NORTH AMERICA E-PHARMACY MARKET ANALYSIS

Market News

North America E-pharmacy Market: Key Developments

In September 2020, UnitedHealth Group Incorporated, a multinational healthcare and insurance company based in the U.S., purchased startup DivvyDose, a key player in the ePharmacy industry. DivvyDose, a competitor to Amazon-owned PillPack, has been bought by UnitedHealth Group. Thus, the ePharmacy segment has also gained significant growth during the post-lockdown period, as governments encouraged the delivery of medicines through e-commerce platforms as an essential service.

In June 2021, PharmEasy, an online pharmacy and medical store offering pharmaceutical and healthcare products, Purchased a controlling share in Thyrocare Technologies, a diagnostics company. This alliance will provide huge potential and synergies for the whole Indian healthcare ecosystem of customers, physicians, and suppliers.

In March 2022, Walgreens and Labcorp, a global life sciences company, announced the availability of Pixel by Labcorp COVID-19 at-home collection kit, a PCR test available through Labcorp OnDemand, at no cost to individuals who meet clinical guidelines. Walgreens’ addition of the kits, which are provided in collaboration with the U.S. Department of Health and Human Services (HHS), enable more communities to access reliable, convenient testing services when, where, and how they need them.

In January 2022,  Mark Cuban Cost Plus Drug Company, doing business as Cost Plus Drugs, is a public benefit corporation with its main headquarters located in Dallas, Texas, started an online pharmacy offering affordable generic medications under the name "Mark Cuban Cost Plus Drug Company" (MCCPDC), a brand-new online pharmacy. Although the company does not accept insurance, the website is now selling more than 100 medications, many of which are priced below what a person would have to pay even with insurance. Such initiatives to provide cost-effective medication are further expected to drive market growth in this region.