Global Mail Order Pharmacy Market Strategies 2024, Forecast To 2033
8 Mar, 2024
The mail order pharmacy market has seen rapid growth, expanding from $92.72 billion in 2023 to $108.8 billion in 2024, with a CAGR of 17.3%. Factors driving this growth include the rise of chronic conditions, increased healthcare costs, and growing demand for online pharmacies. Forecasts suggest further rapid expansion to $206.97 billion by 2028, with a CAGR of 17.4%, attributed to increasing adoption of telemedicine and expansion of specialty medication coverage. Major trends include technological advancements, AI and automation in prescription processing, and focus on sustainability in packaging medicines.
Global Mail Order Pharmacy Market Key Driver
The mail-order pharmacy market is experiencing growth driven by the increasing adoption of e-commerce for purchasing medications and prescription refills. Forecasts indicating substantial growth in global retail e-commerce sales further support the upward trajectory of the mail-order pharmacy market, as consumers increasingly prefer the convenience of ordering medications online.
Get A Free Sample Of The Global Mail Order Pharmacy Market ReportGlobal Mail Order Pharmacy Market Segments
The mail order pharmacy market covered in this report is segmented –
1) Product Type:Dermal Care, Diabetes, Cardiovascular Medicines, Blood Pressure, Asthma, Cold And Flu, Painkillers, Antacids, Other Products
2) Drug Type:Non-Prescription Drugs, Prescription Drugs
3) Mode Of Order:Online Store, Pharmacy Apps
By Geography: The countries covered in the mail order pharmacy market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the mail-order pharmacy market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the mail order pharmacy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Mail Order Pharmacy Industry Players
CVS Health Corporation; UnitedHealth Group Inc.; Accredo Health Group Inc.; McKesson Corporation; Cigna; Cardinal Health; Walgreen Co.; OptumRx Inc.; Humana Pharmacy; Aetna Inc.; Wellcare Health Plans Inc.; Prime Therapeutics LLC.; Express Scripts Inc.; Zur Rose Group AG; CHI Health; MedImpact; Remedi SeniorCare Holding Corporation; RxAdvance Corporation; WellDyneRx Inc.; PillPack Inc.; BeneCard Services Inc.; DocMorris N.V.; EnvisionPharmacies; Freedom Fertility Pharmacy; Canada Drugs Online; Elixir Rx Solutions LLC.; eDrugstore; Simple Meds LLC.; SANICARE; Apex Specialty Pharmacy
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Mail Order Pharmacy Market Overview
A mail-order pharmacy is a drugstore that accepts online orders and mails orders to customers. It is used to conveniently order and manage prescriptions using a smartphone or computer.