Worldwide Online Pharmacy Industry to 2025 - Increase In Health Awareness & Demand For Self-Medication Presents Opportunities

News provided by

Oct 01, 2020, 14:45 ET

DUBLIN, Oct. 1, 2020 /PRNewswire/ -- The "Online Pharmacy Market - Global Outlook & Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering.

The global online pharmacy market by revenue is expected to grow at a CAGR of over 20% during the period 2019-2025.

The global online pharmacy market size is likely to cross revenues of over $131 billion by 2025, growing at a CAGR of over 20% during the forecast period. The industry is heading toward unprecedented growth in developing and developed economies. The US, the UK, France, Germany, Italy, Spain, China, India, and Japan are the key growth potential markets across the world.

The increasing internet penetration and the growth in awareness of online OTC benefits are major factors contributing to the growth potential in the US and Germany. The importance of pharmaceutical care is growing with the increase in the need and demand for self-care such as self-medication. Self-care is gradually enhancing due to an increase in health awareness in the population both in developed and developing economies. The increase in demand for self-care is expected to increase the demand for online services, especially for OTC medicines. The role of pharmacies has been changing over the years. they are no longer medicine and medicinal product suppliers but also are involved in the provision of other health care services. The increased collaboration is another significant driver contributing to the growth of the market with online pharmacy companies collaborating with MedTech, health tech, and insurance companies to increase their reach and revenue.

The following factors are likely to contribute to the growth of the online pharmacy market during the forecast period:

Rise in Economic Growth, Per Capita Income, & Healthcare Expenditure
Increase in Health Awareness & Demand for Self-medication
Increased Collaboration among Stakeholders
Availability of large Product Offerings, Competitive Price, Heavy Promotion, and Different Business Models

The study considers the present scenario of the online pharmacy market and its market dynamics for the period 2019-2025. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market.

Prominent Vendors

Zur Rose Group
SHOP APOTHEKE
Kroger
Walmart Stores
CVS Health
Cigna (Express Scripts)
Giant Eagle

Other Prominent Vendors

UK Meds
NorthWestPharmacy.com
Japan Health Center
AMX Holdings
BioPlus Specialty Pharmacy
Carepoint Pharmacy
Medvantx
parafarmacia-online
GoGoMeds
Newpharma
MonCoinSant
MEDS
AZETA
LloydsPharmacy
Oxford Online Pharmacy
Chemist 4 U
Simple Online Pharmacy
myCARE
The Canadian Pharmacy
Juvalis
Apotea
Chemist Direct
Lkrna WPK
Pharmacy2U
Index Medical
InhousePharmacy
Prvalekarna
Cocooncenter
DeOnlineDrogist
MedExpress
Farmacia Internacional
Foundation Care
Lekarnar
BestPharmacy
Pharm24
Pharmacy4u
Vamida
Sanicare
1MG Technologies
Netmeds
MedLife
Nunokame
Walgreens Boots Alliance

Key Questions Answered
1. What is the online pharmacy market size and growth rate during the forecast period?
2. What are the factors impacting the growth of the online pharmacy market share?
3. How is the growth of the prescription medicine segment influencing the growth of the global online pharmacy market?
4. Who are the leading vendors in the online pharmacy market and what are their market share?
5. What is the impact of the COVID-19 pandemic on the online pharmacy market shares?

Key Topics Covered:

1 Research Methodology

2 Research Objectives

3 Research Process

4 Scope & Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope Of The Study

5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation

6 Market at a Glance

7 Introduction
7.1 Overview

8 Impact of COVID 19
8.1 COVID-19 Impact
8.2 COVID-19 Impact On Global Trade

9 Market Opportunities & Trends
9.1 Rise In Economic Growth, Per Capita Income, & Healthcare Spend Expenditure
9.2 Increase In Health Awareness & Demand For Self-Medication
9.3 Increased Collaboration Among Stakeholders
9.4 Competitive Price, Heavy Promotion & Different Business Models

10 Market Growth Enablers
10.1 Growing Internet Penetration
10.2 Rising Implementation Of E-Prescriptions In Hospitals And Other Healthcare Services
10.3 Improving Online Payment
10.4 Increase In Chronic Diseases And Aging Population

11 Market Restraints
11.1 Amazon Set To Enter Online Pharmacy Market
11.2 Strict Regulatory Frameworks To Curb Illegal Online Pharmacy Practices
11.3 Stiff Competition
11.4 Concentrated Market

12 Market Landscape
12.1 Market Overview
12.2 Market Size & Forecast
12.3 Existing E-Pharmacy Models
12.4 Market By Geography
12.5 Five Forces Analysis

13 Medicine Type
13.1 Market Snapshot & Growth Engine
13.2 Market Overview
13.3 OTC Medicines
13.4 Prescription Medicines

14 Platform Type
14.1 Market Snapshot & Growth Engine
14.2 Market Overview
14.3 Mobile
14.4 Desktop

15 Geography
15.1 Market Snapshot & Growth Engine
15.2 Geographic Overview

16 North America
16.1 Market Size & Forecast
16.2 Medicine Type
16.3 Platform Type
16.4 Key Countries
16.5 US
16.6 Canada

17 Europe
17.1 Market Size & Forecast
17.2 Medicine Type
17.3 Platform Type
17.4 Key Countries
17.5 Germany
17.6 UK
17.7 France
17.8 Italy
17.9 Spain
17.10 Sweden
17.11 Netherlands
17.12 Poland
17.13 Switzerland
17.14 Russia
17.15 CZECH Republic

18 APAC
18.1 Market Size & Forecast
18.2 Medicine Type
18.3 Platform Type
18.4 Key Countries
18.5 China
18.6 India
18.7 Japan
18.8 South Korea
18.9 Australia

19 Latin America
19.1 Market Size & Forecast
19.2 Medicine Type
19.3 Platform Type
19.4 Key Countries
19.5 Brazil
19.6 Mexico
19.7 Argentina

20 Middle East & Africa
20.1 Market Size & Forecast
20.2 Medicine Type
20.3 Platform Type
20.4 Key Countries
20.5 Saudi Arabia
20.6 UAE
20.7 South Africa

21 Competitive Landscape
21.1 Competition Overview

22 Key Company Profiles
22.1 ZUR Rose Group
22.2 Shop Apotheke
22.3 KROGER
22.4 Wal-Mart Stores
22.5 CVS Health
22.6 Cigna (Express Scripts)
22.7 Giant Eagle

23 Other Prominent Vendors
23.1 UK Meds
23.2 Northwestpharmacy.Com
23.3 Japan Health Center
23.4 AMX Holdings
23.5 Bioplus Speciality Pharmacy
23.6 Carepoint
23.7 Medvantx
23.8 Parafarmacia-Online
23.9 GOGOMEDS
23.10 Newpharma
23.11 MONCOINSANT
23.12 MEDS
23.13 AZETA
23.14 LLOYDSPHARMACY
23.15 Oxford Online Pharmacy
23.16 Chemist 4 U
23.17 Simple Online Pharmacy
23.18 Mycare
23.19 The Canadian Pharmacy
23.20 Juvalis
23.21 Apotea
23.22 Chemist Direct
23.23 LKRNA WPK
23.24 PHARMACY2U
23.25 Index Medical
23.26 INHOUSEPHARMACY
23.27 PRVALEKARNA
23.28 Cocooncenter
23.29 DEONLINEDROGIST
23.30 MEDEXPRESS
23.31 FARMACIA INTERNACIONAL
23.32 Foundation Care
23.33 LEKARNAR
23.34 BESTPHARMACY
23.35 PHARM24
23.36 PHARMACY4U
23.37 VAMIDA
23.38 SANICARE
23.39 1MG TECHNOLOGIES
23.40 Netmeds
23.41 MEDLIFE
23.42 Nunokame
23.43 WALGREENS BOOTS ALLIANCE

24 Report Summary
24.1 Key Takeaways
24.2 Strategic Recommendations

25 Quantitative Summary
25.1 Global
25.2 Medicine Type
25.3 Platform Type
25.4 North America
25.5 Europe
25.6 APAC
25.7 Latin America
25.8 Middle East & Africa

26 Appendix
26.1 Abbreviations

For more information about this report visit https://www.researchandmarkets.com/r/h9z8w5

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets