Australia E-Pharmacy Market Overview, 2028

Australia E-Pharmacy Market Overview, 2028

E-pharmacy in Australia operates within a well-established regulatory framework. The Therapeutic Goods Administration (TGA) oversees the regulation of medicines and medical devices in the country, including those sold through e-pharmacy platforms. Strict regulations ensure the quality, safety, and efficacy of medications available online. Furthermore, the Pharmacy Guild of Australia is an influential organization representing community pharmacies in the country. It plays a vital role in shaping policies and advocating for the interests of community pharmacists, including those engaged in e-pharmacy. The Guild works to maintain high standards of practice and ensure the delivery of quality healthcare services. Moreover, e-pharmacy platforms in Australia provide medication management services to support patients in adhering to their prescribed treatments. This may include medication reminders, dosage instructions, and personalized packaging, such as blister packs, to help individuals organize and take their medications correctly. In addition, e-pharmacy platforms in Australia offer reliable and efficient medication delivery services. They partner with trusted courier services to ensure the timely and secure delivery of medications to customers' homes or preferred locations. Some platforms provide options for express or same-day delivery, enhancing convenience for patients.

According to the research report ""Australia E-Pharmacy Market Overview, 2028,"" published by Bonafide Research, the Australia e-pharmacy market is projected to reach market size more than USD 7.5 Billion by 2028. E-pharmacy platforms in Australia are increasingly developing mobile applications and digital solutions to cater to the preferences of tech-savvy consumers. Mobile apps offer features such as easy prescription uploads, medication reminders, product browsing, secure payment options, and order tracking. These digital solutions provide a convenient and user-friendly experience for customers. Furthermore, e-pharmacy platforms in Australia are increasingly offering subscription-based services. Customers can subscribe to regular deliveries of their prescription medications or healthcare products, ensuring a convenient and consistent supply. Subscription services provide benefits such as automatic refills, discounted prices, and personalized delivery schedules. Moreover, some e-pharmacy platforms are exploring the integration of point-of-care testing. They offer at-home testing kits for conditions such as diabetes, cholesterol, or sexually transmitted infections. Customers can perform tests at home and receive accurate results, enabling early detection and monitoring of certain health conditions. In addition, some e-pharmacy platforms are integrating AI-powered symptom checkers into their services. Users can input their symptoms and receive suggestions for possible conditions or recommended over-the-counter remedies. This feature assists users in self-assessing their health concerns and seeking appropriate products or professional guidance.

The orthopaedic category in the Australian e-pharmacy market focuses on products that cater to individuals with musculoskeletal conditions, specifically related to muscles, bones, and joints. E-pharmacy platforms offer a variety of orthopaedic products such as braces, supports, compression garments, joint supplements, pain relief creams, and rehabilitation equipment. These products aim to alleviate pain, support joint health, aid in recovery, and assist in managing orthopaedic conditions. The demand for orthopaedic products is driven by factors like an ageing population, sports-related injuries, and the need to maintain an active and healthy lifestyle. Furthermore, naturopathy is a growing healthcare approach in Australia that focuses on natural therapies and remedies to support the body's healing processes. Naturopathic products available through e-pharmacy platforms include herbal supplements, dietary and nutritional supplements, homoeopathic remedies, natural skincare products, and other natural health products. In addition, painkillers are an essential category in the Australian e-pharmacy market, catering to individuals seeking relief from various types of pain. E-pharmacy platforms offer a range of over-the-counter painkillers such as paracetamol, ibuprofen, and aspirin, as well as topical analgesics and pain relief creams.

The Therapeutic Goods Administration (TGA) is the regulatory body responsible for the regulation and oversight of therapeutic goods in Australia. It ensures that medicines, medical devices, and other healthcare products available on the market, including those sold through e-pharmacy platforms, meet the required safety, quality, and efficacy standards. Furthermore, the Pharmacy Board of Australia (PBA) is the national regulatory authority for pharmacists in Australia. It sets the standards for pharmacy practice, including the provision of e-pharmacy services. The PBA ensures that pharmacists providing e-pharmacy services meet the necessary qualifications, adhere to professional standards, and follow relevant regulations and guidelines. In addition, the Australian Digital Commerce Association (ADCA) is an industry association that represents the digital commerce sector in Australia, including e-pharmacy businesses. It works to promote the growth and development of digital commerce, advocate for favorable regulatory environments, and facilitate collaboration among industry stakeholders.

Start-ups:
• InstantScripts is an online platform that offers telehealth consultations and prescription services. Users can consult with a doctor online and receive prescriptions that can be directly sent to their preferred pharmacy or delivered to their doorstep.
• Cincera is an e-pharmacy start-up that focuses on providing personalized medication management services. They offer medication packaging and delivery services, along with digital tools to help users manage their medications more effectively.
• Medmate is a mobile app that connects patients with nearby pharmacies for prescription fulfillment. Users can upload their prescriptions, select a pharmacy, and have their medications prepared for pickup or delivered to their location.

Considered in this report
• Geography: Australia
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report
• Australia E-Pharmacy market with its value and forecast along with its segments
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Drug Type
• Prescription drug
• Over-the-counter drug

By Product Type Channel
• Skin Care (Skin diseases & skin injuries)
• Allergy & food intolerance, Stomach, Intestines & Digestion
• Diabetes Care
• Heart care, circulation & veins, BP, cholesterol
• Orthopedic (muscles, bones, joints)
• Urology (Bladder, Kidney & Prostate)
• Animal pharmacy
• Naturopathy
• ENT (Eyes, ears, Tooth & Mouth)
• Cold flu
• vitamins & minerals
• Cosmetics
• Painkiller
• Others (gynec, Calm down, sleep & stress, sexuality, Lose weight, Diet & Lifestyle, Self-tests & everyday aids, smoking cessation)

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to ready to E-Pharmacy industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.