Global ePharmacy Market Analysis

Global ePharmacy Market Executive Summary

The Global ePharmacy Market size is expected to expand. The boom in the healthcare sector coupled with high operational costs has created the need to cut operational costs with the implementation of ePharmacy solutions. Ease of purchasing, quality services, availability of a range of medications, and increasing accessibility to the internet have shifted the customer preference towards e-pharmacy platforms. Further, a significant increase in the number of smartphone users is expected to impel the global market as it enables e-pharmacy players to capture a broad range of customer base across developed and developing economies.

Market Size and Key Findings

The Global ePharmacy Market size is at around US $ xx Bn in 2021 and is projected to reach US $ xx Bn in 2030, exhibiting a CAGR of xx% during the forecast period.

Global ePharmacy Market Size (In USD Bn)

(2021-2030F)

Market Dynamics

Market Growth Drivers Analysis

Rising penetration of the internet across the globe, improving digitalization of healthcare services, and an increasing number of tech-savvy consumers are the key factors boosting the market growth. Rising consumer preference for online purchases with an increased focus on convenience is also aiding the growth. The increasing adoption of digital technologies and e-commerce in the healthcare sector is anticipated to propel overall growth.

Market Restraints

The lack of physical evaluation capability. In some cases, physical evaluations can be made and situation analysis can be done very effectively. Some online pharmacies can dispense medicines to patients without requiring a prescription. In such a case, patients can get sick much more severely instead of healing. One of the issues that raise questions about the ePharmacy application is the privacy of personal and financial information.

Competitive Landscape

Key Players

Major players in ePharmacy Market are The Kroger Co.; Walgreen Co.; Giant Eagle, Inc.; Walmart, Inc.; Express Scripts Holding Company; CVS Health; Optum Rx, Inc.; Rowlands Pharmacy; DocMorris (Zur Rose Group AG); Cigna Corporation (Express Scripts Holdings); Amazon.com Inc.; Axelia Solutions (Pharmeasy); Apex Healthcare Berhad (Apex Pharmacy); Apollo Pharmacy; Netmeds