The global North America E-Pharmacy Market is estimated to be valued at US$ 50.9 Bn or Mn in 2023 and is expected to exhibit a CAGR of 18% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
The North America E-Pharmacy market deals in the sale and purchase of prescription drugs and medicines through online platforms or portals. Buying medicines over the internet provides consumers convenience and availability without having to visit a brick-and-mortar pharmacy.

Market key trends:
One of the major trends in the North America E-Pharmacy market is growing preference for online shopping amidst COVID-19 pandemic. Lockdowns and restrictions during the pandemic encouraged more people to purchase medicines online for safety and convenience. This accelerated growth of e-pharmacies in the region. Long working hours and busy schedules have also driven the demand for online shopping of medicines. Rising internet penetration and growing awareness about e-pharmacy services further support the market growth.
Market key trends:
One of the key trends in the North America E-Pharmacy market is the increasing digitization and adoption of online platforms for prescription fulfillment. With rising internet penetration and preference for contactless services amid the COVID-19 pandemic, more consumers are opting for e-pharmacies for prescription refills and new orders. E-pharmacies provide added advantages like home delivery, remote consultation through telehealth, and convenient payment options which have proven beneficial for customers.

SWOT Analysis
Strengths: E-pharmacies offer added convenience to customers through features like home delivery, online consultations and multi-channel purchasing. This has strengthened their demand during the pandemic.
Weaknesses: Lack of personal touch points and potential errors in order processing/fulfilment. Dependence on strong cyber security and privacy practices.
Opportunities: Growing preference for contactless healthcare services and digital platforms. Opportunities to expand into new therapy areas and customer segments.
Threats: Strict regulations around online pharmacies in some jurisdictions. Competition from brick-and-mortar pharmacy chains improving their digital offerings. Dependence on partnerships with PBMs/insurance companies.

Key Takeaways
The North America E-Pharmacy Market Share is expected to witness high growth, exhibiting CAGR of 18. over the forecast period, due to increasing preference for contactless healthcare services amid the COVID-19 pandemic.

The U.S is the largest and fastest growing e-pharmacy market in North America. Favorable regulatory environment and high adoption of digital healthcare platforms have propelled e-pharmacy adoption in the country.

Canada is also emerging as an attractive market for e-pharmacies Major players like Shoppers Drug Mart have introduced reliable online platforms for prescription delivery and refills.

Key players operating in the North America E-Pharmacy market include CVS Caremark, Zur Rose Group AG, PlanetRX.com Inc., Walgreen Company, Familymeds, Inc, Medisave, The Kroger Co., Cigna, Optum Rx, Inc, Giant Eagle, Walmart, Inc.,Express Scripts Holding Company, Optum Rx, Inc., Rowlands Pharmacy, Apollo Pharmacy and Netmeds. These players are focusing on partnerships, mergers and acquisitions to strengthen their digital capabilities and market presence.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it