The e-pharmacy market report from The Business Research Company covers growth-driving insights such as e-pharmacy market size, e-pharmacy market trends and drivers, e-pharmacy market segmentation, e-pharmacy market competitive landscape and more

The e-pharmacy market is forecasted to achieve exponential growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than19%, as per The Business Research Company’s market report!

Read More On The E-Pharmacy Market Report 2022 – https://www.thebusinessresearchcompany.com/report/E-pharmacy-global-market-report

The E-Pharmacy Market Size In 2022 And Forecast

The global e-pharmacy market is expected to grow from $61.40 billion in 2021 to $74.55 billion in 2022 at a compound annual growth rate (CAGR) of 21.4%. The global e-pharmacy market is expected to grow to $153.44 billion in 2026 at a CAGR of 19.8%.

The e-pharmacy market consists of the sale of e-pharmacy services by entities (organizations, sole proprietorships, and partnerships) that are used by patients to order prescribed drugs using the internet.

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The Booming Digital Health Market Is Driving The Growth Of The E-Pharmacy Market

For instance, in June 2021, according to the Federation of Indian Chambers of Commerce & Industry (FICCI), an India-based non-governmental trade association, before the COVID-19 pandemic, 3.5 million families purchased online pharmaceuticals, and during the pandemic, the figure increased to 9 million, and by 2025, it is expected to reach 70 million. Therefore, booming digital health is driving the growth of the e-pharmacy market.

Competitive Landscape And The Regional Analysis Of The E-Pharmacy Market

Major players in the e-pharmacy market are Walgreen Company, Express Scripts Holding Company, CVS Health Corporation, DocMorris N.V, OptumRx, PharmEasy, Tata 1mg, Netmeds, Amazon Inc., Axelia Solutions Pvt Ltd, Apex Healthcare Berhad (Apex Pharmacy), Apollo Pharmacy, Doctors Rowlands Pharmacy, Optus Rx Inc., and Healthkart.

Additionally, as per TBRC’s research – North America was the largest region in the e-pharmacy market in 2021 holding the largest market share and Asia-Pacific is expected to be the fastest-growing region in the forecast period.

The E-Pharmacy Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the e-pharmacy market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the e-pharmacy market.

Product innovation – A Key Trend In The E-Pharmacy Market

Major players operating in the e-pharmacy market are focused on developing an innovative platform to strengthen their market position.

E-Pharmacy Market Segmentation By The Business Research Company

1) By Drug Type: Prescription Drugs, Over-the-Counter (OTC) Drugs

2) By Product Type: Skin Care, Dental, Cold and Flu, Vitamins, Weight Loss, Others

3) By Payment Method: Cash on Delivery, Online Payment

4) By Platform: App-Based, Web-Based

Here Are Some Reports Related To The E-Pharmacy Market –

Pharmacies And Drug Stores Global Market Report 2022

Healthcare E-Commerce Global Market Report 2022

Other Health And Personal Care Stores Global Market Report 2022

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