North America E-pharmacy Market, By Product Type, and By Country (U.S. and Canada)-Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030
E-pharmacy, also known as electronic pharmacy or internet pharmacy, is an online retail platform that acts as an intermediary between customers and vendors to enable the sale of medicines. It offers round-the-clock delivery of drugs, access to comprehensive information on prescribed drugs, and transparency in prices. Patients need not physically visit the pharmacies to receive their medication but can instead order the drugs online. E-pharmacy deals with the sales and distribution of pharmaceutical and medical products through online channels. E-pharmacy involves the use of information, communication, and technology in medical products, and services. Any pharmacy can become an e-pharmacy, as long as it has computerized services, an active internet connection, and a working, detailed website. Pharmacies can offer their products and services online website to customers.
Market Dynamics
An increasing adoption of the internet is expected to propel growth of the North America e-pharmacy market over the forecast period. For instance, according to the Pew Research Center, the percentage of households with broadband connections in the U.S. increased from 68% in January 2021 to 77% in February 2022. Moreover, Increasing consumer spending on healthcare and personal care products is expected to drive growth of the North America e-pharmacy market in the region. According to the U.S. National Health Expenditures 2021 Highlights, the U.S. health care spending was US$ 4.3 trillion, accounting to an average spending of around US$ 50,368 per person in 2022. Moreover, the overall share of gross domestic product (GDP) related to healthcare spending increased to 27.9% in 2019 from 21.7% in 2020.
Moreover, an increase in the launch of e-pharmacies in developing countries is expected to drive the market's growth over the forecast period. For instance, in January 2022, Hyphens Pharma International Limited formally launched its WellAway e-pharmacy in Singapore. Kellaway is the first e-pharmacy in Singapore to be registered with the Health Sciences Authority (HSA). It is a digital platform where patients can get e-prescriptions from licensed medical professionals, and the recommended medication will be safely and securely supplied. Such initiatives are expected to drive market growth due to a rise in the adoption of e-pharmacy services in Asian countries.
Key features of the study:
This report provides an in-depth analysis of the global North America E-pharmacy market and provides market size (US$ Billion) and compound annual growth rate (CAGR) for the forecast period (2023–2030), considering 2022 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global North America E-pharmacy market based on the following parameters–Company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include include CVS Caremark, Zur Rose Group AG, PlanetRX.com Inc., Walgreen Company, Familymeds, Inc, Medisave, The Kroger Co., Cigna, Optum Rx, Inc, Giant Eagle, The Kroger Co., Walmart, Inc., Express Scripts Holding Company, Optum Rx, Inc., Rowlands Pharmacy, Apollo Pharmacy and Netmeds.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global North America E-pharmacy market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global North America E-pharmacy market
Detailed Segmentation:
Global North America E-pharmacy Market, By Product Type:
Prescription
Over-the-counter
Global North America E-pharmacy Market, By Country:
U.S.
Canada
Company Profiles
CVS Health
Zur Rose Group AG
PlanetRX.com
Walgreen Company
Familymeds, Inc
Medisave,
The Kroger Co.
Cigna
Optum Rx, Inc
Giant Eagle
The Kroger Co.
Walmart, Inc.
Express Scripts Holding Company
Optum Rx, Inc.
Rowlands Pharmacy
Apollo Pharmacy
Netmeds
1. Research Objective and Assumption
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Product Type
Market Snippet, By Country
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
Market Opportunities
Impact Analysis
Key Developments
Epidemiology
Merger, Acquisition, and Collaborations
Regulatory Scenario
PEST Analysis
4. North America E-pharmacy Market– COVID-19 Impact Analysis
Economic Impact
COVID-19 Epidemiology
Impact on Supply and Demand
5. North America E-pharmacy Market, By Product Type, 2018–2030 (US$ Bn)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2018–2030
Segment Trends
Prescription
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018–2030, (US$ Bn)
Segment Trends
Over-the-counter
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018–2030, (US$ Bn)
Segment Trends
6. North America E-pharmacy Market, By Country, 2018–2030 (US$ Bn)
Introduction
Market Size and Forecast, By Product Type, 2018–2030, (US$ Bn)
Market Size and Forecast, By Country, 2018–2030, (US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, 2018–2030, (US$ Bn)
U.S.
Market Size and Forecast, By Product Type, 2018–2030, (US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, 2018–2030, (US$ Bn)
Canada
Market Size and Forecast, By Product Type, 2018–2030, (US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, 2018–2030, (US$ Bn)
7. Competitive Landscape
Company Profiles
CVS Health
Company Overview
Product Portfolio
Financial Performance
Recent Highlights
Strategies
Zur Rose Group AG
Company Overview
Product Portfolio
Financial Performance
Recent Highlights
Strategies
PlanetRX.com
Company Overview
Product Portfolio
Financial Performance
Recent Highlights
Strategies
Walgreen Company
Company Overview
Product Portfolio
Financial Performance
Recent Highlights
Strategies
Familymeds, Inc
Company Overview
Product Portfolio
Financial Performance
Recent Highlights
Strategies
Medisave
Company Overview
Product Portfolio
Financial Performance
Recent Highlights
Strategies
The Kroger Co.
Company Overview
Product Portfolio
Financial Performance
Recent Highlights
Strategies
Cigna
Company Overview
Product Portfolio
Financial Performance
Recent Highlights
Strategies
Optum Rx, Inc
Company Overview
Product Portfolio
Financial Performance
Recent Highlights
Strategies
Giant Eagle
Company Overview
Product Portfolio
Financial Performance
Recent Highlights
Strategies
The Kroger Co.
Company Overview
Product Portfolio
Financial Performance
Recent Highlights
Strategies
Walmart, Inc.
Company Overview
Product Portfolio
Financial Performance
Recent Highlights
Strategies
Express Scripts Holding Company
Company Overview
Product Portfolio
Financial Performance
Recent Highlights
Strategies
Optum Rx, Inc.
Company Overview
Product Portfolio
Financial Performance
Recent Highlights
Strategies
Rowlands Pharmacy
Company Overview
Product Portfolio
Financial Performance
Recent Highlights
Strategies
Apollo Pharmacy
Company Overview
Product Portfolio
Financial Performance
Recent Highlights
Strategies
Netmeds
Company Overview
Product Portfolio
Financial Performance
Recent Highlights
Strategies
8. Section
References
Research Methodology
About us and Sales Contact
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