E-pharmacy Market Size 2020, Trend, Growth Opportunity, Statistics Analysis Report & Forecast 2027
E-pharmacy is referred as electronic pharmacy or internet pharmacy. It is an online retail platform which acts as bridge between consumers and vendors to enable the sales of medicines. It provides round-the-clock delivery of drugs access to comprehensive information on prescribed drugs. In this concept patient need not visit to pharmacies to receive their medication, but can instead order the medicines via online platform.
Rise in internet penetration across the globe, rapid aging of
population, improved healthcare infrastructure as well as increase in awareness
pertaining to e-commerce amongst consumers are some driving factors which are
expected to boost the global e-pharmacy market growth. Furthermore, increase in
disposable income coupled with large base of young consumers will positively
influence the global e-pharmacy market growth over the forecast period. Also,
increase in COVID-19 pandemic across the globe will fuel the market growth.
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As per the WHO report the
manifestation of COVID 19 has resulted in greater than 14 million infected
individuals across the world as of July 2020. Many governments announced
lockdown due to this global crisis which is expected to propel the global
e-pharmacy market growth. The rise in consumer preference for online buying of
medicines and medicinal products from online pharmacy stores with a main aim to
maintain social distancing which is expected to propel the global E-pharmacy
market growth during this forecast period.
Increase
in number of illegal pharmacies is the major restraining factor which is
expected to hinder the global E-pharmacy market growth during this forecast
timeline. Also, substance abuse and high cost involved in research and
development of e-pharmacy technology based services will affect the market
growth.
E-pharmacy
Market Segmentation
Global
E-Pharmacy Market is segmented into drug type such as OTC, and Prescription.
Further, market is product type such as Skin Care, Dental, Cold & Flu,
Vitamins, Weight Loss, and Others.
Also,
Global E-Pharmacy Market is segmented various regions such as North America,
Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market
Key Players Analysis
Various
key players are discussed in this report such as Newpharma, LLOYDS Pharmacy
Limited, Pharmacy2u Ltd., McCabes Pharmacy, Shop Apotheke, Gordons Direct, Zur
Rose Group, MedPlus Health Services, A.S. Watsons Group, and Netmeds
Marketplace Limited
Market
Taxonomy
By Drug Type
- OTC
- Prescription
By Product
Type
- Skin Care
- Dental
- Cold &
Flu
- Vitamins
- Weight Loss
- Others
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East
& Africa
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