DUBLIN--(BUSINESS WIRE)--The "Online Pharmacy Market 2020-2026" report has been added to ResearchAndMarkets.com's offering.
The global online pharmacy market is anticipated to at a CAGR of 16.8% during the forecast period. A surge in internet penetration and an increase in the adoption of smart devices such as smartphones, and laptops have boosted the number of citizens inclined toward online pharmacy. Presently, online social media has gained major popularity, which makes it easier for individuals to get more and more information on medications and relevant data, consequently ordering pharmaceuticals online.
The online delivery of pharmaceuticals is increasing due to diverse regulatory, economic, and cultural environments. Over three decades ago, before the introduction of the world wide web, people were not much aware of the internet. However, now with the changing trend, the internet has become an essential tool across the globe. It is widely used in pharmacies and among doctors with the emerging trend of online pharmacy. An online pharmacy sells medicines online, which includes independent internet-only sites, online branches of brick-and-mortar pharmacies, and sites representing partnerships with other brick and mortar pharmacies.
The global online pharmacy market is segmented based on medicine type. Based on medicine type, the online pharmacy market is segmented into OTC medicines and prescription medicines. OTC medicines are estimated to be the dominating medicine type sub-segment, growing at a substantial CAGR.
Geographically, the global online pharmacy market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. In the US, the online pharmacy market is mainly prescription-based. However, there is a limited presence of prescription based online pharmacies in Europe, unlike the US. Among other regions, Europe is the second-largest market for online pharmacy, while North America is the largest one. Moreover, in the APAC region, online pharmacy is anticipated to increase owing to the surge in investments and several government initiatives to improve the healthcare infrastructure. India and China are estimated to be the major contributors in the region with prominent market shares.
Companies Mentioned
- Amazon.com, Inc. (PillPack)
- BioPlus Specialty Pharmacy Services, Inc.
- Carepoint Healthcare LLC (Carepoint Pharmacy)
- Caremark LLC (CVS Pharmacy)
- DocMorris N.V.
- Express Scripts Holding Co.
- Giant Eagle, Inc.
- Specialty Medical Drugstore (GoGoMeds.com)
- MonCoinSante
- Digital Pharmacist, Inc. (myCARE)
- Pharmacy Newpharma B.V. (Newpharma)
- OptumRx, Inc.
- Parafarmacia-online
- rx-24-online.com
- Shop Apotheke Europe N.V.
- The Kroger Company
- UK Meds Direct, Ltd.
- Walgreen Company
- Walmart, Inc.
- Woori Pharmacy
The Report Covers:
- Comprehensive research methodology of the global online pharmacy market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global online pharmacy market.
- Insights about market determinants which are stimulating the global online pharmacy market.
- Detailed and extensive market segments with the regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
Key Topics Covered:
1. Report Summary
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Impact of COVID-19 on the Industry
2.3. Analyst Insight & Current Market Trends
2.3.1. Key Findings
2.3.2. Recommendations
2.3.3. Conclusion
3. Competitive Landscape
3.1. Key Strategy Analysis
3.2. Key Company Analysis
3.2.1. Amazon.com, Inc. (PillPack)
3.2.1.1. Overview
3.2.1.2. Financial Analysis
3.2.1.3. SWOT Analysis
3.2.1.4. Recent Developments
3.2.2. Caremark LLC (CVS Pharmacy)
3.2.2.1. Overview
3.2.2.2. Financial Analysis
3.2.2.3. SWOT Analysis
3.2.2.4. Recent Developments
3.2.3. Giant Eagle, Inc.
3.2.3.1. Overview
3.2.3.2. Financial Analysis
3.2.3.3. SWOT Analysis
3.2.3.4. Recent Developments
3.2.4. Shop ApothekeEurope N.V.
3.2.4.1. Overview
3.2.4.2. Financial Analysis
3.2.4.3. SWOT Analysis
3.2.4.4. Recent Developments
3.2.5. The Kroger Company
3.2.5.1. Overview
3.2.5.2. Financial Analysis
3.2.5.3. SWOT Analysis
3.2.5.4. Recent Developments
4. Market Determinants
4.1 Motivators
4.2 Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Online Pharmacy Market by Medicine Type
5.1.1. OTC Medicines
5.1.2. Prescription Medicines
6. Regional Analysis
6.1. North America
6.2. Europe
6.3. Asia-Pacific
6.4. Rest of the World
7. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/7nc2t5
