The global healthcare e-commerce market size is expected to grow from $261.25 billion in 2021 to $309.62 billion in 2022 at a compound annual growth rate (CAGR) of 18.5%. The global healthcare ecommerce market size is expected to grow to $613.94 billion in 2026 at a CAGR of 18.7%.
What is the Global Healthcare E-Commerce Market?
The healthcare e-commerce market consists of sales of healthcare products and their related services. E-commerce is also known as internet commerce or electronic commerce and refers to the sales and purchase of goods and services using the internet. It enables healthcare institutions, hospitals, clinics, and other healthcare facilities to purchase medical equipment and supplies through online channels. Healthcare e-commerce includes buying and selling medical devices and drugs and offers advantages such as convenience, lower prices & discounts, a wide range of products, replacement and refund policies, reviews and feedback, and quality certifications.
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What drives the Global Healthcare E-Commerce Market?
Increasing consumer spending on medical products coupled with rising internet penetration is to contribute to higher demand for the healthcare e-commerce market in the upcoming years. Growing demand for healthcare products and high internet penetration are enabling people to switch to online products, which in turn are creating higher demand for online healthcare products. According to Centres for Medicare & Medicaid services data 2021, U.S. health care spending has been increased to 9.7 percent in 2020, reaching $4.1 trillion or $12,530 per person. As a share of the nation's Gross Domestic Product, health spending accounted for 19.7 percent. Moreover, according to WeAreSocial’s Stats published in January 2020, the total internet users across the globe 2020 increased to 4.54 billion with a growth of 298 million or 7% in comparison with January 2019. This scenario is anticipated to propel the revenues for the healthcare e-commerce market over the forecast period.
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Global Healthcare E-Commerce Market Segments
The global healthcare e-commerce market is segmented:
By Type: Drug, Medical Devices
By Application: Telemedicine, Caregiving Services, Medical Consultation
By End-User: Hospitals, Clinics, Others
By Geography: The regions covered in the healthcare e-commerce market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Healthcare E-Commerce Global Market Report 2022provides market size and growth forecasts for the global healthcare e-commerce market, global healthcare e-commerce market share, healthcare e-commerce market segments and geographies, healthcare e-commerce market competitive landscape including leading competitors’ revenues, profiles and market shares. The healthcare e-commerce market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Healthcare E-Commerce Industry Playersinclude Amazon, Exactcare Pharmacy, Flipkart Pvt. Ltd, Alibaba Group Holding Ltd, eBay Inc, Remdi SeniorCare, Lloyds Pharmacy Ltd, McCabes Pharmacy, Walgreens Boots Alliance Inc, and CVS Health. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
