The North America ePharmacy Market would witness market growth of 15.6% CAGR during the forecast period (2021-2027).
Medical stores are considered as vital services and ePharmacies emerged as the major beneficiaries during the pandemic as patients resisted themselves to go outside with a fear of catching highly contagious corona virus. The growing aging population is also offering lucrative opportunities for market growth. Factors such as growing number of beneficiaries registering under Medicare, rising digitalization, and ease of operation are responsible to boost the demand of ePharmacy.
Though, the growing number of unauthorized ePharmacies is hampering the market growth. Such pharmacies sell medicines that are not approved by the FDA that have surged the chances of adulterated and counterfeit medications that may also contain incorrect active ingredients. However, in 2020, FDA has warned some unauthorized ePharmacies and also fined them for violating the US Federal Food, Drug, and Cosmetic Act and being engaged in illegal activities like the sale of prescription drugs without prescription, inadequate explanation of directions for safe use of some prescription drugs, and sale of unapproved prescription drugs, and others.
The ePharmacy market in North America is showcasing strong growth due to the extensive adoption of online services and a growing number of internet users. The emergence of COVID-19 in the US compelled the American Association of Homeopathic Pharmacists (AAHP) to introduce a new law, the Coronavirus Aid Relief and Economic Security (CARES) Act (HR 748). The implementation of this law is to support the customers to increase the use of OTC products for relief of self-treatable symptoms that will be refunded via pre-tax funds. Thus, these initiatives by the government of the US would spread more awareness among the citizens, which would propel the adoption of ePharmacy services for the purpose of purchasing medicines without any direct interaction with human beings. This will also accelerate the growth of the regional market.
In addition, the dependence on ePharmacies is surging as there is a significant rise in the prevalence of minor illnesses like cough, cold, fever, flu, and backache. This has also fueled the demand for OTC medications. Moreover, the facility provided by these ePharmacies has largely gained the attention of customers as they deliver the order within the stipulated time frame at the customer residence. Further, the presence of various market players and integration of the latest technologies by these players to enhance the customer experience are some of the factors that are estimated to augment the growth of the regional ePharmacy market in the upcoming years.
The US market dominated the North America Prescription Medicines Market by Country in 2020, thereby, achieving a market value of $14,538 Million by 2027. The Canada market is experiencing a CAGR of 19.5% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 18.5% during (2021 - 2027).
Based on Drug Type, the market is segmented into Over-the-Counter Products and Prescription Medicines. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global ePharmacy Market is Estimated to Reach USD 167.6 Billion by 2027 at a CAGR of 16.4%
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of The Kroger Co., Walgreen Co., Giant Eagle, Inc., Walmart, Inc., Express Scripts Holding Company (Cigna), CVS Health (CVS Pharmacy, Inc.), Optum Rx, Inc. (United Health Group), Rowlands Pharmacy (the PHOENIX group), DocMorris (Zur Rose Group AG), and Amazon Pharmacy (Amazon.com).
Global ePharmacy Market Segmentation
By Drug Type
- Over-the-Counter Products
- Prescription Medicines
By Geography
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Companies Profiled
- The Kroger Co.
- Walgreen Co.
- Giant Eagle, Inc.
- Walmart, Inc.
- Express Scripts Holding Company (Cigna)
- CVS Health (CVS Pharmacy, Inc.)
- Optum Rx, Inc. (United Health Group)
- Rowlands Pharmacy (the PHOENIX group)
- DocMorris (Zur Rose Group AG)
- Amazon Pharmacy (Amazon.com)
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America ePharmacy Market, by Drug Type
1.4.2 North America ePharmacy Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 COVID-19 impact
2.1.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2017, Jun – 2021, Jun) Leading Players
Chapter 4. North America ePharmacy Market by Drug Type
4.1 North America Over-the-Counter Products Market by Country
4.2 North America Prescription Medicines Market by Country
Chapter 5. North America ePharmacy Market by Country
5.1 US ePharmacy Market
5.1.1 US ePharmacy Market by Drug Type
5.2 Canada ePharmacy Market
5.2.1 Canada ePharmacy Market by Drug Type
5.3 Mexico ePharmacy Market
5.3.1 Mexico ePharmacy Market by Drug Type
5.3.2 Rest of North America ePharmacy Market
5.3.3 Rest of North America ePharmacy Market by Drug Type
Chapter 6. Company Profiles
6.1 The Kroger Co.
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Recent strategies and developments:
6.1.3.1 Partnerships, Collaborations, and Agreements:
6.1.3.2 Geographical Expansions:
6.2 Walgreens Boots Alliance, Inc. (Walgreen Co.)
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental and Regional Analysis
6.2.4 Recent strategies and developments:
6.2.4.1 Partnerships, Collaborations, and Agreements:
6.2.4.2 Acquisition and Mergers:
6.3 Express Scripts Holding Company (Cigna)
6.3.1 Company Overview
6.3.2 Recent strategies and developments:
6.3.2.1 Partnerships, Collaborations, and Agreements:
6.3.2.2 Product Launches and Product Expansions:
6.4 Giant Eagle, Inc.
6.4.1 Company Overview
6.4.2 Recent strategies and developments:
6.4.2.1 Partnerships, Collaborations, and Agreements:
6.4.2.2 Product Launches and Product Expansions:
6.5 Rowlands Pharmacy (the PHOENIX group)
6.5.1 Company Overview
6.5.2 Recent strategies and developments:
6.5.2.1 Acquisition and Mergers:
6.6 CVS Health Corporation (CVS Pharmacy, Inc.)
6.7 UnitedHealth Group, Inc. (Optum, Inc.)
6.7.1 Company Overview
6.7.2 Financial Analysis
6.7.3 Segmental Analysis
6.7.4 Recent strategies and developments:
6.7.4.1 Partnerships, Collaborations, and Agreements:
6.7.4.2 Geographical Expansions:
6.8 Amazon.com, Inc. (Amazon Pharmacy)
6.8.1 Company Overview
6.8.2 Financial Analysis
6.8.3 Segmental and Regional Analysis
6.8.4 Recent strategies and developments:
6.8.4.1 Product Launches and Product Expansions:
6.8.4.2 Acquisition and Mergers:
6.8.5 SWOT Analysis
6.10. DocMorris N.V.
6.10.1 Company Overview
6.10.2 Recent strategies and developments:
6.10.2.1 Partnerships, Collaborations, and Agreements:
6.10.2.2 Product Launches and Product Expansions:
6.10.2.3 Acquisition and Mergers:
TABLE 1 North America ePharmacy Market, 2017 - 2020, USD Million
TABLE 2 North America ePharmacy Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– EPharmacy Market
TABLE 4 Product Launches And Product Expansions– EPharmacy Market
TABLE 5 Acquisition and Mergers– EPharmacy Market
TABLE 6 Geographical Expansions
TABLE 7 North America ePharmacy Market by Drug Type, 2017 - 2020, USD Million
TABLE 8 North America ePharmacy Market by Drug Type, 2021 - 2027, USD Million
TABLE 9 North America Over-the-Counter Products Market by Country, 2017 - 2020, USD Million
TABLE 10 North America Over-the-Counter Products Market by Country, 2021 - 2027, USD Million
TABLE 11 North America Prescription Medicines Market by Country, 2017 - 2020, USD Million
TABLE 12 North America Prescription Medicines Market by Country, 2021 - 2027, USD Million
TABLE 13 North America ePharmacy Market by Country, 2017 - 2020, USD Million
TABLE 14 North America ePharmacy Market by Country, 2021 - 2027, USD Million
TABLE 15 US ePharmacy Market, 2017 - 2020, USD Million
TABLE 16 US ePharmacy Market, 2021 - 2027, USD Million
TABLE 17 US ePharmacy Market by Drug Type, 2017 - 2020, USD Million
TABLE 18 US ePharmacy Market by Drug Type, 2021 - 2027, USD Million
TABLE 19 Canada ePharmacy Market, 2017 - 2020, USD Million
TABLE 20 Canada ePharmacy Market, 2021 - 2027, USD Million
TABLE 21 Canada ePharmacy Market by Drug Type, 2017 - 2020, USD Million
TABLE 22 Canada ePharmacy Market by Drug Type, 2021 - 2027, USD Million
TABLE 23 Mexico ePharmacy Market, 2017 - 2020, USD Million
TABLE 24 Mexico ePharmacy Market, 2021 - 2027, USD Million
TABLE 25 Mexico ePharmacy Market by Drug Type, 2017 - 2020, USD Million
TABLE 26 Mexico ePharmacy Market by Drug Type, 2021 - 2027, USD Million
TABLE 27 Rest of North America ePharmacy Market, 2017 - 2020, USD Million
TABLE 28 Rest of North America ePharmacy Market, 2021 - 2027, USD Million
TABLE 29 Rest of North America ePharmacy Market by Drug Type, 2017 - 2020, USD Million
TABLE 30 Rest of North America ePharmacy Market by Drug Type, 2021 - 2027, USD Million
TABLE 31 Key information – The Kroger Co.
TABLE 32 Key Information – Walgreens Boots Alliance, Inc.
TABLE 33 Key Information – Express Scripts Holding Company (Cigna)
TABLE 34 Key Information – Giant Eagle, Inc.
TABLE 35 Key Information – Rowlands Pharmacy
TABLE 37 Key Information – UnitedHealth Group, Inc.
TABLE 38 Key Information – Amazon.com, Inc.
TABLE 40 Key Information – DocMorris NV
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2017, Jun – 2021, Jun) Leading Players
FIG 5 Recent strategies and developments: Walgreen Co.
FIG 6 Recent strategies and developments: Express Scripts Holding Company (Cigna)
FIG 7 Recent strategies and developments: Giant Eagle, Inc.
FIG 8 Recent strategies and developments: UnitedHealth Group, Inc.
FIG 9 SWOT analysis: Amazon.com, Inc.