Global ePharmacy Market Analysis and Forecast
The global ePharmacy market was valued at USD 60.0 billion in 2022 and is projected to grow at a robust compound annual growth rate (CAGR) of 20.4% from 2023 to 2030. This significant expansion is being driven by a number of factors, including the rising global internet penetration, the ongoing digital transformation of healthcare services, and the growing number of tech-savvy consumers who increasingly prefer online solutions. The convenience and accessibility offered by digital platforms are fostering a strong shift toward online purchasing behavior, particularly for healthcare products. The increasing integration of e-commerce into the healthcare sector is expected to further accelerate the market's growth. A notable example of this trend was the launch of a digital pharmacy by venture capitalist Mark Cuban in January 2022. The platform was established with a mission to offer over 100 generic pharmaceutical products at transparent, affordable prices,...