The global online pharmacy market by revenue is expected to grow at a CAGR of over 20% during the period 2019–2025.
The online pharmacy market is trending across most of the developing and developed countries in North America and Europe. There is major growth potential in such as the US, the UK, France, Germany, Italy, Spain, China, India, and Japan. In North America, the US and in Europe, Germany is the fastest-growing regional market due to increasing internet penetration and awareness regarding online OTC benefits among many others. France and Italy are highly established markets that contribute to significant shares in the European market.
Arizton’s latest market research report considers the present scenario of the online pharmacy market and its market dynamics for the period 2019−2025. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market.
Online Pharmacy Market – Dynamics
Here are list of trends and drivers that are impacting the revenues and profitability in the online pharmacy market:
- Rise in Economic Growth, Per Capita Income, & Healthcare Expenditure
- Increase in Health Awareness & Demand for Self-medication
- Increased Collaboration among Stakeholders
- Large Product Offering, Competitive Price, Heavy Promotion, & Different Business Models
- Growing Internet Penetration
- Rising Implementation of E-Prescriptions in Hospitals and Other Healthcare Services
- Improving Online Payment
- Increase in Chronic Diseases and Ageing Population
Online Pharmacy Market – Segmentation
This research report includes a detailed segmentation by platform type, medicine type, and geography.
- The global OTC drugs market is likely to record the highest growth rate in Latin America and APAC during the next few years owing to the rapidly growing population, coupled with the growing middle-class segment in these regions, and increase in disposable income of the population. These factors will increase the availability and to access OTC medication to the general mass.
- The increasing number of cases of chronic diseases would have a huge effect on the market share of prescription drugs. The continuous clinical trials of leading players in the production of innovative drugs would enable significant market growth in the near future.
- APAC has the highest number of mobile subscriptions owing to the area’s large population. As of 2016, APAC boasted over 4 billion cellular connections, three times more than both North and Latin America combined. This is fueling the growth of the use mobile platforms in the online pharmacy market.
Online Pharmacy Market by Platform Type
- Mobile Users
- Desktop Users
Online Pharmacy Market by Medicine Type
- OTC Medicines
- Prescription Medicines
Online Pharmacy Market – Geography
The pharmacy automation market in North America is growing enormously. Pharmacy automation comprises automatic processes to handle and dispense medications, counting small objects, mixing and calculating liquids and powders for compounding, updating, and tracing records in the database and inventory management. This is expected to boost the online pharmacy market in North America during the forecast period.
Online Pharmacy Market by Geography
- North America
- Czech Republic
- South Korea
- Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia
- Zur Rose Group
- SHOP APOTHEKE
- Walmart Stores
- CVS Health
- Cigna (Express Scripts)
- Giant Eagle
Other Prominent Vendors
- UK Meds
- Japan Health Center
- AMX Holdings
- BioPlus Specialty Pharmacy
- Carepoint Pharmacy
- Oxford Online Pharmacy
- Chemist 4 U
- Simple Online Pharmacy
- The Canadian Pharmacy
- Chemist Direct
- Lékárna WPK
- Index Medical
- Farmacia Internacional
- Foundation Care
- 1MG Technologies
- Walgreens Boots Alliance
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