LONDON--(BUSINESS WIRE)--Technavio has been monitoring the pharma e-commerce market in Europe and it is poised to grow by USD 10.69 billion during 2020-2024, progressing at a CAGR of almost 14% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Frequently Asked Questions-
- Based on segmentation by product, which is the leading segment in the market?
- The Rx medicines are expected to be the leading segment based on product in the global market during the forecast period.
- What are the major trends in the market?
- The availability of multiple payment options is one of the major trends in the market.
- At what rate is the market projected to grow?
- Growing at a CAGR of almost 14%, the incremental growth of the market is anticipated to be USD 10.69 billion.
- Who are the top players in the market?
- apo-rot BV, Euro Apotheke K. Talu eK, Mail.Ru Group, McKesson Corp., myCARE e.K., ROSSMANN, SHOP APOTHEKE EUROPE N.V., UK Meds Direct Ltd., Walgreens Boots Alliance Inc., and Zur Rose Group AG. are some of the major market participants.
- What are the key market drivers and challenges?
- Increased internet penetration is one of the major factors driving the market. However, the illegal and counterfeit trading of drugs through e-pharmacy restraints the market growth.
- How big is the UK market?
- The UK region will contribute 40% of market growth.
The market is concentrated, and the degree of concentration will accelerate during the forecast period. apo-rot BV, Euro Apotheke K. Talu eK, Mail.Ru Group, McKesson Corp., myCARE e.K., ROSSMANN, SHOP APOTHEKE EUROPE N.V., UK Meds Direct Ltd., Walgreens Boots Alliance Inc., and Zur Rose Group AG. are some of the major market participants. The increased internet penetration will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Pharma E-commerce Market in Europe 2020-2024: Segmentation
Pharma E-commerce Market in Europe is segmented as below:
- The UK
- The Rest of Europe
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Pharma E-commerce Market in Europe 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The pharma e-commerce market in Europe report covers the following areas:
- Pharma E-commerce Market Size in Europe
- Pharma E-commerce Market Trends in Europe
- Pharma E-commerce Market Analysis in Europe
This study identifies the availability of multiple payment options as one of the prime reasons driving the pharma E-commerce market growth in Europe during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Pharma E-commerce Market in Europe 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist pharma E-commerce market growth in Europe during the next five years
- Estimation of the pharma E-commerce market size in Europe and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the pharma E-commerce market in Europe
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of pharma E-commerce market vendors in Europe
Table of Contents:
- Market Overview
- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five Forces Summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product placement
- Rx - Market size and forecast 2019-2024
- OTC - Market size and forecast 2019-2024
- Market opportunity by Product
- Geographic segmentation
- Geographic comparison
- UK - Market size and forecast 2019-2024
- Germany - Market size and forecast 2019-2024
- Rest of Europe - Market size and forecast 2019-2024
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Volume driver - Demand led growth
- Volume driver - Supply led growth
- Volume driver - External factors
- Volume driver - Demand shift in adjacent markets
- Price driver - Inflation
- Price driver - Shift from lower to higher priced units
- Market challenges
- Market trends
- Vendor landscape
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- apo-rot BV
- Euro Apotheke K. Talu eK
- Mail.Ru Group
- McKesson Corp.
- myCARE e.K.
- SHOP APOTHEKE EUROPE N.V.
- UK Meds Direct Ltd.
- Walgreens Boots Alliance Inc.
- Zur Rose Group AG
- Scope of the report
- Currency conversion rates for US$
- Research methodology
List of abbreviations
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