epharmacy Market by Drug Type (Prescription Drugs and Over-the-Counter (OTC) Drugs), Product Type (Skin Care, Dental, Cold and Flu, Vitamins and Others) and Geography - Global Industry Analysis, Opportunities and Forecast up to 2026

The global ePharmacy market size was valued at $54.20 billion in 2020, and is projected to reach $142.64 billion by 2026, growing at a CAGR of 17.5% during the forecast period.

• The ePharmacy market is expected to witness significant growth in the future due to growing access to web-based and online services, implementation of e-prescription, government agencies' efforts to reach regulatory agreements, rising implementation of e-prescriptions in hospitals and other healthcare services.

• Additionally, the rising incidences of chronic diseases and increasing awareness over online pharmacies and easy and convenient process in pharmaceutical companies and ethical practices in the field of e-pharmacy in some major dynamic regional markets are anticipated to surge growth opportunities for the global ePharmacy market.

• However, rise in fraud activities, security and privacy concerns among people, and presence of strict regulations for the sale of prescription drugs through online channels are expected to restrain the ePharmacy market growth.

An ePharmacy is an online pharmacy that works over the internet and distributes medications to customers via mail or shipping services. Online pharmacies, internet pharmacies, and mail-order pharmacies are all terms used to describe ePharmacy. Telemedicine, which has enabled people with access to healthcare advice through technology, has recently emerged as one of the most innovative technologies in the healthcare business.

By Drug Type, the Over-the-Counter (OTC) Drugs Segment Holds the Dominant Position in the Market Revenue

The Over-the-Counter (OTC) Drugs segment made huge revenue and growing its prominence during the forecast period. Over the counter drugs has the most significant growth in the market since the beginning due to its reliability, lack of prescription, and convenience for the consumer to purchase it. OTC medications are regulated by authorised agencies in order to give a better substitute for the drug. When administered without a physician consultant, it contains the same active pharmaceutical ingredients in terms of safety and efficacy. The OTC drug counter includes a large selection of general conventional sickness medicines that customers can take right away.

By Geography, North America Region is Projected to Strong Presence in the Global Market

North America region is leading the global ePharmacy market which can be primarily attributed to the greater number of internet users and higher adoption of online services in the region. With more people becoming aware of online pharmacies, it is projected that government measures will increase the use of online pharmacy services for acquiring pharmaceuticals without fuss in the United States, assisting in the expansion of the E-pharmacy industry in this region. Furthermore, the convenience of ordering medications from the comfort of one's own home is predicted to propel the e-pharmacy industry in North America, particularly in the United States. In addition, the market in North America is predicted to develop due to the high concentration of market competitors and the inclusion of sophisticated technology by key companies to improve the customer experience of online medicine buying.

List of the Key Players Profiled in the Market Include:

• The Kroger Co.
• Walgreen Co.
• Giant Eagle, Inc.
• Express Scripts Holding Company
• Walmart, Inc.
• CVS Health
• Optum Rx, Inc.
• Rowlands Pharmacy
• DocMorris (Zur Rose Group AG)
• Netmeds
• 1mg

What Can be Explored with this Research Report:

• Understand the key trends that will drive the market, challenges it faces in the current market scenario.
• Identify growth opportunities.
• Porter’s five force analysis.
• In-depth analysis of market segments, and regions/countries predicted to observed promising growth.
• Historical and forecast size of the market in terms of revenue (USD Million).
• Company profiling with key products and solution offerings, key financial information, SWOT analysis, and business strategies adopted.

Market Segmentation:

The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:

Market by, Drug Type:
• Prescription Drugs
• Over-the-Counter (OTC) Drugs
   
Market by, Product Type:
• Skin Care
• Dental
• Cold and Flu
• Vitamins
• Weight Loss
• Other Product Types
   
Market by, Geography:
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

Table Of Content

1 Market Overview           
    1.1 Introduction       
    1.2 Research Objectives      
    1.3 Market Segmentation      
    1.4 Stakeholders       
    1.5 List of Acronyms       
             
2 Executive Summary           
             
3 Research Methodology          
    3.1 Identification of Data      
    3.2 Evaluation of Market Dynamics     
    3.3 Collaboration of Data      
    3.4 Verification and Analysis      
    3.5 Data Sources       
    3.6 Assumptions       
             
4 Market Dynamics           
    4.1 Market Drivers       
            4.1.1 Increasing access to web-based and online services
            4.1.2 Increasing implementation of e-prescriptions in hospitals and other healthcare services
            4.1.3 Booming digital health industry
    4.2 Market Restraints       
            4.2.1 Increasing number of illegal online pharmacies
    4.3 Impact of COVID-19 on epharmacy Market    
             
5 Porter's Five Force Analysis          
    5.1 Bargaining Power of Suppliers      
    5.2 Bargaining Power of Buyers      
    5.3 Threat of New Entrants      
    5.4 Threat of Substitutes      
    5.5 Competitive Rivalry in the Market     
             
6 Global epharmacy Market by, Drug Type         
    6.1 Overview       
    6.2 Prescription Drugs       
    6.3 Over-the-Counter (OTC) Drugs      
             
7 Global epharmacy Market by, Product Type        
    7.1 Overview       
    7.2 Skin Care        
    7.3 Dental        
    7.4 Cold and Flu       
    7.5 Vitamins        
    7.6 Weight Loss       
    7.7 Other Product Types      
             
8 Global epharmacy Market by, Geography        
    8.1 Overview       
    8.2 North America       
    8.3 Europe        
    8.4 Asia Pacific       
    8.5 South America       
    8.6 Middle East & Africa      
             
9 Key Developments           
             
10 Company Profiling           
    10.1 The Kroger Co.       
            10.1.1 Business Overview
            10.1.2 Product/Service Offering
            10.1.3 Financial Overview
            10.1.4 SWOT Analysis
            10.1.5 Key Activities
    10.2 Walgreen Co.       
    10.3 Giant Eagle, Inc.       
    10.4 Express Scripts Holding Company     
    10.5 Walmart, Inc.       
    10.6 CVS Health       
    10.7 Optum Rx, Inc.        
    10.8 Rowlands Pharmacy       
    10.9 DocMorris (Zur Rose Group AG)     
    10.10 Netmeds        
    10.11 1mg