November 2, 2020

E-Pharmacy Market Size with COVID-19 Impact and Forecast Report by 2027

The global E-Pharmacy market is studied in detail in the new report on Qualiket Research. The new report studies the E-Pharmacy market by profiling its major driving factors and restraining factors, compiling a comprehensive database on the market’s historical growth trajectory and present conditions, and by using easy formulation of calculations and estimations through the use of industry-leading analytical tools and methods.

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E-pharmacy is referred as electronic pharmacy or internet pharmacy. It is an online retail platform which acts as bridge between consumers and vendors to enable the sales of medicines. It provides round-the-clock delivery of drugs access to comprehensive information on prescribed drugs. In this concept patient need not visit to pharmacies to receive their medication, but can instead order the medicines via online platform.

Market Drivers

Rise in internet penetration across the globe, rapid aging of population, improved healthcare infrastructure as well as increase in awareness pertaining to e-commerce amongst consumers are some driving factors which are expected to boost the global e-pharmacy market growth. Furthermore, increase in disposable income coupled with large base of young consumers will positively influence the global e-pharmacy market growth over the forecast period. Also, increase in COVID-19 pandemic across the globe will fuel the market growth. As per the WHO report the manifestation of COVID 19 has resulted in greater than 14 million infected individuals across the world as of July 2020. Many governments announced lockdown due to this global crisis which is expected to propel the global e-pharmacy market growth. The rise in consumer preference for online buying of medicines and medicinal products from online pharmacy stores with a main aim to maintain social distancing which is expected to propel the global E-pharmacy market growth during this forecast period.

Market Restraints

Increase in number of illegal pharmacies is the major restraining factor which is expected to hinder the global E-pharmacy market growth during this forecast timeline. Also, substance abuse and high cost involved in research and development of e-pharmacy technology based services will affect the market growth.

Market Key Players

Various key players are discussed in this report such as Newpharma, LLOYDS Pharmacy Limited, Pharmacy2u Ltd., McCabes Pharmacy, Shop Apotheke, Gordons Direct, Zur Rose Group, MedPlus Health Services, A.S. Watsons Group, and Netmeds Marketplace Limited

Market Taxonomy

By Drug Type

  • OTC
  • Prescription

By Product Type

  • Skin Care
  • Dental
  • Cold & Flu
  • Vitamins
  • Weight Loss
  • Others

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

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