25-Apr-2023

Pharma E-Commerce Market, Size, Share, Growth Opportunities Forecast to 2030 | Aurobindo Pharma (India), Pfizer Inc. (U.S.), Walmart Inc. (U.S.), Walgreen Co. (U.S.), Express Scripts (U.S.)

The world class Pharma E-Commerce market report is an excellent source to know the trends and opportunities in Pharma E-Commerce industry. To gain actionable market insights with which it becomes easy to build sustainable and money-spinning business strategies, market research report is a great option. In this report, several aspects about the market research and analysis for the Pharma E-Commerce industry have been underlined. Pharma E-Commerce market research report has complete overview of the market, covering various aspects such as product definition, segmentation based on various parameters, and the prevailing vendor landscape. This report will provide an in-depth understanding of the Pharma E-Commerce Market which will further benefit the competitors or stakeholders operating in the market. The report not only saves valuable time but also adds credibility to the work that has been done to grow the business. In the winning Pharma E-Commerce business report, a thorough investment analysis is offered which forecasts imminent opportunities for the market players and develops the strategies to grow return on investment (ROI).

Data Bridge Market Research analyses that the pharma e-commerce market, which was USD 1.2 billion in 2022, would rise to USD 6.21 billion by 2030 and is expected to undergo a CAGR of 22.5% during the forecast period 2023 to 2030.

Competitive Landscape Analysis: Pharma E-Commerce Market

Boehringer Ingelheim International GmbH (Germany), 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), Giant Eagle, Inc. (U.S.), OptumRx, Inc. (U.S.), CVS Health (U.S.), Merck & Co., Inc. (U.S.), Thermo Fisher Scientific (U.S.)

Global Pharma E-Commerce Market Segmentation

Product (Prescription Medicine (Rx), Over the Counter (OTC)

By End User (Direct Sales, Distributors, Online)

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Pharma e-commerce is an online pharmacy that operates online and distributes medicines to people through mail and shipping companies. It is also referred to as mail-order pharmacy or internet pharmacy. Telemedicine is among the most widely used technologies in the healthcare sector that has created a way for people to access healthcare advice through IT.

Global Pharma E-Commerce Market Dynamics

Drivers

Increase in Elderly Population and Chronic Diseases

An increase in the elderly population and chronic diseases is a major trend in the market. The life expectancy of people in Europe is more than in other developed countries. The increased prevalence of chronic illnesses such as arthritis, cancer, diabetes, obesity, asthma, heart disease, and chronic obstructive pulmonary disease (COPD) among the elderly leads to their higher dependency on families and caregivers. This e-commerce platform helped the elderly greatly as it is difficult for them to step out and buy medicines. Thus, this factor boosts market growth.

Opportunities

Increasing Demand for Omnichannel Retailing Technique

The omnichannel retailing technique by pharmacy chains is boosting market growth. With consumers’ increasing adoption of online pharmacies, retail pharmacy chains globally have incorporated online services and mobile applications with their conventional platforms to provide rapid and real-time access to the retail brand. It combines physical and digital experiences with pharmacy as its touchpoint. This involves being backed by real-time inventory data and effective logistics and stock availability advice and display. Thus, this factor boosts market growth.

Increasing Demand for E-prescriptions

Numerous healthcare professionals are now drifting towards e-prescriptions to let patients rapidly avail medicine with the help of e-prescriptions. Countries such as the U.K. are indulging in more effort into applying e-prescriptions. For instance, Co-op Health, a digital prescription service that allows individuals to obtain medication through an app for convenient pickup at a nearby pharmacy or home delivery, was acquired by Phoenix U.K. in 2021. The app has shown major development within a short period, and PHOENIX UK will use its network of Numark and Rowlands to meet that need. Thus, this factor enhances the market growth.

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The Market insights of Pharma E-Commerce will improve the revenue impact of businesses in various industries by:

Providing a framework tailored toward understanding the attractiveness quotient of various products/solutions/technologies in the Pharma E-Commerce Market
Guiding stakeholders to identify key problem and Industry dynamics areas pertaining to their consolidation strategies in the global Pharma E-Commerce market and offers solutions
Assessing the impact of changing regulatory dynamics in the regions, Import and Export Probabilities, Developments at Sales Outcome And Revenue Generation Predictions in which companies are keen on expanding their footprints
Provides understanding of disruptive technology, Potential and niche segments/regions exhibiting promising growth trends to help businesses make their transitions smoothly
Helping leading companies make strategy recalibrations ahead of their competitors and peers
Offers insights into promising synergies for top players aiming to retain their leadership position in the market & supply side analysis of Pharma E-Commerce Market.
Pharma E-Commerce market research report puts forth thorough overview of the market where it identifies industry trends, determines brand awareness and influence, provides industry insights and offers competitive intelligence.

Regional Growth Analysis:

North America (the United States, Canada and Mexico)

Europe (Germany, UK, France, Italy, Russia and Turkey, etc.)

Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam)

South America (Brazil etc.)

The Middle East and Africa (North Africa and GCC Countries)

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Why buy this report?

The report offers a comprehensive evaluation of the Global Pharma E-Commerce Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.

The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.

Recent Development

In 2021, Medicure Inc. announced the launch of an innovative e-commerce pharmacy platform that provides hundreds of medications directly to millions of U.S. citizens. The main goal is to go beyond the conventional framework managed by health insurers and pharmacy benefit managers

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