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Published Date: 2015-11-30Number of Pages: 58

ePharmacy Market (By Geography - North America, Europe, Asia Pacific, Middle East and Africa, Latin America) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023

With the rise of Internet penetration, there has been a dramatic shift in the buying behavior of customers toward increased online purchasing. From essentials such as groceries and apparel to luxury products, everything is available for purchase on online retail platforms. The healthcare sector is no exception to this online retail trend, with pharmacies going online. With advantages such as round-the-clock availability and delivery of drugs, complete information on the prescribed drug, and knowledge of cost-effective substitutes, the market for ePharmacies is expected to experience a surge of growth in the coming years.

Operating within all the guidelines and standards set by their respective national governments, ePharmacies have emerged as ethical business entities and have become an effective source of prescription medicines. The trend of ePharmacies was initially witnessed in the developed economies of North America and Europe; however, with the rising penetration of the Internet and growing awareness among customers about prescription medicines, the market for ePharmacies is gaining momentum in the emerging countries in Asia Pacific.

This research study focuses on providing a comprehensive market assessment on current trends in the global ePharmacies market, along with a focus on various factors affecting the market’s growth. The influential factors that affect the growth of the ePharmacy market have been analyzed under the market dynamics section, which comprises market drivers, restraints, and opportunities. The report also provides comprehensive assessment of vendor strategies for excellence in the business. The report segregates the market into five different geographies: North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Some of the major countries/regions analyzed in the report include the U.S., the EU7, the CIS, China, Japan, the Indian Subcontinent, Australasia, the GCC countries, North Africa, and South Africa. The report provides market size estimates and forecasts for all the regional and country segments for the ePharmacies market.

The research study estimates the global ePharmacies market in terms of revenue (US$ Mn) for the period 2013 to 2023, which comprises:

  • 2013: the base year
  • 2014: estimated value
  • 2015–2023: forecast period

The market estimates have been evaluated considering different technological, economic, political, environmental, social, and legal factors. The market positioning analysis of major players in the market is provided in the research study, which would help the buyers of this report understand the key strategies adopted by these players.

The company profiles section in the report provides competitive profiles of the leading players (however not all the market players) in the market. This section elucidates on the below details:

  • Company address
  • Geographical presence
  • Product/service portfolio
  • Recent developments
  • Historical roadmap
  • Financial performance
  • Business strategies

Some of the leading players profiled in the report include Banner Health, Dr. Fox Pharmacy, Lloyds Pharmacy Ltd., eDrugstore.MD, Walgreen Co., DocMorris NV, Rowlands Pharmacy, MediSave, CVS Caremark, and PlanetRx.com.

ePharmacy Market Segmentation:

ePharmacy Market, by Geography:

  • North America
    • U.S.
    • Rest of North America
  • Europe
    • EU7 (UK, Italy, Spain, France, Germany, Belgium, and Netherlands)
    • CIS
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • Indian Subcontinent (India, Pakistan, Bangladesh, Sri Lanka)
    • Australasia (Australia, New Zealand, and Guinea)
    • Rest of Asia Pacific
  • Middle East and Africa
    • GCC Countries
    • North Africa
    • South Africa
    • Rest of MEA
  • Latin America
    • Brazil
    • Rest of Latin America


Chapter 1 Preface
1.1 Report Description
1.2 Market Segmentation: Global ePharmacy Market
1.3 Research Methodology
      1.3.1 Phase I : Secondary Research
      1.3.2 Phase II : Primary Research
      1.3.3 Phase III : Expert Panel Review
      1.3.4 Data Models

Chapter 2 Executive Summary
2.1 Market Snapshot: Global ePharmacy Market (2014 and 2023)
2.2 Global ePharmacy Market, by Geography, 2014 (US$ Bn)

Chapter 3 Global ePharmacy Market Analysis
3.1 Market Overview
3.2 Key Trend Analysis
      3.2.1 Impact on Consumers and Retailers (Pharmacists/Chemists)
3.3 Market Dynamics
      3.3.1 Drivers
              3.3.1.1 Increasing Internet Penetration Driving the Shift toward Online Purchase of Drugs
                        3.3.1.1.1 Worldwide Internet Penetration (Million Users)
                        3.3.1.1.2 World Internet Usage and Population Statistics, 2015 (%)
              3.3.1.2 Cost Effectiveness and Round-the-Clock Delivery of Drugs
              3.3.1.3 Rise in Aging Population
                        3.3.1.3.1 Worldwide Aging Population Statistics, 2013 – 2050 (Million)
      3.3.2 Restraints
              3.3.2.1 Likely Occurrences of Substance Abuse
              3.3.2.2 Presence of a Large Number of Rogue ePharmacies Hampering Customer Trust
      3.3.3 Opportunities
              3.3.3.1 Large Untapped Market in Asia Pacific and Latin America
3.4 Competitive Landscape
      3.4.1 Market Positioning of Key Players, 2014
      3.4.2 Competitive Strategies Adopted by Leading Players
3.5 Recommendations

Chapter 4 North America ePharmacy Market Analysis
4.1 Overview
      4.1.1 North America ePharmacy Market Revenue and Forecast (US$ Bn) and Y-o-Y Growth (%), 2013 – 2023
4.2 North America ePharmacy Market Analysis, By Region/Country, 2013 – 2023 (US$ Bn)
      4.2.1 Overview

Chapter 5 Europe ePharmacy Market Analysis
5.1 Overview
      5.1.1 Europe ePharmacy Market Revenue and Forecast (US$ Bn) and Y-o-Y Growth (%), 2013 – 2023
5.2 Europe ePharmacy Market Analysis, By Region, 2013 – 2023 (US$ Bn)

Chapter 6 Asia Pacific ePharmacy Market Analysis
6.1 Overview
      6.1.1 Asia Pacific ePharmacy Market Revenue and Forecast (US$ Bn) and Y-o-Y Growth (%), 2013 – 2023
6.2 Asia Pacific ePharmacy Market Analysis, By Region, 2013 – 2023 (US$ Bn)

Chapter 7 Middle-East and Africa (MEA) ePharmacy Market Analysis
7.1 Overview
      7.1.1 Middle East and Africa ePharmacy Market Revenue and Forecast (US$ Bn) and Y-o-Y Growth (%), 2013 – 2023
7.2 MEA ePharmacy Market Analysis, By Region, 2013 – 2023 (US$ Bn)

Chapter 8 Latin America ePharmacy Market Analysis
8.1 Overview
      8.1.1 Latin America ePharmacy Market Revenue and Forecast (US$ Bn) and Y-o-Y Growth (%), 2013 – 2023
8.2 Latin America ePharmacy Market Analysis, By Region, 2013 – 2023 (US$ Bn)

Chapter 9 Company Profiles
9.1 CVS Caremark
9.2 Banner Health
9.3 DocMorris NV
9.4 PlanetRX.com Inc.
9.5 Lloyds Pharmacy Ltd 
9.6 Dr. Fox Pharmacy
9.7 eDrugstore.MC
9.8 MediSave
9.9 Walgreen Co.
9.10 Rowlands Pharmacy

List of Figures

FIG. 1 Market Segmentation: Global ePharmacy Market
FIG. 2 ePharmacy Market: Research Methodology
FIG. 3 ePharmacy Market: List of Vendors Contacted for Primary Interviews
FIG. 4 Global ePharmacy Market, by Geography, 2014 (US$ Bn)
FIG. 5 Worldwide Internet Penetration (Million Users)
FIG. 6 Worldwide Aging Population Statistics, 2013 – 2050 (Million)
FIG. 7 Market Positioning of Key Players, 2014
FIG. 8 North America ePharmacy Market Revenue and Forecast (US$ Bn) and Y-o-Y Growth (%), 2013 – 2023
FIG. 9 Europe ePharmacy Market Revenue and Forecast (US$ Bn) and Y-o-Y Growth (%), 2013 – 2023
FIG. 10 Asia Pacific ePharmacy Market Revenue and Forecast (US$ Bn) and Y-o-Y Growth (%), 2013 – 2023
FIG. 11 Middle East and Africa ePharmacy Market Revenue and Forecast (US$ Bn) and Y-o-Y Growth (%), 2013 – 2023
FIG. 12 Latin America ePharmacy Market Revenue and Forecast (US$ Bn) and Y-o-Y Growth (%), 2013 – 2023

List of Tables

TABLE 1 Market Snapshot: Global ePharmacy Market (2014 and 2023)
TABLE 2 Impact on Consumers and Retailers (Pharmacists/Chemists)
TABLE 3 North America ePharmacy Market Analysis, By Region/Country, 2013 – 2023 (US$ Bn)
TABLE 4 Europe ePharmacy Market Analysis, By Region, 2013 – 2023 (US$ Bn)
TABLE 5 Asia Pacific ePharmacy Market Analysis, By Region, 2013 – 2023 (US$ Bn)
TABLE 6 MEA ePharmacy Market Analysis, By Region, 2013 – 2023 (US$ Bn)
TABLE 7 Latin America ePharmacy Market Analysis, By Region, 2013 – 2023 (US$ Bn)

ePharmacy or Internet pharmacy or online pharmacy is an online platform which acts an an intermediary between consumer and the seller for the sale of medicines via online retail platforms. ePharmacies are increasingly becoming popular owing to the benefits it offers such as lower price, access to comprehensive information on prescribed drug, round the clock delivery of medicines, and easy availability of drugs that are otherwise difficult to find. Patients do not have to physically visit the pharmacy store to procure medicines; rather, they can just upload the prescription from doctor on the ePharmacy portal and receive the necessary medicines at their doorsteps. 

The market for ePharmacies is yet to achieve full potential in with the development of ethical practices and government regulations supporting the growth of ePharmacy market. ePharmacies can address number of concerns such as easy availability of drugs even in remote locations, medical records of patients, and others. With the help of ePharmacies, consumers can procure drugs from the convenience of their homes via smartphone or a tablet. This can largely help patients those who are severely ill and are not in a condition to go to a brick-and-mortar pharmacy. Additionally, ePharmacies can store large amounts of consumer medical data that can be useful in planning public health policies. Ease in procuring the prescription drugs has boosted the market for ePharmacies; however, it also encouraged the illegal sale of controlled prescription drugs. The sale of drugs through ePharmacies may also result in incidents of self-medication and drug abuse, which can be prevented with the integration of most advanced technologies with drug delivery processes. 

The global market for ePharmacies was valued at US$ 29.35 Bn in 2014 and is expected to grow at a CAGR of 17.7% during the forecast period from 2015 to 2023. In 2014, North America was the largest contributor to the global ePharmacy market, in terms of revenue, followed by Europe. Europe is expected to be the fastest growing regional market for ePharmacies, and is estimated to surpass the market size reported by North America in 2023. The major factors driving the growth of ePharmacies market in Europe include increasing penetration of high speed Internet and consumer shift towards online purchase of medicines. Germany is leading the European ePharmacy market attributed by cross border trade which was pioneered by DocMorris. Asia Pacific is projected to display lucrative growth owing to the growing popularity of e-commerce industry, thereby resulting in the market growth of ePharmacies and increasing disposable incomes.

epharmacies-market

Some of the leading ePharmacies globally, include CanDrugstore.com, drugstore.com Inc., Lloyds Pharmacy Ltd., The SANICARE Group, Domzdrowia.pl SA, eDrugstore.MD, Walgreen Co., CanadaDrugs.com, Rowlands Pharmacy, MediSave, CVS Caremark, CanAmerica Drugs, Inc., and PlanetRx.com. These players are implementing various marketing strategies to increase their share in the market and gain more popularity and consumer acceptance. Marketing initiatives, technological advancements, and switching to different business models are some important strategies adopted by these players. With the potential opportunities displayed by ePharmacies in the untapped markets in Asia Pacific and Latin America, more number of new players are emerging in this segment. The product range offered by these players is expected to increase competition among the players since consumers will have options to choose from.


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