Healthcare E-Commerce Market Size, Share, Growth Report 2032

Healthcare E-Commerce Market Insights

According to Zion Market Research, the global Healthcare E-Commerce Market was worth USD 301.58 Billion in 2023. The market is forecast to reach USD 1894.55 Billion by 2032, growing at a compound annual growth rate (CAGR) of 20.2% during the forecast period 2024-2032. The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Healthcare E-Commerce Market industry over the next decade.

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Healthcare E-Commerce Market Size

The global Healthcare E-Commerce Market accrued earnings worth approximately 353.1 USD Billion in 2020 and is predicted to gain revenue of about 840.1 USD Billion by 2028, is set to record a CAGR of nearly 17.1% over the period from 2021 to 2028. The report offers assessment and analysis of the Healthcare E-Commerce Market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2020 along with a forecast from 2021 to 2028 based on revenue USD Billion.

Healthcare E-Commerce Market: Outlook

Healthcare e-commerce activities help healthcare firms and hospitals in online purchase of prescribed medical devices. In addition to this, healthcare e-commerce encompasses purchase & sale of medical equipment and medicines. Apart from this, it provides benefits such as low costs, discounts, and convenience to users. Apparently, rise in consumerism has enabled healthcare e-commerce industry connect with patients.  With large-scale use of web mining techniques in healthcare e-commerce and use of Cournot Model in healthcare industry, the market for healthcare e-commerce is projected to expand leaps & bounds in near future.

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Healthcare E-Commerce Market: Growth Drivers

Growing purchase of healthcare products online is projected to boost expansion of healthcare e-commerce market in ensuing years. Due to COVID-19 outbreak, consumers have made massive utilization of internet for ordering products online. This, in turn, has provided impetus to demand for healthcare e-commerce activities across globe. Moreover, rise in online pharmacies and telemedicine activities will prompt business landscape. Nonetheless, stringent Cyber Security legislations are likely to decimate elevation of healthcare e-commerce business growth in ensuing years.

Furthermore, a prominent increment in end-user expenditure on healthcare items and growing internet penetration will boost healthcare e-commerce market trends. In addition to this, introduction of new healthcare apps for improving digital healthcare connectivity will accentuate demand for healthcare e-commerce activities in foreseeable future. Increase in e-commerce distribution channels has resulted in rise in online sales of various products, thereby driving online sale of healthcare products. This, in turn, will augment size of healthcare e-commerce market.

Healthcare E-Commerce Market: Regional Landscape

North America To Lead Market Space Over Forecast Timeframe

Growth of healthcare e-commerce market in North America over 2021-2028 can be credited to large-scale spending of customers on healthcare products. Apart from this, improved web connectivity even in remote areas is likely to facilitate huge expansion of healthcare e-commerce industry in North American sub-continent. According to CMS, healthcare expenditure in the U.S. reached nearly USD 3.8 trillion in 2019 and healthcare industry accounted for nearly 17.7 % of country’s GDP.

Healthcare E-Commerce Market: Report Scope

Healthcare E-Commerce Market: Competitive Landscape

Key players influencing business space and profiled in report are

• Amazon Inc.
• Exactcare Pharmacy
• CVS Health
• Flipkart Pvt. Ltd.
• Alibaba Group Holding Limited
• eBay Inc.
• Remdi SeniorCare
• Lloyds Pharmacy Limited
• McCabes Pharmacy
• Walgreens Boots Alliance Inc.

The global Healthcare E-Commerce Market is segmented as follows:

By Type

• Medical Devices
• Drug

By Application

• Telemedicine
• Caregiving Services
• Medical Consultation  

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa