Digital Pharmacy is a digital platform also known as internet pharmacy
The global Digital Pharmacy Market size is 96.5 billion USD in 2022 and is projected to reach a CAGR of 18.9% from 2023-2030.
Digital Pharmacy is a digital platform also known as internet pharmacy or online pharmacy, involved in the sales of drugs, or medication to consumers. The platform is designed to provide online pharmacy services, including drug delivery. Digital Pharmacy allows prescription refilling and delivery over the counter as well as specialty medicines to patients.
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A significant increase in the number of online service providers has enhanced the accessibility to internet pharmacies in developing nations. In recent years, a considerable increase in the number of internet users has further led to a high adoption rate. Therefore, ease of access to internet pharmacies through smartphones and the availability of a range of pharmaceutical products are major factors driving the growth of the Digital Pharmacy market.
Recent Developments
In 2021, Walgreens Co. (US) launched nationwide contactless same-day delivery services (in under two hours) for more than 24,000 products.
In 2021, Rite Aid Corp. (US) partnered with Uber to deliver Rite Aid products nationwide through Uber Eats, allowing customers to conveniently order and receive essential healthcare and grocery items directly to their homes.
Prominent Players
- The Kroger Co
- The Walgreen Company
- Express Scripts Holding
- CVS Health
- DocMorris
- Giant Eagle
- Wal-Mart Stores
- OptumRx
- PharmEasy
- 1mg
- Netmeds
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North America to Dominate the Market
North America accounts for the largest share of the studied market. This can be primarily attributed to the more significant number of internet users and higher adoption of online services, which are expected to augment the market's growth over the forecast period.
Digital Pharmacy Market Segmentation:
On the basis of drug type
· Prescription Medicines
· Over-the-counter products
On the basis of products
· Medicines & Treatments
· Personal Care Products
· Vitamins & Supplements
· Other Products
On the basis of the platform
· Apps
· Websites
On the basis of the business model
· Captive
· Franchise
· Aggregator
On the basis of geographic coverage
· Urban Areas
· Rural Areas
Based on region:
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
The Report helps to identify the opportunities in Global Regions:
· North America (the United States, Canada, and Mexico)
· Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
· Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
· South America (Brazil etc.)
· The Middle East and Africa (North Africa and GCC Countries)
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Frequently Asked Questions
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What is the compound annual growth rate (CAGR) of the Digital Pharmacy Market?
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In addition to the market data for Digital Pharmacy Market, Delvens offers client-centric reports customized according to the company’s specific demand and requirement.
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