Prescription Delivery Services Market

Global Prescription Delivery Services Market: Overview

Timely drug delivery has always been of utmost importance for the effective functioning of a healthcare infrastructure. Increased prevalence of infectious and chronic ailments has sped up the production of prescription drugs, thereby prompting market vendors to establish efficient and effective network of distribution. This factor is estimated to propel growth of the global prescription delivery services market over the tenure of assessment, from 2020 to 2030.

Technological advancements made in supply chains, such as retail stores, convenience stores, and e-commerce and consumer touch points have left considerable positive impact on the growth of the global prescription delivery services market in the years to come. Emergence of technologies, such as tracker-based prescriptions and drone-based delivery are helping in the creation of a smooth consumer experience. This factor is likely to foster growth of the global prescription delivery services market. Apart from that, advanced prescription delivery systems have also helped in accomplishing adherence to therapy, management of dosage, and offering of useful feedback to the clinicians.

The global prescription delivery services market has been segmented on the basis of three important parameters, which are disease indication, distribution channel, and region.

Global Prescription Delivery Services Market: Notable Developments

The global prescription delivery services market is considered as a competitive market and is marked with the presence of many leading market players. The companies in this market are forging mergers, partnerships, and collaborations so as to gain larger revenue and market share. The following development is expected to play an important role in the market:

• In August 2020, Joining hands with NimbleRx, the healthcare arm of Uber Technologies, Inc, a ride share giant, has made its entry into the business of prescription deliveries in the US. NimbleRx is a startup that partners with regional and independent pharmacies. This initiative is likely to gather considerable momentum due to the very incidences of Covid-19 across the globe.

Some of the prominent organizations in the global prescription delivery services market comprise the below-mentioned:

• Express Scripts Holding Company
• Giant Eagle Inc.
• Walgreens Co.
• CVS Health
• The Kroger Company
• Walmart Stores Inc.

Global Prescription Delivery Services Market: Key Trends

The global prescription delivery services market is characterized by the presence of the following restraints, drivers, and opportunities.

Outbreak of Covid-19 across the Globe to Shoot Up Demand in the Market

The outbreak of global pandemic, Covid-19 has served as a fertile ground for the global prescription delivery services market. With the imposition of lockdowns in several countries to implement social distancing and contain the spread of Covid-19, visit to traditional pharmacies has reduced drastically. However, the need for medicine remains very high, which is likely to fuel growth of the global prescription delivery services market over the tenure of assessment, from 2020 to 2030.

The vulnerability of the geriatric population with comorbidities to Covid-19 is a lot more than the other age groups, which is why the need to stockpile necessary medicines has been in very high demand. This factor is likely to keep the demand for prescription delivery services afloat over the period of prevalence of Covid-19.

Global Prescription Delivery Services Market: Geographical Analysis

North America is estimated to account for a sizeable chunk of the global prescription delivery services market. Increased prevalence of various chronic diseases, including diabetes, cancer, and respiratory allergies together with the strong presence of several leading players in the region s expected to add to the growth of the regional market. In addition, high growth of the biologics in the pharmaceutical sector is likely to emerge as another important factor for the prescription delivery services market in North America.