The Latin America, Middle East and Africa ePharmacy Market would witness market growth of 17.4% CAGR during the forecast period (2021-2027).
The rising penetration of smartphones across the developing and developed regions is also driving the growth of the market. According to the Mobile Economy, smartphone penetration has significantly increased in the last couple of years and is estimated to rapidly grow in the coming years. The healthcare sector and operational costs are correspondingly increasing but the players in the market are focusing on reducing operational costs by adopting ePharmacy solutions. In addition, a huge surge in the prevalence of chronic diseases has resulted in the higher demand for several healthcare products such as drugs. This represents the rising penetration of ePharmacies for purchasing drugs worldwide.
LAMEA ePharmacy market witnessed gradual growth in the past few years and is expected to show similar kind of trend even during the forecasting period. This positive growth of the market is attributed to the growing penetration of smartphones and tablets with a high-speed internet connection in the region. Also, the launch of several applications in favor of the end-user is escalating the regional market growth. Additionally, the increasing awareness about the convenient and easy way to purchase medicines through online pharmacies is creating new growth avenues for the market in this region.
Moreover, the growing number of healthcare centers and their demand for e-prescriptions is strongly fueling up the growth of ePharmacy. Further, the rising capital income in emerging nations of this region, the adoption of new technological developments like cloud-based platforms, and growing usage of the internet of things (IoTs) are some of the factors accountable to escalate the demand and growth of the regional ePharmacy market.
The Over-the-Counter Products market dominated the South Africa ePharmacy Market by Drug Type in 2020, growing at a CAGR of 17.5 % during the forecast period. The Prescription Medicines market is expected to witness a CAGR of 19.3% during (2021 - 2027).
Based on Drug Type, the market is segmented into Over-the-Counter Products and Prescription Medicines. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global ePharmacy Market is Estimated to Reach USD 167.6 Billion by 2027 at a CAGR of 16.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include The Kroger Co., Walgreen Co., Giant Eagle, Inc., Walmart, Inc., Express Scripts Holding Company (Cigna), CVS Health (CVS Pharmacy, Inc.), Optum Rx, Inc. (United Health Group), Rowlands Pharmacy (the PHOENIX group), DocMorris (Zur Rose Group AG), and Amazon Pharmacy (Amazon.com).
Scope of the Study
Market Segments Covered in the Report:
By Drug Type
- Over-the-Counter Products
- Prescription Medicines
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- The Kroger Co.
- Walgreen Co.
- Giant Eagle, Inc.
- Walmart, Inc.
- Express Scripts Holding Company (Cigna)
- CVS Health (CVS Pharmacy, Inc.)
- Optum Rx, Inc. (United Health Group)
- Rowlands Pharmacy (the PHOENIX group)
- DocMorris (Zur Rose Group AG)
- Amazon Pharmacy (Amazon.com)
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA ePharmacy Market, by Drug Type
1.4.2 LAMEA ePharmacy Market, by Geography
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 COVID-19 impact
2.1.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2017, Jun – 2021, Jun) Leading Players
Chapter 4. LAMEA ePharmacy Market by Drug Type
4.1 LAMEA Over-the-Counter Products Market by Country
4.2 LAMEA Prescription Medicines Market by Country
Chapter 5. LAMEA ePharmacy Market by Country
5.1 Brazil ePharmacy Market
5.1.1 Brazil ePharmacy Market by Drug Type
5.2 Argentina ePharmacy Market
5.2.1 Argentina ePharmacy Market by Drug Type
5.3 UAE ePharmacy Market
5.3.1 UAE ePharmacy Market by Drug Type
5.4 Saudi Arabia ePharmacy Market
5.4.1 Saudi Arabia ePharmacy Market by Drug Type
5.5 South Africa ePharmacy Market
5.5.1 South Africa ePharmacy Market by Drug Type
5.6 Nigeria ePharmacy Market
5.6.1 Nigeria ePharmacy Market by Drug Type
5.7 Rest of LAMEA ePharmacy Market
5.7.1 Rest of LAMEA ePharmacy Market by Drug Type
Chapter 6. Company Profiles
6.1 The Kroger Co.
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Recent strategies and developments:
6.1.3.1 Partnerships, Collaborations, and Agreements:
6.1.3.2 Geographical Expansions:
6.2 Walgreens Boots Alliance, Inc. (Walgreen Co.)
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental and Regional Analysis
6.2.4 Recent strategies and developments:
6.2.4.1 Partnerships, Collaborations, and Agreements:
6.2.4.2 Acquisition and Mergers:
6.3 Express Scripts Holding Company (Cigna)
6.3.1 Company Overview
6.3.2 Recent strategies and developments:
6.3.2.1 Partnerships, Collaborations, and Agreements:
6.3.2.2 Product Launches and Product Expansions:
6.4 Giant Eagle, Inc.
6.4.1 Company Overview
6.4.2 Recent strategies and developments:
6.4.2.1 Partnerships, Collaborations, and Agreements:
6.4.2.2 Product Launches and Product Expansions:
6.5 Rowlands Pharmacy (the PHOENIX group)
6.5.1 Company Overview
6.5.2 Recent strategies and developments:
6.5.2.1 Acquisition and Mergers:
6.6 CVS Health Corporation (CVS Pharmacy, Inc.)
6.7 UnitedHealth Group, Inc. (Optum, Inc.)
6.7.1 Company Overview
6.7.2 Financial Analysis
6.7.3 Segmental Analysis
6.7.4 Recent strategies and developments:
6.7.4.1 Partnerships, Collaborations, and Agreements:
6.7.4.2 Geographical Expansions:
6.8 Amazon.com, Inc. (Amazon Pharmacy)
6.8.1 Company Overview
6.8.2 Financial Analysis
6.8.3 Segmental and Regional Analysis
6.8.4 Recent strategies and developments:
6.8.4.1 Product Launches and Product Expansions:
6.8.4.2 Acquisition and Mergers:
6.8.5 SWOT Analysis
6.10. DocMorris N.V.
6.10.1 Company Overview
6.10.2 Recent strategies and developments:
6.10.2.1 Partnerships, Collaborations, and Agreements:
6.10.2.2 Product Launches and Product Expansions:
6.10.2.3 Acquisition and Mergers:
TABLE 1 LAMEA ePharmacy Market, 2017 - 2020, USD Million
TABLE 2 LAMEA ePharmacy Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– EPharmacy Market
TABLE 4 Product Launches And Product Expansions– EPharmacy Market
TABLE 5 Acquisition and Mergers– EPharmacy Market
TABLE 6 Geographical Expansions
TABLE 7 LAMEA ePharmacy Market by Drug Type, 2017 - 2020, USD Million
TABLE 8 LAMEA ePharmacy Market by Drug Type, 2021 - 2027, USD Million
TABLE 9 LAMEA Over-the-Counter Products Market by Country, 2017 - 2020, USD Million
TABLE 10 LAMEA Over-the-Counter Products Market by Country, 2021 - 2027, USD Million
TABLE 11 LAMEA Prescription Medicines Market by Country, 2017 - 2020, USD Million
TABLE 12 LAMEA Prescription Medicines Market by Country, 2021 - 2027, USD Million
TABLE 13 LAMEA ePharmacy Market by Country, 2017 - 2020, USD Million
TABLE 14 LAMEA ePharmacy Market by Country, 2021 - 2027, USD Million
TABLE 15 Brazil ePharmacy Market, 2017 - 2020, USD Million
TABLE 16 Brazil ePharmacy Market, 2021 - 2027, USD Million
TABLE 17 Brazil ePharmacy Market by Drug Type, 2017 - 2020, USD Million
TABLE 18 Brazil ePharmacy Market by Drug Type, 2021 - 2027, USD Million
TABLE 19 Argentina ePharmacy Market, 2017 - 2020, USD Million
TABLE 20 Argentina ePharmacy Market, 2021 - 2027, USD Million
TABLE 21 Argentina ePharmacy Market by Drug Type, 2017 - 2020, USD Million
TABLE 22 Argentina ePharmacy Market by Drug Type, 2021 - 2027, USD Million
TABLE 23 UAE ePharmacy Market, 2017 - 2020, USD Million
TABLE 24 UAE ePharmacy Market, 2021 - 2027, USD Million
TABLE 25 UAE ePharmacy Market by Drug Type, 2017 - 2020, USD Million
TABLE 26 UAE ePharmacy Market by Drug Type, 2021 - 2027, USD Million
TABLE 27 Saudi Arabia ePharmacy Market, 2017 - 2020, USD Million
TABLE 28 Saudi Arabia ePharmacy Market, 2021 - 2027, USD Million
TABLE 29 Saudi Arabia ePharmacy Market by Drug Type, 2017 - 2020, USD Million
TABLE 30 Saudi Arabia ePharmacy Market by Drug Type, 2021 - 2027, USD Million
TABLE 31 South Africa ePharmacy Market, 2017 - 2020, USD Million
TABLE 32 South Africa ePharmacy Market, 2021 - 2027, USD Million
TABLE 33 South Africa ePharmacy Market by Drug Type, 2017 - 2020, USD Million
TABLE 34 South Africa ePharmacy Market by Drug Type, 2021 - 2027, USD Million
TABLE 35 Nigeria ePharmacy Market, 2017 - 2020, USD Million
TABLE 36 Nigeria ePharmacy Market, 2021 - 2027, USD Million
TABLE 37 Nigeria ePharmacy Market by Drug Type, 2017 - 2020, USD Million
TABLE 38 Nigeria ePharmacy Market by Drug Type, 2021 - 2027, USD Million
TABLE 39 Rest of LAMEA ePharmacy Market, 2017 - 2020, USD Million
TABLE 40 Rest of LAMEA ePharmacy Market, 2021 - 2027, USD Million
TABLE 41 Rest of LAMEA ePharmacy Market by Drug Type, 2017 - 2020, USD Million
TABLE 42 Rest of LAMEA ePharmacy Market by Drug Type, 2021 - 2027, USD Million
TABLE 43 Key information – The Kroger Co.
TABLE 44 Key Information – Walgreens Boots Alliance, Inc.
TABLE 45 Key Information – Express Scripts Holding Company (Cigna)
TABLE 46 Key Information – Giant Eagle, Inc.
TABLE 47 Key Information – Rowlands Pharmacy
TABLE 49 Key Information – UnitedHealth Group, Inc.
TABLE 50 Key Information – Amazon.com, Inc.
TABLE 52 Key Information – DocMorris NV
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2017, Jun – 2021, Jun) Leading Players
FIG 5 Recent strategies and developments: Walgreen Co.
FIG 6 Recent strategies and developments: Express Scripts Holding Company (Cigna)
FIG 7 Recent strategies and developments: Giant Eagle, Inc.
FIG 8 Recent strategies and developments: UnitedHealth Group, Inc.
FIG 9 SWOT analysis: Amazon.com, Inc.