DUBLIN--(BUSINESS WIRE)--The "Healthcare E-Commerce Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.
The global healthcare e-commerce market is expected to grow from $261.25 billion in 2021 to $309.62 billion in 2022 at a compound annual growth rate (CAGR) of 18.5%. The market is expected to grow to $613.94 billion in 2026 at a compound annual growth rate (CAGR) of 18.7%.
Major players in the healthcare e-commerce market are Amazon, Exactcare Pharmacy, Flipkart Pvt. Ltd, Alibaba Group Holding Ltd, eBay Inc, Remdi SeniorCare, Lloyds Pharmacy Ltd, McCabes Pharmacy, Walgreens Boots Alliance Inc, and CVS Health.
The healthcare e-commerce market consists of sales of healthcare products and their related services. E-commerce is also known as internet commerce or electronic commerce and refers to the sales and purchase of goods and services using the internet.
It enables healthcare institutions, hospitals, clinics, and other healthcare facilities to purchase medical equipment and supplies through online channels. Healthcare e-commerce includes buying and selling medical devices and drugs and offers advantages such as convenience, lower prices & discounts, a wide range of products, replacement and refund policies, reviews and feedback, and quality certifications.
The main types of healthcare e-commerce are drug and medical devices. A drug refers to a substance that is used to prevent, diagnose, treat, or relieve symptoms of a disease or abnormal condition. The various applications involved are telemedicine, caregiving services, medical consultation that are used in hospitals, clinics, and other end users.
North America was the largest region in the healthcare e-commerce market in 2021. Asia Pacific was the second largest region in the healthcare e-commerce market. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Increasing consumer spending on medical products coupled with rising internet penetration is 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 are creating higher demand for online healthcare products.
According to Centres for Medicare & Medicaid services data 2021, U.S. health care spending has been increased to 9.7 percent in 2020, reaching $4.1 trillion or $12,530 per person. As a share of the nation's Gross Domestic Product, health spending accounted for 19.7 percent.
Moreover, according to WeAreSocial's Stats published in January 2020, the total internet users across the globe 2020 increased to 4.54 billion with a growth of 298 million or 7% in comparison with January 2019. This scenario is anticipated to propel the revenues for the healthcare e-commerce market over the forecast period.
Stringent regulations and cybersecurity laws are expected to limit the growth of the healthcare e-commerce market during the period. According to e-retailing laws and regulations in India, e-retailing companies are hit hard by the policy for e-commerce in India including the healthcare e-commerce industry.
Moreover, healthcare-related e-commerce platforms are mandated to make their cybersecurity infrastructure resilient and robust. Online pharmacies and telemedicine must comply with the techno legal regulations together with making their websites cyber secure. Therefore, stringent regulations imposed by various country governments are likely to restraint the growth of the healthcare e-commerce industry market over the approaching years.
The launch of new healthcare applications for connecting doctors and patients directly is a leading trend driving the healthcare e-commerce market. Therefore, the launch of new healthcare applications is likely to shape the growth of the healthcare e-commerce market in the near future.
Key Topics Covered:
1. Executive Summary
2. Healthcare E-Commerce Market Characteristics
3. Healthcare E-Commerce Market Trends And Strategies
4. Impact Of COVID-19 On Healthcare E-Commerce
5. Healthcare E-Commerce Market Size And Growth
5.1. Global Healthcare E-Commerce Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Healthcare E-Commerce Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Healthcare E-Commerce Market Segmentation
6.1. Global Healthcare E-Commerce Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Drug
- Medical devices
6.2. Global Healthcare E-Commerce Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Telemedicine
- Caregiving Services
- Medical Consultation
6.3. Global Healthcare E-Commerce Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Hospitals
- Clinics
- Other End-Users
7. Healthcare E-Commerce Market Regional And Country Analysis
7.1. Global Healthcare E-Commerce Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Healthcare E-Commerce Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
Companies Mentioned
- Amazon
- Exactcare Pharmacy
- Flipkart Pvt. Ltd.
- Alibaba Group Holding Ltd.
- eBay Inc.
- Remdi SeniorCare
- Lloyds Pharmacy Ltd.
- McCabes Pharmacy
- Walgreens Boots Alliance Inc.
- CVS Health
- FSA Store
- Kroger Co.
- Doc Morris
- Netmeds
- MedLife
For more information about this report visit https://www.researchandmarkets.com/r/weh0yz
