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Global Pharma E-Commerce Market – Industry Trends and Forecast to 2029

  • Healthcare
  • Upcoming Report
  • Apr 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60
  • Healthcare
  • Upcoming Report
  • Apr 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Pharma E-Commerce Market, By Product (Prescription Medicine (Rx), Over the Counter (OTC), End User (Direct Sales, Distributors, Online) – Industry Trends and Forecast to 2029.

Pharma E-Commerce Market

Global Pharma E-Commerce Market Analysis and Size

The ease of operation, more digitalization, and an increase in the number of beneficiaries registering under Medicare are all contributing to the expansion. According to Kaiser Family Foundation data released in June 2021, over 26 million people are enrolled in a Medicare Advantage plan, accounting for 42.0 percent of the overall Medicare population. The growing geriatric population is likely to drive market expansion.

  • Data Bridge Market Research analyses that the pharma e-commerce market was valued at USD 1.0 billion in 2021 and is expected to reach USD 4.84 billion by 2029, registering a CAGR of 21.80% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Global Pharma E-Commerce Market Definition

Pharma e-commerce is referred to an online pharmacy which operates on the internet and distributes medicines to consumers through mail and shipping companies. It is also known as online pharmacy, mail-order pharmacy or internet pharmacy. In healthcare sector, telemedicine is among the progressive technologies that has provided a way for people to get access healthcare advice through IT. Similarly, e-pharmacy is another technological innovation that resulted into a problem solver for delivery of contactless medicine especially during pandemic.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2019 - 2014)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Product (Prescription Medicine (Rx), Over the Counter (OTC), End User (Direct Sales, Distributors, Online)

Countries Covered

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.

Market Players Covered

The Kroger Co. (US), Walgreen Co. (US), Giant Eagle, Inc. (US), Walmart (US), Express Scripts Holding Company. (US), CVS Health (US), Optum, Inc. (US), L Rowland & Co (Retail) Ltd (UK), Zur Rose Group AG (Switzerland), apo-rot BV (Germany), McKesson Corp. (US), myCARE e.K. (Germany), SHOP-APOTHEKE EUROPE N.V. (Netherlands), UK Meds (UK), Walgreens Boots Alliance, Inc. (US), DocMorris (Netherlands)

Market Opportunities

  • Increase in the number of emerging markets
  • Increase in the number of strategic collaborations
  • Rising investment for the development of advanced technologies

Pharma E-Commerce Market Dynamics

Drivers

  • Increasing number of patients

The rising number of patients will propel the market’s growth rate during the forecast period of 2022-2029. Increase in number of patients prefers doorstep delivery of medicines due to the unavailability of some medicines on retail pharmacy stores and this will further enhance the demand for pharma e-commerce.

  • Rise in the adoption rate of internet services

The market is expected to develop in response to rising adoption rate of internet services among growing population. Along with this, increasing adoption of new technologies based on artificial intelligence will propel the market’s growth rate.

Furthermore, the rising penetration of e-commerce and expansion of pharmaceutical industry will influence the growth of pharma e-commerce market. Along with this, increasing urbanization and rising level of disposable income are the driving factors accelerating the growth of the pharma e-commerce market. Also, increasing expenditure on healthcare infrastructure and emergence of COVID-19 pandemic are the major market drivers that will further escalate the growth of pharma e-commerce market.

Opportunities

  • Increase in the number of strategic collaborations or acquisitions       

Market participants are implementing initiatives such as collaborations, partnerships, and acquisitions, which are expected to boost the worldwide pharma e-commerce market's growth over the forecast period. This will provide beneficial opportunities for the pharma e-commerce market growth.

Moreover, rising investment for the development of digital technologies and increase in the number of emerging markets will further provide beneficial opportunities for the pharma e-commerce market growth during the forecast period.

Restraints/Challenges Global Pharma E-Commerce Market

On the other hand, security and privacy concerns among people will obstruct the growth rate of market. The rise in fraud activities and strict government regulations will challenge the pharma e-commerce market. Additionally, impact of COVID-19 on supply chain will act as restrain and further impede the growth rate of market during the forecast period of 2022-2029.

This pharma e-commerce 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 pharma e-commerce 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 Pharma E-Commerce Market

The COVID-19 outbreak has changed the focus of health-care systems all throughout the world. It has prompted developing economies to reconsider their urban infrastructure objectives. Many governments were faced with the issue of combating the pandemic while also achieving other healthcare objectives. India, for instance, is turning the urgency of combating COVID-19 into an opportunity to build more robust health systems. Market growth may be aided by the government's increased focus on innovation and improvement in the overall healthcare system. Despite the fact that medical stores were listed as essential services, online pharmacies benefited the most from the pandemic-induced lockdown, as many opted to buy drugs online rather than risk disease spread.

Recent Development

  • In November 2021, Medicure Inc. had announced the launch of innovative e-commerce pharmacy platform which offers hundreds of medications directly to millions of Americans. One of the platform's main goals is to go beyond the traditional framework managed by health insurers and pharmacy benefit managers, which has made access to affordable pharmaceuticals, both generic and branded, difficult for many Americans.

Global Pharma E-Commerce Market Scope

The pharma e-commerce market is segmented on the basis of product and end user. 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.

Product

Based on product, pharma e-commerce market is segmented into prescription medicine (Rx), and over the counter (OTC).

End User

  • Direct Sales
  • Distributors
  • Online

Pharma e-commerce market has also been segmented based on the end user into direct sales, distributors, and online

Pharma E-Commerce Market Regional Analysis/Insights

The pharma e-commerce market is analysed and market size insights and trends are provided by country, product and end user as referenced above.

The countries covered in the pharma e-commerce 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 pharma e-commerce market because of the rising adoption of e-commerce and increasing number of geriatric population in this region. 

Asia-Pacific is expected to grow during the forecast period due to rising number of patient population and surging initiatives by the government for the improvement of infrastructure 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.   

Healthcare Infrastructure growth Installed base and New Technology Penetration

The pharma e-commerce market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for pharma e-commerce market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the pharma e-commerce market. The data is available for historic period 2010-2020.

Competitive Landscape and Pharma E-Commerce Market Share Analysis

The Pharma e-commerce 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 pharma e-commerce market.

Some of the major players operating in the pharma e-commerce market are:

  • The Kroger Co. (US)
  • Walgreen Co. (US)
  • Giant Eagle, Inc. (US)
  • Walmart (US)
  • Express Scripts Holding Company. (US)
  • CVS Health (US)
  • Optum, Inc. (US)
  • L Rowland & Co (Retail) Ltd (UK)
  • Zur Rose Group AG (Switzerland)
  • apo-rot BV (Germany)
  • McKesson Corp. (US)
  • myCARE e.K. (Germany)
  • SHOP-APOTHEKE EUROPE N.V. (Netherlands)
  • UK Meds (UK)
  • Walgreens Boots Alliance, Inc. (US)
  • DocMorris (Netherlands)


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Frequently Asked Questions

The Market Value for Pharma E-Commerce Market is expected USD 4.84 billion by 2029.
The Pharma E-Commerce Market is to Grow at a CAGR of 21.80% During the Forecast by 2029.
The Kroger Co. (US), Walgreen Co. (US), Giant Eagle, Inc. (US), Walmart (US), Express Scripts Holding Company. (US), CVS Health (US), Optum, Inc. (US), L Rowland & Co (Retail) Ltd (UK), Zur Rose Group AG (Switzerland) are the Major Companies Operating in Pharma E-Commerce Market.
The Countries Covered in the Pharma E-Commerce 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.
The Pharma E-Commerce Market Report Curated by the Data Bridge Market Research Team Includes In-Depth Expert Analysis, Patient Epidemiology, Pipeline Analysis, Pricing Analysis, and Regulatory Framework.