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E-pharmacy Market Share

Report ID: GMI3303
Published Date: Nov 2024
Report Format: PDF

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E-pharmacy Market Share

The market is characterized by intense competition among established players and emerging startups. Major companies leverage their extensive networks and brand recognition to capture market share. The market is also seeing an influx of tech-driven solutions, enhancing user experience and operational efficiency. Furthermore, key competitive factors include pricing, delivery speed, customer service, and regulatory compliance, as companies strive to meet the increasing demand for convenient and accessible pharmaceutical services.

E-pharmacy Market Companies

Few of the prominent players operating in the e-pharmacy industry include:

Capsule
Alto Pharmacy
Amazon
CVS Health
Express Scripts Holdings (Cigna)
Giant Eagle
MedsEngage
Optum Rx (UnitedHealth Group)
Rite Aid
The Kroger
Walgreens Boots Alliance
Walmart

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The global e-pharmacy industry was valued at USD 86.2 billion in 2023 and is estimated to grow at a 13.3% CAGR from 2024 to 2032, driven by the increasing demand for convenience and accessibility in purchasing medications.

The OTC products segment dominated the market and is anticipated to grow at a 12.6% CAGR over the forecast period due to the rising consumer preference for self-medication and the convenience of online purchases.

The U.S. held a leading position in the North American market in 2023 and is projected to maintain this dominance with a 13% CAGR throughout the forecast period, supported by its advanced healthcare infrastructure and robust regulatory framework.

Key players in the industry include Capsule, Alto Pharmacy, Amazon, CVS Health, Express Scripts Holdings (Cigna), Giant Eagle, MedsEngage, Optum Rx (UnitedHealth Group), Rite Aid, and The Kroger.