United States e-pharmacy market is anticipated to project an impressive CAGR growth in the forecast years, 2022-2026. The market growth attributes to the factors like increased internet penetration, improved healthcare infrastructure, etc. in the mentioned forecast period. Moreover, increased awareness among the consumers regarding e-pharmacy sector and availability of the drugs and therapeutics with the convenience of home delivery is driving the growth of the United States e-pharmacy market in the upcoming five years. Also, the increasing geriatric population and their solitude accommodations has surged the demand of availability of the required drugs at online retailers, which is another major factor behind the impressive growth of the United States e-pharmacy market. Furthermore, the healthcare industry has readily adopted the advanced technologies like digitization of the records and drug descriptions along with the rising adoption of ecommerce in the healthcare industry is expected to propel the growth of the United States e-pharmacy market in the next five years.
E-pharmacy is the online drug retailers that supply the drugs and therapeutics through shipping and couriers to the consumers or patients. The online retailers are much feasible for the non-prescription drugs, although, for the prescription drugs, the consumer must provide proper doctor’s note or prescription signed by the legal healthcare practitioner. The payment methods, include net banking, card payments, mobile app payments, and cash payments at the time of delivery too.
The United States e-pharmacy market is segmented on the basis of product type, therapy area, operating platform, regional distribution, and competitional analysis. Based on
Holding the largest shares of the United States e-pharmacy market, a partial list of market players includes CVS Caremark Corporation (CVS Health), Walgreen Company, Familymeds, Inc, Amazon Pharmacy, Walmart Pharmacy, Rite Aid Corporation, The Kroger Company, Cigna Corp., Optum Rx, Inc, Giant Eagle, Inc, among others. The market players are planning to provide the maximum convenience for the consumers and patients by providing variant of the medicines. With the feasible delivery and easier accessibility to the drugs the suppliers are trying to incline more customers. Also, partnerships between the e-pharmacy suppliers and pharmaceutical companies are turning out to be beneficial for the market as well as the consumers. Moreover, the market players are adapting various marketing strategies like acquisitions. For example, last year in December 2020, Express Scripts Holdings launched “Express Scripts Parachute Rx’’ that offers extensive discounts on prescription medicines, with an aim to offer medications at an affordable price during the COVID-19 situation.
Years considered for this report
Historical Years2016 – 2019
Base Year2020
Estimated Year2021
Forecast Period2022 – 2026
Objective of the Study
- To analyze the historical growth of the market size of United States e-pharmacy market from 2016 to 2019.
- To estimate and forecast the market size of United States e-pharmacy market from 2020 to 2026 and growth rate until 2026.
- To classify and forecast United States e-pharmacy market based on product type, therapy area, operating platform, competitional landscape, and regional distribution.
- To identify dominant region or segment in the United States e-pharmacy market.
- To identify drivers and challenges for United States e-pharmacy market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in United States e-pharmacy market.
- To identify and analyze the profile of leading players operating in United States e-pharmacy market.
- To identify key sustainable strategies adopted by market players in United States e-pharmacy market.
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Market insights research performed both primary as well as exhaustive secondary research for this study. Initially, Market insights research sourced a list of manufacturers, suppliers, and service providers across the country. Subsequently, Market insights research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market insights research could include the manufactures which could not be identified due to the limitations of secondary research. Market insights research analyzed the manufactures, distribution channels and presence of all major players across the country.
Market insights research calculated the market size of United States
Key Target Audience
- E-pharmacy manufacturers, end users, and other stakeholders
- Distributers and suppliers of the products and other stakeholders
- Organizations, forums, and alliances related to e-pharmacy products
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
