North America E-pharmacy Market, by Product Type (Prescription (Rx) and Over-the-counter) and by Country (U.S and Canada) – Size, Share, Outlook, and Opportunity Analysis, 2020 – 2027
SEATTLE, May 04, 2021, (PHARMIWEB) —
The North America E-pharmacy Market, by Country (U.S and Canada) and by Product Type (Over-the-counter and Prescription (Rx)), is expected to manifest a CAGR of 18.2% over the forecast period of 2020-2027 and is expected to have a market valuation of US$ 1,029.9 Million in 2020, as mentioned in a new report published by Coherent Market Insights.
Impact of COVID-19 epidemic
The COVID-19 epidemic and its resulting lockdowns in several countries across the globe has affected the economical fate of businesses in every sector. This pandemic has significantly affected the private healthcare sector. Following the outbreak of SARS-CoV-2 virus, the lockdowns in several countries has placed the burden of economy on the private healthcare sectors. Problems such as reduced patient footfalls along with additional equipment, manpower, and consumables that are required for safety of the working professionals, are been faced by the healthcare providers.
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Furthermore, the COVID-19 epidemic has severely affected the development, manufacture and distribution of nutritional and pharmaceutical products, and has impacted the expansion of the healthcare businesses of several players around the world, as this epidemic has resulted in unusual lockdowns in various nations worldwide.
The nationwide lockdowns have resulted in the halt of industrial plants excluding the production of necessary products and disturbances in distribution chains of various products. Hence, COVID-19 pandemic has majorly impacted the economy in three different ways; with its direct effect on manufacture and demand by creating disturbances in the supply chain, with its financial influence on the financial markets and firms. In North American region, the distribution channel and production activities are disturbed following the lockdowns as the suppliers are facing issues related to drug transportation, which has negatively affected the North America e-pharmacy market.
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Increased usage of internet services as well as the smart-devices, is offering new opportunities to the providers of e-pharmacy service to reach out larger section of audience and offer them with higher levels of e-pharmacy services. Furthermore, the new supply and distribution channels, developing infrastructure, government initiatives, and the rising popularity of online platforms among the consumers, are all the factors that are expected to propel growth of the North America e-pharmacy market.
Due to the engagement of government along with other non-profit organizations to provide a secure operating environment for the providers of e-pharmacy so that they can gain trust of the consumers to make an online purchase of medications, the North America e-pharmacy market is expected to manifest a CAGR of 18.2% over the forecast period of 2020-2027.
According to the type of product: Owing to increasing popularity of e-prescriptions, the prescription (Rx) segment is expected to hold a major share of the market revenue in 2027. The trend of e-prescription is poised to introduce newer opportunities for the service providers of e-pharmacy to extend their customer base and reach of service in the North America e-pharmacy market.
Key companies contributing in the North America e-pharmacy market are PlanetRX.com Inc., CVS Caremark, Cigna, Optum Rx, Inc., Walgreen Company, Zur Rose Group AG, Giant Eagle, Familymeds, Inc., The Kroger Co., and Medisave.
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- North America E-pharmacy Market, By Product Type:
- North America E-pharmacy Market, By Country:
- Company Profiles
- CVS Health*
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Zur Rose Group AG
- Walgreen Company
- Familymeds, Inc
- The Kroger Co.
- Optum Rx, Inc
- Giant Eagle
- CVS Health*
View Press Release For More Information @ https://www.coherentmarketinsights.com/press-release/north-america-e-pharmacy-market-3432
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
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