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The report "Digital Pharmacy Market by Drug Type (Prescription Medicines and Over-the-Counter Products), by Product (Medicine, Vitamins & Supplements, Personal Care, CVD, Oncology, and Diabetes), by Platform (Apps and Websites), by Business Model (Captive, Franchise, and Aggregator) - Global Forecast to 2030", The global digital pharmacy market is anticipated to have an 18.5% CAGR during the forecast period. The digital pharmacy is an online platform that offers sales of drugs and medications to the consumers. The growing consumer preference for online shopping and an emphasis on convenience are both contributing to the market expansion of the digital pharmacy industry.

Furthermore, the COVID-19 pandemic has augmented the market growth of the global digital pharmacy industry as there is increased access to online services and surging implementation of e-prescriptions in healthcare services amidst the COVID-19 outbreak, thereby supporting the market growth of the digital pharmacy industry.

Moreover, the rising penetration of smartphones, the surge in the geriatric population, and the convenience offered by digital pharmacy platforms to order medicines online from the comfort of their homes will accelerate the market expansion of the digital pharmacy business. The increased adoption of telemedicine and rising penetration of e-commerce will lead to more transparency, awareness, and accessibility to healthcare providers, thereby supporting market growth. Nevertheless, partnerships between manufacturers and online pharmacies to increase the accessibility of their products and the client base through online channels will spur market expansion during the forecast period.

In May 2022, CVS Health® has launched CVS Health Virtual Primary CareTM, a novel virtual care solution accessible via a single digital platform. CVS Health's services, clinical expertise, and data are linked in this offering for a more coordinated and consumer-centric healthcare experience. The new solution, which demonstrates CVS Health's bold strategy to improve primary care, allows consumers to choose care when and where they want it - in a retail or community-based setting, through at-home health services, or virtually. Members of CVS Health Virtual Primary Care will have access to primary care, on-demand care, chronic disease management, and mental health services virtually, with the option to visit a MinuteClinic or other in-network clinician in person if necessary. The virtual primary care provider can help members find in-network specialists and other in-network health service providers if that is necessary.

Browse 224 market data Tables and 122 Figures spread through 169 Pages and in-depth TOC on " Digital Pharmacy Market by Drug Type (Prescription Medicines and Over-the-Counter Products), by Product (Medicine, Vitamins & Supplements, Personal Care, CVD, Oncology, and Diabetes), by Platform (Apps and Websites), by Business Model (Captive, Franchise, and Aggregator), and Region - Global Forecast to 2030

By drug type, OTC is anticipated to have highest growth during the forecast period.

Based on Drug Type, the global digital pharmacy market is bifurcated into Prescription Medicines and Over-the-Counter Products. The OTC dominates the digital pharmacy industry owing to rising penetration of internet and surging awareness about the advantages associated with online OTC. The digital pharmacy market statistics will be driven by the availability of a wide range of over-the-counter medications for various commonly occurring disorders like the flu and the common cold.

Global Digital Pharmacy Market Segmentation Analysis

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“Asia-Pacific is anticipated to have a high CAGR in the Digital Pharmacy Market during the forecast period.”

Asia-Pacific is anticipated to have a high CAGR during the forecasted timeframe as developing economies like India and China having large population base are adopting digital technologies. Further, increased strategic initiatives by several public and private organization will lead to market development of the digital pharmacy industry in the region. Thus, increased regulations by the government, emergence of e-commerce sector, and growing number of e-pharmacy will accelerate the market development of global digital pharmacy industry in the region.

Some of the major players in the global Digital Pharmacy industry include Tata1mg,  Netmeds Marketplace Ltd., Evernorth Health Inc., CVS Health, The Kroger Co., Walgreen Co., Walmart, Giant Eagle, Inc., Rowlands Pharmacy, and Apollo Pharmacy.

Scope of the Report

Global Digital Pharmacy Market Coverage

Drug Type Insight and Forecast 2018-2030

• Prescription Medicines
• Over-the-Counter Products

Product Insight and Forecast 2018-2030

• Medicine
• Vitamins & Supplements
• Personal Care
• CVD
• Oncology
• Diabetes

Platform Insight and Forecast 2018-2030

• Apps
• Websites

Business Model Insight and Forecast 2018-2030

• Captive
• Franchise
• Aggregator

Geographical Segmentation

Digital Pharmacy Market by Region

North America

• By Drug Type
• By Product
• By Platform
• By Business Model
• By Country – U.S., Canada, and Mexico

Europe

• By Drug Type
• By Product
• By Platform
• By Business Model
• By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

• By Drug Type
• By Product
• By Platform
• By Business Model
• By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

• By Drug Type
• By Product
• By Platform
• By Business Model
• By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries