E-PHARMACY MARKET ANALYSIS

E-Pharmacy MarketSize and Trends

The global ePharmacy market is estimated to account for US$ 81.6 Bn in terms of value in 2020 and is estimated to reach US$ 244.0 Bn by the end of 2027.

North America held dominant position in the global ePharmacy market in 2019, accounting for 35.9% share in terms of value, followed by Europe and Asia Pacific, respectively

Figure 1. Global ePharmacy Market Share (%), by Region, 2019

The global ePharmacy market was valued at US$ 69.7 Bn in 2019 and is forecast to reach a value of US$ 244.0 Bn by 2027 at a CAGR of 17.0% between 2020 and 2027.

Figure 2. Global ePharmacy Market Value (US$ Bn), and Y-o-Y Growth (%), 2019-2027

Market Trends/Key Takeaways

Major players in the market are focused on offering various digital services. For instance, in February 2020, Ro, an ePharmacy, launched Health Guide, a new medical handbook for the internet.

Major players in the market are also focused on investing in shop-in-shop pharmacies. For instance, in October 2019, Zur Rose Group AG partnered with Migros, a Switzerland-based retail company, to start the first shop-in-shop pharmacy in Switzerland.