The North American online pharmacy market is estimated to display a strong CAGR of 15.4% during the forecast period (2020-2026). North America’s online pharmacy industry is powered by state-of-the-art technologies and latest apps for current applications, increasing the internet of things and the introduction of cloud-based solutions in virtually any field, especially in the medical sector. North America is expected to continue to lead global pharmaceutical sales during the forecast period and is projected to generate $635 billion in pharmaceutical sales by 2022. North America will also show significant growth during that time period owing to the high value drugs, healthcare awareness, high per capita expenditure on healthcare and high GDP of the region, resulting in a CAGR of around 6.4%.
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The online pharmacy market in North America is growing enormously. Pharmacy automation comprises automatic processes to handle and dispense medications, counting small objects, mixing and calculating liquids and powders for compounding, updating, and tracing records in the database and inventory management. This is expected to boost the online pharmacy market in North America 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.
Market Coverage
· Market number available for – 2019-2026
· Base year- 2019
· Forecast period- 2020-2026
· Segment Covered- by Medicine Type
· Countries Covered- the US and Canada
· Competitive Landscape- Amazon.com, Inc. (PillPack), Caremark LLC (CVS Pharmacy), Express Scripts Holding Company, The Kroger Company, Walgreen Company, and Walmart, Inc.
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North American Online Pharmacy Market Report Segment
By Medicine Type
· OTC Medicines
· Prescription Medicines
North American Online Pharmacy Market Report Segment
· US
· Canada
Company Profiles
· Amazon.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.
· NorthWestPharmacy.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
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