U.S. Pharma E-commerce Market To Reach $50.77 Billion By 2030

U.S. Pharma E-commerce Market Growth & Trends

The U.S. pharma E-commerce market size is anticipated to reach USD 50.77 billion by 2030, growing at a CAGR of 19.8% from 2023 to 2030, according to a recent study by Grand View Research, Inc. The increased usage of digital technology, which has made it easier for customers to acquire prescription medications online, is one of the primary drivers of this rise. Patients may now consult with healthcare specialists remotely and have their prescriptions filled through e-pharmacies, saving both time and effort, thanks to the advent of telemedicine and mobile health apps.

The COVID-19 pandemic hastened the transition toward online pharmaceutical purchasing, as many people seek to reduce their in-person encounters. This boom in e-pharmacy demand increased revenues and spurred the sector to spend extensively on enhancing logistics and supply chain infrastructure, ensuring that medications reach patients swiftly and safely. Furthermore, the competitive environment of the pharmaceutical e-commerce sector in the United States has changed dramatically. Established brick-and-mortar pharmacies have moved online, while startups and digital health platforms have grown in popularity. This fierce competition has fueled innovation, resulting in better user experiences, lower prices, and greater medicine pricing and availability transparency.

The U.S. pharmaceutical e-commerce sector is expected to expand further as customers become acclimated to the ease and efficiency of online drug purchasing. However, regulatory and cybersecurity issues must be addressed for this booming business to remain secure and reliable. As technology advances and customer preferences shift, the future of pharmaceutical e-commerce in the United States looks bright. Patients now have instant access to a wealth of drug information, including reviews, alternatives, and cost comparisons. This openness has enabled customers to make more educated healthcare decisions, leading to a surge in demand for individualized and customized drug solutions. E-pharmacies are reacting by providing services like medication synchronization, automated refills, and medication adherence programs to improve patient outcomes.

The expansion of the U.S. pharmaceutical e-commerce business is not restricted to prescription pharmaceuticals. Online purchases of over-the-counter (OTC) products, supplements, and healthcare-related items are also expanding. Because of this diversity of goods, e-pharmacies can now meet more healthcare demands, making them one-stop shopping for many customers. The ease of home delivery and the opportunity to compare pricing and read product evaluations make e-commerce platforms an appealing option for healthcare buying that extends beyond prescription pharmaceuticals.

However, as the sector grows, it confronts regulatory problems in privacy, data security, and prescription verification. Finding a happy medium between innovation and safety will be critical for long-term prosperity. The sector must address digital access and healthcare knowledge inequities to provide equal access to online pharmaceutical services. Despite these hurdles, the pharmaceutical e-commerce business in the United States shows no signs of slowing down, and its expansion promises to transform how Americans handle their healthcare requirements in the coming years.

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U.S. Pharma E-commerce Market Report Highlights

• The vaccine segment is projected to grow at the highest CAGR of over 21% from 2023 to 2030, owing to increased vaccination awareness and the convenience of online purchasing

• The diabetes segment is projected to witness the highest CAGR of around 23% from 2023 to 2030. The widespread availability of diabetes drugs on e-commerce platforms is expected to increase demand for diabetic medicines via e-commerce channels in the United States until 2030

• By type, the prescription medicine segment is projected to witness the highest CAGR of over 30% over the forecast period, owing to convenience and accessibility, telemedicine and digital health, cost savings, and increased health awareness

• By market type, the B2C segment is projected to witness the highest CAGR of over 21% over the forecast period. The ability to order prescription medications, healthcare products, and over-the-counter drugs from the comfort of one's home offers unmatched convenience, particularly for individuals with busy lifestyles or limited mobility

• By platform, the manufacturer-owned marketplace segment is projected to witness the highest CAGR of more than 22% over the forecast period. These marketplaces offer a direct-to-consumer model, which helps eliminate intermediaries, thereby reducing the cost for the manufacturers and customers

• The key players have wider sales channels, thereby driving the market's growth. Some major companies operating in the data center virtualization industry include Amazon.com, Inc.; Chewy, Inc.; CVS Health; Express Scripts; FSA Store Inc.; Healthwarehouse, Inc.; McKesson Corporation; OptumRx, Inc.; PillPack; Rite Aid Corp.; Sam's West, Inc.; The Kroger Co.; Walgreen Co.; Walmart Health; and 1-800 Contacts

U.S. Pharma E-commerce Market Segmentation

Grand View Research has segmented the U.S. pharma E-commerce market based on product type, therapeutic areas, type, market type, and platform:

U.S. Pharma E-commerce Product Type Outlook (Revenue, USD Billion, 2018 - 2030)

• Vaccines

• Specialty Care

• Topical Medicines

• Others

U.S. Pharma E-commerce Therapeutic Areas Outlook (Revenue, USD Billion, 2018 - 2030)

• Diabetes

• Immune-system Diseases

• Cardiovascular Diseases

• Neurodegenerative Diseases

• Cancer

• HIV/AIDS

• Others

U.S. Pharma E-commerce Type Outlook (Revenue, USD Billion, 2018 - 2030)

• Prescription Medicine

• Over-the-Counter (OTC)

U.S. Pharma E-commerce Market Type Outlook (Revenue, USD Billion, 2018 - 2030)

• B2B

• B2B2B

• B2B2C

• B2C

U.S. Pharma E-commerce Platform Outlook (Revenue, USD Billion, 2018 - 2030)

• Manufacturer-owned Digital Commerce

• Distributor/Wholesaler-owned Digital Commerce

• Manufacturer-owned Marketplace

• Third Party Market Place

• Retail

List of Key Players in theU.S. Pharma E-commerce Market

• Amazon.com, Inc.

• Chewy, Inc.

• CVS Health

• Express Scripts

• FSA Store Inc.

• Healthwarehouse,.Inc

• McKesson Corporation

• OptumRx, Inc.

• PillPack

• Rite Aid Corp.

• Sam's West, Inc.

• The Kroger Co.

• Walgreen Co.

• Walmart Health

• 1-800 Contacts