Global Pharma E-Commerce Market Size, Trends, and Growth Opportunity, By Product (Prescription Medicine (Rx), Over the Counter (OTC), By End User (Direct Sales, Distributors, Online), By Region, and Forecast to 2027
Global Pharma E-Commerce Market
The global pharma e-commerce market was valued at USD 1 billion in 2021 and is slated to reach USD 4.95 billion by 2027, at a CAGR of 20.09% from 2022 to 2027.
Pharma e-commerce is an online pharmacy that delivers medications to customers via postal and shipping services. It is also known as an online pharmacy or a mail-order pharmacy. One of the most popular technologies in the healthcare industry that has made it possible for consumers to obtain medical advice online is telemedicine.
Market Drivers
The industry is seeing a lot of growth due to the ageing population and the prevalence of chronic diseases. In comparison to other wealthy nations, Europe has a higher life expectancy. Elderly people are more reliant on families and carers because of the rising prevalence of chronic diseases such as arthritis, cancer, diabetes, obesity, asthma, heart disease, and chronic obstructive pulmonary disease (COPD) among them. Elderly people find it challenging to go outside and get medications; thus, our e-commerce platform was quite helpful to them. This component accelerates market expansion so much. Chain pharmacies' use of omnichannel shopping is accelerating market expansion. With consumers using online pharmacies more frequently, retail pharmacy chains throughout the world have integrated online services and mobile applications with their traditional platforms to enable quick and real-time access to the retail brand. Using pharmacy as its touchpoint, it merges analogue and digital encounters. Supported by real-time inventory data, efficient logistics, and stock availability guidance and display, this entails. Thus, this element fosters market expansion.
Several medical practitioners are moving towards e-prescriptions in order to enable patients to quickly obtain medication with the use of e-prescriptions. Countries like the United Kingdom are putting more effort into implementing e-prescriptions. For instance, Phoenix U.K. purchased Co-op Health in 2021, a digital prescription service that enables people to order medication using an app for quick pickup at a nearby pharmacy or home delivery. In order to accommodate the demand created by the app's rapid development, Phoenix UK will take advantage of its network of Numark and Rowlands. As a result, this element accelerates market expansion.
Market Restraints
Illicit online pharmacies are now a serious problem that puts people's lives in danger. In practically every nation, online pharmacies operate unregulated. Medication purchased from disreputable websites is frequently of poor quality and harmful. Authorities in the United Kingdom shut down 3 million bogus medicines and gadgets at a cost of over US$13 million and destroyed over 3,100 websites that advertised the sale of illegally obtained drugs. These significant hindrances to market expansion
Recent Development
Medicure Inc. announced the launch of a revolutionary e-commerce pharmacy platform in 2021 that will directly deliver hundreds of pharmaceuticals to millions of US residents. The primary goal is to expand beyond the traditional framework managed by health insurers and pharmacy benefit managers.
Market Segmentation
The global pharma e-commerce market is segmented by product and end-users. By product, such as prescription medicine (Rx) or over-the-counter medicine (OTC).End-Users include Direct Sales, Distributors, and Online.
Regional Analysis
The global pharma e-commerce market is segmented into five regions: the Americas, Europe, Asia-Pacific, and the Middle East and Africa. North America dominates the pharma e-commerce market due to rising e-commerce use and a growing senior population. The rising occurrence of mild diseases such as backache, flu, fever, cough, and cold drives up demand for OTC drugs. Hence, the huge dependence on internet pharmacies to purchase these drugs also increases. Asia-Pacific is predicted to see considerable growth because of an increasing patient population and increased government initiatives to improve infrastructure in this region. Furthermore, the increased concentration of key market participants as well as the deployment of sophisticated technologies by manufacturers to improve the experience of customers purchasing online medicines are projected to drive market expansion.
Key Players
This report includes a list of numerous key players, namely: AbbVie Inc. (U.S.), Aurobindo Pharma (India), Pfizer Inc. (U.S.), Walmart Inc. (U.S.), Walgreen Co. (U.S.), Express Scripts (U.S.), The Kroger Co. (U.S.), L. Rowland & Co. (U.K.), DocMorris (Germany), and Giant Eagle Inc. (U.S.).
Market Taxonomy
By Product
• Prescription Medicine (Rx)
• Over the counter (OTC)
end user
• Direct Sales
• Distributors
• Online
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa
Global Pharma E-Commerce Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Pharma E-Commerce Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Pharma E-Commerce Market, By Product
5.1 Y-o-Y Growth Comparison, By Product
5.2 Global Pharma E-Commerce Market Share Analysis, By Product
5.3 Global Pharma E-Commerce Market Size and Forecast, By Product
5.3.1 Prescription Medicine (Rx)
5.3.2 Over the Counter (OTC)
6 Global Pharma E-Commerce Market, By End User
6.1 Y-o-Y Growth Comparison, By End User
6.2 Global Pharma E-Commerce Market Share Analysis, By End User
6.3 Global Pharma E-Commerce Market Size and Forecast, By End User
6.3.1 Direct Sales
6.3.2 Distributors
6.3.3 Online
7 Global Pharma E-Commerce Market, By Region
7.1 Global Pharma E-Commerce Market Share Analysis, By Region
7.2 Global Pharma E-Commerce Market Share Analysis, By Region
7.3 Global Pharma E-Commerce Market Size and Forecast, By Region
8 North America Pharma E-Commerce Market, Analysis and Forecast (2022-2027)
8.1 Introduction
8.2 North America Pharma E-Commerce Market Share Analysis, By Product
8.3 North America Pharma E-Commerce Market Size and Forecast, By End User
8.4 North America Pharma E-Commerce Market Size and Forecast, By Country
8.4.1 U.S.
8.4.2 Canada
8.4.3 Mexico
9 Europe Pharma E-Commerce Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 Europe Pharma E-Commerce Market Share Analysis, By Product
9.3 Europe Pharma E-Commerce Market Size and Forecast, By End User
9.4 Europe Pharma E-Commerce Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4 Rest of Europe
10 Asia Pacific Pharma E-Commerce Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Asia Pacific Pharma E-Commerce Market Share Analysis, By Product
10.3 Asia Pacific Pharma E-Commerce Market Size and Forecast, By End User
10.4 Asia Pacific Pharma E-Commerce Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4 Rest of Asia Pacific
11 Latin America Pharma E-Commerce Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Latin America Pharma E-Commerce Market Share Analysis, By Product
11.3 Latin America Pharma E-Commerce Market Size and Forecast, By End User
11.4 Latin America Pharma E-Commerce Market Size and Forecast, Country
11.4.1 Brazil
11.4.2 Rest of Latin America
12 Middle East Pharma E-Commerce Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Middle East Pharma E-Commerce Market Share Analysis, By Product
12.3 Middle East Pharma E-Commerce Market Size and Forecast, By End User
12.4 Middle East Pharma E-Commerce Market Size and Forecast, By Country
12.4.1 Saudi Arabia
12.4.2 UAE
12.4.3 Egypt
12.4.4 Kuwait
12.4.5 South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
14.1 AbbVie Inc (U.S.)
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2 Aurobindo Pharma (India)
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3 Pfizer Inc. (U.S.)
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Walmart Inc. (U.S.)
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Walgreen Co. (U.S.)
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Express Scripts (U.S.)
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 The Kroger Co. (U.S.)
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 L Rowland & Co (U.K.)
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 DocMorris (Germany)
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 Giant Eagle, Inc. (U.S.)
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies
