Industry

US Digital Pharmacy Market Size and Forecast (2020-2030), Regional Share, Trends, and Growth Opportunity Analysis Coverage: by Drug Type (Prescription Medicine and Over-the-Counter Medicine), Product [Personal Care, Vitamins and Supplements, Medicine and Treatment (Sexual Health, Neurological Disorders, Heartcare, Diabetes, and Weight Loss Drugs), and Others], Platform [App-Based (Telehealth Pharmacy Apps, Medication Management Apps, Health and Wellness Apps, and Compounding Pharmacy Apps, and Others) and Website Based], and Gender (Male and Female)

Report Code : 

TIPRE00030057

No. of Pages : 100
Published Month : Sep 2023
Category : Technology, Media and Telecommunications

The US digital pharmacy market size is expected to grow from US$ 67,242.93 million in 2022 to US$ 2,40,216.87 million by 2030; it is estimated to register a CAGR of 17.25% from 2022 to 2030.

Analyst’s ViewPoint

The US digital pharmacy market analysis explains market drivers such as the upsurge in online purchase of prescription medicines during the COVID-19 pandemic and an increasing inclination toward online platforms. Further, integrated web-based online pharmacy interfaces are expected to emerge as new trends in the market during 2022–2030. Based on drug type, the US digital pharmacy market is bifurcated into prescription medicine and over-the-counter medicine. The prescription medicine segment held a larger market share in 2022, and the same segment is anticipated to register a higher CAGR of 17.83% during 2022-2030. The US digital pharmacy market, by product, is segmented into personal care, vitamins & supplements, medicines & treatments, and other products. The medicine and treatment segment held a larger market share in 2022, and this segment is anticipated to register a higher CAGR during the forecast period. Based on platform, the US digital pharmacy market is categorized into app-based and website-based. The app-based segment is expected to account for a maximum share of the market during 2022–2030. Based on gender, the US digital pharmacy market is bifurcated into male and female. The female segment is expected to account for a maximum share of the US digital pharmacy market during 2022–2030.

A digital pharmacy is an internet-based selling platform for medicines, and it operates as an independent internet-only site, an online branch of a brick-and-mortar pharmacy, or a site representing a partnership among pharmacies.

US Digital Pharmacy MarketReport Scope

US Digital Pharmacy Market Report Scope

Report Attribute Details
Market size in 2022 US$ 67,242.93 Million
Market Size by 2030 US$ 2,40,216.87 Million
Global CAGR (2022 - 2030) 17.25%
Historical Data 2020-2021
Forecast period 2023-2030
Segments Covered By Drug Type
  • Prescription Medicine
  • Over-the-Counter Medicine
By Product
  • Personal Care
  • Vitamins and Supplements
  • Medicine and Treatment
By Platform
  • App-Based
  • Website Based
By Gender
  • Male
  • Female
Regions and Countries Covered United State
  • United State
Market leaders and key company profiles
  • Amazon.com Inc.
  • Good Rx Holdings
  • The Cigna Group
  • CVS Health Corp
  • Walmart Inc.
  • Hims & Hers Health Inc.
  • Roman Health Pharmacy LLC
  • Apex Pharmacy Inc.
  • LloydsPharmacy Ltd.
  • The List of Companies - US Digital Pharmacy Market

    1. Amazon.com Inc.
    2. Good Rx Holdings
    3. The Cigna Group
    4. CVS Health Corp
    5. Walmart Inc.
    6. Hims & Hers Health Inc.
    7. Roman Health Pharmacy LLC
    8. Apex Pharmacy Inc.
    9. LloydsPharmacy Ltd.
    10. Pharmacy2U Ltd.
    11. Docmorris NV
    12. Truepill
    • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the US digital pharmacy market.
    • Highlights key business priorities in order to assist companies to realign their business strategies.
    • The key findings and recommendations highlight crucial progressive industry trends in the global US digital pharmacy market, thereby allowing players across the value chain to develop effective long-term strategies.
    • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
    • Scrutinize in-depth US market trends and outlook coupled with the factors driving the market, as well as those hindering it.
    • Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution.
    Download Sample

    Frequently Asked Questions

    Who are the key players in the US digital pharmacy market?

    CVS Health Group, Cigna Group, Good Rx Holdings Inc., Walmart Inc., Hims & Hers Health Inc., Roman Health Pharmacy LLC, Apex Pharmacy Inc., Lloyds Pharmacy, Pharmacy2U Ltd., Docmorris NV, True pill among others are among the leading companies operating in the US digital pharmacy market.

    Which gender segment held the largest revenue (US$ Mn) in the US digital pharmacy market?

    The female segment dominated the global US digital pharmacy market and accounted for the largest revenue in 2022.

    Which segment led the US digital pharmacy market?

    Based on drug type, the prescription medicine segment took the forefront lead in the US digital pharmacy market by accounting largest share in 2020 and is expected to continue to do so till the forecast period.

    What are the driving factors for the US digital pharmacy market across the globe?

    Upsurge in online purchase of prescription medicines during COVID-19 pandemic, increasing inclination towards online platform are the factor responsible for the overall market growth.

    What is meant by the US digital pharmacy market?

    A digital/online pharmacy, or mail-order pharmacy is a pharmacy that operates over the internet and directs orders to customers via mail, shipping companies, or online pharmacy web portal. Online pharmacies include pharmacy benefits managers that administrate corporate prescription drug plans.