Increasing Smartphone Users Coupled with Rising Internet Penetration to Impel the Online Pharmacy Market in the US

The US online pharmacy is estimated to exhibit a swift CAGR of 15.6% during the forecast period (2020-2026). The US in one of the largest online pharmacy markets across the globe. Structured healthcare systems, rising internet penetration and smartphone users have been the primary factors for the growth of the online pharmacy in the US. Throughout 2018, smartphone sales accounted for about 40% of all US e-commerce retail purchases, and by 2021, internet shopping will account for 54% of all US ecommerce retail transactions. In 2018, 39.65% of retail trade was the internet, and this number is projected to increase to 48% in 2022. In addition, almost half of mobile users in the US use mobile banking. Mobile banking has a broad audience among US mobile users, and in 2018 it climbed to 115.6 million, which is 49.2% of mobile users in the US. Also, due to the increasing use of smartphones and tablets worldwide, online pharmacy continues to expand to take advantage of the growing mobile population. 

Browse the full report description of "US Online Pharmacy Market Size, Share & Trends Analysis Report by Medicine Type (OTC Medicines and Prescription Medicines) Forecast Period (2020-2026)" at https://www.omrglobal.com/industry-reports/us-online-pharmacy-market

Mobile consumers in the US are more likely to make internet transactions through smartphone phones than through desktop websites. For instance, Amazon witnessed 85% of mobile traffic come from its app in March 2019. As a result, online pharmacy sites in the US make dedicated apps as they are user-friendly. Most smartphone users in the US now have first-hand experience with financial transfers, so electronic wallets may replace physical wallets in the upcoming years.

Market Coverage

• Market number available for – 2019-2026
• Base year- 2019
• Forecast period- 2020-2026
• Segment Covered- by Medicine Type 
• Competitive Landscape- Amazon.com, Inc. (PillPack), Caremark LLC (CVS Pharmacy), Express Scripts Holding Company, The Kroger Company, Walgreen Company, and Walmart, Inc.

Key questions addressed by the report

• What is the market growth rate?
• Which segment dominates the market in base year?
• Which segment will project fastest growth in the market?
• How COVID-19 impacted the market?

o Recovery Timeline

o Deviation from pre-COVID-19 forecast

o Most affected region/segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

US Online Pharmacy Market Report Segment

By Medicine Type

• OTC Medicines
• Prescription Medicines

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