Saudi Arabia E-Pharmacy Market Overview, 2028

Saudi Arabia E-Pharmacy Market Overview, 2028

Saudi Arabia, being the largest market in the Middle East region, presents better investment opportunities for entrepreneurs, and this is additionally augmented with mandatory licenses and corporatization /privatization of the healthcare sector in the country. Population growth in the Saudi Arabia is the key growth driver for the E-Pharmacy in Saudi Arabia. Furthermore, high levels of urbanization and a strong expatriate presence likewise support pharmaceutical sales growth in the region. Vision 2030 which is recently launched in Saudi Arabia is an incredible motive to advance online pharmacy as it will authorize health insurance, privatize/corporatize healthcare in Saudi Arabia, and welcome foreign investors in all parts of the industry including pharma. This accompanied incredible governmental support for foreign investors. The demand for e-pharmacy is as of now witnessing robust growth in Saudi Arabia, essentially due to the increasingly advanced and improved healthcare industry. Moreover, rapidly increasing online shopping sections further aid the growth of the Saudi Arabia e-pharmacy market in the upcoming time frame. Also, the recent pandemic situation became a major reason behind consumer inclination toward e-pharmacy. Saudi Arabia has been increasing its healthcare spending to enhance healthcare infrastructure and services. E-pharmacies provide an avenue for cost-effective healthcare delivery, reducing expenses related to physical pharmacies, such as rental space and personnel costs. In addition, the private sector in Saudi Arabia has been actively investing in e-commerce ventures, including e-pharmacies. The influx of private investment has fueled the growth of e-pharmacy startups and the development of innovative digital healthcare solutions.

According to the research report ""Saudi Arabia E-Pharmacy Market Overview, 2028,"" published by Bonafide Research, the Saudi Arabia e-pharmacy market is anticipated to reach market size more than USD 2.7 Billion by 2028. The boom in the healthcare sector coupled with high operational costs has created the need to cut operational costs with the implementation of ePharmacy solutions. Ease of purchasing, quality services, availability of a range of medications, and increasing accessibility to the internet have shifted the customer preference towards e-pharmacy platforms. Further, a significant increase in the number of smartphone users is expected to impel the Saudi Arabia market as it enables e-pharmacy players to capture a broad range of customer base across developed and developing economies. The government has encouraged the provision of telehealth services, including e-pharmacy consultations and medication delivery. Telehealth enables patients to consult healthcare professionals remotely and receive prescriptions electronically, which can then be fulfilled by e-pharmacies. This initiative enhances healthcare accessibility, especially for individuals in remote areas. The government has launched awareness campaigns to educate the public about the benefits of e-pharmacy and promote its safe and responsible use. These campaigns aim to build trust in e-pharmacy platforms, raise awareness about the regulatory framework, and encourage individuals to utilize digital healthcare services.

Saudi Health Informatics Conference (SHIC), SHIC is an annual conference that focuses on health informatics and digital healthcare in Saudi Arabia. It serves as a platform for sharing research findings, discussing best practices, and exploring the latest trends in healthcare technology, including e-pharmacy. The conference brings together healthcare professionals, researchers, and industry leaders to discuss the challenges and opportunities in e-pharmacy development. The Saudi Health Exhibition and Conferences is one of the largest healthcare events in Saudi Arabia. It brings together healthcare professionals, industry experts, and technology providers to showcase the latest advancements in healthcare, including e-pharmacy solutions. The event features conferences, workshops, and an exhibition where participants can explore e-pharmacy platforms, technologies, and services.

According to product type, the market is segmented into Skin Care (Skin diseases & skin injuries), Allergy & food intolerance, Stomach, Intestines & Digestion, Diabetes Care, Heart care, circulation & veins, BP, cholstrol, 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 skin care (Skin diseases & skin injuries) products are leading the market of E-pharmacy with highest market share as well. For individuals undergoing ongoing treatment for chronic skin conditions, e-pharmacies offer the convenience of follow-up consultations and repeat prescription orders. This simplifies the process of obtaining necessary medications and ensures continuity of care, further driving the demand for skincare products and treatments through online platforms. Skin conditions can be sensitive and personal in nature. Some individuals may feel more comfortable seeking treatment online, where they can maintain privacy and discretion. E-pharmacies allow customers to discreetly purchase skincare products, seek advice from healthcare professionals, and address their skin concerns without face-to-face interactions. Skin diseases and injuries are common health concerns, affecting a significant portion of the population. In the Saudi Arabia, factors such as the climate, environmental conditions, and lifestyle habits can contribute to various skin issues. Consequently, there is a high demand for effective skincare products and treatments, making it a lucrative market for e-pharmacies.

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

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

By Product Type
• Skin Care (Skin diseases & skin injuries)
• Allergy & food intolerance, Stomach, Intestines & Digestion
• Diabetes Care
• Heart care, circulation & veins, BP, cholstrol
• 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)

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

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 list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports 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 conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the 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.