United States E-pharmacy Market, By Product Type (Prescription Medicines v/s Over-The-Counter Medicines), By Therapy Area (Vitamins, Cold & Flu, Dermatology, Weight Loss, Others), By Operating Platform (Apps v/s Websites), By Region, Competition Forecast & Opportunities, 2026
New York, Sept. 02, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "United States E-pharmacy Market, By Product Type, By Therapy Area, By Operating Platform, By Region, Competition Forecast & Opportunities, 2026" - https://www.reportlinker.com/p06131092/?utm_source=GNW
United States e-pharmacy market will generate significant 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 stores, 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 stores that supply the drugs and therapeutics through shipping and couriers to the consumers or patients.The online stores 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 product type, the market is further bifurcated into prescription medicines and over-the-counter medicines.
Prescription medicines are the disease specific drugs that can only be supplied if a proper legal prescription is provides.These medicines often include strong pain medication that involves opioids, depressants, and stimulants.
These drugs if kept unchecked might get used for the excessive drug addiction cases, thus a proper prescription for the sale of these drugs is required.Over-the-counter drugs are also known as non-prescription drugs.
Food and Drug Administration in United States decides if the particular drug is over-the-counter medicine or a prescription drug. OTC medicines may relieve body aches, pains and itches. Some might be utilized to prevent tooth decay or athlete’s foot or may be help with certain allergies. OTC medicines are anticipated to hold the larger revenue shares of the market and assert its dominance on the backbone of its reliability, lack of prescription demand, and convenience of the consumers to purchase it.
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 introduced “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 Years: 2016 – 2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022 – 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.
The analyst performed both primary as well as exhaustive secondary research for this study.Initially, the analyst sourced a list of manufacturers, suppliers, and service providers across the country.
Subsequently, the analyst conducted primary research surveys with the identified companies.While interviewing, the respondents were also enquired about their competitors.
Through this technique, the analyst could include the manufactures which could not be identified due to the limitations of secondary research. The analyst examined the manufactures, distribution channels and presence of all major players across the country.
The analyst calculated the market size of United States e-pharmacy market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. The analyst sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size.
Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by the analyst.
Key Target Audience:
• E-pharmacy manufacturers, end users, and other stakeholders
• Distributors 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.
In this report, United States e-pharmacy market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
• United States E-Pharmacy Market, By Product Type:
o Prescription Medicine
o Over The Counter Medicine
• United States E-pharmacy Market, By Therapy Area:
o Cold & Flu
o Weight Loss
• United States E-pharmacy Market, By Operating Platform:
• United States E-pharmacy Market, By Region:
o South West
o North East
Company Profiles: Detailed analysis of the major companies present in United States e-pharmacy market.
With the given market data, we offers customizations according to a company’s specific needs. The following customization options are available for the report:
• Detailed analysis and profiling of additional market players (up to five).
Read the full report: https://www.reportlinker.com/p06131092/?utm_source=GNW
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