ePharmacy Market Research Report: Information By Drug Type (Prescription Drugs, and Over the Counter (OTC) Drugs), By Operating Platform (App and Website), By Business Model (Pharmacy and Direct), And By Region (Europe, Asia-Pacific, North America, And Rest Of The World) – Market Forecast Till 2030
The ePharmacy Market Size was valued at USD 65.90 billion in 2022 and is projected to grow from USD 74.13 Billion in 2023 to USD 150.29 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 12.50% during the forecast period (2023 – 2030).
E-pharmacy, also known as an online pharmacy, is a platform that allows consumers to purchase prescription and over-the-counter medications via the internet. It provides customers with the convenience of shopping for medicines from their homes or workplaces, at any time and without the need to physically visit a pharmacy store. They may also provide information about health and wellness, as well as resources for managing chronic conditions. The e-pharmacy market has grown rapidly in recent years, driven by factors such as increasing internet penetration, changing consumer attitudes towards online shopping, and advancements in technology.
People are opting for online pharmacies to avoid going to physical stores and to maintain social distancing. As a result, the ePharmacy market has seen substantial growth, with an increase in the number of people ordering prescription medicines and over-the-counter products online. In conclusion, the COVID-19 pandemic has had a significant positive impact on the pharmacy market, leading to growth in both the number of consumers using online pharmacies and the overall size of the market.
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ePharmacy Market Segmentation
The Global EPharmacy market has been segmented into Drug Type, Product Type, and application
Based on the drug type, the market has been segmented into Prescription Drugs and Over-the-Counter (OTC) Drugs.
Based on the application, the market has been segmented into Skin Care, Dental, Cold and Flu, Vitamins, Weight Loss, and Other Product Types.
ePharmacy Market Key Players
Some of the key market players are
- Amazon Pharmacy
- CVS Health
- Express Scripts
- Cardinal Health
- Baxter international INC
- Coloplast corp
- Smith & nephew INC.
ePharmacy Market Regional Analysis
North America is currently the largest market for egg powder, with the United States being the major contributor to the market’s growth. The region has a well-established food processing industry, and the demand for egg powder is increasing due to the growing popularity of convenience foods and the longer shelf life of egg powder compared to fresh eggs.
Europe is the second-largest market for egg powder, and the growth is primarily driven by the increasing demand for bakery products, confectionery, and other food applications. Several European countries have a strong focus on food processing and production, which has led to the growth of the egg powder market in Europe.
Browse In-depth Market Research Report (148 Pages) on ePharmacy: https://www.marketresearchfuture.com/reports/epharmacy-market-6615
The Asia Pacific region is expected to witness significant growth in the egg powder market due to the increasing demand for convenience foods, the growing awareness of the benefits of egg powder, and the growing population in the region. Countries such as China, India, and Japan are expected to contribute significantly to the growth of the market in the region.
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