GCC e-Pharmacies Markets Report, 2016-2020 & 2021-2026 - ResearchAndMarkets.com

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DUBLIN, October 19, 2021--(BUSINESS WIRE)--The "GCC E-pharmacies Market Research Report: Forecast (2021-2026)" report has been added to ResearchAndMarkets.com's offering.

GCC E-Pharmacies Market is likely to grow at a CAGR of around 9% during 2021-2026 due to the increasing number of internet users, burgeoning preference of consumers toward online pharmacies, and rising cases of chronic disease.

Besides, the surging purchase of OTC drugs, the launch of online pharmacies, and escalating people suffering from vitamin deficiency are factors likely to fuel the market growth in the forecast period.

Impact of COVID-19

The COVID-19 pandemic has adversely affected the global economy. However, it has positively impacted the e-pharmacy market. The lockdown imposition and moving restrictions and the fear of getting infected have aided the dependency on online platforms for purchasing medicines. Given the spread of coronavirus, the trend of contactless delivery has further surged the demand for e-pharmacy. Moreover, the rising adoption of teleconsultation has presented a lucrative opportunity for the e-pharmacy market growth.

Market Segmentation

Marketplace Model Accounted for the Largest Market Share

Based on the delivery model, the market classifies into the Direct, Pharmacy, and Marketplace segments. The Marketplace model held the largest share in the GCC E-Pharmacies Market in the previous year. In the marketplace model, the company signs a contract with third-party stores to provide products to the consumers.

It provides a platform that connects the buyer and the seller. The segment growth attributes to the rising number of customers buying medicines online, lucrative offers, discounts, and home delivery services. It plays an essential role in expanding the reach of e-pharmacies in large areas, thereby aiding the growth of the e-pharmacy market, reveals the author in their research report, GCC E-Pharmacies Market Analysis, 2021.

Over-the-Counter (OTC) Segment Dominated the Market

Based on the drug type, the market bifurcates into over-the-counter drugs and prescription-based drugs. In the previous few years, the over-the-counter (OTC) segment dominated the GCC E-Pharmacies Market due to the rising preference for self-medication and inclusion of various medicines within the OTC segment.

Additionally, inexpensive costs, easy availability, and lack of prescription have further fueled the demand for over-the-counter (OTC) based drugs.

Regional Landscape

UAE Grabbed the Highest Market Share

Among all the GCC nations, UAE has acquired the largest share in the GCC E-Pharmacies Market in the previous year due to the rising aging population that is more susceptible to develop several types of acute & chronic diseases. The people aged 65 and above are unable to visit the pharmacy at faraway locations. Hence, snowballing geriatric population and unavailability of nearby offline pharmacies further encourage the inclination of customers toward online pharmacies in the UAE.

Market Driver

High Dependency on E-Commerce Has Boosted the E-Pharmacy Industry

Rapid internet penetration has aided the usage of e-commerce platforms because they offer extensive features, including better discount rates, home deliveries, and the availability of a wide variety of options. The burgeoning reach of e-commerce has supported the e-pharmacy industry to capture an extensive customer base. Further, the growing technological advancements have enabled businesses to provide better service to increase consumer satisfaction, thereby proliferating the market growth.

Competitive Landscape

The major leading players in the GCC E-Pharmacies market are

  • Care n Cure Pharmacy

  • Wellcare Pharmacy

  • BinSina

  • Aster Pharmacy (Aster Online)

  • Four Seasons Pharmacy LLC

  • MediSouq

  • Kulud Pharmacy

  • Nahdi Pharmacy (Nahdi Medical Company)

  • Al-Dawaa Pharmacies (DMSCO)

  • Nasser Pharmacy W.L.L.

  • Al Mutawa Pharmacies

Key Topics Covered:

1. Introduction

1.1. Product Definition

1.2. Research Process

1.3. Market Segmentation

1.4. Assumptions

2. Preface

3. Executive Summary

4. Impact of COVID-19 on GCC E-Pharmacies Market

5. GCC E-Pharmacies Market Outlook, 2016-2026F

5.1. Market Size & Analysis

5.2. Market Share & Analysis

6. UAE E-Pharmacies Market Outlook, 2016-2026F

6.1. Market Size & Analysis

6.2. Market Share & Analysis

7. Saudi Arabia E-Pharmacies Market Outlook, 2016-2026F

7.1. Market Size & Analysis

7.2. Market Share & Analysis

8. Bahrain E-Pharmacies Market Outlook, 2016-2026F

8.1. Market Size & Analysis

8.2. Market Share & Analysis

9. Oman E-Pharmacies Market Outlook, 2016-2026F

9.1. Market Size & Analysis

9.2. Market Share & Analysis

10. Qatar E-Pharmacies Market Outlook, 2016-2026F

10.1. Market Size & Analysis

10.2. Market Share & Analysis

11. Kuwait E-Pharmacies Market Outlook, 2016-2026F

11.1. Market Size & Analysis

11.2. Market Share & Analysis

12. GCC E-Pharmacies Market Dynamics

12.1. Growth Drivers

12.2. Challenges

12.3. Impact Analysis

13. GCC E-Pharmacies Market Policies, Regulations, Product Standards

14. GCC E-Pharmacies Market Trends & Insights

15. GCC E-Pharmacies Market Hotspot & Opportunities

16. GCC E-Pharmacies Market Key Strategic Imperatives for Success & Growth

17. Competition Outlook

17.1. Competition Matrix

17.2. Company Profiles of Top Companies

For more information about this report visit https://www.researchandmarkets.com/r/fm60yh

View source version on businesswire.com: https://www.businesswire.com/news/home/20211019005875/en/


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