Healthcare E-Commerce Market To Witness Inflated Growth With USD 840.1 Bn Revenue By 2028

12-Nov-2021 | Zion Market Research

As per the findings of Zion Market Research study, Healthcare E-Commerce industry garnered profits worth US$ 353.1 billion in 2020 and is anticipated to amass revenue of approximately US$ 840.1 billion by 2028. Moreover, Healthcare E-Commerce market is expected to record a CAGR of approximately 17.1% in 2021-2028. Growth of healthcare e-commerce industry over projected timeline can be credited to prominent increase in online sale of healthcare items as well as healthcare solutions. Leading e-commerce giants such as Amazon, Inc., have introduced new healthcare products & tools such as Amazon Comprehend Medical that helps in storing patient record through use of machine learning algorithms. For the record, in last quarter of 2019, Amazon purchased Health Navigator, a U.S.-based digital startup, for offering effective health services to various digital health firms. Apart from this, Amazon, Inc., acquired PillPack –a reputed digital pharmacy firm that had specialized in delivery of prescribed drugs to consumers helping the former garner huge profit margin as well as competitive advantages over its business rivals. All these moves will drive growth of healthcare e-commerce market in upcoming years. Furthermore, rise in online marketing activities and rapid approval of e-commerce tools have acted as major growth drivers for healthcare e-commerce industry in recent years.

North America To Contribute Majorly Towards Healthcare E-Commerce Market Revenue By 2028

Growth of healthcare e-commerce market in North America over assessment period is owing to rise in spending of consumers on purchase of online healthcare products. In addition to this, surge in internet penetration across nook and corner across counties such as Canada and the U.S. will promulgate scope of healthcare E-Commerce market in North America over years ahead. Formulation of supportive e-retailing laws in the sub-continent and strong firewalls provided by ecommerce firms for secured online transactions & purchase along with developing of user–friendly apps by these retail giants will prop up scope of market growth in the region.

Key players are focusing on developing user friendly products and thereby trying to optimize profits along with gaining competitive edge over their business competitors. We have profiled some of these key players in our market research report and they are Lloyds Pharmacy Limited,eBay Inc., Amazon, Inc., McCabes Pharmacy, Exactcare Pharmacy, Remdi SeniorCare, CVS Health, Flipkart Pvt. Ltd., Alibaba Group Holding Limited, and Walgreens Boots Alliance Inc.

Browse the full Healthcare E-Commerce Market - By Type (Drug And Medical Devices), By Application (Telemedicine, Medical Consultation, And Caregiving Services), And By Region- Global Industry Perspective, Comprehensive Analysis, And Forecast, 2021 – 2028.” Report at https://www.zionmarketresearch.com/report/healthcare-e-commerce-market

The global Healthcare E-Commerce Market is segmented as follows:

By Type

  • Medical Devices
  • Drug

By Application

  • Telemedicine
  • Caregiving Services
  • Medical Consultation  

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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