The Asia-Pacific online pharmacy market is estimated to witness a strong CAGR of 18.5% during the forecast period (2020-2026). Asia-Pacific is emerging to be one of the largest markets for online pharmacy. Asia-Pacific is gradually becoming the worst-hit COVID-19 region, across the globe. Individuals are naturally inclined towards online sales channels for pharmacies, owing to the lockdown impositions in most of the countries in the region. Additionally, the region has witnessed exceptional growth in internet penetration in recent years, which has hugely benefited the online pharmacy industry in the region.
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Further, at present, about 28% of the population is over 65 years of age in Asia-Pacific. In 2040, it is expected to hit 35%. Besides, the labor shortage is another major concern in the region, particularly in the healthcare sector, which depicts that there will be less staff/labor population to take care of the elderly population. Therefore, owing to the shortage in the labor population, senior citizens want to stay more independent and tech-savvy by using apps, the internet, and mobile devices, which is anticipated to boost the demand for medicines through online platforms.
Market Coverage
· The market number available for – 2019-2026
· Base year- 2019
· Forecast period- 2020-2026
· Segment Covered- by Medicine Type
· Countries Covered- China, India, Japan, and Rest of Asia-Pacific
· Competitive Landscape- 111, Inc.; Amazon.com, Inc. (PillPack); Japan Health Center; PharmEasy; 1 MG; and Walmart, Inc.
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Asia-Pacific Online Pharmacy Market Report Segment
By Medicine Type
· OTC Medicines
· Prescription Medicines
Asia-Pacific Online Pharmacy Market Report Segment
· China
· Japan
· India
Rest of Asia-Pacific
Company Profiles
· 1 MG
· 111, Inc.
· Amazon.com, Inc. (PillPack)
· Japan Health Center
· M/s Apollo Hospitals Enterprises, Ltd. (Apollo Pharmacy)
· Medlife International Pvt. Ltd.
· Natural Pharmacy Co., Ltd.
· Netmeds Marketplace Ltd.
· PharmEasy
· Walmart, Inc.
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