The ePharmacy market was estimated to be worth USD 65.1 billion globally in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 21.1% over the course of the forecast period. A growing number of tech-savvy consumers, better digitalization of healthcare services, and increased internet penetration worldwide are the main drivers of market expansion.

E-commerce and the growing use of digital technologies are driving market expansion. The market is expanding because to the ease of buying medications and other healthcare-related items online. Patients who are unable to leave their homes and chronic old patients from nuclear families both greatly benefit from ePharmacy's quicker access. To enable smooth transactions, numerous e-pharmacy platforms provide a range of payment methods, such as digital wallets, online banking, and payment gateways.

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Growth Drivers

The expansion of e-commerce has made it easier for ePharmacy to acquire a sizable clientele in both developed and developing nations. This generation of millennials is heavily dependent on online shopping for products like over-the-counter medications and cosmetics. Additionally, a number of startups are emerging globally as a result of the introduction of new algorithms and information technologies that improve customer pleasure and experience.

The healthcare sector is undergoing a change thanks to the growing trend of digitization, which is pushing for the adoption of digital technology by clinics, hospitals, assisted living facilities, and pharmacies in order to improve operational efficiency. As a result, more people are using internet platforms to buy different medications and healthcare supplies. Online pharmacies' convenience is one of the main drivers propelling the pharmacy sector. Customers can order necessary medical supplies and medications from these pharmacies while lounging in their homes.

Segmentation

By Drug Type 

·         Over-the-counter Drugs

·         Prescription Drugs

By Product Type 

·         Skin Care

·         Dental

·         Cold & Flu

·         Vitamins

·         Weight Loss

·         Other

By End-user 

·         Hospitals & Clinics

·         Primary Care Centers

·         Nursing Homes

·         Home Care Settings

·         Others

By Platform

·         App-based

·         Web-based

By Payment Method

·         Online Payment 

·         Cash On Delivery

By Region

·         Asia-Pacific

·         North America

·         Latin America

·         Middle East and Africa

·         Europe

Key Players

·         The Kroger Co.

·         Walgreen Co.

·         Giant Eagle, Inc.

·         Walmart, Inc.

·         Express Scripts Holding Company

·         CVS Health

·         Optum Rx, Inc.

·         Rowlands Pharmacy

·         DocMorris (Zur Rose Group AG)

·         Cigna Corporation (Express Scripts Holdings)

·         Amazon.com Inc.

·         Axelia Solutions (Pharmeasy)

·         Apex Healthcare Berhad (Apex Pharmacy)

·         Apollo Pharmacy

·         Netmeds

·         Other Players

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