Healthcare e-Commerce Market By Offering (Drug Type :Prescription Drugs, OTC Drugs and Supplements; Medical Devices) – Growth, Future Prospects and Competitive Analysis, 2019 - 2027

Healthcare e-Commerce to Emerge as the Fastest-Growing Sector.

The healthcare e-commerce market worldwide is expected to grow with a CAGR of 17.6% during the forecast period from 2019 to 2027. The global e-commerce market generated a staggering revenue of more than US$ 2.8 trillion in sales, accounting for approximately 15% of total retail sales. With e-commerce gaining huge momentum across other segments, such as electronics and apparel, market players are now increasingly focusing on the healthcare segment as their next big business. A rise in internet penetration, a greater range of products and services offered, and convenience are giving a boost to the e-commerce industry. Due to lower prices, free home delivery, and other benefits, customers prefer to buy their healthcare needs online.

Market Synopsis

Supplements to continue as the market leader.

Based on the offerings, the healthcare e-commerce market is led by the drug type segment, which comprises prescription drugs, over-the-counter drugs, and supplements. Of these, supplements are the largest and fastest-growing e-commerce segment, accounting for nearly 1/3rd of the total market revenue generated worldwide, followed by over-the-counter drugs and prescription drugs, respectively. Supplement sales increased by more than 38% in 2018 when compared to 2017. Supplements are products designed to augment the daily intake of nutrients, including vitamins and minerals, thereby witnessing consistent demand worldwide.

Asia Pacific to Emerge as the Market Leader in the Forecast Period

In 2018, Asia Pacific had the highest overall e-Commerce sales, with more than US$ 750.0 billion, followed by North America and Europe, with more than US$ 550.0 billion and US$ 300.0 billion, respectively. Due to the one-child policy in China, an imbalanced population structure is emerging. As a result, the number of people over 65 keeps growing, thereby fueling the need for related medical products and services. The ever-increasing internet penetration in the Asia Pacific has also been a major factor supporting the growth of the healthcare e-commerce market. Enforcement of new e-commerce policies, such as in China, where the government has made a policy in which they have specified that to provide e-healthcare services, companies have to collaborate with licensed medical institutions; as a result, the e-commerce companies are more regulated, raising customers' confidence in healthcare e-commerce.

Some of the prominent players operating in the healthcare e-commerce market include Amazon.com, Inc., PillPack, Inc., Exactcare Pharmacy, Flipkart Pvt. Ltd., Alibaba Group Holding Ltd., eBay Inc., Remdi SeniorCare, Lloyds Pharmacy Ltd., McCabes Pharmacy, Walgreens Boots Alliance Inc., CVS Health, FSA Store.com, The Kroger Co., Doc Morris, Netmeds.com, MedLife.com, and others.

Periods of History and Forecast

This research report presents the analysis of each segment from 2017 to 2027,considering 2018 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments is calculated for the forecast period from 2019 to 2027

Report Scope by Segments

The healthcare e-commerce market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global healthcare e-commerce market based on offerings and geography. Key segments covered in the report are as follows:

Key questions are answered in this report.

• What was the market size of healthcare e-commerce in 2018, and what is the forecast up to 2027?
• Which is the largest regional market for healthcare e-commerce?
• What are the major trends followed in overall healthcare e-commerce across different regions?
• What are the key market trends and high-growth opportunities observed in the healthcare e-commerce market?
• What are the drivers of the healthcare e-commerce market?
• Who are the key healthcare e-commerce companies leading the market?
• What are the key strategies adopted by the leading healthcare e-commerce companies in the market?

This report's distinct data points

• Statistics on healthcare e-commerce worldwide
• Recent trends across different regions in terms of the adoption of healthcare e-commerce
• Notable developments are going on in the healthcare e-commerce industry.
• attractive investment proposition for the healthcare e-commerce segment as well as geography
• Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)

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