• Stacy Lawlor

Global E-Pharmacy Market Size to reach USD 136.1 Bn in 2028

The Global E-Pharmacy Market Size was valued at USD 60.4 Bn in 2021, and it is expected to reach USD 136.1 Bn in 2028, at a CAGR of 13.84%. E-Pharmacy is a pharmacy that operates over the internet and sends orders to customers through shipping companies.

E-Pharmacy Market

E-Pharmacy is a pharmacy that operates over the internet and sends orders to customers through shipping companies. Increasing utilization of Electronic Prescription Service (EPS) in the pharmacy sector has increased the E-pharmacy market growth due to the patients can easily upload their e-prescription on the e-pharmacy website and order medicine online, without any hurdle. The Electronic Prescription Service (EPS) is the electronic prescribing technology that allows healthcare professionals to go paperless, by sending prescriptions in the digital format. In October 2019, the Department of Health, UK, has announced to all medical prescriptions will become fully digital under an NHS plan. Therefore, due to the rising implementation of EPS, uploading the prescription online has become easy and less time-consuming. Thus, all the aforementioned factors are propelling the market growth during the forecast period.

E-Pharmacy Market

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During the COVID-19, the e-pharmacy market is expected to significantly due to lockdown and travel restrictions, along with the fear of getting infected with the coronavirus. During the pandemic, in-person doctor visits are being replaced by virtual-based teleconsultations, which results in the generation of electronic or digital prescriptions. This is led to increased dependence on e-pharmacies for the purchase of both over-the-counter and prescription drugs.


During the pandemic, the major market players are coming up with various strategies to combat the COVID-19. In March 2020, CVS Health is working with clients to implement new measures to balance the demand for the off-label use of drugs that are used in the treatment of both COVID-19 and other chronic diseases. These medicines include azithromycin, hydroxychloroquine, one protease inhibitor, and albuterol inhalers, which are approved for the treatment of bacterial infections, HIV, asthma, and rheumatoid arthritis. Moreover, the trend of non-contact delivery has been in increased due to the pandemic, which has propelled the e-pharmacy demand.


The Over-The-Counter (OTC) Drugs Is Expected to Grow at The Fastest Rate


Over-the-counter (OTC) medicines are drugs you can buy without a prescription. Some OTC medicines relieve aches, pains, and itches and cure diseases, like tooth decay and athlete's foot. In February 2020, the United States, the Food and Drug Administration decides whether a medicine is safe and effective enough to sell over-the-counter, they have converted three prescription drugs to over-the-counter drugs, including GlaxoSmithKline’s Voltaren Arthritis Pain, Alcon’s Pataday. Moreover, during the pandemic, the e-pharmacy market, particularly for the OTC drugs, witnessed significant growth, as consumers are reluctant to visit clinics for minor ailments in fear of being infected by COVID-19.


The Increasing Penetration and Literacy Regarding Internet Resources Are Driving the Growth


the increasing penetration and literacy regarding internet resources are expected to boost the market sales during the forecast period. Moreover, globally, a large patient pool prefers doorstep delivery of healthcare products due to the unavailability of certain medicines in retail pharmacy stores. Also, e-pharmacies lower the dependency of chronically ill patients and elderly citizens on the third person for procurement of medicines and healthcare supplies. Thus, all the aforementioned factors are boosting market growth.

E-Pharmacy Market

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North America is the largest market for e-pharmacy due to the growing reliance of patients on the online delivery of consumable goods and healthcare products. Healthcare products including over-the-counter drugs, vitamin tablets, nutrition supplements, cosmetics, and others are projected to positively influence the e-pharmacy market trend. The increasing adoption of home care treatment and services due to large healthcare expenditure in hospitals is projected to increase the online procurement of medicines in the region.


The Asia-Pacific is the second-largest market for e-pharmacy due to the rising adoption of e-commerce websites and increasing penetration of the Internet. The large patient pool prefers doorstep delivery of healthcare products due to the unavailability of certain medicines in retail pharmacy stores, which is propelling the market share during the forecast period.


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