Smartphone penetration is also contributing to market growth. Smartphone penetration was 65.0% in 2019 and is expected to reach 80.0% by 2025, according to The Mobile Economy 2020. The expansion of the healthcare industry, combined with high operational costs, has created a need to reduce operational costs through the implementation of ePharmacy solutions. The rising prevalence of chronic diseases is driving up demand for various healthcare products, including drugs. This reflects the growing global adoption of online drug purchasing channels.
According to a recent KPMG-FICCI report, the e-pharmacy market in India is expected to grow at a compound annual growth rate (CAGR) of around 40-45 percent in the future, owing to rising internet penetration, digital payments, and government support. According to the KPMG-FICCI study titled "Impact of the Pharma Industry on the Indian Economy in the Post-Covid Era," e-pharmacies have tremendous growth potential and will continue to grow at a rapid pace in India. Some of the key factors include increasing internet penetration and digital payment infrastructure, as well as an increase in industry investments and medicine.
The pandemic has changed the priorities of health-care systems all over the world. It has prompted developing economies to reconsider their urban infrastructure priorities. Many countries faced the challenge of combating the pandemic while also advancing other healthcare goals. Countries such as India are turning the urgency of combating COVID-19's spread into opportunities to build more resilient health systems. Increased government emphasis on advancement and improvement in the overall healthcare system can help drive market growth.
Despite the fact that medical stores were classified as essential services, online pharmacies emerged as one of the biggest beneficiaries of the pandemic-induced lockdown, as people preferred to buy medicines online to avoid the risk of disease spread. Walgreens and Labcorp, a prominent global life sciences firm, launched Pixel by Labcorp, its (COVID-19 at-home collection kit), PCR test in March 2022. Furthermore, because Walgreens includes the kits, which are supplied in collaboration with the US Department of Health and Human Services, many communities can easily obtain testing services (HHS).
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Key players in the global ePharmacies market covered in Chapter 5:
OptumRx, Inc.
Zur Rose Group AG
Rowlands Pharmacy
InternationalDrugMart.com
1mg Technologies Pvt. Ltd.
Express Scripts Holding Company
Canada Drugs)
T.mall.com
The Kroger Company
Giant Eagle, Inc.
Lloyds Pharmacy Ltd.
DocMorris NV
Wal-Mart Stores, Inc.
eDrugstore.com
Dr Fox Pharmacy
Walgreen Co.
Sanicare-Apotheke
MediSave
Yihaodian
PlanetRx
Netmeds Marketplace Limited
In Chapter 6, on the basis of types, the ePharmacies market from 2015 to 2025 is primarily split into:
Prescription Drugs
Over-the-counter (OTC) Drugs
In Chapter 7, on the basis of applications, the ePharmacies market from 2015 to 2025 covers:
eCommerce
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2015-2025) of the following regions are covered in Chapter 8-13:
North America
United States
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Russia
Others
Asia-Pacific
China
Japan
South Korea
Australia
India
South America
Brazil
Argentina
Columbia
Middle East and Africa
UAE
Egypt
South Africa
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