ePharmacy Market Research Report Information By Drug Type (Prescription Drugs, and Over the Counter (OTC) Drugs), By Operating Platform (App and Website), By Business Model (Pharmacy and Direct), And By Region (Europe, Asia-Pacific, North America, And Rest Of The World) – Market Forecast Till 2030

The ePharmacy Market Size is projected to grow from USD 74.13 Billion in 2023 to USD 150.29 billion by 2030, exhibiting a CAGR of 12.50% during the forecast period (2023 – 2030).

E-prescriptions at hospitals and other healthcare institutions as well as the rising number of internet users all contribute to the expansion of the e-pharmacy industry. The primary advantage of e-prescriptions is that they make it easy to obtain drugs online without leaving the comfort of your own home; all you have to do is submit your prescription to the e-pharmacy website. Therefore, the rising use of e-prescriptions has made it easier and faster to submit prescriptions online.

By communicating prescriptions electronically, rather than by hand, the “e-prescription” system helps healthcare practitioners reduce their paper footprint. To ensure their patients get their medications quickly, doctors increasingly prefer electronic prescriptions. The United Kingdom, among other places, is focusing more on expanding the use of electronic prescriptions. Rising internet penetration, an increase in the number of internet-savvy customers, and improvements in the digitization of medical care are all factors contributing to the expansion of this industry.

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Customers who choose to shop online due to its convenience are also adding to the increase. The expansion of healthcare e-commerce and digital applications is expected to drive overall expansion. India is one of the countries that is using the fight against the spread of COVID-19 as a springboard to create more robust healthcare infrastructure. The expansion of the healthcare market may be aided by the government’s efforts to improve the system as a whole. 

Competitive Analysis

Key Companies in the market of ePharmacy include 3M, Braun Melsungen AG, Baxter International INC, Smith & Nephew Plc, Cardinal Health, Coloplast Corp., ConvaTec Group Plc, Integra Lifesciences Holdings Corporation, Mölnlycke Health Care AB, Avery Dennison Corporation, and Hyphens Pharma International Limited.

Market Segmentation

The market segments of ePharmacy, based on the drug type, includes prescription drugs, and over the counter (OTC) drugs.

The ePharmacy market data has been bifurcated by operating platform into app and website.

Regional Analysis

The North America EPharmacy market was worth USD 30.18 billion in 2022 and is expected to grow at a significant CAGR during the study period, owing to the general public’s reliance on online delivery of consumables such as vitamins, nutritional supplements, and cosmetics, which is expected to have a positive impact on ePharmacy market trends.

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Because of the advantageous prices offered by key market players, Europe’s EPharmacy market accounts for the second-largest market share. The market’s expansion is fueled by the substantial presence of biotech enterprises. Major European firms are increasingly focusing on implementing AI-based analytical tools to improve operational efficiency, which is also vital for market growth. Furthermore, the German ePharmacy market had the biggest market share, while the UK ePharmacy market was the fastest expanding in the European area.

The Asia-Pacific ePharmacy market is expected to expand at the quickest CAGR from 2023 to 2030, owing to the entry of major industry players, rising healthcare IT expenditures, developing healthcare infrastructure, rising internet penetration, and greater usage of e-commerce websites. Furthermore, the China ePharmacy market held the biggest market share, while the India Kingdom ePharmacy market was the fastest expanding in the area.

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