USA: +1 347 690-0211 | UK: +44 2032 894158 | JAPAN: +81 50 5806 9039 | Translate : 

Global ePharmacy Market Projected to Reach USD 111.10 Billion By 2026

23-Jun-2021 | Facts and Factors

As per a recently issued market research report by Facts & Factors, the global ePharmacy market was about USD 51.20 Billion in 2020, with sales value projected to hit around USD 111.10 Billion by the end of 2026 and is expected to register an excellent 15.10% CAGR from 2021 to 2026.

ePharmacy or Internet pharmacy refers to the act of distributing medicine through the Internet and distributing them directly to the doorstep of the consumer. For prescription of medicines over the Internet, rules regulate that you need to be a licensed pharmacist. Due to the ease of business and higher profit margins, a rising number of traditional pharmacy practices are now shifting toward the ePharmacy business. The driving factors behind the significant rise of the ePharmacy market are the rising penetration of e-commerce coupled with the increased efficiency of ePharmacies. Additionally, the increased ability of the old age population and consumers suffering from chronic disorders will further cater to a large number of consumers for the global ePharmacy market.

Request Sample Request Customization Buy Now

Rising consumer awareness, increasing millennial population, the rise of startups, and integration of advanced technological feats such as AI and ML will further boost the growth of the global ePharmacy market during the forecast period. Increasing regulation regarding consumer safety and stringent regulation will further open new revenue opportunities for the global ePharmacy market during the forecast. The rising number of Internet users increased access to web-based services, and the rising e-prescription requests from hospitals and other healthcare infrastructure will boost the growth of the market to a great extent.

Top Market Players

The key participants in the global ePharmacy market are DocMorris, CVS Health Corporation, Express Script Holding Company, Walgreen Co., Optum Rx, Inc., Giant Eagle, Inc., Walmart Stores, Inc., Rowland Pharmacy, and The Kroger Co., among others.

Market Dynamics

The following developments are expected to change the dynamics of the global ePharmacy market during the forecast:

  • Meds, a Swedish online pharmacy firm grabbed funding of $5.5 Million in order to expand their franchise into Europe. This initial round of funding is expected to increase the consumer base and increase the focus of the firm towards a new region.
  • Rite Aid Corp recently acquired Envision Rx Options that specializes in mail-order pharmacies that include a wider range of prescription services. The following acquisition has allowed Rite Aid Corp to begin its transition to prescription medicine.

The global ePharmacy market can be divided into over-the-counter products and prescription medicine on the basis of drug type. The over-the-counter segment is expected to witness the largest market share during the advent of the forecast while the latter is expected to witness the fastest growing CAGR. Factors responsible for the dominant position of the segment are the increasing trend of self-medication and increased cost-saving measures among others.

The global ePharmacy market can be fragmented into skincare, dental, cold & flu, vitamins, weight loss, and other product types on the basis of application.

North America Is Expected To Witness The Largest Market Share During The Forecast Period

North America is expected to witness the largest market share during the advent of the forecast while the region of Asia-Pacific is expected to register the fastest growing CAGR. Factors responsible for the dominant position in the region are increased trust of consumers on the doorstep deliveries for a wider range of consumables and rising healthcare costs. These factors will increase the number of consumers changing from traditional pharmacy practices to the latter.

Browse in full “ePharmacy Market: By Drug Type (Over-the-Counter Products & Prescription Medicine), By Product (Skin Care, Dental, Cold & Flu, Vitamins, Weight Loss, Other Products), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecasts, 2021 – 2026” report at https://www.fnfresearch.com/epharmacy-market

The global ePharmacy market can be segmented into:

Global ePharmacy Market: By Drug Type Segment Analysis

  • Over-the-Counter Products
  • Prescription Medicine

Global ePharmacy Market: By Product Segment Analysis

  • Skin Care
  • Dental
  • Cold & Flu
  • Vitamins
  • Weight Loss
  • Other Products

Global ePharmacy Market: By Regional Segment Analysis

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • France
    • Germany
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of MEA

About Us:
Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.

Contact Us:
Facts & Factors

A 2108, Sargam,
Nanded City,
Sinhagad Road,
Pune 411041, India
USA: +1-347-989-3985
Email: sales@fnfresearch.com


Latest Market Research Reports

report img

Private Hospitals Market Report 2021 – 2026

[197+ Pages Report] According to Facts Factors, the global private hospitals market report clarifies the market analytics and breakdown structure. In this study, the global <a href="https://www.fnfresearch.com/news/global-private-hospitals-m ...

Published Date : 01-Dec-2021 | | Category : Healthcare | Pages : 197 | Format : Read more

Inquiry for Buying Request Sample
report img

Corporate Travel Insurance Market Report 2021 – 2026

[196+ Pages Report] According to Facts Factors, the global corporate travel insurance market report offers a complete market breakdown structure and analytics. These market findings exhibit that the global <a href="https://www.fnfresearch.co ...

Published Date : 23-Nov-2021 | | Category : Consumer Goods | Pages : 196 | Format : Read more

Inquiry for Buying Request Sample

Why FnF Market Research?

1 Inflallible Methodology

to ensure high-level data integrity, accurate analysis, and impeccable forecasts

2 Analyst Support

for complete satisfaction

3 Customization

on-demand customization of scope of the report to exactly meet your needs

4 Targeted Market View

Targeted market view to provide pertinent information and save time of readers

5 Agile Approach

A faster and efficient way to cater to the needs with continuous iteration