India Online Pharmacy Retail Market Growth, Revenue, Size, Trends and Future Opportunities 2032
India Online and Offline Pharmacy Retail Market Size- By Type of Retail Format, By Market Structure, By Product Category, By Therapeutic Class, By Generic Drugs- Regional Outlook, Competitive Strategies and Segment Forecast to 2032
| Published: Feb-2023 | Report ID: PHAR2306 | Pages: 1 - 104 | Formats*: |
| Category : Pharmaceutical | |||
India Online and Offline Pharmacy Retail Market Overview
According to SPER Market Research, the India Online and Offline Pharmacy Retail Market is estimated to reach USD XX billion by 2032 with a CAGR of XX%.
A potential industry for e-pharmacies has emerged as a result of a significant change in consumer behaviour. They have succeeded in making it simple to shop from the convenience of one's home. But does this signal the end of the era of brick-and-mortar pharmacies? No, this appears to be a fantastical reality. The idea of online pharmacies and online medicine sales has been a little hazy globally for more than two decades. Online pharmacies quickly gained organic traction after the pandemic's first two years, but they still aren't a perfect substitute for offline/physical pharmacies. A potential industry for e-pharmacies has emerged as a result of a significant change in consumer behaviour. They have succeeded in making it simple to shop from the convenience of one's home. But does this signal the end of the era of brick-and-mortar pharmacies? No, this appears to be a fantastical reality. The idea of online pharmacies and online medicine sales has been a little hazy globally for more than 20 years. Online pharmacies quickly gained organic traction after the pandemic's first two years, but they still aren't a perfect substitute for offline/physical pharmacies.
One of the most important factors driving Indians to their local pharmacy is the convenience factor. This isn't just about proximity providing convenience; it's also about being familiar with the store's display, the range of products, and, most importantly, the pharmacist. The customer experience can be substantially changed by skilled and qualified pharmacists who can assist patients in reading their prescriptions, comprehending dosages, and receiving general advice on pharmaceutical use. They take on the role of a buddy for clients who frequently experience distress due to illness or medical emergencies. The second factor driving customers to prefer neighbourhood retail pharmacies is the wide variety of goods and services offered. The attractive display and the ease with which one can view and touch the medications have their own benefits. Even with the rise of internet pharmacies, the number of new pharmacies being opened has not decreased (offline). The franchise model is being used by pharmaceutical corporations to access even the most rural regions of India where e-pharmacies are not yet present. Here, reaching every region of the nation, especially Tier II and III cities, is the goal in addition to corporate expansion.
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Impact of COVID-19 on the India Online and Offline Pharmacy Retail Market
Initiating a global medical emergency of previously unheard-of breadth and magnitude, the World Health Organization (WHO) classified COVID-19 as a swine flu. Although nations' strategies varied slightly, frontline universal health care was seen as a crucial component of how the globe responded to disease outbreaks. Delivering healthcare services had changed as a result of COVID-19. One change made to improve the safety of patients and healthcare workers is the use of respirators. There are a number of problems to take into consideration as a result of shift in pharmacy services, specifically pharmacy movement of care alternatives. There was a significant demand for pharmacy services because they had a crucial role to play in the overall scenario.
That was becoming more prevalent both online and off. Techniques used to lessen the effects or decline of COVID-19, such as reduced clinical training or modified user laws, had already made getting the best prescriptions the patient must've been trying to take just before arriving at the hospital more difficult, leading to a greater reliance on independent sources to complete medication histories. The usage of online vs. printed version treatments, online shopping, clinic to sleep programs, and other healthcare medicine delivery services for discharge prescriptions have all changed in an effort to reduce contact with patients in ambulatory health centres. Additionally, there has been a greater effort to address unresolved prescription drug buyout issues by using patient assistance programs or other inpatient programmes to cover the costs of therapies for COVID treated cases in some circumstances. This essay looks at how COVID-19 must have affected demand and supply for high-quality healthcare online pharmaceutical clips in India.
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Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Type of Retail Format, By Market Structure, By Product Category, By Therapeutic Class, By Generic Drugs. |
| Regions covered | East India, North India, South India, West and Central India |
| Companies Covered | 1MG, Apollo Pharmacy, Dhanvantri Medicare, Easy Medico, Emami Frank Ross, Fortis, Guardian Pharmacy, Himalaya Drug Company, Medlife, Medplus, Myra, Netmeds, Noble Plus Pharmacy, Pharmeasy, Sanjivani, Sasta Sunder, Thulasi Pharmacy, Trust Chemists, Viva Chemist, Wellness Forever. |
Target Audience-
- Pharmacy Retail Companies
- Pharmaceutical Companies
- E-Commerce Companies
India Online and Offline Pharmacy Retail Market Segmentation:
1. By Type of Retail Format:
- Hospital Based Pharmacy
- Standalone Pharmacy
2. By Market Structure:
- Organized Market
- Unorganized Market
3. By Product Category:
- Prescribed Drugs
- OTC Drugs
- Non-Pharmaceutical Drugs
4. By Therapeutic Class:
- Anti Diabetic
- Anti-Infectives
- Cardiovascular
- Dermatology
- Gastro Intestinal
5. By Generic Drugs:
- Branded Generic
- Generic-Generic
- North India
- West and Central India
- South India
- East India
Key Topics Covered in the Report:
- India Online and Offline Pharmacy Retail Market Size (FY’2019-FY’2032)
- Overview of India Online and Offline Pharmacy Retail Market
- Segmentation of India Online and Offline Pharmacy Retail Market By Type of Retail Format (Hospital Based Pharmacy, Standalone Pharmacy)
- Segmentation of India Online and Offline Pharmacy Retail Market By Market Structure (Organized Market, Unorganized Market)
- Segmentation of India Online and Offline Pharmacy Retail Market By Product Category (Prescribed Drugs, OTC Drugs, Non-Pharmaceutical Drugs)
- Segmentation of India Online and Offline Pharmacy Retail Market By Therapeutic Class (Anti Diabetic, Anti-Infectives, Cardiovascular, Dermatology, Gastro Intestinal, Gynaecological, Neuro, Pain and Analgesics, Respiratory, Vitamins, Minerals and Nutrients, Others)
- Segmentation of India Online and Offline Pharmacy Retail Market By Generic Drugs (Branded Generic, Generic-Generic)
- Statistical Snap of India Online and Offline Pharmacy Retail Market
- Growth Analysis of India Online and Offline Pharmacy Retail Market
- Problems and Challenges in India Online and Offline Pharmacy Retail Market
- Competitive Landscape in the India Online and Offline Pharmacy Retail Market
- Impact of COVID-19 and Demonetization on India Online and Offline Pharmacy Retail Market
- Details on Recent Investment in India Online and Offline Pharmacy Retail Market
- Competitive Analysis of India Online and Offline Pharmacy Retail Market
- Key Players in the India Online and Offline Pharmacy Retail Market
- SWOT Analysis of India Online and Offline Pharmacy Retail Market
- India Online and Offline Pharmacy Retail Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data2.1.2 Primary data2.1.3 SPER’s internal database2.1.4 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 Drivers4.1.2 Restraints4.1.3 Opportunities4.1.4 Challenges
4.2. COVID-19 Impacts of the India Online and Offline Pharmacy Retail Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths5.1.2 Weaknesses5.1.3 Opportunities5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape5.2.2 Economic landscape5.2.3 Social landscape5.2.4 Technological landscape5.2.5 Environmental landscape5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers5.3.2 Bargaining power of Buyers5.3.3 Threat of Substitute5.3.4 Threat of new entrant5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 India Online and Offline Pharmacy Retail Car Manufacturing Base Distribution, Sales Area, Product Type6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in India Online and Offline Pharmacy Retail Market
7. India Online and Offline Pharmacy Retail Market, By Type of Retail Format, 2019-2032 (USD Million)
7.1 Hospital Based Pharmacy7.2 Standalone Pharmacy
8. India Online and Offline Pharmacy Retail Market, By Market Structure, 2019-2032 (USD Million)
8.1 Organized Market8.2 Unorganized Market
9. India Online and Offline Pharmacy Retail Market, By Product Category, 2019-2032 (USD Million)
9.1 Prescribed Drugs9.2 OTC Drugs9.3 Non-Pharmaceutical Drugs
10. India Online and Offline Pharmacy Retail Market, By Therapeutic Class, 2019-2032 (USD Million)
10.1 Anti Diabetic10.2 Anti-Infectives10.3 Cardiovascular10.4 Dermatology10.5 Gastro Intestinal10.6 Gynecological10.7 Neuro10.8 Pain and Analgesics10.9 Respiratory10.10 Vitamins, Minerals and Nutrients10.11 Others
11. India Online and Offline Pharmacy Retail Market, By Generic Drugs, 2019-2032 (USD Million)
11.1 Branded Generic11.2 Generic-Generic
10. India Online and Offline Pharmacy Retail Market, By Region, 2019-2032 (USD Million)
10.1 India Online and Offline Pharmacy Retail Size and Market Share by Region (2019-2025)10.2 India Online and Offline Pharmacy Retail Size and Market Share by Region (2026-2032)10.3 North India10.4 West and Central India10.5 South India10.6 East India
13. Company Profiles
13.1 1MG
13.1.1 Company details13.1.2 Financial outlook13.1.3 Product summary13.1.4 Recent developments
13.2 Apollo Pharmacy
13.2.1 Company details
13.2.2 Financial outlook13.2.3 Product summary13.2.4 Recent developments
13.3 Dhanvantri Medicare
13.3.1 Company details13.3.2 Financial outlook13.3.3 Product summary13.3.4 Recent developments
13.4 Easy Medico
13.4.1 Company details13.4.2 Financial outlook13.4.3 Product summary13.4.4 Recent developments
13.5 Emami Frank Ross
13.5.1 Company details13.5.2 Financial outlook13.5.3 Product summary13.5.4 Recent developments
13.6 Fortis
13.6.1 Company details13.6.2 Financial outlook13.6.3 Product summary13.6.4 Recent developments
13.7 Guardian Pharmacy
13.7.1 Company details13.7.2 Financial outlook13.7.3 Product summary13.7.4 Recent developments
13.8 Himalaya Drug Company
13.8.1 Company details13.8.2 Financial outlook13.8.3 Product summary13.8.4 Recent developments
13.9 Medlife
13.9.1 Company details13.9.2 Financial outlook13.9.3 Product summary13.9.4 Recent developments
13.10 Medplus
13.10.1 Company details13.10.2 Financial outlook13.10.3 Product summary13.10.4 Recent developments
13.11 Myra
13.11.1 Company details13.11.2 Financial outlook13.11.3 Product summary13.11.4 Recent developments
13.12 Netmeds
13.12.1 Company details13.12.2 Financial outlook13.12.3 Product summary13.12.4 Recent developments
13.13 Noble Plus Pharmacy
13.13.1 Company details13.13.2 Financial outlook13.13.3 Product summary13.13.4 Recent developments
13.14 Pharmeasy
13.14.1 Company details13.14.2 Financial outlook13.14.3 Product summary13.14.4 Recent developments
13.15 Sanjivani
13.15.1 Company details13.15.2 Financial outlook13.15.3 Product summary13.15.4 Recent developments
13.16 Sasta Sunder
13.16.1 Company details13.16.2 Financial outlook13.16.3 Product summary13.16.4 Recent developments
13.17 Thulasi Pharmacy
13.17.1 Company details13.17.2 Financial outlook13.17.3 Product summary13.17.4 Recent developments
13.18 Trust Chemists
13.18.1 Company details13.18.2 Financial outlook13.18.3 Product summary13.18.4 Recent developments
13.19 Viva Chemist
13.19.1 Company details13.19.2 Financial outlook13.19.3 Product summary13.19.4 Recent developments
13.20 Wellness Forever
13.20.1 Company details13.20.2 Financial outlook13.20.3 Product summary13.20.4 Recent developments
14. List of Abbreviations
15. Reference Links
16. Conclusion`
17. Research Scope
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.
Frequently Asked Questions About This Report
India Online and Offline Pharmacy Retail Market is projected to reach USD XX billion by 2032, growing at a CAGR of XX% during the forecast period.
India Online and Offline Pharmacy Retail Market grew in market size from 2021. The Market is expected to reach USD XX billion by 2032, at a CAGR of XX% during the forecast period.
India Online and Offline Pharmacy Retail Market CAGR of XX% during the forecast period.
You can get the sample pages by clicking the link - Click Here
India Online and Offline Pharmacy Retail Market size is USD XX billion from 2022 to 2032.
India Online and Offline Pharmacy Retail Market Segment is Covered By Type of Retail Format, By Market Structure, By Product Category, By Therapeutic Class, By Generic Drugs.
The Asia-Pacific region is anticipated to have the highest market share in the India Online and Offline Pharmacy Retail Market.
The key players in the market include Companies Covered 1MG, Apollo Pharmacy, Dhanvantri Medicare, Easy Medico, Emami Frank Ross, Fortis, Guardian Pharmacy, Himalaya Drug Company, Medlife, Medplus, Myra, Netmeds, Noble Plus Pharmacy, Pharmeasy, Sanjivani, Sasta Sunder, Thulasi Pharmacy, Trust Chemists, Viva Chemist, Wellness Forever.
Online pharmacies quickly gained organic traction after the pandemic's first two years, but they still aren't a perfect substitute for offline/physical pharmacies. A potential industry for e-pharmacies has emerged as a result of a significant change in consumer behaviour.
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