ePharmacy Market size to grow by USD 118.73 billion from 2023 to 2028 | Market is concentrated due to the presence of prominent companies like Axelia Solutions Pvt. Ltd., CVS Health Corp. and Evernorth Health Inc., and many more – Technavio

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 servicesKey Trend – Growing acceptance of ePharmacy services in newly regulated European statesMajor 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.

TOC:

Executive SummaryMarket LandscapeMarket SizingHistoric Market SizeFive Forces AnalysisMarket Segmentation by TypeMarket Segmentation by Product TypeMarket Segmentation by GeographyCustomer LandscapeGeographic LandscapeDrivers, Challenges, and TrendsVendor LandscapeVendor AnalysisAppendix

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SOURCE Technavio