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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.

E-pharmacies can effectively address a number of customers' issues such as comprehensive information on drugs or alternatives for the prescription drug, easy access for the medicines that are otherwise hard to find, medicine records, and others. With the help of e-pharmacies, consumers can order the drugs conveniently from their smartphone or computer.

Owing to the increasing adoption of e-pharmacy services by a large population group in North America, pharmaceutical companies are focusing on launching e-pharmacy or digital pharmacy services in the region. For instance, in March 2020, Digital Health and Supply Chain Entrepreneurs launched Genius Rx, a full-service, fully automated digital pharmacy. On June 25, 2020, Medicure Inc. launched a direct-to-patient online pharmacy program for the distribution of ZYPITAMAG in the U.S. This program will help the company to offer services at reduced costs, including no retail pharmacy filling fees, and increase the availability of products.

North America E-pharmacy Market - Impact of Coronavirus (COVID-19) Pandemic

Due to the outbreak of COVID-19 in December 2019, the disease has spread to over 100 countries across the globe and the World Health Organization has declared it a public health emergency. According to the World Health Organization’s report, the manifestation of coronavirus (COVID-19) has resulted in more than 14 million infected individuals worldwide as of July, 2020. The lockdown in various countries due to the COVID 19 pandemic has created economic burden on the private healthcare sectors such as pharmaceutical industries, specialty clinics, pharmacy stores, and others. Despite such economic slowdown in the healthcare sector, digital healthcare sectors such as e-health, e-pharmacy, and e-prescription experienced significant growth during this COVID 19 pandemic. The growth of e-pharmacy sector is attributed to the increasing consumer preference for online buying of medicinal products from online pharmacy stores with an aim to maintain social distancing. Moreover, restricted outdoor movement except for supplying and procuring essential goods and services including medicinal products, and increasing demand for hand sanitizers and face masks have accelerated growth of the North America e-pharmacy market

The North America e-pharmacy market is estimated to be valued at US$ 31,030.0 Million in 2020 and is expected to exhibit a CAGR of 18.2% during the forecast period (2020-2027).

Figure 1: North America E-pharmacy Market Share (%) Analysis, By Product Type, 2020

North America e-Pharmacy  | Coherent Market Insights

North America E-pharmacy Market - Restraints

Occurrences of substance abuse are expected to hinder growth of the North America e-pharmacy market. Easy availability of controlled prescription drugs such as stimulants, anxiolytics, narcotic painkillers, and sedative hypnotics through online retail platforms can result in higher instances of substance abuse, which in turn can be a major public health concern. Moreover, presence of a large number of rogue/illegal e-pharmacies reduce customer trust, which can hinder growth of the market. There is a large number of false or illegitimate e-pharmacies, which do not abide by the government regulations. Such pharmacies provide medication and do not require doctor’s prescription nor the patient’s medical history. As a result, there are increasing instances of falsified drug deliveries, which are hampering the trust of consumers about purchasing their prescription drugs online.

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North America E-pharmacy Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 1,029.97 Mn
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 18.2% 2027 Value Projection: US$ 99,981.7 Mn
Geographies covered:
  • North America: U.S. and Canada
Segments covered:
  • By Product Type: Prescription (Rx), Over-the-counter.
Companies covered:

CVS Caremark, Zur Rose Group AG, PlanetRX.com Inc., Walgreen Company, Familymeds, Inc, Medisave, The Kroger Co., Cigna, Optum Rx, Inc, and Giant Eagle

Growth Drivers:
  • Emergence of new e-pharmacy platforms in the U.S.
  • The rising adoption of internet and smartphones, and convenience offered by e-pharmacy services
Restraints & Challenges:
  • Substance abuse and high costs involved in R&D of e-pharmacy technology-based services

North America E-pharmacy Market – Country Analysis

On the basis of country, the North America e-pharmacy market is segmented into the U.S. and Canada. The U.S is expected to witness significant growth in the North America e-pharmacy market, owing to launching of new e-pharmacy platform in the country. For instance, in December 2019, MedExpress, a British e-pharmacy, announced the launch of its American franchise, Zip Health, to dispense drugs online in the U.S. in the first quarter of 2020. On June 25, 2020, Medicure Inc. launched an online pharmacy program for the distribution of ZYPITAMAG in the U.S. This program will help the company to provide services at reduced costs, including no retail pharmacy filling/dispensing fees, and increase the availability of products.

Figure 2: North America E-pharmacy Market Value (US$ mn) & Y-o-Y Growth (%), 2017-2027

North America e-Pharmacy  | Coherent Market Insights

North America E-pharmacy Market - Competitive Landscape

Key players operating in the North America e-pharmacy market include CVS Caremark, Zur Rose Group AG, PlanetRX.com Inc., Walgreen Company, Familymeds, Inc, Medisave, The Kroger Co., Cigna, Optum Rx, Inc, and Giant Eagle.

E-pharmacy, 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 sales of medicines. 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.

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

Market Dynamics

Increasing adoption of internet is expected to propel growth of the North America e-pharmacy 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 consumer spending on healthcare and personal care products is expected to drive growth of the North America e-pharmacy market in the region. According to the U.S. National Health Expenditures 2016 highlights, the U.S. health care spending was US$ 3.3 trillion, accounting to an average spending of around US$ 10,348 per person in 2016. Moreover, overall share of gross domestic product (GDP) related to healthcare spending increased to 17.9 % in 2016 from 17.7 % in 2015.

Key features of the study:

  • This report provides in-depth analysis of the North America e-pharmacy market, market size (US$ mn), and compound annual growth rate (CAGR (%)) for the forecast period: 2020-2027, considering 2019 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 approvals, market trends, regional outlook, and competitive strategies adopted by leading players.
  • It profiles key players in the North America e-pharmacy market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies
  • Key players covered as a part of this study include CVS Caremark, Zur Rose Group AG, PlanetRX.com Inc., Walgreen Company, Familymeds, Inc, Medisave, The Kroger Co., Cigna, Optum Rx, Inc, and Giant Eagle
  • Insights from this report would allow marketers and management authorities of companies to make informed decisions with respect to future product launches, governmental initiatives, technological up-gradation, market expansion, and marketing tactics
  • The North America e-pharmacy market report caters to various stakeholders in this industry, including investors, product manufacturers, distributors, and suppliers for Infertility drugs and devices market, research and consulting firms, new entrants, and financial analysts

Detailed Segmentation:

  • North America E-pharmacy Market, By Product Type:
    • Prescription
    • Over-the-counter
  • North America E-pharmacy Market, By Country:
    • U.S.
    • Canada
  • Company Profiles
    • CVS Health*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Highlights
      • Strategies
    • Zur Rose Group AG
    • PlanetRX.com
    • Walgreen Company
    • Familymeds, Inc
    • Medisave,
    • The Kroger Co.
    • Cigna
    • Optum Rx, Inc
    • Giant Eagle

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

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Overview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Country
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Drivers
    • Restraints
    • Impact Analysis
    • Opportunity
    • Key Highlights
    • Regulatory Scenario
    • Supply Chain Analysis
    • Industry Trends
    • Advantages and Disadvantages
    • Future Trends of the E-pharmacy Services
    • Investment Opportunities/Trends
  4. North America E-pharmacy Market, by COVID-19 Impact Analysis
    • Pre Covid 19 Analysis
    • Post Covid 19 Analysis
    • Key development
  5. North America E-pharmacy Market, By Product Type, 2016 – 2027, (US$ million)
    • Introduction
      • Market Share Analysis, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Prescription (Rx)
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
    • Over-the-counter
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
  6. North America E-pharmacy Market, By Country, 2016– 2027, (US$ Million)
    • Introduction
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Million)
        • U.S.
        • Canada
  7. Competitive Landscape
    • Company Profiles
      • CVS Health
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Walgreen Company
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Familymeds, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Zur Rose Group AG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • com Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Medisave
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • The Kroger Co.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Cigna
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Optum Rx, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Giant Eagle
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 07 market data tables and 11 figures on "North America E-pharmacy Market” - Forecast to 2027”

Frequently Asked Questions

The North America e-pharmacy market is expected to register a CAGR of 18.2% during the forecast period (2020-2027).
The value of the North America e-pharmacy market is estimated to be valued at US$ 31,029.9 million in 2020.
The prominent players in the North America e-pharmacy market include CVS Caremark, Zur Rose Group AG, PlanetRX.com Inc., Walgreen Company, Familymeds, Inc, Medisave, The Kroger Co., Cigna, Optum Rx, Inc, and Giant Eagle.
The North America e-pharmacy market is expected to be valued at US$ 99,981.7 million in 2027.
The U.S is holding largest share in the North America e-pharmacy market.
Increasing focus of software and service developers on developing advanced apps and technologies is facilitating growth of the North America e-pharmacy market.
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