What is the global market size of E-pharmacy Market?

E-pharmacy Market size was valued at USD 52 billion in 2021 and is poised to grow from USD 62.14 billion in 2022 to USD 308.8 billion by 2030, growing at a CAGR of 19.5% in the forecast period (2023-2030).

E-pharmacy Market Size, Share, Growth Analysis, By Drug(Prescription Drugs, Over-the-Counter (OTC)), By Product Type(Skin Care, Dental, Cold, Flu), By Region - Industry Forecast 2025-2032

Report ID: SQMIG35C2003 | Region: Global | Published Date: February, 2024
Pages: 165 | Tables: 66 | Figures: 75

E-pharmacy Market Insights

E-pharmacy Market size was valued at USD 62.14 Billion in 2023 and is poised to grow from USD 74.26 Billion in 2024 to USD 369.02 Billion by 2032, growing at a CAGR of 19.5% during the forecast period (2025-2032).

The growth of the Online Pharmacy Market has been largely supported by a rise in R&D expenditures globally; however, the current COVID-19 outbreak and economic slump have affected the whole market statistics of numerous industries globally. As a precaution, people throughout the world began taking vitamin and mineral supplements.

In an attempt to stem the fast spread of the COVID-19 virus, governments throughout the world used harsh measures such as lockdowns, border closures, and the introduction of strict social distancing rules. These decisions had a tremendous influence on the global economy, leading many industries to suffer. The influence of COVID-19 on market demand is considered when analysing present and forecast market sizes and growth patterns for all regions and countries.

US E-Pharmacy Market is poised to grow at a sustainable CAGR for the next forecast year.

E-pharmacy Market Report Snapshots

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E-pharmacy Market size was valued at USD 52 billion in 2022 and is poised to grow from USD 62.14 billion in 2023 to USD 308.8 billion by 2031, growing at a CAGR of 19.5% in the forecast period (2024-2031).

The e-pharmacy business is relatively competitive, with only a few firms now ruling the roost. CVS Health Corporation, Albertsons Companies Inc., ALTO, and Axelia Solutions (Pharmeasy) are among the market's leading players. These firms are implementing different marketing methods in order to capture a larger portion of the e-pharmacy market, as well as focusing on growing their geographic presence, particularly in developing countries with attractive potential. 'DocMorris', 'Medlife International Pvt. Ltd.', 'Walmart stores', 'CVS Health Corporation', 'Walgreen Co. (Walgreens Boots Alliance, Inc.)', 'Rite Aid Corporation', 'Amazon.com, Inc.', 'The Kroger Co.', 'Rowlands Pharmacy', 'Netmeds Marketplace Limited', '1mg Technologies Private Limited', 'Walgreens Boots Alliance, Inc.', 'Chemist Warehouse Group', 'Apollo Pharmacy', 'LloydsPharmacy Limited', 'Zur Rose Group AG', 'Walgreens Boots Alliance, Inc.', 'SHOP APOTHEKE EUROPE N.V.', 'SANICARE Group', 'Phoenix Group Holdings'

E-pharmacy market is growing in demand as it provides customers to purchase pharmaceuticals from authorized distributors and well organized e-commerce platforms. This service mitigates the issues of buying poor and counterfeit products from illegal distributors.

One of the main trends that is driving the market is the increased demand and adoption of telemedicine. Individuals who have an affinity to IT are the ones who use telemedicine. With the help of this there is more transparency, awareness and access to several health care providers. This is one reason which is supporting the growth of the market.

In terms of revenue generation, the online pharmacy sector in North America is the most profitable. Because of the ease with which a broad variety of drugs may be bought, rising internet penetration is one of the region's development drivers, resulting in quick acceptance of new technologies as well as a need for digital health platforms. The presence of local online pharmacy providers as well as large industry players in the region will also contribute to market expansion.

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E-pharmacy Market Size, Share, Growth Analysis, By Drug(Prescription Drugs, Over-the-Counter (OTC)), By Product Type(Skin Care, Dental, Cold, Flu), By Region - Industry Forecast 2025-2032

E-pharmacy Market Insights

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