New York, United States, July 29, 2024 (GLOBE NEWSWIRE) — The Global Healthcare E-Commerce Market size is expected to grow from $301.8 Billion in 2023 to $1362.15 Billion in 2033, at a CAGR of 16.27% during period 2023-2033.
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Healthcare e-commerce, often referred to as eHealth or healthcare e-commerce, is a term used to describe the buying and selling of healthcare-related products and services online. E-commerce platforms offer medical professionals as well as organizations access to a variety of medical equipment, from surgical equipment to diagnostic equipment. Healthcare e-commerce enables consumers to get prescriptions online and communicate with doctors in remote locations by combining telemedicine and telehealth services. Availability of over the counter and prescription drugs using the digital platform will help in market expansion. The demand for home health care is increasing, which makes the e-commerce market very large. Thanks to e-commerce platforms, patients are now able to access healthcare products and services online, regardless of their location. Patients can compare prices, read product reviews, and shop online from the comfort of their own homes. The ease of use of online shopping has contributed to the growth of telemedicine, which enables real-time communication between patients and medical professionals. However, the healthcare e-commerce industry is affected by several restrictions on online transactions, which restrict its expansion and undermine consumer confidence.
Find key industry insights spread across 194 pages with 120 Market data tables and figures and charts from the report “Global Healthcare E-Commerce Market Size, Share, and Impact Analysis of COVID-19, By Type (Drugs, Medical Devices), By Application (Telemedicine, Care Services, Medical Consultations), By Users (Consumers, Healthcare Professionals, Hospitals & Clinics, and Pharmacies), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.”
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The drug segment is estimated to hold the largest share of the market during the forecast period.
Based on type, the healthcare e-commerce market is segmented into drugs and medical devices. Among these, the drug segment is estimated to hold the largest share of the market during the forecast period. The number of people with chronic diseases has increased, which has led to an increase in the demand for prescription drugs. One of the main reasons why this group is growing is the ease of buying prescription drugs online and having the products delivered directly to your home.
The telemedicine segment is expected to hold the highest market share during the forecast period.
Based on application, the healthcare e-commerce market is segmented into telemedicine, care services and medical consultations. Among these, the telemedicine segment is expected to hold the highest market share during the forecast period. The main advantages of telemedicine are its low cost, good user interaction, and the ability to provide medical care virtually. Due to the increasing demand for telemedicine services, the healthcare e-commerce market is expected to rise rapidly during the forecast period.
The consumer segment is estimated to hold the largest share of the market during the forecast period.
Based on the end user, the healthcare e-commerce market is segmented into consumers, healthcare professionals, hospitals and clinics, and pharmacies. Among these, the consumer segment is expected to hold the largest market share during the forecast period. Health e-commerce services are easy to use and available for individual use, consumers tend to like them. Consumers appreciate having the freedom to research products, evaluate them, and make informed decisions from the comfort of their own homes.
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North America is estimated to hold the largest share of the healthcare e-commerce market during the forecast period.
North America is estimated to hold the largest share of the healthcare e-commerce market during the forecast period. North America is an advanced region with strong digital infrastructure in healthcare. The healthcare e-commerce industry is growing due to factors such as the increasing number of internet users, the high rate of smartphone adoption, and the growing desire is growing online shopping. The growing demand for online medical consultations, online appointments, and electronic prescriptions is growing in the North American e-commerce market.
Asia Pacific is predicted to have the highest CAGR growth in the healthcare e-commerce market during the forecast period. Asia Pacific e-commerce in the healthcare market has been facilitated by the region’s aging population, increasing demand for online medical services, and increasing internet usage. and mobile technology. In addition, the region is home to several developing economies that are rapidly integrating the latest technologies to improve their health services and expand access to health care for the general public. .
Competitive Analysis:
The report provides an accurate analysis of key organizations/companies involved in the global market along with a comparative analysis based on their product offerings, business outlook, geographic presence, strategies of businesses, market segmentation, and SWOT analysis. The report also provides a detailed analysis focusing on current issues and developments of the companies, including product development, innovations, joint ventures, partnerships, mergers and acquisitions, alliances of policies and others. This allows for an analysis of overall competition within the market. Major players in the healthcare e-commerce market include Amazon, Exactcare Pharmacy, Flipkart Pvt. Ltd., Alibaba Group Holding Ltd., Dr. Reddy’s Laboratories Ltd, Walmart, Inc., Eli Lilly, Piramal Wellify, NextPlat, McCabes Pharmacy, GE Healthcare, Siemens Healthcare, Cerner Corporation, CVS Health, and Others.
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Recent Updates
- In February 2024, The plan is for NextPlat Corp to launch online stores in China under the OPKO Health brand. Chinese citizens will find health products, such as vitamins and nutrition, through this new online store.
Market Share
The study forecasts revenue at the global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the healthcare e-commerce market based on the following segments:
Global Healthcare E-Commerce Market, By Type
Global Healthcare E-Commerce Market, Please
- Telemedicine
- Maintenance services
- Medical Examination
Global Healthcare E-Commerce Market, By User
- Customers
- Health Professionals
- Hospitals & Clinics
- Pharmacies
Global Healthcare E-Commerce Market, With Regional Analysis
- North America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- In another part of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Other Asia Pacific regions
- South America
- Brazil
- Argentina
- In another part of South America
- Middle East and Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Other places in the Middle East & Africa
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