India Online Healthcare Products Market Outlook to 2020 - Infusion of Online Marketplaces and Healthcare Awareness to Shape Future Growth
June 2015
121
About the Report
About the Report
The Report Titled “India Online Healthcare Products Market Outlook to 2020- Infusion of Online Marketplaces and Healthcare Awareness to Shape Future Growth” provides a comprehensive analysis of the healthcare products market through online means. The report covers various aspects such as market size of online healthcare products, segmentation on the basis of product types as well as by demand from major cities. The report also provides overview upon the consumer profiles, on the basis of gender, age split, mode of payment and mode of source used. In addition, the information also provides overview on major companies with their comprehensive company profiles, market share as well as business models prevalent in this market. The future for this industry has also been presented with analyst recommendations as well as the Macro factors which have a correlation with the Industry. The report also shed light and provides a detailed snapshot on India online pharmacy market.
There are certain trends in the industry which has led to the emergence of Online Healthcare Products Market in India. For years, the local pharmacies and nearby healthcare product shops have been supplying the products to the local customers, and have attained higher degree of trust and bond with them. The customers treat these shops as their family pharmacies, and sought to pay whatever price is asked. This trend was initially changed among the customers with the emergence of pharmacy retail chains like MedPlus, Apollo Pharmacies and Global Healthline, where customers can find wide range of products under a single roof with a less price range and high discounts.
The total revenue generated by the online sales of Healthcare products in India was INR 5,075.9 million in FY’2015 which has increased from INR 771.0 million in FY’2012 at a CAGR of 87.4 during the period FY’2012-FY’2015. The Online healthcare products market has showcased a remarkable growth during the span of last five years on the grounds of expansion in product range as well as surge in online market places. In line with the Industry revenues, the average order size has also widely enhanced which has been registered at INR 1,762.0 during FY’2015.
India’s online healthcare products market is at a very nascent stage and is growing year on year as people have switched their preferences towards shopping online. The major players are in a race to increase their share in the industry by implementing various marketing initiatives, technology advancements, switching to different business models and others. Healthkart is the leading player in the industry which has commanded a promising market share of worth ~% during FY’2015 in terms of GMV.
The industry is likely to be driven by surge in internet penetration, rising personal disposable income, lower prices relative to brick and mortar stores, stupendous growth of Indian online retail market and a large number of online players entering the online healthcare product segment. The Indian Online Healthcare Product Industry is projected to grow rapidly in the future and form a major part of the Indian E-commerce industry by FY’2020. With new companies coming up in the segment, the product range offered by the companies will going to increase customers will have different product options.
Key Topics Covered in the Report:
- The market size of Indian Online Healthcare Products Market in terms of GMV
- The market size of Indian Online Healthcare Products Market in terms of Average Order Size
- The market size of Indian Online Healthcare Products Market in terms of Number of Daily Orders
- Market segmentation of India’s Online Healthcare Products Market on the basis of Product Category and Major Cities
- Consumer Profiles of India Online Healthcare Market Players
- Business Models Prevalent in the Industry
- Trends and Developments in India’s Online Healthcare Products Market
- SWOT analysis of India’s Online Healthcare Products Industry
- Porter’s 5 Force Analysis of India’s Online Healthcare Products Industry.
- Company profiles for Major Players in India’s Online Healthcare Products Market.
- Competitive Landscape of India’s Healthcare Products Market
- India’s Healthcare Products Market Future Outlook and Projections
- Snapshot for India Online Pharmacy Market
Products
Products
Protein Supplements and Vitamins, Health Devices, Beauty and Personal Care, Health Food and Drinks, Fitness and Wellness, Ayurveda and Herbs, Prescrib
Companies
Healthkart, Healthgenie, Healthvala, Healthadda, Snapdeal, Amazon, Medidart, OneRx.in, Buydrug.in, Medplus
Table of Contents
Table of Contents
1.India Online Healthcare Products Market Introduction
1.1.India Online Healthcare Product Market Size, FY’2012-FY’2015
1.1.1.By Gross Merchandise Value, FY’2012-FY’2015
1.1.2.By Average Order Size, FY’2012-FY’2015
1.1.3.By Number of Orders, FY’2012-FY’2015
2.India Online Healthcare Product Market Segmentation
2.1.By Product Types, FY’2012- FY’2015
2.2.By Major Cities, FY’2015
3.Government Regulations
3.1.Cyber Laws in India E-Commerce Industry
3.2.E-Health Laws and Regulations
3.3.Tax Situation in the Sector
3.4.Pre-Requisites to Setup an E-Commerce Company
4.Customer Profiles in India Online Healthcare Product Market
Gender Wise Split of Online Healthcare Product Shoppers
Age Wise Split of Online Healthcare Product Shoppers
Mode of Payment Preferred
Mode of Order (PC/Mobile) Used, FY’2015
5.Business Models Prevalent In Online Healthcare Product Market
5.1.Inventory Led Model
5.2.Hub and Spoke Model
5.3.Hybrid Model
5.4.Local-Channel Model
6.Trends and Developments in India Online Healthcare Products Market
Lucrative Market for Investors
Increasing Rivalry and Emergence of New Players
Rivalry with Local Vendors
Major Offline Players Entering the Market
Following the Hybrid Model
Buoyancy in After Sales Service
Growth in logistics expertise - 3rd party logistics
7.Entry Barriers for New Entrants in India Online Healthcare Products Market
Less Support from E-Payment Platforms
Antiquated Laws
Severe Competition from Local Stores
Lack of Trust in Online Mode of Shopping
Glitches in Logistics
Health kart being the Market Leader
8.Challenges for Existing Players in India Online Healthcare Products Market
Difficult To Expand Operation to New Areas
Customers Prefer the Traditional Mode
Complaints Faced By Online Players
Quality Assurance
High Logistics Cost
9.Growth Drivers for India Online Healthcare Product Market
Rising Internet Penetration
Increasing Healthcare Awareness
Online Market Place with Wide Range Of Products
Convenience for the Customers
Widespread Coverage
Growing Economy and Healthcare Expenditure
10.SWOT Analysis of the Industry
10.1.Strengths
Convenience for the Customers
Wide Range of Products
Awareness for the Customers
Cash On Delivery as an Attractive Payment Mechanism
Lower operational costs
10.2.Weaknesses
High Logistics Cost
Lack of Trust
Difficult To Expand
Payment Gateways Not Supportive
Investors Are Cautious To Invest In the Market
10.3.Opportunities
Surge in Internet Penetration
Rising Disposable Income
Growing Base of Replicated Customers
Depleting Environment Conditions
Nascent Stage of Online Healthcare Market
10.4.Threats
Persistence of Offline Retailers
11.Porter’s Five Forces Analysis of India Online Healthcare Product Market
Competitive Rivalry within the Industry
Threat of New Entrants
Threat of Substitutes
Bargaining Power of the Customers
Bargaining Power of Suppliers
12.Major Players in India Online Healthcare Product Industry
12.1.Healthkart
12.1.1.Company Overview And Key Performance Indicators
12.1.2.Business Model
12.1.3.Current Funding
12.1.4.Financial Indicators
Healthkart Revenues, FY’2012-FY’2015
Expansion Plans
Referral Marketing
12.2.Snapdeal
12.2.1.Company Overview and KPI
12.2.2.Business Model
12.2.3.Current Funding
12.3.Healthgenie
12.3.1.Company Overview and KPI
12.3.2.Product Overview
12.3.3.Business Strategies
12.3.4.Financial Indicators
Healthgenie Revenues, FY’2012-FY’2015
12.4.Competitive Landscape in India’s Online Healthcare Product Market
13.Market Share of Major Players in Online Healthcare Products Market
13.1.By Gross Merchandise Value, FY’2015
13.2.By Number of Orders, FY’2015
14.India Online Healthcare Products Market Future Outlook and Projections, FY’2016-FY’2020
14.1.By Products, FY’2020
14.2.By Cities, FY’2016-FY’2020
14.3.Cause and Effect Relationship between Macro Economics and Industry Factors and Online Healthcare Products Market Prospects
14.4.Analyst Recommendations
14.4.1.Recommendations for the Future
Government Role in India Online Healthcare Products Market
Competitive Landscape
Changes in Consumer Preferences
Efficiency in Delivery Mechanisms
Sound Business Models
15.Snapshot on India Online Pharmacy Market
15.1.India Online Pharmacy Market Introduction and Size by Revenues, FY’2015
15.2.India Online Pharmacy Market Segmentation by Demand from Cities, FY’2015
15.3.Consumer Profiles for India Online Pharmacies Market
Classification by Gender, FY’2015
Mode of Payment Preferred
Government Regulation in Online Pharmacies of India
15.4.Market Share of Major Players in India Online Pharmacy Market, FY’2015
15.5.Competitive Landscape of Major Players in India Online Pharmacy Market
15.6.India Online Pharmacy Market Future Outlook and Projections, FY’2016-FY’2020
16.Macroeconomic Indicators Affecting the India Online Healthcare Product Market
16.1.Internet Users in India, 2009 - 2019
16.2.Smartphone Users in India, 2009-2019
16.3.India Retail E-Commerce Sales, 2009-2019
16.4.Out of Pocket Healthcare Expenditure-India, 2009-2019
16.5.Personal Disposable Income of India, FY ’2009-FY’2019
16.6.Number of Pharmacies In India, FY’2010-FY’2020
17.Appendix
17.1.Market Definitions
17.2.Abbreviations
17.3.Research Methodology
Data Collection Methods
Approach
Variables (Dependent and Independent)
Multi Factor Based Sensitivity Model
Final Conclusion
17.4.Disclaimer
List of Figure
Figure 1: India Online Healthcare Product Market Size on the Basis of Gross Merchandise Value in INR Million, FY’2012-FY’2014
Figure 2: India Online Healthcare Product Market on the Basis of Average Order Size By Value in INR, FY’2012-FY’2015
Figure 3: India Online Healthcare Product Market by Average Number of Orders Placed on a Daily Basis, FY’2012-FY’2015
Figure 4: India Online Healthcare Product Market Segmentation by Protein Supplements and Vitamins, Health Devices, Health Food and Drinks, Ayurveda and Herbs, Fitness and Wellness and Beauty and Personal Care on the basis of GMV in Percentage, FY’2012 – FY’2015
Figure 5: India Online Healthcare Product Market Segmentation by Tier 1, Tier 2 and Tier 3 Cities on the basis of GMV in Percentage, FY’2015
Figure 6: India Online Healthcare Products Market Segmentation on the Basis of Major regions by Revenues in INR Million, FY’2015
Figure 7: India Online Healthcare Product Market Segmentation by Number of Orders Placed in Different Cities per Day, FY’2014
Figure 8: Gender-wise Split of Online Shoppers for Cosmetics, Personal care and Skin Care Products, on the basis of orders placed, FY’2015
Figure 9; Gender-wise Split of Online Shoppers for health, fitness, wellness and supplement products, on the basis of orders placed, FY’2015
Figure 10: Age-wise Split of Online Healthcare Product Shoppers, on the basis of orders placed, FY’2015
Figure 11: Preferred Mode of Payment for Online Healthcare Product Shopping, FY’2015
Figure 12: Preferred Mode of Order for Online Healthcare Shopping in India, FY’2015
Figure 13: Inventory Led Model for Online Healthcare Product Shopping
Figure 14: Hub and Spoke Model for Online Healthcare Product Shopping
Figure 15: Hybrid Model for Online Healthcare Product Shopping
Figure 16: Local Channel Model for Online Healthcare Products Shopping
Figure 17: Number of Offline Pharmacy Retail Stores in India, FY’2010-FY’2015
Figure 18: Number of Organized Pharmacy Retail Stores in India, FY’2010-FY’2015
Figure 19: SWOT Analysis for India Online Healthcare Product Industry
Figure 20: Healthkart Inventory-Led Business Model
Figure 21: Healthkart Revenue on the Basis of Gross Merchandise Value (GMV) in INR Million, FY’2012-FY’2015
Figure 22: Healthkart Financial Performance by Number of Orders Placed on a Daily Basis, FY’2012-FY’2015
Figure 23: Healthkart Financial Performance on the Basis of Average Order Size in INR, FY’2012-FY’2015
Figure 24: Healthgenie Financial Performance on the Basis of Company’s Revenues in INR Million, FY’2012-FY’2015
Figure 25: Market Share of Major Players in India's Online Healthcare Product Market on the Basis of GMV in Percentage, FY’2015
Figure 26: Market Share of Major Players in India's Online Healthcare Products Market on the Basis of Number of Orders in Percentage, FY’2015
Figure 27: India Online Healthcare Product Market Future Outlook and Projections on the Basis of Gross Merchandise Value in USD Million, FY’2016-FY’2020
Figure 28: India Online Healthcare Product Market Future Projections on the Basis of Market Segmentation by Major Product Categories, FY’2020
Figure 29: India Online Healthcare Product Market Future Outlook and Projections on the Basis of Market Segmentation by Cities, FY’2016-FY’2020
Figure 30: India Online Pharmacy Market Segmentation by Tier 1, Tier 2 and Tier 3 Cities on the basis of GMV in Percentage, FY’2015
Figure 31: Gender-wise Split of Online Shoppers for Pharmaceutical Drugs on the Basis of Orders Placed, FY’2015
Figure 32: Preferred Mode of Payment for Online Pharmaceutical Products Shopping, FY’2015
Figure 33: Market Share of Major Players in India Online Pharmacy Market on the Basis of Sales Revenues in Percentage, FY’2015
Figure 34: India Online Pharmacy Market Future Projections on the Basis of Revenues in INR Million, FY’2016-FY’2020
Figure 35: Number of Internet Users of India in Million, 2009-2019
Figure 36: Number of Smart Phone Users of India in Million, 2009-2019
Figure 37: India Retail E-commerce Sales in USD billion, 2009-2019
Figure 38: Out of Pocket Expenditure in India on the Basis of Overall Percentage of Total Healthcare Expenditure, 2009-2019
Figure 39: India Personal Disposable Income in USD Billion, FY’2009-FY’2019
Figure 40: Number of Pharmacies in India, FY’2010-FY’2020
List of Table
Table 1: India Online Healthcare Product Market Segmentation by Protein Supplements and Vitamins, Health Devices, Health Food and Drinks, Ayurveda and Herbs, Fitness and Wellness and Beauty and Personal Care on the basis of GMV in Percentage, FY’2012 – FY’2015
Table 2: Recent Investments in Indian Online Healthcare Product Companies
Table 3: Porter’s Five Forces Analysis for the Online Healthcare Products Market in India
Table 4: Healthkart Series Funding
Table 5: Series Funding of Snapdeal in USD Million
Table 6: Product Overview of Healthgenie
Table 7: Competitive Landscape of Major Players in India Online Healthcare Product Market
Table 8: Market Share of Major Players in India Online Healthcare Products Market on the Basis of GMV in INR Million, FY’2015
Table 9: Market Share of Major Players in India Online Healthcare Products Market on the Basis of Number of Daily Orders Placed, FY’2015
Table 10: Cause and Effect Relationship between Dependent and Independent Factors Prevailing in Online Healthcare Product Industry in India
Table 11: India Online Pharmacies Market Size on the Basis of Revenues in INR Million, FY’2015
Table 12: Market Share of Major Players in India Online Pharmacy Market on the Basis of Sales Revenues in INR Million, FY’2015
Table 13: Competitive Landscape of Major Players (Medidart, Medplus, Buydrug.in, Onerx.in) in India Online Pharmacy Market
Table 14: Number of Pharmacies in India by Unorganized and Organized Channels, FY’2010-FY’2014
Table 15: Correlation Matrix for India Online Healthcare Product Market
Table 16: Regression Coefficients Output for India Online Healthcare Products Market
Why Buy From US?
What makes us stand out is that our consultants follows Robust, Refine and Result (RRR) methodology. i.e. Robust for clear definitions, approaches and sanity checking, Refine for differentiating respondents facts and opinions and Result for presenting data with story
We have set a benchmark in the industry by offering our clients with syndicated and customized market research reports featuring coverage of entire market as well as meticulous research and analyst insights.
While we don't replace traditional research, we flip the method upside down. Our dual approach of Top Bottom & Bottom Top ensures quality deliverable by not just verifying company fundamentals but also looking at the sector and macroeconomic factors.
With one step in the future, our research team constantly tries to show you the bigger picture. We help with some of the tough questions you may encounter along the way: How is the industry positioned? Best marketing channel? KPI's of competitors? By aligning every element, we help maximize success.
Our report gives you instant access to the answers and sources that other companies might choose to hide. We elaborate each steps of research methodology we have used and showcase you the sample size to earn your trust.
If you need any support, we are here! We pride ourselves on universe strength, data quality, and quick, friendly, and professional service.