Global Digital Pharmacy Market Overview:
According to SPER Market Research, the Digital Pharmacy Market is estimated to reach USD 334.25 billion by 2030 with a CAGR of 16.8%. The rising consumer desire for purchasing pharmaceuticals online during and after the COVID-19 pandemic, market consolidation and partnerships, and the rising elderly population all contribute to the sector's growth. During the projected period, an increasing number of violent pharmacies and patients who depend on pharmacists for therapeutic support are anticipated to hinder the growth of this market.
Impact of COVID-19 on the Global Digital Pharmacy Market
Other significant reasons boosting the market growth include the expanding number of internet users, more access to online services, and the increased deployment of e-prescriptions in healthcare services in the aftermath of the COVID-19 epidemic. In March 2020, CVS Health began implementing new strategies to balance the demand for medications used throughout the treatment of both COVID-19 and other chronic conditions. In November 2020, Amazon will start an online pharmacy service in the United States for both generic and prescription pharmaceuticals. Before COVID-19, 70% of families were chronic-first consumers of digital pharmacy because they saw superior value in these affordable and convenient services. Nevertheless, as digital pharmacy proved the need of the hour during the lockdown period, an identical amount of chronic-first and acute-first families were onboarded. Furthermore, the rising demand for over-the-counter (OTC) items such as masks, sanitizers, thermometers, and steamers, among others, is supporting the expansion of the digital pharmacy market. As a result, the rapid use of OTC products will benefit the digital pharmacy sector.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2019-2030 |
| Base year considered | 2021 |
| Forecast period | 2022-2030 |
| Segments covered | By Drug Type, By Product, By Platform, By Business Model, By Geographic Coverage
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| Geographies covered | North America, Europe, Asia Pacific, Latin America, Middle East, Africa
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| Companies Covered | Amazon.com Inc., Apex Pharmacy, Apollo Pharmacy, Cigna, Costco Wholesale Corporation, CVS Health, DocMorris, Giant Eagle Inc., GoodRx, HealthWarehouse Inc., Hims & Hers Health Inc., Lloyds Pharmacy, Netmeds.com, NorthWestPharmacy.com, Optum Inc., PharmEasy, Pharmex Direct Inc., Rexall Pharmacy Group ULC, Rite Aid Corp., Ro Pharmacy, Rx Outreach, Shop-apotheke.com, Tata 1mg, TELUS, The Independent Pharmacy, The Kroger Co., Walgreen Co., Walmart Inc.
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Global Digital Pharmacy Market Segmentation:
By Drug Type: Based on the Drug Type, Global Digital Pharmacy Market is segmented as; Over-The-Counter Products (Ease of use and convenience associated with Over-The-Counter products to drive market growth), Prescription Medicines (Growing geriatric population and subsequent increase in chronic diseases to drive the demand for prescription medication).
By Product: Based on the Product, Global Digital Pharmacy Market is segmented as; Medicines and Treatments {Diabetes Care (Growing global diabetic population will ensure strong demand for diabetes care medicines & treatments), Heart Care (Rising incidence of cardiovascular diseases drives the demand for heart care medicines & treatments), Oncology (Increasing prevalence of cancer is a major factor driving the growth of this market segment, Other medicines & treatments)}, Vitamins and Supplements (Growing demand for immunity-associated supplements in the wake of the Covid-19 pandemic to drive market growth), Personal Care Products (Growing focus on personal health & hygiene to drive market growth), Other Products.
By Platform: Based on the Platform, Global Digital Pharmacy Market is segmented as; Applications (AAPS) (Advantages such as contactless delivery will drive the demand for AAPS), Websites (Promotions, discounts, and offers provided by websites to drive market growth).
By Business Model: Based on the Business Model, Global Digital Pharmacy Market is segmented as; Captive (Flexibility, accessibility, and affordability of captive models—key factors driving market growth), Aggregator (Quality services associated with aggregator models to drive market growth), Franchise (Growing number of pharmacy franchises to drive market growth).
By Geographic Coverage: Based on the Geographic Coverage, Global Digital Pharmacy Market is segmented as; Urban Areas (Rapid internet penetration in urban areas to drive market growth in this segment), Rural Areas (Government initiatives to fuel the demand for digital pharmacies in rural areas).
By Region: North America owns the prime share of this market; the major factors of the market's growth in the region are the increasing incidence of chronic illnesses, the growing amount of medicine prescriptions brought on by the region's rapidly aging population, and the expansion of key market participants in the area.
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Digital Pharmacy Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Global Digital Pharmacy Market, By Drug Type, 2019-2030 (USD Million)
6.1. Over-The-Counter Products
6.1.1. Ease of use and convenience associated with Over-The-Counter products to drive market growth
6.2. Prescription Medicines
6.2.1. Growing geriatric population and subsequent increase in chronic diseases to drive the demand for prescription medication
7. Global Digital Pharmacy Market, By Product, 2019-2030 (USD Million)
7.1. Medicines and Treatments
7.1.1. Diabetes Care
7.1.1.1 Growing global diabetic population will ensure strong demand for diabetes care medicines & treatments
7.1.2. Heart Care
7.1.2.1 Rising incidence of cardiovascular diseases drives the demand for heart care medicines & treatments
7.1.3. Oncology
7.1.3.1 Increasing prevalence of cancer is a major factor driving the growth of this market segment
7.1.3.2 Other medicines & treatments
7.2. Vitamins and Supplements
7.2.1 Growing demand for immunity-associated supplements in the wake of the Covid-19 pandemic to drive market growth
7.3. Personal Care Products
7.3.1 Growing focus on personal health & hygiene to drive market growth
7.4. Other Products
8. Global Digital Pharmacy Market, By Platform, 2019-2030 (USD Million)
8.1. Applications (AAPS)
8.1.1 Advantages such as contactless delivery will drive the demand for AAPS
8.2. Websites
8.2.1 Promotions, discounts, and offers provided by websites to drive market growth
9. Global Digital Pharmacy Market, By Business Model, 2019-2030 (USD Million)
9.1. Captive
9.1.1 Flexibility, accessibility, and affordability of captive models—key factors driving market growth
9.2. Aggregator
9.2.1 Quality services associated with aggregator models to drive market growth
9.3. Franchise
9.3.1 Growing number of pharmacy franchises to drive market growth
10. Global Digital Pharmacy Market, By Geographic Coverage, 2019-2030 (USD Million)
10.1 Urban Areas
10.1.1 Rapid internet penetration in urban areas to drive market growth in this segment
10.2 Rural Areas
10.2.1 Government initiatives to fuel the demand for digital pharmacies in rural areas
11. Global Digital Pharmacy Market, By Region, 2019-2030 (USD Million)
11.1 North America
11.1.1. United States
11.1.2. Canada
11.1.3. Mexico
11.2 Europe
11.2.1. Germany
11.2.2. United Kingdom
11.2.3. France
11.2.4. Italy
11.2.5. Spain
11.2.6. Rest of Europe
11.3 Asia-Pacific
11.3.1. China
11.3.2. Japan
11.3.3. India
11.3.4. Australia
11.3.5. South Korea
11.3.6. Rest of Asia-Pacific
11.4 South America
11.4.1. Brazil
11.4.2. Argentina
11.4.3. Rest of South America
11.5 Middle East & Africa
11.5.1. Kingdom of Saudi Arabia
11.5.2. United Arab Emirates
11.5.3. Rest of Middle East & Africa
12. Company Profiles
12.1 Amazon.com Inc.
12.1.1. Company details
12.1.2. Financial outlook
12.1.3. Product summary
12.1.4. Recent developments
12.2 Apex Pharmacy
12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments
12.3 Apollo Pharmacy
12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments
12.4 Cigna
12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments
12.5 Costco Wholesale Corporation
12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent developments
12.6 CVS Health
12.6.1. Company details
12.6.2. Financial outlook
12.6.3. Product summary
12.6.4. Recent developments
12.7 DocMorris
12.7.1. Company details
12.7.2. Financial outlook
12.7.3. Product summary
12.7.4. Recent developments
12.8 Giant Eagle Inc.
12.8.1. Company details
12.8.2. Financial outlook
12.8.3. Product summary
12.8.4. Recent developments
12.9 GoodRx
12.9.1. Company details
12.9.2. Financial outlook
12.9.3. Product summary
12.9.4. Recent developments
12.10 HealthWarehouse Inc.
12.10.1. Company details
12.10.2. Financial outlook
12.10.3. Product summary
12.10.4. Recent developments
12.11 Hims & Hers Health Inc.
12.11.1. Company details
12.11.2. Financial outlook
12.11.3. Product summary
12.11.4. Recent developments
12.12 Lloyds Pharmacy
12.12.1. Company details
12.12.2. Financial outlook
12.12.3. Product summary
12.12.4. Recent developments
12.13 Netmeds.com
12.13.1. Company details
12.13.2. Financial outlook
12.13.3. Product summary
12.13.4. Recent developments
12.14 NorthWestPharmacy.com
12.14.1. Company details
12.14.2. Financial outlook
12.14.3. Product summary
12.14.4. Recent developments
12.15 Optum Inc.
12.15.1. Company details
12.15.2. Financial outlook
12.15.3. Product summary
12.15.4. Recent developments
12.16 PharmEasy
12.16.1. Company details
12.16.2. Financial outlook
12.16.3. Product summary
12.16.4. Recent developments
12.17 Pharmex Direct Inc.
12.17.1. Company details
12.17.2. Financial outlook
12.17.3. Product summary
12.17.4. Recent developments
12.18 Rexall Pharmacy Group ULC
12.18.1. Company details
12.18.2. Financial outlook
12.18.3. Product summary
12.18.4. Recent developments
12.19 Rite Aid Corp.
12.19.1. Company details
12.19.2. Financial outlook
12.19.3. Product summary
12.19.4. Recent developments
12.20 Ro Pharmacy
12.20.1. Company details
12.20.2. Financial outlook
12.20.3. Product summary
12.20.4. Recent developments
12.21 Rx Outreach
12.21.1. Company details
12.21.2. Financial outlook
12.21.3. Product summary
12.21.4. Recent developments
12.22 Shop-apotheke.com
12.22.1. Company details
12.22.2. Financial outlook
12.22.3. Product summary
12.22.4. Recent developments
12.23 Tata 1mg
12.23.1. Company details
12.23.2. Financial outlook
12.23.3. Product summary
12.23.4. Recent developments
12.24 TELUS
12.24.1. Company details
12.24.2. Financial outlook
12.24.3. Product summary
12.24.4. Recent developments
12.25 The Independent Pharmacy
12.25.1. Company details
12.25.2. Financial outlook
12.25.3. Product summary
12.25.4. Recent developments
12.26 The Kroger Co.
12.26.1. Company details
12.26.2. Financial outlook
12.26.3. Product summary
12.26.4. Recent developments
12.27 Walgreen Co.
12.27.1. Company details
12.27.2. Financial outlook
12.27.3. Product summary
12.27.4. Recent developments
12.28 Walmart Inc.
12.28.1. Company details
12.28.2. Financial outlook
12.28.3. Product summary
12.28.4. Recent developments
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
