According to the research report titled ‘E-pharmacy Market Size By Product Type (OTC Products, Prescription Medicine), Industry Analysis Report, Regional Outlook, Growth Potential, Covid-19 Impact Analysis, Competitive Market Share & Forecast, 2022 - 2028,’ available with MarketStudyReport, the global e-pharmacy market is slated to observe remarkable growth during 2022-2028.

Increasing number of internet users, widespread access to online services, booming digital health sector, and easy availability of online prescription drugs are some of the major factors driving the growth of the global e-pharmacy market.

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A majority of OTC drugs are consumed while treating common ailments, while various generic as well as branded drugs for specific health conditions. Although most of these are known to be safe to consume without the need of professional guidance, there has also been a growing trend of self-medication. This coupled with availability of over-the-counter drugs on e-pharmacy platforms and growing awareness regarding its benefits are also adding traction to the overall market size.

High convenience offered by e-pharmacy solutions in consort with growing popularity of telehealth and homecare services are also facilitating the overall business outlook.

Based on product landscape, the market has been bifurcated on the basis of OTC products and prescription medicine.

The OTC product segment is further categorised into feminine hygiene laxatives, oral analgesics, first-aid, ear drops, anti-perspirants, foot care, eye & skin care, hair growth, among many others. Thus, global e-pharmacy industry share from OTC product segment is registered to expand at a 16.1% CAGR through 2028, given the widespread stock availability as well as competitive pricing that has compelled customers to opt for online shopping mediums.

From a regional standpoint, Latin America e-pharmacy market accounted for USD 5 billion in 2021, owing to increasing product demand, improved accessibility to online healthcare problems, and a vast existing market for OTC products.

The companies that are defining the competitive arena of the global e-pharmacy market are Netmeds.com, Tata 1mg, PharmEasy, OptumRx, Walmart Inc., Giant Eagle, DocMorris N.V., CVS Health Corporation, Express Scripts Holding Company, Walgreen Company, and The Kroger Company.