The Online Pharmacy Market size was valued at USD 112.88 billion in 2023 and is estimated to reach USD 399.10 Billion by 2031 and grow at a CAGR of 17.1% over the forecast period of 2024-2031.
The Online pharmacy market is experiencing significant growth, driven by a surge in online medication purchasing this trend began during the COVID-19 pandemic as consumers sought ways to avoid in-person interactions. The market is further bolstered by consolidation among existing players and the increasing number of aging population who rely on medication management. However, concerns about the lack of clinical support from pharmacists and the presence of illegal online pharmacies maybe a challenging factor.
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The world's population is adjusting to online pharmacies because of a rapidly expanding smartphone user base, improved digital infrastructure, and online payment choices. The market would have a lot of potential opportunities as the demand for products with nutritional and functional enhancements grows along with the incidence of vitamin deficiency in the population. Additionally, because a variety of brands are offered on these platforms, increasing self-medication might result in higher future sales of pharmaceutical products containing several vitamins.
DRIVERS
Accessibility and Convenience, Rising Chronic Diseases.
Ageing Population, Technological developments.
Online pharmacies make it easy to order prescription drugs from the comfort of one's home, eliminating the need to go to a traditional pharmacy. Online pharmacies now have a larger consumer base thanks to the increasing use of the internet globally. There is a greater need for drugs as a result of the rising prevalence of chronic diseases such as diabetes, cardiovascular disease, and respiratory disorders. The ageing population frequently finds online pharmacies to be a handy alternative and needs regular medicine. The whole online pharmacy experience has been enhanced by developments in e-commerce platforms, mobile apps, and logistics.
RESTRAIN
Regulatory Obstacles and Limited Consumer Awareness Privacy and protection Concerns.
Due to different legislation in different countries, doubts about the validity of prescriptions, and worries about medication safety, online pharmacies frequently encounter regulatory obstacles. Some prospective clients could still be ignorant of the advantages and security of online pharmacies, favouring conventional brick-and-mortar pharmacies. When doing online transactions, customers may be concerned about the protection of their financial and personal information.
OPPORTUNITY
Emerging Markets Integration of Telemedicine Online Portfolio Expansion.
In emerging economies where internet usage is rising and the healthcare infrastructure is changing, pharmacies have considerable development potential. A seamless patient experience is made possible by integrating online pharmacy services with telemedicine platforms, opening up new business prospects. Online pharmacies can broaden their product selection to include over-the-counter medicines, health supplements, and personal care items in addition to prescription medications.
CHALLENGES
Traditional pharmacies' competition, fake medications, and last-Minute Delivery.
The rivalry between internet pharmacies may increase if brick-and-mortar pharmacies have an online presence. Due to the dangers that counterfeit pharmaceuticals pose to the trust and health of patients, it is still difficult to ensure the authenticity and quality of medications. Online pharmacies must have effective last-mile logistics to guarantee client happiness and retention.
In addition to the effects of the worldwide pandemic, Russia's invasion of Ukraine is currently posing a severe threat to pharmaceutical supply chains. Due to numerous importers and exporters stocking up, the cost of all active pharmaceutical ingredients (APIs) has witnessed a dramatic increase throughout the epidemic. While the epidemic is still having a major impact on the pharmaceutical business, the situation in Russia and Ukraine now presents another major obstacle. The protracted conflict between Russia and Ukraine has hurt the country's pharmaceutical industry, with commerce falling by at least 50% as many companies that ship medicines to Russia assert that they have not yet received payment.
Consumers become more cost-conscious during economic downturns, and price sensitivity tends to rise. Customers wishing to save money on prescription drugs may go to online pharmacies that provide competitive pricing and incentives. Consumer Behaviour Shifting Economic downturns frequently result in shifts in consumer behaviour, with an increased focus on value and convenience. With their convenience and possible cost savings, online pharmacies may be preferred by customers looking for inexpensive and hassle-free solutions. Minimal Disposable Many people may see a drop in their discretionary income during economic downturns. As a result, some customers may postpone or lower their spending on healthcare, including prescription drugs. This may have an effect on the market for internet pharmacies as a whole.
Prescription Medicines
Over-the-counter products
Medicines & Treatments, By Type
Diabetes Care
Heart Care
Oncology
Other Medicines & Treatments
Personal Care Products
Vitamins & Supplements
Other Products
Apps
Websites
Captive
Franchise
Aggregator
Urban Areas
Rural Areas
The online pharmacy market in North America is the one with the most revenue at the region's development drivers is increased internet penetration, which has sped up the acceptance of new technologies and generated demand for digital health platforms. This is due to the simplicity with which a broad variety of drugs may be available. The market will also grow as a result of the regional presence of large industry players and local online pharmacy operators.
A sizeable portion of the worldwide online pharmacy market is located in Europe. Due to the expanding elderly population, rising incidence of chronic illnesses, quick e-commerce expansion, and well-developed IT infrastructures, the e-Pharmacy market in Europe is predicted to grow throughout the projected period.
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North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
The major players are LloydsPharmacy, Amazon.com Inc., GoodRx , Kroger Co., Wal-Mart Stores Inc, Walgreen Co, Costco Wholesale Corporation, Express Scripts Holding Company, Cigna Corporation (Express Scripts Holdings), Rite Aid Corp., CVS Health, Apex Healthcare Berhad (Apex Pharmacy), Tata 1mg, Hims & Hers Health, Inc., Rx Outreach Giant Eagle Inc, DocMorris, Rowlands Pharmacy, DocMorris (Zur Rose Group AG) and OptumRx Inc, Netmeds Marketplace Ltd., DocMorris Express Scripts, Medlife International Pvt. Ltd, Axelia Solutions (Pharmeasy), Apollo Pharmacy, NorthWestPharmacy.com and others.
In January 2022, Hyphens Pharma launched WellAway ePharmacy, allowing patients to access medications and connect with doctors remotely. This is particularly helpful for those with limited mobility or during situations like COVID-19.
Amazon announced plans in September 2022 to sell prescription drugs online in collaboration with local pharmacies. Patients could receive medication deliveries and online medication instructions.
Walmart Canada partnered with Canada Health Infoway in September 2022 to offer electronic prescriptions (PrescribeIT) in select pharmacies across several provinces. This service allows patients to get prescriptions filled without visiting the pharmacy in person.
| Report Attributes | Details |
| Market Size in 2023 | US$ 112.88 Bn |
| Market Size by 2031 | US$ 399.10 Bn |
| CAGR | CAGR of 17.1% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments |
|
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | LloydsPharmacy, Amazon.com Inc., GoodRx , Kroger Co., Wal-Mart Stores Inc, Walgreen Co, Costco Wholesale Corporation, Express Scripts Holding Company, Cigna Corporation (Express Scripts Holdings), Rite Aid Corp., CVS Health, Apex Healthcare Berhad (Apex Pharmacy), Tata 1mg, Hims & Hers Health, Inc., Rx Outreach Giant Eagle Inc, DocMorris, Rowlands Pharmacy, DocMorris (Zur Rose Group AG) and OptumRx Inc, Netmeds Marketplace Ltd., DocMorris Express Scripts, Medlife International Pvt. Ltd, Axelia Solutions (Pharmeasy), Apollo Pharmacy, NorthWestPharmacy.com |
| Key Drivers | • Accessibility and Convenience, Rising Chronic Diseases. • Ageing Population, Technological developments. |
| Market Restraints | • Regulatory Obstacles and Limited Consumer Awareness Privacy and protection Concerns. |
Ans: The CAGR Growth rate of Online Pharmacy Market is approx. CAGR 17.1% over the forecast.
Ans: The projected size of Online Pharmacy Market by at USD 112.88 billion in 2023 and is expected to reach USD 399.10 billion by 2031.
Ans: The major key players are LloydsPharmacy, Amazon.com Inc., GoodRx , Kroger Co., Wal-Mart Stores Inc, Walgreen Co, Costco Wholesale Corporation, Express Scripts Holding Company, Cigna Corporation (Express Scripts Holdings), Rite Aid Corp., CVS Health, Apex Healthcare Berhad (Apex Pharmacy), Tata 1mg, Hims & Hers Health, Inc., Rx Outreach Giant Eagle Inc, DocMorris, Rowlands Pharmacy, DocMorris (Zur Rose Group AG) and OptumRx Inc, Netmeds Marketplace Ltd., DocMorris Express Scripts, Medlife International Pvt. Ltd, Axelia Solutions (Pharmeasy), Apollo Pharmacy, NorthWestPharmacy.com
Ans: Due to the high frequency of chronic illnesses and widespread internet access in North America, this region has the largest online pharmacy market.
Ans: OTC drug sales are increasing in the online pharmacy market.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. Online Pharmacy Market Segmentation, By Drug Type
9.1 Introduction
9.2 Trend Analysis
9.3 Prescription Medicines
9.4 Over-the-counter products
10. Online Pharmacy Market Segmentation, By Products
10.1 Introduction
10.2 Trend Analysis
10.3 Medicines & Treatments, By Type
10.3.1 Diabetes Care
10.3.2 Heart Care
10.3.3 Oncology
10.3.4 Other Medicines & Treatments
10.4 Personal Care Products
10.5 Vitamins & Supplements
10.6 Other Products
11. Online Pharmacy Market Segmentation, By Platform
11.1 Introduction
11.2 Trend Analysis
11.3 Apps
11.4 Websites
12. Online Pharmacy Market Segmentation, By Business Model
12.1 Introduction
12.2 Trend Analysis
12.3 Captive
12.4 Franchise
12.5 Aggregator
13. Online Pharmacy Market Segmentation, By Geographic Coverage
13.1 Introduction
13.2 Trend Analysis
13.3 Urban Areas
13.4 Rural Areas
14. Regional Analysis
14.1 Introduction
14.2 North America
14.2.1 Trend Analysis
14.2.2 North America Online Pharmacy Market By Country
14.2.3 North America Online Pharmacy Market By Drug Type
14.2.4 North America Online Pharmacy Market By Products
14.2.5 North America Online Pharmacy Market By Platform
14.2.6 North America Online Pharmacy Market, By Business Model
14.2.7 North America Online Pharmacy Market, By Geographic Coverage
14.2.8 USA
14.2.8.1 USA Online Pharmacy Market By Drug Type
14.2.8.2 USA Online Pharmacy Market By Products
14.2.8.3 USA Online Pharmacy Market By Platform
14.2.8.4 USA Online Pharmacy Market, By Business Model
14.2.8.5 USA Online Pharmacy Market, By Geographic Coverage
14.2.9 Canada
14.2.9.1 Canada Online Pharmacy Market By Drug Type
14.2.9.2 Canada Online Pharmacy Market By Products
14.2.9.3 Canada Online Pharmacy Market By Platform
14.2.9.4 Canada Online Pharmacy Market, By Business Model
14.2.9.5 Canada Online Pharmacy Market, By Geographic Coverage
14.2.10 Mexico
14.2.10.1 Mexico Online Pharmacy Market By Drug Type
14.2.10.2 Mexico Online Pharmacy Market By Products
14.2.10.3 Mexico Online Pharmacy Market By Platform
14.2.10.4 Mexico Online Pharmacy Market, By Business Model
14.2.10.5 Mexico Online Pharmacy Market, By Geographic Coverage
14.3 Europe
14.3.1 Trend Analysis
14.3.2 Eastern Europe
14.3.2.1 Eastern Europe Online Pharmacy Market By Country
14.3.2.2 Eastern Europe Online Pharmacy Market By Drug Type
14.3.2.3 Eastern Europe Online Pharmacy Market By Products
14.3.2.4 Eastern Europe Online Pharmacy Market By Platform
14.3.2.5 Eastern Europe Online Pharmacy Market By Business Model
14.3.2.6 Eastern Europe Online Pharmacy Market, By Geographic Coverage
14.3.2.7 Poland
14.3.2.7.1 Poland Online Pharmacy Market By Drug Type
14.3.2.7.2 Poland Online Pharmacy Market By Products
14.3.2.7.3 Poland Online Pharmacy Market By Platform
14.3.2.7.4 Poland Online Pharmacy Market By Business Model
14.3.2.7.5 Poland Online Pharmacy Market, By Geographic Coverage
14.3.2.8 Romania
14.3.2.8.1 Romania Online Pharmacy Market By Drug Type
14.3.2.8.2 Romania Online Pharmacy Market By Products
14.3.2.8.3 Romania Online Pharmacy Market By Platform
14.3.2.8.4 Romania Online Pharmacy Market By Business Model
14.3.2.8.5 Romania Online Pharmacy Market, By Geographic Coverage
14.3.2.9 Hungary
14.3.2.9.1 Hungary Online Pharmacy Market By Drug Type
14.3.2.9.2 Hungary Online Pharmacy Market By Products
14.3.2.9.3 Hungary Online Pharmacy Market By Platform
14.3.2.9.4 Hungary Online Pharmacy Market By Business Model
14.3.2.9.5 Hungary Online Pharmacy Market, By Geographic Coverage
14.3.2.10 Turkey
14.3.2.10.1 Turkey Online Pharmacy Market By Drug Type
14.3.2.10.2 Turkey Online Pharmacy Market By Products
14.3.2.10.3 Turkey Online Pharmacy Market By Platform
14.3.2.10.4 Turkey Online Pharmacy Market By Business Model
14.3.2.10.5 Turkey Online Pharmacy Market, By Geographic Coverage
14.3.2.11 Rest of Eastern Europe
14.3.2.11.1 Rest of Eastern Europe Online Pharmacy Market By Drug Type
14.3.2.11.2 Rest of Eastern Europe Online Pharmacy Market By Products
14.3.2.11.3 Rest of Eastern Europe Online Pharmacy Market By Platform
14.3.2.11.4 Rest of Eastern Europe Online Pharmacy Market By Business Model
14.3.2.11.5 Rest of Eastern Europe Online Pharmacy Market, By Geographic Coverage
14.3.3 Western Europe
14.3.3.1 Western Europe Online Pharmacy Market By Country
14.3.3.2 Western Europe Online Pharmacy Market By Drug Type
14.3.3.3 Western Europe Online Pharmacy Market By Products
14.3.3.4 Western Europe Online Pharmacy Market By Platform
14.3.3.5 Western Europe Online Pharmacy Market By Business Model
14.3.3.6 Western Europe Online Pharmacy Market, By Geographic Coverage
14.3.3.7 Germany
14.3.3.7.1 Germany Online Pharmacy Market By Drug Type
14.3.3.7.2 Germany Online Pharmacy Market By Products
14.3.3.7.3 Germany Online Pharmacy Market By Platform
14.3.3.7.4 Germany Online Pharmacy Market By Business Model
14.3.3.7.5 Germany Online Pharmacy Market, By Geographic Coverage
14.3.3.8 France
14.3.3.8.1 France Online Pharmacy Market By Drug Type
14.3.3.8.2 France Online Pharmacy Market By Products
14.3.3.8.3 France Online Pharmacy Market By Platform
14.3.3.8.4 France Online Pharmacy Market By Business Model
14.3.3.8.5 France Online Pharmacy Market, By Geographic Coverage
14.3.3.9 UK
14.3.3.9.1 UK Online Pharmacy Market By Drug Type
14.3.3.9.2 UK Online Pharmacy Market By Products
14.3.3.9.3 UK Online Pharmacy Market By Platform
14.3.3.9.4 UK Online Pharmacy Market By Business Model
14.3.3.9.5 UK Online Pharmacy Market, By Geographic Coverage
14.3.3.10 Italy
14.3.3.10.1 Italy Online Pharmacy Market By Drug Type
14.3.3.10.2 Italy Online Pharmacy Market By Products
14.3.3.10.3 Italy Online Pharmacy Market By Platform
14.3.3.10.4 Italy Online Pharmacy Market By Business Model
14.3.3.10.5 Italy Online Pharmacy Market, By Geographic Coverage
14.3.3.11 Spain
14.3.3.11.1 Spain Online Pharmacy Market By Drug Type
14.3.3.11.2 Spain Online Pharmacy Market By Products
14.3.3.11.3 Spain Online Pharmacy Market By Platform
14.3.3.11.4 Spain Online Pharmacy Market By Business Model
14.3.3.11.5 Spain Online Pharmacy Market, By Geographic Coverage
14.3.3.12 Netherlands
14.3.3.12.1 Netherlands Online Pharmacy Market By Drug Type
14.3.3.12.2 Netherlands Online Pharmacy Market By Products
14.3.3.12.3 Netherlands Online Pharmacy Market By Platform
14.3.3.12.4 Netherlands Online Pharmacy Market By Business Model
14.3.3.12.5 Netherlands Online Pharmacy Market, By Geographic Coverage
14.3.3.13 Switzerland
14.3.3.13.1 Switzerland Online Pharmacy Market By Drug Type
14.3.3.13.2 Switzerland Online Pharmacy Market By Products
14.3.3.13.3 Switzerland Online Pharmacy Market By Platform
14.3.3.13.4 Switzerland Online Pharmacy Market By Business Model
14.3.3.13.5 Switzerland Online Pharmacy Market, By Geographic Coverage
14.3.3.14 Austria
14.3.3.14.1 Austria Online Pharmacy Market By Drug Type
14.3.3.14.2 Austria Online Pharmacy Market By Products
14.3.3.14.3 Austria Online Pharmacy Market By Platform
14.3.3.14.4 Austria Online Pharmacy Market By Business Model
14.3.3.14.5 Austria Online Pharmacy Market, By Geographic Coverage
14.3.3.15 Rest of Western Europe
14.3.3.15.1 Rest of Western Europe Online Pharmacy Market By Drug Type
14.3.3.15.2 Rest of Western Europe Online Pharmacy Market By Products
14.3.3.15.3 Rest of Western Europe Online Pharmacy Market By Platform
14.3.3.15.4 Rest of Western Europe Online Pharmacy Market By Business Model
14.3.3.15.5 Rest of Western Europe Online Pharmacy Market, By Geographic Coverage
14.4 Asia-Pacific
14.4.1 Trend Analysis
14.4.2 Asia-Pacific Online Pharmacy Market By country
14.4.3 Asia-Pacific Online Pharmacy Market By Drug Type
14.4.4 Asia-Pacific Online Pharmacy Market By Products
14.4.5 Asia-Pacific Online Pharmacy Market By Platform
14.4.6 Asia-Pacific Online Pharmacy Market By Business Model
14.4.7 Asia-Pacific Online Pharmacy Market, By Geographic Coverage
14.4.8 China
14.4.8.1 China Online Pharmacy Market By Drug Type
14.4.8.2 China Online Pharmacy Market By Products
14.4.8.3 China Online Pharmacy Market By Platform
14.4.8.4 China Online Pharmacy Market By Business Model
14.4.8.5 China Online Pharmacy Market, By Geographic Coverage
14.4.9 India
14.4.9.1 India Online Pharmacy Market By Drug Type
14.4.9.2 India Online Pharmacy Market By Products
14.4.9.3 India Online Pharmacy Market By Platform
14.4.9.4 India Online Pharmacy Market By Business Model
14.4.9.5 India Online Pharmacy Market, By Geographic Coverage
14.4.10 Japan
14.4.10.1 Japan Online Pharmacy Market By Drug Type
14.4.10.2 Japan Online Pharmacy Market By Products
14.4.10.3 Japan Online Pharmacy Market By Platform
14.4.10.4 Japan Online Pharmacy Market By Business Model
14.4.10.5 Japan Online Pharmacy Market, By Geographic Coverage
14.4.11 South Korea
14.4.11.1 South Korea Online Pharmacy Market By Drug Type
14.4.11.2 South Korea Online Pharmacy Market By Products
14.4.11.3 South Korea Online Pharmacy Market By Platform
14.4.11.4 South Korea Online Pharmacy Market By Business Model
14.4.11.5 South Korea Online Pharmacy Market, By Geographic Coverage
14.4.12 Vietnam
14.4.12.1 Vietnam Online Pharmacy Market By Drug Type
14.4.12.2 Vietnam Online Pharmacy Market By Products
14.4.12.3 Vietnam Online Pharmacy Market By Platform
14.4.12.4 Vietnam Online Pharmacy Market By Business Model
14.4.12.5 Vietnam Online Pharmacy Market, By Geographic Coverage
14.4.13 Singapore
14.4.13.1 Singapore Online Pharmacy Market By Drug Type
14.4.13.2 Singapore Online Pharmacy Market By Products
14.4.13.3 Singapore Online Pharmacy Market By Platform
14.4.13.4 Singapore Online Pharmacy Market By Business Model
14.4.13.5 Singapore Online Pharmacy Market, By Geographic Coverage
14.4.14 Australia
14.4.14.1 Australia Online Pharmacy Market By Drug Type
14.4.14.2 Australia Online Pharmacy Market By Products
14.4.14.3 Australia Online Pharmacy Market By Platform
14.4.14.4 Australia Online Pharmacy Market By Business Model
14.4.14.5 Australia Online Pharmacy Market, By Geographic Coverage
14.4.15 Rest of Asia-Pacific
14.4.15.1 Rest of Asia-Pacific Online Pharmacy Market By Drug Type
14.4.15.2 Rest of Asia-Pacific Online Pharmacy Market By Products
14.4.15.3 Rest of Asia-Pacific Online Pharmacy Market By Platform
14.4.15.4 Rest of Asia-Pacific Online Pharmacy Market By Business Model
14.4.15.5 Rest of Asia-Pacific Online Pharmacy Market, By Geographic Coverage
14.5 Middle East & Africa
14.5.1 Trend Analysis
14.5.2 Middle East
14.5.2.1 Middle East Online Pharmacy Market By Country
14.5.2.2 Middle East Online Pharmacy Market By Drug Type
14.5.2.3 Middle East Online Pharmacy Market By Products
14.5.2.4 Middle East Online Pharmacy Market By Platform
14.5.2.5 Middle East Online Pharmacy Market By Business Model
14.5.2.6 Middle East Online Pharmacy Market, By Geographic Coverage
14.5.2.7 UAE
14.5.2.7.1 UAE Online Pharmacy Market By Drug Type
14.5.2.7.2 UAE Online Pharmacy Market By Products
14.5.2.7.3 UAE Online Pharmacy Market By Platform
14.5.2.7.4 UAE Online Pharmacy Market By Business Model
14.5.2.7.5 UAE Online Pharmacy Market, By Geographic Coverage
14.5.2.8 Egypt
14.5.2.8.1 Egypt Online Pharmacy Market By Drug Type
14.5.2.8.2 Egypt Online Pharmacy Market By Products
14.5.2.8.3 Egypt Online Pharmacy Market By Platform
14.5.2.8.4 Egypt Online Pharmacy Market By Business Model
14.5.2.8.5 Egypt Online Pharmacy Market, By Geographic Coverage
14.5.2.9 Saudi Arabia
14.5.2.9.1 Saudi Arabia Online Pharmacy Market By Drug Type
14.5.2.9.2 Saudi Arabia Online Pharmacy Market By Products
14.5.2.9.3 Saudi Arabia Online Pharmacy Market By Platform
14.5.2.9.4 Saudi Arabia Online Pharmacy Market By Business Model
14.5.2.9.5 Saudi Arabia Online Pharmacy Market, By Geographic Coverage
14.5.2.10 Qatar
14.5.2.10.1 Qatar Online Pharmacy Market By Drug Type
14.5.2.10.2 Qatar Online Pharmacy Market By Products
14.5.2.10.3 Qatar Online Pharmacy Market By Platform
14.5.2.10.4 Qatar Online Pharmacy Market By Business Model
14.5.2.10.5 Qatar Online Pharmacy Market, By Geographic Coverage
14.5.2.11 Rest of Middle East
14.5.2.11.1 Rest of Middle East Online Pharmacy Market By Drug Type
14.5.2.11.2 Rest of Middle East Online Pharmacy Market By Products
14.5.2.11.3 Rest of Middle East Online Pharmacy Market By Platform
14.5.2.11.4 Rest of Middle East Online Pharmacy Market By Business Model
14.5.2.11.5 Rest of Middle East Online Pharmacy Market, By Geographic Coverage
14.5.3 Africa
14.5.3.1 Africa Online Pharmacy Market By Country
14.5.3.2 Africa Online Pharmacy Market By Drug Type
14.5.3.3 Africa Online Pharmacy Market By Products
14.5.3.4 Africa Online Pharmacy Market By Platform
14.5.3.5 Africa Online Pharmacy Market By Business Model
14.5.3.6 Africa Online Pharmacy Market, By Geographic Coverage
14.5.3.7 Nigeria
14.5.3.7.1 Nigeria Online Pharmacy Market By Drug Type
14.5.3.7.2 Nigeria Online Pharmacy Market By Products
14.5.3.7.3 Nigeria Online Pharmacy Market By Platform
14.5.3.7.4 Nigeria Online Pharmacy Market By Business Model
14.5.3.7.5 Nigeria Online Pharmacy Market, By Geographic Coverage
14.5.3.8 South Africa
14.5.3.8.1 South Africa Online Pharmacy Market By Drug Type
14.5.3.8.2 South Africa Online Pharmacy Market By Products
14.5.3.8.3 South Africa Online Pharmacy Market By Platform
14.5.3.8.4 South Africa Online Pharmacy Market By Business Model
14.5.3.8.5 South Africa Online Pharmacy Market, By Geographic Coverage
14.5.3.9 Rest of Africa
14.5.3.9.1 Rest of Africa Online Pharmacy Market By Drug Type
14.5.3.9.2 Rest of Africa Online Pharmacy Market By Products
14.5.3.9.3 Rest of Africa Online Pharmacy Market By Platform
14.5.3.9.4 Rest of Africa Online Pharmacy Market By Business Model
14.5.3.9.5 Rest of Africa Online Pharmacy Market, By Geographic Coverage
14.6 Latin America
14.6.1 Trend Analysis
14.6.2 Latin America Online Pharmacy Market By country
14.6.3 Latin America Online Pharmacy Market By Drug Type
14.6.4 Latin America Online Pharmacy Market By Products
14.6.5 Latin America Online Pharmacy Market By Platform
14.6.6 Latin America Online Pharmacy Market By Business Model
14.6.7 Latin America Online Pharmacy Market, By Geographic Coverage
14.6.8 Brazil
14.6.8.1 Brazil Online Pharmacy Market By Drug Type
14.6.8.2 Brazil Online Pharmacy Market By Products
14.6.8.3 Brazil Online Pharmacy Market By Platform
14.6.8.4 Brazil Online Pharmacy Market By Business Model
14.6.8.5 Brazil Online Pharmacy Market, By Geographic Coverage
14.6.9 Argentina
14.6.9.1 Argentina Online Pharmacy Market By Drug Type
14.6.9.2 Argentina Online Pharmacy Market By Products
14.6.9.3 Argentina Online Pharmacy Market By Platform
14.6.9.4 Argentina Online Pharmacy Market By Business Model
14.6.9.5 Argentina Online Pharmacy Market, By Geographic Coverage
14.6.10 Colombia
14.6.10.1 Colombia Online Pharmacy Market By Drug Type
14.6.10.2 Colombia Online Pharmacy Market By Products
14.6.10.3 Colombia Online Pharmacy Market By Platform
14.6.10.4 Colombia Online Pharmacy Market By Business Model
14.6.10.5 Colombia Online Pharmacy Market, By Geographic Coverage
14.6.11 Rest of Latin America
14.6.11.1 Rest of Latin America Online Pharmacy Market By Drug Type
14.6.11.2 Rest of Latin America Online Pharmacy Market By Products
14.6.11.3 Rest of Latin America Online Pharmacy Market By Platform
14.6.11.4 Rest of Latin America Online Pharmacy Market By Business Model
14.6.11.5 Rest of Latin America Online Pharmacy Market, By Geographic Coverage
15. Company Profiles
15.1 LloydsPharmacy
15.1.1 Company Overview
15.1.2 Financial
15.1.3 Product & Services/ Services Offered
15.1.4 SWOT Analysis
15.1.5 The SNS View
15.2 Amazon.com Inc.
15.2.1 Company Overview
15.2.2 Financial
15.2.3 Product & Services/ Services Offered
15.2.4 SWOT Analysis
15.2.5 The SNS View
15.3 GoodRx
15.3.1 Company Overview
15.3.2 Financial
15.3.3 Product & Services/ Services Offered
15.3.4 SWOT Analysis
15.3.5 The SNS View
15.4 Kroger Co.
15.4.1 Company Overview
15.4.2 Financial
15.4.3 Product & Services/ Services Offered
15.4.4 SWOT Analysis
15.4.5 The SNS View
15.5 Wal-Mart Stores Inc
15.5.1 Company Overview
15.5.2 Financial
15.5.3 Product & Services/ Services Offered
15.5.4 SWOT Analysis
15.5.5 The SNS View
15.6 Walgreen Co
15.6.1 Company Overview
15.6.2 Financial
15.6.3 Product & Services/ Services Offered
15.6.4 SWOT Analysis
15.6.5 The SNS View
15.7 Costco Wholesale Corporation
15.7.1 Company Overview
15.7.2 Financial
15.7.3 Product & Services/ Services Offered
15.7.4 SWOT Analysis
15.7.5 The SNS View
15.8 Express Scripts Holding Company
15.8.1 Company Overview
15.8.2 Financial
15.8.3 Product & Services/ Services Offered
15.8.4 SWOT Analysis
15.8.5 The SNS View
15.9 Cigna Corporation (Express Scripts Holdings)
15.9.1 Company Overview
15.9.2 Financial
15.9.3 Product & Services/ Services Offered
15.9.4 SWOT Analysis
15.9.5 The SNS View
15.10 Rite Aid Corp.
15.10.1 Company Overview
15.10.2 Financial
15.10.3 Product & Services/ Services Offered
15.10.4 SWOT Analysis
15.10.5 The SNS View
16. Competitive Landscape
16.1 Competitive Benchmarking
16.2 Market Share Analysis
16.3 Recent Developments
16.3.1 Industry News
16.3.2 Company News
16.3.3 Mergers & Acquisitions
17. Use Case and Best Practices
18. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
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