E-Pharmacy Market Share, Size, Growth and Forecast 2021-2026

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

E-Pharmacy Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global e-pharmacy market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 18% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

E-Pharmacy refers to a mail order-based drugstore that primarily operates via an online platform to deliver medicines and other pharma products. It mainly functions through independent internet-only outlets, online branches of brick-and-mortar pharmacies, and outlets promoting pharmacy associations. E-pharmacy aid in delivering orders directly to the customers via mail, online pharmacy web portals, or shipping companies, without involving the distributors' long chain. Furthermore, e-pharmacy web- or app-based applications also provide information related to product descriptions, prescribed dosages, side-effects, etc.

The growing adoption of e-commerce platforms in the pharmaceutical sector is currently driving the market growth. Furthermore, the increasing internet connectivity along with the rising penetration of smart devices is also propelling the market growth. Additionally, the growing geriatric population, who are more prone to chronic ailments that led to muscular impairments, is further catalyzing the adoption of e-pharmacy services for regulated and door-step delivery of medicines, medical devices, personal care products, etc. Apart from this, the hectic consumer work schedules and sedentary lifestyles of the consumers are also bolstering the demand for e-pharmacy for hassle-free purchase of pharma products. Moreover, the growing number of mobile-based software applications supported by numerous in-app benefits, such as discounted offers, customized purchases, express delivery, etc., is further contributing to market growth across the globe. With the sudden outbreak of the COVID-19 pandemic, there is a gradual shift from brick-and-mortar drugstores towards e-pharmacy platforms to mitigate the risk of coronavirus infection upon human interaction. In the coming years, the rising integration of numerous innovative technologies, such as artificial intelligence (AI), health information technology (HIT), predictive analytics, etc., with e-pharmacy solutions will continue to drive the global market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global e-pharmacy market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, drug type, product type, plateform and payment method.

Breakup by Drug Type:

Over the Counter (OTC) Drugs
Prescription Drugs

Breakup by Product Type:

Skin Care
Dental
Cold and Flu
Vitamins
Weight Loss
Others

Breakup by Platform:

App-Based
Web-Based

Breakup by Payment Method:

Cash on Delivery
Online Payment

Breakup by Region:

North America
- United States
- Canada
Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa
- Turkey
- Saudi Arabia
- Others

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being CVS Health Corporation, DocMorris (Zur Rose Group AG), Express Scripts Holding Company (Cigna Corporation), Giant Eagle Inc., Lloyds Pharmacy Ltd (McKesson Corporation), Optumrx, Inc. (Unitedhealth Group Incorporated), Rowland Pharmacy, The Kroger Co, Walgreen Co (Walgreens Boots Alliance, Inc.) and Walmart Inc.

Key Questions Answered in This Report:

How has the global e-pharmacy market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global e-pharmacy market?
What are the key regional markets?
What is the breakup of the market based on the drug type?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the platform?
What is the breakup of the market based on the payment method?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global e-pharmacy market and who are the key players?
What is the degree of competition in the industry?