The online pharmacy market in the Asia-Pacific region is expected to grow at an enormous CAGR of 18.5% during the forecast period. The market in China is estimated to have the highest value in the Asia-Pacific region and will continue to be the largest during the forecast period as well. The Chinese Government is becoming more involved in regulating this market as Chinese sellers are responsible for the security and protection of products that they distribute to customers to conform with the protocols for shipping and processing products. Online outlets are expected to indicate whether they are licensed product manufacturers, wholesalers, or chain retailers.

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The online pharmacy market in India is at a very nascent stage as compared to the other developed economies and the major developing economies. Moreover, these online pharmacies are slowly gaining attention in the e-commerce industry space, both by the government and consumers, with its impressively growing market penetration rate. In recent years around 250 online pharmacies have sprung up in the country. In addition, online pharmacy presently accounts for around 1.5-2% of the total pharma sale, and further, by looking at the rapid growth that the industry is witnessing today, the level can even go to over 10% by 2025.

The Asia-Pacific online pharmacy market is segmented based on medicine type. Based on medicine type, the online pharmacy market is segmented into OTC medicines and prescription medicines. OTC medicine does not require prescriptions and is sold directly to consumers by pharmacy stores. They are used to prevent and treat relatively mild ailments. The market is highly competitive and consists of several major players such as 111, Inc.; Amazon.com, Inc. (PillPack); Japan Health Center; PharmEasy; 1 MG; and Walmart, Inc. 

Research Methodology

The market study of the Asia-Pacific online pharmacy market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Asia-Pacific Online Pharmacy Market Research and Analysis by Medicine Type

The Report Covers

• Comprehensive research methodology of the Asia-Pacific online pharmacy market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Asia-Pacific online pharmacy market.
• Insights about market determinants which are stimulating the Asia-Pacific online pharmacy market.
• Detailed and extensive market segments with the regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.