The Healthcare E-Commerce by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Healthcare E-Commerce, The healthcare e-commerce market size has grown rapidly in recent years. It will grow from $366.94 billion in 2023 to $434.88 billion in 2024 at a compound annual growth rate (CAGR) of 18.5%. The growth in the historic period can be attributed to emerging markets growth, adoption of advanced technology in the wake of covid-19, rapid growth in aging population, a rise in digital payments, and increased internet penetration.
The healthcare e-commerce market size is expected to see rapid growth in the next few years. It will grow to $874.76 billion in 2028 at a compound annual growth rate (CAGR) of 19.1%. The growth in the forecast period can be attributed to rising prevalence of chronic diseases and increasing awareness of a healthy lifestyle. Major trends in the forecast period include adopting wearable devices as this will ensure that healthcare e-commerce providers could enhance the reach of their businesses, utilize ar technologies to enhance their patient’s personalized experiences, implement ai-powered tools to personalize the buying experience of their customers and increase revenues, focus on strategies such as product launches to enhance their product portfolio with improved technologies, invest in acquisitions to increase market share and expand their product portfolio offerings and providers should have a clear strategy for current and future offerings and offer a greater diversity of delivery models to stay competitive in the healthcare e-commerce sector.
Increasing consumer spending on medical products, coupled with rising internet penetration, is expected to contribute to higher demand for the healthcare e-commerce market in the upcoming years. Growing demand for healthcare products and high internet penetration are enabling people to switch to online products, which in turn is creating higher demand for online healthcare products. For instance, in September 2021, according to the Centers for Medicare & Medicaid Services, a US-based federal agency within the U.S. Department of Health and Human Services, 2021, the expenditure on prescription drugs rose by 7.8% to reach a total of $378.0 billion, which is a faster growth rate than the 3.7% increase recorded in 2020. Also in 2021, spending on Medicare surged by 8.4% and reached $900.8 billion, making up 21% of the total National Health Expenditures (NHE). Additionally, Medicaid spending increased by 9.2% and reached $734.0 billion, accounting for 17% of the total NHE. This scenario is anticipated to propel the revenues of the growth of the healthcare e-commerce market over the forecast period.
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The healthcare e-commerce market covered in this report is segmented –
1) By Type: Drug, Medical Devices
2) By Application: Telemedicine, Caregiving Services, Medical Consultation
3) By End User: Hospitals, Clinics, Others
The launch of new healthcare applications for connecting doctors and patients directly is a leading trend driving the healthcare e-commerce market. In November 2021, SMV Healthcare, a Chennai-based pharmaceuticals company, launched MyMedicalShop.com, an online platform for purchasing medicine and healthcare products, e-consultations, and diagnostic tests at home. Therefore, the launch of new healthcare applications is likely to shape the growth of the healthcare e-commerce market in the near future.
The healthcare e-commerce market report table of contents includes:
1. Executive Summary
2.Healthcare E-Commerce Market Characteristics
3.Healthcare E-Commerce Market Trends And Strategies
4.Healthcare E-Commerce market analysis
5.Healthcare E-Commerce Market Size And Growth
6.Healthcare E-Commerce Segmentation
7.Healthcare E-Commerce Regional And Country Analysis
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27.Healthcare E-Commerce Competitive Landscape And Company Profiles
28.Healthcare E-Commerce Key Mergers And Acquisitions
29.Healthcare E-Commerce Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Amazon.com, Inc.
- Alibaba Health Information Technology Limited
- Walgreens Boots Alliance Inc.
- LloydsPharmacy Limited (McKesson Europe)
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Global Healthcare E-Commerce Market: OverviewThe demand within the global healthcare e-commerce market is growing on back of continuous advancements in the e-commerce industry and online sales of medication.
Henceforth, the total volume of revenues in the global healthcare e-commerce market is expected to grow in the years to follow.Read Report Overview-https://www.transparencymarketresearch.com/healthcare-e-commerce-market.htmlInvestments in the e-commerce industry have trickled down to the online sales of healthcare products.
Identify the Key Factors that will drive your Company’s Growth.
Online sales channels have become the most popular option amongst consumers, and this trend has aided the growth of the global healthcare e-commerce market.A report added by Transparency Market Research (TMR) on the global healthcare e-commerce market offers an in-depth scrutiny of key growth dynamics, emerging avenues, and imminent investment pockets.
The market can be segmented on the basis of the following parameters: type, application, and region.
The company launched Amazon Comprehend Medical, a platform that helps in aggregating patients’ records using machine learning.
The Business Research Company published its Healthcare E-Commerce Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global Healthcare E-Commerce market.
The report provides in-depth analysis of the impact of COVID-19 on the market, along with revised market numbers due to the effects of the coronavirus.The report covers the healthcare e-commerce market’s segments-1) By Type: Drug, Medical Devices2) By Application: Telemedicine, Caregiving Services, Medical Consultation.
View Complete Report:https://www.thebusinessresearchcompany.com/report/healthcare-e-commerce-global-market-report-2020-30-covid-19-implications-and-growthHealthcare E-Commerce Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.
The chapter also covers markets which have been positively affected by the pandemic.The global healthcare e-commerce market is expected to grow from $181 billion in 2019 to about $311.3 billion in 2020.
Due to Covid-19, a significant growth is seen in the demand for medical supplies including surgical masks, gloves, medicines, and other products.
