The scope of the global ePharmacy Market was appreciated at US$ 33.03 billion in 2016. The range is projected to touch US$ 109.2 billion by 2025, growing at a CAGR of 14.8% for the duration of the forecast.
This is attributed to the upsurge
in pharmaceutical products’ sale through electronic media. The use of Internet
has been increasing at an alarming rate in the present scenario. Besides, rise
in geriatric population calls for availability of medicines at the doorstep.
This is another factor bolstering the e-Pharma market.
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Market Synopsis of EPharmacy Market:
The ePharmacy market is segmented
based on mode and geography. By mode, it comprises direct and aggregator. By
geography, the segmentation goes like North America (U.S., Mexico, and Canada),
Europe (France, UK, Italy, Russia, Germany, and the rest of Europe), LATAM
(Columbia, Argentina, Brazil, and the rest of LATAM), Asia Pacific (Japan,
China, South Korea, Southeast Asia, India, and the rest of Asia Pacific), and
MEA (Nigeria, Egypt, UAE, Saudi Arabia, and rest of MEA). North America leads
the market; thanks to immediate adoption of advanced technology coupled with
extensive spending on healthcare. Asia Pacific comes in second; with India
being the torchbearer.
Indian market on the roll:
India is into rapid adoption of
e-Commerce with improvement in digital payments’ infrastructure and
mobile-first consumer behavior. Plus, government is increasingly focusing on
quicker adoption of internet and healthcare spending. This is bound to not only
add to the value for customers but also create loads of B2B opportunities
henceforth. The verticals like fintech, consumer tech, e-Commerce, and
hyperlocal space are looking upon e-Pharma as a promising investment in India
as well as globally.
Indian players also have
omnichannel presence; especially in the emerging tier-2 or tier-3 towns who are
hands on with healthcare spending. This factor is also likely to boost the
ePharmacy industry all over.
Players:
The players contributing to the
ePharmacy market include Aurobindo Pharma, Doc Morris, Boehringer Ingelheim,
AbbVie Contract Manufacturing, Express Scripts Holding Company, Walmart Stores,
Inc., Pfizer Centre Source, Optum Rx, Inc., Walgreen Co., CVS Health, Inc., and
Giant Eagle.
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Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 EPharmacy: Market
Variables, Trends & Scope
Chapter 4 EPharmacy: Product
Estimates & Trend Analysis
Chapter 5 EPharmacy: Application
Estimates & Trend Analysis
Chapter 6 EPharmacy: End-use
Estimates & Trend Analysis
Chapter 7 EPharmacy: Industrial
End-use Estimates & Trend Analysis
Chapter 8 EPharmacy: Regional
Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 EPharmacy:
Manufacturers Company Profiles
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