Insights Into The Healthcare E Commerce Market’s Growth Opportunities Through 2023-2032 – Includes Healthcare E Commerce Market Forecast
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Increasing consumer spending on medical products, coupled with rising internet penetration are expected to drive innovation in healthcare ecommerce manufacturing, thus driving the market during the forecast period.
The global healthcare ecommerce market is expected to grow from $309.62 billion in 2022 to $366.94 billion in 2023 at a compound annual growth rate (CAGR) of 18.5%. The global healthcare e-commerce market size is expected to grow to $732.3 billion in 2027 at a CAGR of 18.9%.
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Global Healthcare Ecommerce Market Segments Include:
- By Type: Drug, Medical Devices
- By Application: Telemedicine, Caregiving Services, Medical Consultation
- By End User: Hospitals, Clinics, Other End Users
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global healthcare ecommerce market in 2021.
Major Market Players in the healthcare ecommerce market include Amazon, Exactcare Pharmacy, Flipkart Pvt. Ltd., Alibaba Group Holding Ltd., eBay Inc., Remdi SeniorCare, Lloyds Pharmacy Ltd., McCabes Pharmacy.
The launch of new healthcare applications for connecting doctors and patients directly is a leading trend driving the healthcare e-commerce market. In November 2021, SMV Healthcare, a Chennai-based pharmaceuticals company, launched MyMedicalShop.com, an online platform for purchasing medicine and healthcare products, e-consultations and diagnostic tests at home. Therefore, the launch of new healthcare applications is likely to shape the growth of the healthcare e-commerce market in the near future.
The Healthcare E Commerce Global Market Report 2023 provides a healthcare ecommerce market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The healthcare ecommerce market forecast analyzes healthcare ecommerce market size, healthcare ecommerce market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Healthcare e-commerce refers to the sales and purchase of healthcare goods and services using the internet. It enables healthcare institutions, such as 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 and discounts, a wide range of products, replacement and refund policies, reviews and feedback, and quality certifications.
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