Regional Analysis
Drug Discount Card Market Regional Insights:
- North America is expected to be the largest market for the drug discount card market during the forecast period, accounting for over 42.5% of the market share in 2022. The growth of the market in North America is attributed to the high medication costs and increasing adoption of discount cards by the uninsured population.
- Europe is expected to be the second-largest market for the drug discount card market, accounting for over 28.7% of the market share in 2022. The growth of the market in is attributed to the rising prevalence of chronic diseases, thus driving the demand for prescription medications. Moreover, in August 2021, the European Journal of Epidemiology published data according to which each year, chronic diseases claim the lives of 4 million individuals in the European Union, representing a staggering 85% of all deaths within the Europe.
- Asia Pacific is expected to be the fastest-growing market for the drug discount card market, which is expected to grow at a CAGR of over 20.0% during the forecast period. The growth of the market in Asia Pacific is attributed to the growing awareness and adoption of discount cards along with increasing healthcare spending.
Figure 1. Global Drug Discount Card Market Share (%), by Region, 2023
Geographies covered: | - North America: U.S. and Canada
- Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
- Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
- Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
- Middle East: GCC Countries, Israel and Rest of Middle East
- Africa: South Africa, North Africa, and Central Africa
|