The North American online pharmacy market is anticipated to grow at a CAGR of 15.4% during the forecast period. High adoption of e-commerce, an increase in online orders, and growth in the elderly population are some of the key factors that will contribute to the largest market share of this region during the forecast period as well. The presence of well-established players and an increase in pharmaceutical needs, especially by baby boomers, are also expected to drive the market growth in this region.
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Further, due to the current COVID-19 lockdown in the country, a large number of consumers prefer to purchase medicine online. Governments in North American countries are taking the required steps to secure lives by enforcing lockdowns, monitoring, exclusion, and treatment. Due to limits in public activities, the role of e-commerce in pharmacy continues to expand. The demand for online pharmacy is increasing due to the increasing penetration of e-commerce and the growing population using online transactions. For instance, more than 80% of the US population is connected to e-pharmacy, and around 80% of US prescriptions are e-prescriptions.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
North American Online Pharmacy Market by Medicine Type
- OTC Medicines
- Prescription Medicines
Regional Analysis
- The US
- Canada
Company Profiles
- com, Inc. (PillPack)
- BioPlus Specialty Pharmacy Services, Inc.
- Caremark LLC (CVS Pharmacy)
- Carepoint Healthcare LLC (Carepoint Pharmacy)
- Express Scripts Holding Company
- Giant Eagle, Inc.
- MedVantx, Inc.
- com, Inc.
- OptumRx, Inc.
- rx-24-online.com
- Specialty Medical Drugstore (GoGoMeds.com)
- The Canadian Pharmacy
- The Kroger Company
- Walgreen Company
- Walmart, Inc.
- Woori Pharmacy
The Report Covers
- Comprehensive research methodology of the North American online pharmacy market.
- This report also includes a detailed and extensive market overview with the key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the North American online pharmacy market.
- Insights about market determinants which are stimulating the North American online pharmacy market.
- Detailed and extensive market segments with the regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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