Impact Analysis of Covid-19

The complete version of the REPORT will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

ePharmacy, also known as electronic pharmacy or Internet pharmacy, is an online retail platform that acts as an intermediary between customers and the vendors to enable the sale of medicine. It offers round-the-clock delivery of drugs, access to comprehensive information on prescribed drugs, and transparency in prices. Patients need not physically visit the pharmacies to receive their medication, but can instead order the drugs online.

The global ePharmacy market is estimated to account for US$ 81.6 Bn in terms of value in 2020 and is estimated to reach US$ 244.0 Bn by the end of 2027.

Global ePharmacy Market: Drivers

Increasing adoption of Internet is expected to propel growth of the global ePharmacy market over the forecast period. For instance, according to Pew Research Center, the percentage of households with broadband connection in the U.S. increased from 68% in January 2018 to 77% in February 2019.

Increasing geriatric population is also expected to aid in growth of the market. For instance, according to the U.S. Census Bureau, the U.S. geriatric population is expected to reach 77 million by 2034.     

North America held dominant position in the global ePharmacy market in 2019, accounting for 35.9% share in terms of value, followed by Europe and Asia Pacific, respectively

Figure 1. Global ePharmacy Market Share (%), by Region, 2019

ePharmacy  | Coherent Market Insights

Global ePharmacy Market: Restraints  

Likely occurrences of substance abuse are expected to hinder growth of the global ePharmacy market. Easy availability of controlled prescription drugs such as stimulants, anxiolytics, narcotic painkillers, and sedative hypnotics through online retail platforms is indirectly resulting in increasing instances of substance abuse and has raised concerns for public health.

Moreover, presence of a large number of rogue ePharmacies reduces customer trust, thereby hindering growth of the market. A large number of false ePharmacies or illegitimate ePharmacies have come into existence, which do not abide by the necessary safeguards. Such pharmacies provide medication without actual visits to the doctor and require neither prescriptions nor a medical history. As a result, there are increasing instances of falsified drug deliveries, which is hampering the trust of consumers on the desirability of purchasing their prescription drugs online.

Global ePharmacy Market: Opportunities  

Large untapped markets in Latin America are expected to offer lucrative growth opportunities for players in the market. Presently, Latin America and Middle East and Africa are the least-tapped markets for ePharmacy, owing to high presence of physical pharmacy stores and underdeveloped healthcare infrastructure in most countries in these regions. Countries such as Brazil, Uruguay, Chile, and Argentina are expected to show significant growth in the market.

Moreover, increasing disposable income in Asia Pacific is also expected to display lucrative growth opportunity for players in the market. For instance, according to The Ministry of Statistics and Program Implementation, Government of India, disposable personal income in India increased to US$ 2,699,821.02 Million in 2019 from US$ 2,517,856.54 Million in 2018.

The global ePharmacy market was valued at US$ 69.7 Bn in 2019 and is forecast to reach a value of US$ 244.0 Bn by 2027 at a CAGR of 17.0% between 2020 and 2027.

Figure 2. Global ePharmacy Market Value (US$ Bn), and Y-o-Y Growth (%), 2019-2027

ePharmacy  | Coherent Market Insights

Market Trends/Key Takeaways

Major players in the market are focused on offering various digital services. For instance, in February 2020, Ro, an ePharmacy, launched Health Guide, a new medical handbook for the internet.

Major players in the market are also focused on investing in shop-in-shop pharmacies. For instance, in October 2019, Zur Rose Group AG partnered with Migros, a Switzerland-based retail company, to start the first shop-in-shop pharmacy in Switzerland.

Global ePharmacy Market: Competitive Landscape   

Major players operating in the global ePharmacy market include, CVS Caremark, Banner Health, DocMorris NV, Ro, Zur Rose Group AG, Right ePharmacy, PlanetRx.com.Inc., Lloyds Pharmacy Ltd., Dr. Fox Pharmacy, eDrugstore.MD, MediSave, Walgreen Co, and Rowlands Pharmacy.

Global ePharmacy Market: Key Developments    

Major players in the market are focused on adopting partnership and collaboration strategies to expand their product portfolio. For instance, in December 2019, DocMorris NV partnered with KRY International AB, a healthcare company, under which electronic prescription issued through KRY app can be redeemed at the DocMorris pharmacy or an on-site pharmacy.

Major players in the market are also focused on adopting M&A strategies to expand their product portfolio. For instance, in January 2019, Zur Rose Group AG announced the acquisition of e-commerce activities of medpex, an online pharmacy, which include, Comventure GmbH, Visionrunner GmbH, medpex wholesale GmbH, and Apotheke esando B.V.

Apheresis Equipment  Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 69.7 Bn
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 17.0% 2027 Value Projection: US$  244.0 Bn
Geographies covered:
  • North America: U.S.,Canada.
  • Latin America: Brazil, Argentina, Mexico, Rest of Latin America
  • Europe: Germany, UK, Spain, France, Italy, Russia, Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, Rest of Asia Pacific
  • Africa: South Africa, North Africa, Central Africa
Segments covered:
  • By Product Type
    • Prescription Products
    • Over-the-Counter Products
Companies covered (12):

CVS Caremark, Banner Health, DocMorris NV, Zur Rose Group AG, Right ePharmacy, PlanetRx.com.Inc., Lloyds Pharmacy Ltd., Dr. Fox Pharmacy, eDrugstore.MD, MediSave, Walgreen Co, and Rowlands Pharmacy.

Growth Drivers:
  • Increasing prevalence of chronic diseases
  • Increasing demand for medications
Restraints & Challenges:
  • Lack of stringent regulations

ePharmacy deals with sales and distribution of pharmaceutical and medical products through online channels. ePharmacy involves use of information, communication, and technology in medical products, and services. Any pharmacy can become a, ePharmacy as long as it has computerized serives, and active internet connection, and a working detailed website. Pharmacies can offer their products and services through online website to its customers.   

Restraints of the Global ePharmacy Market

The high cost involved in R&D of ePharmacy technology-based products and limited financial support has posed a great challenge to growth of the global ePharmacy market.

Key features of the study:

  • This report provides in-depth analysis of the global ePharmacy market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2019–2027), considering 2018, as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
  • It profiles leading players in the global ePharmacy market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, strategies, and future plans
  • Key companies covered as a part of this study include CVS Caremark, Banner Health, DocMorris NV, Zur Rose Group AG, Right ePharmacy, PlanetRx.com.Inc., Lloyds Pharmacy Ltd., Dr. Fox Pharmacy, eDrugstore.MD, MediSave, Walgreen Co, and Rowlands Pharmacy.
  • Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics
  • The global ePharmacy market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the market.

Detailed Segmentation

  • Global ePharmacy Market, By Product Type:
    • Prescription Products
    • Over-the-Counter Products
  • Global ePharmacy Market, By Geography:
    • North America
      • By Product Type
        • Prescription Products
        • Over-the-Counter Products
      • By Country:
        • U.S.
        • Canada
    • Europe
      • By Product Type
        • Prescription Products
        • Over-the-Counter Products
      • By Country:
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Product Type
        • Prescription Products
        • Over-the-Counter Products
      • By Country:
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • By Product Type
        • Prescription Products
        • Over-the-Counter Products
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East:
      • By Product Type
        • Prescription Products
        • Over-the-Counter Products
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Product Type
        • Prescription Products
        • Over-the-Counter Products
      • By Country/Region:
        • Central Africa
        • South Africa
        • North Africa
  • Company Profiles
    • CVS Caremark*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
    • Banner Health
    • DocMorris NV
    • Zur Rose Group AG
    • Right ePharmacy
    • PlanetRx.com.Inc.
    • Lloyds Pharmacy Ltd.
    • Dr. Fox Pharmacy
    • eDrugstore.MD
    • MediSave
    • Walgreen Co
    • Rowlands Pharmacy

 “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Regulatory Scenario
    • PEST Analysis
    • Comparative Price Analysis – online Vs. Retail
    • E-Pharmacy Startup
    • Key Developments
    • Collaboration-Acquisition
    • Porter’s Five Forces Analysis
  4. Global E-Pharmacy Market, By Product Type, 2015–2025 (US$ Bn)
    • Introduction
      • Market Share Analysis, 2016 and 2025 (%)
      • Y-o-Y Growth Analysis, 2016–2025
      • Segment Trends
    • OTC
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2015–2025, (US$ Bn)
    • Prescription
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2015–2025, (US$ Bn)
  5. Global E-Pharmacy Market, By Region, 2015–2025 (US$ Bn)
    • Introduction
      • Market Share Analysis, By Region, 2016 and 2025 (%)
      • Y-o-Y Growth Analysis, For Regions, 2016–2025
    • North America
      • Market Size and Forecast, By Product Type, 2015–2025 (US$ Bn)
      • Market Size and Forecast, By Country, 2015–2025 (US$ Bn)
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast, By Product Type, 2015–2025 (US$ Bn)
      • Market Size and Forecast, By Country, 2015–2025 (US$ Bn)
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Product Type, 2015–2025 (US$ Bn)
      • Market Size and Forecast, By Country, 2015–2025 (US$ Bn)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of APAC
    • Latin America
      • Market Size and Forecast, By Product Type, 2015–2025 (US$ Bn)
      • Market Size and Forecast, By Country, 2015–2025 (US$ Bn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Africa
      • Market Size and Forecast, By Product Type, 2015–2025 (US$ Bn)
      • Market Size and Forecast, By Country, 2015–2025 (US$ Bn)
        • Central Africa
        • South Africa
        • North Africa
    • Middle East
      • Market Size and Forecast, By Product Type, 2015–2025 (US$ Bn)
      • Market Size and Forecast, By Country, 2015–2025 (US$ Bn)
        • GCC
        • Israel
        • Rest of Middle East
  6. Competitive Landscape
    • Heat Map Analysis
    • Company Profiles
      • The Kroger Co.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • The Walgreen Company
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Express Scripts Holding Company
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • CVS Health
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Zur Rose Group AG
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Giant Eagle, Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Walmart Stores, Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • OptumRx Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • 1mg
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Netmeds
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
  7. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 30 market data tables and 32 figures on “E-Pharmacy Market - Global forecast to 2025”.

Frequently Asked Questions

The global ePharmacy market size was valued at US$ 69.7 Bn in 2019 and is forecast to reach a value of US$ 244.0 Bn by 2027 at a CAGR of 17.0% between 2020 and 2027.
Major factor driving the growth of global ePharmacy market during the forecast period increasing prevalence of chronic and acute diseases, increasing demand for medications, and increasing presence of online pharmacies in emerging economies.
Major factors hampering the growth of the ePharmacy market during the forecast period constitutes of lack of stringent regulations, and connectivity issues in emerging economies.
Large untapped markets in Latin America are expected to offer lucrative growth opportunities for players in the market.
North America ePharmacy market is expected to generate the highest revenue during the forecast period.
Some of the key players operating in the market are CVS Caremark, Banner Health, DocMorris NV, Ro, Zur Rose Group AG, Right ePharmacy, PlanetRx.com.Inc., Lloyds Pharmacy Ltd., Dr. Fox Pharmacy, eDrugstore.MD, MediSave, Walgreen Co, and Rowlands Pharmacy.
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