Healthcare E-Commerce Global Market Report 2020-30: Covid 19 Implications and Growth
May 2020
200
About the Report
About the Report
Major players in the healthcare e-commerce market are Amazon, Exactcare Pharmacy, Flipkart Pvt. Ltd., Alibaba Group Holding Ltd., eBay Inc., Remdi SeniorCare, Lloyds Pharmacy Ltd., McCabes Pharmacy, Walgreens Boots Alliance Inc., and CVS Health.
The global healthcare e-commerce market is expected to grow from USD 181 billion in 2019 to about USD 311.3 billion in 2020. Due to Covid-19, a significant growth is seen in the demand for medical supplies including surgical masks, gloves, medicines and other products. With people avoiding visiting market places and preferring to stay indoors, the online or e-commerce market for healthcare, especially supplies and medicines, is seeing a significant growth. The market is expected to stabilize and reach USD 382.8 billion at a CAGR of 20.6% through 2023.
The healthcare e-commerce market consists of sales of healthcare products and their related services. E-commerce is also known as internet commerce or electronic commerce and refers to the sales and purchase of goods and services using the internet. It enables healthcare institutions, 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 & discounts, a wide range of products, replacement & refund policies, reviews & feedbacks, and quality certifications.
The global healthcare e-commerce market has been geographically segmented into North America, Western Europe, Asia-Pacific, Eastern Europe, South America and Middle East & Africa. North America was the largest region in the healthcare e-commerce market in 2019.
In June 2018, Amazon.com, Inc., America-based multinational technology company and PillPack announced the acquisition of PillPack for an amount of USD 753.0 Billion. This acquisition is expected to expand Amazon's business across the USA and improve the consumer experience with the online & timely delivery of medicines. PillPack Inc. was founded in 2013 and is an online pharmacy company based in Manchester, USA. PillPack Inc. delivers medications online in pre-sorted dose packaging across the USA and is committed to the timely delivery of medications.
The healthcare e-commerce market covered in this market is segmented by type into drug; medical devices. It is also segmented by application into telemedicine; caregiving services; medical consultation.
Stringent regulations and cybersecurity laws are expected to limit the growth of healthcare e-commerce market during the period. According to e-retailing laws and regulations in India published in December 2018, e-retailing companies hit hard by the policy for e-commerce in India including the healthcare e-commerce industry. Moreover, healthcare-related e-commerce platforms are mandated to make their cybersecurity infrastructure resilient and robust. The online pharmacies and telemedicine must comply with the techno legal regulations together with making their websites cyber secure. Therefore, stringent regulations imposed by various country governments are likely to restraint the growth of the healthcare e-commerce industry market over the approaching years.
The launch of new healthcare applications for connecting doctors and patients directly is a leading trend driving the healthcare e-commerce market. In December 2019, XcelTech Group, a software and mobile app development company known for delivering excellence in IoT, technology, and engaging mobile applications, announced the launch of a new healthcare platform, MyCare Softech Private Limited, a personalized healthcare assistance app. MyCare apps connect patients to doctors through a secure mobile application. Therefore, the launch of new healthcare applications is likely to shape the growth of the healthcare e-commerce market in the near future.
Increasing consumer spending on medical products coupled with rising internet penetration is to contribute higher demand for the healthcare e-commerce market in the upcoming years. Growing demand for healthcare products and high internet penetration is enabling people to switch to online products, which in turn is creating higher demand for online healthcare products. According to USA Health Affairs' article published in December 2019, healthcare spending in the USA increased at a rate of 4.6% to USD 3.6 trillion or USD 11,172 per person in 2018 up from 4.2% in 2017. Moreover, according to WeAreSocial's Stats published in January 2019, the total internet users across the globe increased by 366 million from January 2018 to 4.39 billion in 2019. This scenario is anticipated to propel the revenues for healthcare e-commerce market over the forecast period.
Products
Products
1) By Type: Drug; Medical devices; 2) By Application: Telemedicine; Caregiving Services; Medical Consultation
Companies
Amazon; Exactcare Pharmacy; Flipkart Pvt. Ltd.; Alibaba Group Holding Ltd.; eBay Inc.; Remdi SeniorCare; Lloyds Pharmacy Ltd.; McCabes Pharmacy; Walgreens Boots Alliance Inc.; CVS Health; FSA Store; Kroger Co.; Doc Morris; Netmeds; MedLife
Table of Contents
Table of Contents
1. Executive Summary
2. Healthcare E-Commerce Market Characteristics
3. Healthcare E-Commerce Market Size And Growth
3.1. Global Healthcare E-Commerce Market Historic Market, 2015-2019, USD Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Healthcare E-Commerce Market Forecast Market, 2019-2023F, 2025F, 2030F, USD Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Healthcare E-Commerce Market Segmentation
4.1. Global Healthcare E-Commerce Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Drug
Medical devices
4.2. Global Healthcare E-Commerce Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Telemedicine
Caregiving Services
Medical Consultation
5. Healthcare E-Commerce Market Regional And Country Analysis
5.1. Global Healthcare E-Commerce Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
5.2. Global Healthcare E-Commerce Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
6. Asia-Pacific Healthcare E-Commerce Market
6.1. Asia-Pacific Healthcare E-Commerce Market Overview
6.2. Asia-Pacific Healthcare E-Commerce Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
7. China Healthcare E-Commerce Market
7.1. China Healthcare E-Commerce Market Overview
7.2. China Healthcare E-Commerce Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F,USD Billion
8. India Healthcare E-Commerce Market
8.1. India Healthcare E-Commerce Market Overview
8.2. India Healthcare E-Commerce Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
9. Japan Healthcare E-Commerce Market
9.1. Japan Healthcare E-Commerce Market Overview
9.2. Japan Healthcare E-Commerce Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
10. Australia Healthcare E-Commerce Market
10.1. Australia Healthcare E-Commerce Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
11. Indonesia Healthcare E-Commerce Market
11.1. Indonesia Healthcare E-Commerce Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
12. South Korea Healthcare E-Commerce Market
12.1. South Korea Healthcare E-Commerce Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
13. Western Europe Healthcare E-Commerce Market
13.1. Western Europe Healthcare E-Commerce Market Overview
13.2. Western Europe Healthcare E-Commerce Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
14. UK Healthcare E-Commerce Market
14.1. UK Healthcare E-Commerce Market Overview
14.2. UK Healthcare E-Commerce Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
15. Germany Healthcare E-Commerce Market
15.1. Germany Healthcare E-Commerce Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
16. France Healthcare E-Commerce Market
16.3. France Healthcare E-Commerce Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
17. Eastern Europe Healthcare E-Commerce Market
17.1. Eastern Europe Healthcare E-Commerce Market Overview
17.2. Eastern Europe Healthcare E-Commerce Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
18. Russia Healthcare E-Commerce Market
18.1. Russia Healthcare E-Commerce Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
19. North America Healthcare E-Commerce Market
19.1. North America Healthcare E-Commerce Market Overview
19.2. North America Healthcare E-Commerce Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
20. USA Healthcare E-Commerce Market
20.1. USA Healthcare E-Commerce Market Overview
20.2. USA Healthcare E-Commerce Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
21. South America Healthcare E-Commerce Market
21.1. South America Healthcare E-Commerce Market Overview
21.2. South America Healthcare E-Commerce Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
22. Brazil Healthcare E-Commerce Market
22.1. Brazil Healthcare E-Commerce Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
23. Middle East Healthcare E-Commerce Market
23.1. Middle East Healthcare E-Commerce Market Overview
23.2. Middle East Healthcare E-Commerce Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
24. Africa Healthcare E-Commerce Market
24.1. Africa Healthcare E-Commerce Market Overview
24.2. Africa Healthcare E-Commerce Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
25. Healthcare E-Commerce Market Competitive Landscape And Company Profiles
25.1. Healthcare E-Commerce Market Competitive Landscape
25.2. Healthcare E-Commerce Market Company Profiles
25.2.1. Amazon
25.2.1.1. Overview
25.2.1.2. Products and Services
25.2.1.3. Strategy
25.2.1.4. Financial Performance
25.2.2. Exactcare Pharmacy
25.2.2.1. Overview
25.2.2.2. Products and Services
25.2.2.3. Strategy
25.2.2.4. Financial Performance
25.2.3. Flipkart Pvt. Ltd.
25.2.3.1. Overview
25.2.3.2. Products and Services
25.2.3.3. Strategy
25.2.3.4. Financial Performance
25.2.4. Alibaba Group Holding Ltd.
25.2.4.1. Overview
25.2.4.2. Products and Services
25.2.4.3. Strategy
25.2.4.4. Financial Performance
25.2.5. eBay Inc.
25.2.5.1. Overview
25.2.5.2. Products and Services
25.2.5.3. Strategy
25.2.5.4. Financial Performance
26. Key Mergers And Acquisitions In The Healthcare E-Commerce Market
27. Healthcare E-Commerce Market Trends And Strategies
28. Healthcare E-Commerce Market Future Outlook and Potential Analysis
29. Appendix
29.1. Abbreviations
29.2. Currencies
29.3. Research Inquiries
29.4. The Business Research Company
29.5. Copyright And Disclaimer
List of Figure
Figure 1: Global Historic Market Growth, 2015-2019, USD Billion
Figure 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 3: Global Healthcare E-Commerce Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 4: Global Healthcare E-Commerce Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 5: Global Healthcare E-Commerce Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 6: Global Healthcare E-Commerce Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 7: Asia-Pacific, Healthcare E-Commerce Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 8: China, Healthcare E-Commerce Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 9: India, Healthcare E-Commerce Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 10: Japan, Healthcare E-Commerce Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 11: Australia, Healthcare E-Commerce Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 12: Indonesia, Healthcare E-Commerce Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 13: South Korea, Healthcare E-Commerce Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 14: Western Europe, Healthcare E-Commerce Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 15: UK, Healthcare E-Commerce Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 16: Germany, Healthcare E-Commerce Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 17: France, Healthcare E-Commerce Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 18: Eastern Europe, Healthcare E-Commerce Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 19: Russia, Healthcare E-Commerce Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 20: North America, Healthcare E-Commerce Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 21: USA, Healthcare E-Commerce Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 22: South America, Healthcare E-Commerce Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 23: Brazil, Healthcare E-Commerce Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 24: Middle East, Healthcare E-Commerce Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 25: Africa, Healthcare E-Commerce Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 26: Amazon Financial Performance
Figure 27: Exactcare Pharmacy Financial Performance
Figure 28: Flipkart Pvt. Ltd. Financial Performance
Figure 29: Alibaba Group Holding Ltd. Financial Performance
Figure 30: eBay Inc. Financial Performance
List of Table
Table 1: Global Historic Market Growth, 2015-2019, USD Billion
Table 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 3: Global Healthcare E-Commerce Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 4: Global Healthcare E-Commerce Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 5: Global Healthcare E-Commerce Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 6: Global Healthcare E-Commerce Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 7: Asia-Pacific, Healthcare E-Commerce Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 8: China, Healthcare E-Commerce Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 9: India, Healthcare E-Commerce Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 10: Japan, Healthcare E-Commerce Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 11: Australia, Healthcare E-Commerce Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 12: Indonesia, Healthcare E-Commerce Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 13: South Korea, Healthcare E-Commerce Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 14: Western Europe, Healthcare E-Commerce Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 15: UK, Healthcare E-Commerce Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 16: Germany, Healthcare E-Commerce Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 17: France, Healthcare E-Commerce Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 18: Eastern Europe, Healthcare E-Commerce Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 19: Russia, Healthcare E-Commerce Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 20: North America, Healthcare E-Commerce Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 21: USA, Healthcare E-Commerce Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 22: South America, Healthcare E-Commerce Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 23: Brazil, Healthcare E-Commerce Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 24: Middle East, Healthcare E-Commerce Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 25: Africa, Healthcare E-Commerce Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 26: Amazon Financial Performance
Table 27: Exactcare Pharmacy Financial Performance
Table 28: Flipkart Pvt. Ltd. Financial Performance
Table 29: Alibaba Group Holding Ltd. Financial Performance
Table 30: eBay Inc. Financial Performance
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