Communications.
Express Scripts Holding Company is a pharmacy benefit management (PBM) organization.Express Scripts Holding knows that its customers like their medicine delivered quickly. The company administers more than 1.4 billion prescription drug benefits of 83 million health plan members in the US and Canada. Members have access to a network of more than 68,000 retail pharmacies, as well as the company's own mail-order pharmacies. On behalf of its insurer clients, Express Scripts processes claims for prescriptions designs drug benefit plans and offers such services as specialty drug delivery, disease management programs, and consumer drug data analysis. Health insurance giant Cigna bought Express Scripts for $54 billion in late 2018.
1. Cigna And Express Scripts Partner with Buoy Health To Offer Digital COVID-19 Screening Tools
2. America’s State of Mind: Use of Mental Health Medications Increasing with Spread of Coronavirus
OptumRx is a pharmacy care services company that creates smarter health care connections to help more than 65 million. OptumRx is the only company that can offer a completely synchronized pharmacy care experience, combining comprehensive member engagement with unparalleled health data and analytics.
OptumRx'S advantage is the ability to manage specialty pharmacy across both medical and pharmacy benefits. They specialized teams, distribution channels, training, clinical programs, and outcomes to make a measurable impact on the lives of customers. Utilizing this non-traditional approach, they have achieved statistically significant lower gaps in therapy.
1. Optum, Wider Circle and Helping Hands Community Partner to Deliver Free, Fresh Food to Vulnerable People in Los Angeles County During COVID-19 Pandemic.
2. Optum Offers Free Online Wellness Program to Help Older Adults Stay Healthy and Active During COVID-19 Pandemic
|Historical data||2015 - 2020|
|Forecast Period||2021 - 2027|
|Market Size in 2021:||USD 52.37 Billion|
|Base year considered||2020|
|Forecast Period CAGR %:||17.50%|
|Market Size Expected in 2028:||USD 161.94 Billion|
|Tables, Charts & Figures:||175|
|Key Players/Companies||Walgreen Co., CVS Health, Walmart Inc., The Kroger Co., Giant Eagle, Inc., Express Scripts Holding Company., Rowlands Pharmacy, Optum Rx, Inc., Banner Health, Chemist Direct, Healthxchange Pharmacy, LloydsPharmacy, MedExpress, Netmeds, PharmEasy, 1Mg, Well Pharmacy|
|Segments Covered||By Drug Type, By Product Type|
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|
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