e-Pharmacy Market Size

ePharmacy Market size was valued at USD 69.36 billion in 2023 and is expected to reach USD 718.34 billion by 2036, expanding at around 19.7% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of ePharmacy is assessed at USD 80.29 billion.

The global ePharmacy market is thriving on the back of growing trend for e-commerce around the globe. Apparently rising awareness amongst consumers for the benefits that can be availed from purchasing via e-pharmacies, for instance, in-depth information on drugs along with competitive pricing and attractive discounts, along with availability of drugs which are not easily available in conventional pharmaceutical stores, and growing pharmaceutical industry, all such factors are anticipated to contribute towards the growth of the global market.

According to European Federation of Pharmaceutical Industries and Associations (EFPIA), exports in the pharmaceutical industry in the EU grew from USD 96739.36 Mn in the year 2000 to USD 397162.8 Mn in the year 2016.