E-pharmacy Market - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

E-pharmacy Market - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

The General Pharmaceutical Council defines an e-pharmacy or internet pharmacy as a registered pharmacy, which supplies medicines and other healthcare & personal care products and/or provides other professional services over the internet, or makes arrangements for the supply of such products or provision of such services over the internet.
Increasing customer preference towards e-pharmacy is attributed to ease and convenience in ordering and accessing websites. Customers can also access a wide range of products at competitive prices at single click of a button, which further increases consumer preference toward e-pharmacy stores. For instance, in 2016, according to a survey conducted by Consumer Online Foundation and Bureau of Research on Industry and Economic Fundamentals (BRIEF), 61% people prefer to buy medicines online in India.
Furthermore, as online pharmacies do not have a physical pharmacy, they are able to keep the costs low and can offer products at attractive prices. Therefore, lower prices, discounts, and varied package offers and free home delivery services with preferred time and address are some of the major advantages offered by e-pharmacy facilities.
Market Dynamics
E-pharmacy beauty and personal care (BPC) market was valued at USD 7.69 billion in 2021 and is predicted to grow further recording a CAGR of 11.4% over the forecast period. Factors such as changing lifestyles, rising number of youth and working population, along with increasing awareness about personal care and beauty products is contributing to high demand for personal care products.
In 2021, North America held dominant position in the global e-pharmacy (BPC) market. The market growth is driven by rising geriatric population along with growing disposable income. Increasing disposable income coupled with large base of young consumers is expected to boost demand for personal & beauty care products, thereby boosting the sales of e-pharmacy beauty and personal care products.
According to Trading Economics Statistics on Disposable Personal Income in the U.S., the disposable personal income in the U.S. averaged US$ 5,200.2 billion in 1959, which increased to US$ 15,742.81 billion in November 2021. Asia Pacific e-pharmacy (BPC) market is expected to exhibit a CAGR of over 14% during the forecast period.
Key features of the study:
This report provides in-depth analysis of e-pharmacy (BPC) and provides market size (US$ Billion) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential volume opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by key players
It profiles key players in the global e-pharmacy beauty and personal care (BPC) market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study include, Newpharma, LLOYDS Pharmacy Limited, Pharmacy2u Ltd., Gordons Direct, Shop Apotheke, McCabes Pharmacy, Pharmacy Store.Ie, CVS Health, Walgreen Company, Familymeds, Inc., The Medicine Shoppe Pharmacy, H E Butt Drug Stores, Publix Pharmacies, Cardinal Health, and Rite Aid Corporation
Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future products launches, technology up-gradation, market expansion, and marketing tactics
The global e-pharmacy market report caters to various stakeholders in this industry including investors, suppliers, e-pharmacy manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the e-pharmacy market
Detailed Segmentation:
Global E-pharmacy Beauty and Personal Care (BPC) Market, By Geography:
North America
U.S.
Canada
Mexico
Latin America
Brazil
Mexico
Argentina
Rest of Latin America
Europe
U.K.
Germany
Italy
France
Spain
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Middle East & Africa
Middle East
Africa
Company Profiles
North America-Company Profiles
CVS Health
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Future Plans
Walgreen Company
Familymeds, Inc.
The Medicine Shoppe Pharmacy
H E Butt Drug Stores
Publix Pharmacies
Cardinal Health
Rite Aid Corporation
Europe-Company Profiles
Newpharma
LLOYDS Pharmacy Limited
Pharmacy2u Ltd.
Gordons Direct
Shop Apotheke
McCabes Pharmacy
Pharmacy Store.Ie
Zur Rose Group
Asia Pacific-Company Profiles
MedPlus Health Services
A.S. Watsons Group
Netmeds Marketplace Limited
Jo-jo Drugstores, Inc.
111 Inc.
Chemist Warehouse
Guardian Health & Beauty
NHG Pharmacy
“*” marked represents similar segmentation in other categories in the respective section.