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

Global Online Pharmacy Market Share Estimated to Reach USD 210.35 Billion by 2028

02-Jun-2021 | Facts and Factors

The global online pharmacy market was registered at about USD 69.25 Billion in 2020 and is projected to generate revenues worth about USD 210.35 Billion by the end of 2028, increasing at a healthy CAGR of around 17.83% between 2021 and 2028, according to the Facts and Factors study report.

An online pharmacy is a web-based vendor that sells drugs. It includes both legitimate and illegal pharmacies. Independent Internet-only pharmacies, online branches of "brick-and-mortar" pharmacies, and sites that represent pharmacy partnerships are all included in the phrase "online pharmacies." E-commerce has increased in recent years, particularly online purchasing, and this includes the sale of both prescription and non-prescription drugs. The concept of online pharmacies and online medicine sales has been widespread around the world for more than two decades. The demand for online pharmacies has risen dramatically in recent years, and the trend is expected to continue during the projected period.

Request Sample Request Customization Buy Now

Top Market Players

Major players in the online pharmacy market are The Kroger Co., Wal-Mart Stores, Inc., Walgreen Co., Express Scripts Holding Company, CVS Health, Giant Eagle, Inc., Rowlands Pharmacy, DocMorris (Zur Rose Group AG), and OptumRx, Inc., Netmeds Marketplace Ltd., DocMorris, Express Scripts, and Medlife International Pvt. Ltd among others

Wide Adoption of E-Commerce Platform across the World

People are choosing internet pharmacies because of appealing features including lower prices, easier drug availability, and home delivery possibilities. Consumers are no longer required to buy medications through pharmacies. Furthermore, as information technology becomes more generally implemented in the healthcare industry, practitioners will be able to electronically submit prescriptions, supporting market growth. The world's population is adapting to online pharmacies, thanks to a rapidly expanding number of smartphone users, improved digital infrastructure, and online payment choices.

The constant rise in healthcare costs in emerging nations indicates a growing need to minimize expenses. The ever-increasing demand for healthcare products and services makes it difficult for offline retailers to meet the growing demand demographically, presenting a huge opportunity for online health retailers to cater to a large consumer base. The rising prevalence of chronic diseases is driving up demand for a variety of drugs and healthcare products. People are turning to online pharmacies because of attractive offers such as price reductions, ease of drug availability, and home delivery services. Consumers are no longer required to purchase medicines from pharmacies. In addition, as information technology becomes more widely adopted in the healthcare sector, clinicians will be able to send prescriptions electronically, boosting the market growth.

 COVID-19 Impact on the Global Online Pharmacy Market

Covid-19 pandemic has been a boon for the global online pharmacy market. Customers turned up massively and started showing great interest in online purchases of medicines. The citizens around the world had resorted to taking precautionary vitamin and mineral supplements via medicine. The pandemic forced lockdown made movement difficult for the people and online medicines purchased a significant surge. Also, the restrictions owing to the pandemic have resulted in companies and consumers preferring contactless delivery. This has become the new normal in the pandemic and the trend is expected to continue throughout the forecast period, even after the pandemic

North America Region Dominates the Global Online Pharmacy Market

North America hunks the major market share in the global online pharmacy industry in 2020 and is predicted to grow at a strong CAGR through 2028. Due to the ease with which a wide range of pharmaceuticals may be accessible, the region's growth drivers are increasing internet penetration, which has led to the rapid acceptance of new technologies, as well as demand for digital health platforms. Furthermore, the presence of local online pharmacy players, as well as major industry players, in the region will expand the market.

The Asia Pacific is expected to grow at the fastest pace over the forecasted period, owing to the availability of a large patient pool and an increase in the target population. Emerging economies like China and India have plenty of opportunities to expand. In addition, the Asia-Pacific region would house almost 66 percent of the world's elderly population.  An increase in diabetes incidence, rising per capita income, and government efforts to improve healthcare quality are all contributing to the Asia-Pacific region's rapid rise. China, India, and Australia are promising e-Pharmacy markets because of their aging populations. In India, In August 2020, MedLife and PharmEasy announced their merger, where MedLife will be selling off their operations to PharmEasy for an almost 20% stake in the latter. This merger will offer business expansion opportunities to the firm in emerging economies.

Browse the full “Online Pharmacy Market By Product Type (Skin Care, Dental, Cold and Flu, Vitamins, Weight Loss, and Others), By Platform Type (Mobile Users, and Desktop Users), By Drug Type (OTC Medicines, and Prescription Medicines): Global & Regional Industry Perspective, Comprehensive Analysis, and Forecasts, 2021 – 2028” report at https://www.fnfresearch.com/online-pharmacy-market.

The global online pharmacy market is segmented as follows:

By Product Type:

  • Skin Care
  • Dental
  • Cold and Flu
  • Vitamins
  • Weight Loss
  • Others

By Platform Type:

  • Mobile Users
  • Desktop Users

By Drug Type:

  • OTC Medicines
  • Prescription Medicines

By Region:

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • 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 & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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

Dental Insurance Market Report , 2021-2027

The global dental insurance market was worth about 153.10 (USD billion) in 2019 and is predicted to grow to around 236.88 (USD billion) by 2027, with a compound annual growth rate (CAGR) of around 10.65 percent. The report examines the dental insurance markets drivers and restraints, as well as the

Published Date : 25-Jan-2022 | | Category : Dental | Pages : 187 | Format : Read more

Inquiry for Buying Request Sample
report img

Urinary Tract Infection Therapeutics Market Report , 2021-2027

[215+ Pages Research Report] According to Facts and factors, The global Urinary Tract Infection Therapeutics Market was worth about USD 8,935 million in 2020 and is predicted to grow to around USD 11,652 million by 2027, with a compound annual growth rate (CAGR) of around 4.56%. The research includ

Published Date : 24-Jan-2022 | | Category : Healthcare | Pages : 215 | Format : Read more

Inquiry for Buying Request Sample
report img

ICT Investment in Government Market Report , 2021 – 2026

[179+ Pages Research Report] As per the Facts and Factors market research report, the global ICT investment in government market is expected to reach USD 695.32 billion by 2026 from USD 484.6 Billion in 2020, and grow at a CAGR of around 6.2% during the forecast period. Global ICT Investment in Gov

Published Date : 21-Jan-2022 | | Category : Technology & Media | Pages : 179 | Format : Read more

Inquiry for Buying Request Sample
report img

Urban Planning Software and Services Market Report , 2020 – 2026

As per the report published by Facts and Factors, the global demand for the urban planning software and services market was valued at approximately USD 141.37 billion in 2020 and is anticipated to register a CAGR growth of around 4.2% between 2021 and 2026. Global Urban Planning Software and Servic

Published Date : 21-Jan-2022 | | Category : Software and Services | Pages : 180 | Format : Read more

Inquiry for Buying Request Sample
report img

Orthokeratology Market Report , 2021 – 2026

According to the report published by the Facts Factors, global demand for the orthokeratology market was estimated at approximately USD 2,100.4 Million in 2020 and is expected to generate revenue of around USD 3,510.4 Million by the end of 2026, growing at a CAGR of around 6.1% between 2021 and 202

Published Date : 20-Jan-2022 | | Category : Healthcare | Pages : 171 | 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