Global E-Pharma Market, By Application (Hospitals, Personal Use, Government Research), Type (Pharmacy Benefit Manager, Legitimate Internet Pharmacy, Illegal or Unethical Internet Pharmacy), Product Types (Generic, Branded) – Industry Trends and Forecast to 2029.
E-Pharma Market Analysis and Size
In general, there are three types of e-pharmacies available on the market, organized e-pharmacies, non-organized e-pharmacies, and e-pharmacies used for illegal international commerce. The general public benefits from e-pharmacy in a number of ways, including customer convenience, access, education, data records, and medicine legitimacy.
Data Bridge Market Research analyses that the e-pharma market which was USD 42768.85 million in 2021, would rocket up to USD 180734.73 million by 2029, and is expected to undergo a CAGR of 19.74% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
E-Pharma Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Application (Hospitals, Personal Use, Government Research), Type (Pharmacy Benefit Manager, Legitimate Internet Pharmacy, Illegal or Unethical Internet Pharmacy), Product Types (Generic, Branded)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Boehringer Ingelheim International GmbH (Germany), AbbVie Inc (U.S.), Aurobindo Pharma (India), Pfizer Inc. (U.S.), Walmart Inc. (U.S.), Walgreen Co. (U.S.), Express Scripts (U.S.), The Kroger Co. (U.S.), L Rowland & Co (U.K.), DocMorris (Germany), Giant Eagle, Inc. (U.S.), OptumRx, Inc. (U.S.), CVS Health (U.S.), Merck & Co., Inc. (U.S.) and Thermo Fisher Scientific Inc. (U.S.)
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Market Opportunities
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Market Definition
The definition of the "e-Pharma market" is the mode of exchange between pharmacies and pharmaceutical firms. One of the most recent inventions that has emerged as the most practical means to order medications is the e-pharma industry.
E-Pharma Market Dynamics
Drivers
- Increasing government initiatives
Rising emerging technologies like artificial intelligence (AI) and machine learning (ML) help in ensuring customer satisfaction by recommendation engines, increasing internet penetration due to cheap data rate, rising government initiatives, changing regulations, increasing internet penetration in urban as well as rural areas, and rising prevalence for e-prescriptions are all key factors escalating the market growth.
- Rising research and development activities
Additionally, rising emerging markets with an increasing geriatric population base, rising research and development activities in the healthcare sector, and rising technological advancements and modernization in the healthcare sector will further create new opportunities for the E-pharma market in the anticipated period of 2022–2029.
- Rise in the geriatric population
The rising prevalence rates of lifestyle disorders like as diabetes and obesity, rising health-care spending, and the fast-growing diagnostic industry are driving the worldwide e-pharma market expansion. In addition, the growing elderly population, increased demand for laboratory automation, and more awareness of preventative healthcare are all driving the E-pharma market forward.
Opportunities
The pharmaceutical industry's expanding use of e-commerce platforms is now fuelling market expansion. Additionally, the market expansion is being fuelled by expanding internet connectivity and the widespread use of smart gadgets.
Restraints/Challenges
However, the market would be constrained by an increase in illicit online pharmacies and the availability of bogus medications online, which will further hinder the growth of the e-pharma industry throughout the forecast period.
This e-pharma market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the e-pharma market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on E-Pharma Market
Additionally, an increasing variety of in-app features, like special discounts, personalised purchases, expedited delivery, etc., are supporting the global market expansion. As a result of the rapid COVID-19 epidemic, brick-and-mortar pharmacies are gradually giving way to online pharmacy platforms in an effort to reduce the danger of coronavirus infection through human contact. Predictive analytics, artificial intelligence (AI), health information technology (HIT), and other cutting-edge technologies will increasingly be combined with e-pharmacy solutions to drive the global market in the years to come.
Global E-Pharma Market Scope
The e-pharma market is segmented on the basis of product type, application and type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Application
- Hospitals
- Personal Use
- Government Research
Type
- Pharmacy Benefit Manager
- Legitimate Internet Pharmacy
- Illegal or Unethical Internet Pharmacy
Product Types
- Generic
- Branded
E-Pharma Market Regional Analysis/Insights
The e-pharma market is analysed and market size insights and trends are provided by country, product type, application and type as referenced above.
The countries covered in the e-pharma market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the e-pharma market due to rise in the number of patients due to unhealthy lifestyle, rising government initiatives, changing regulations, and increasing internet penetration in urban as well as rural areas in this region.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 due to rising aging population and rising government initiatives in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and E-Pharma Market Share Analysis
The e-pharma market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to e-pharma market.
Some of the major players operating in the e-pharma market are:
- Boehringer Ingelheim International GmbH (Germany)
- AbbVie Inc (U.S.)
- Aurobindo Pharma (India)
- Pfizer Inc. (U.S.)
- Walmart Inc. (U.S.)
- Walgreen Co. (U.S.)
- Express Scripts (U.S.)
- The Kroger Co. (U.S.)
- L Rowland & Co (U.K.)
- DocMorris (Germany)
- Giant Eagle, Inc. (U.S.)
- OptumRx, Inc. (U.S.)
- CVS Health (U.S.)
- Merck & Co., Inc. (U.S.)
- Thermo Fisher Scientific Inc. (U.S.)
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