Online Pharmacy - United States

United States

Highlights

In 2024, the projected revenue in the Online Pharmacy market in the United States is expected to reach a staggering US$24.18bn.
This significant figure indicates the immense potential and growth of this market.
Looking ahead, the revenue is projected to exhibit a robust annual growth rate (CAGR 2024-2029) of 8.90%.
By 2029, this growth trajectory is expected to propel the market volume to a remarkable US$37.02bn.
When considering user penetration, it is anticipated to be at 20.00% in 2024.
However, this figure is projected to increase to 22.44% by 2029.
This upward trend indicates the growing popularity and adoption of Online Pharmacy market services among the population United States.
Examining the average revenue per user (ARPU), it is expected to reach US$353.60.
This indicates the average amount of revenue generated per user in the Online Pharmacy market.
In a global context, it is noteworthy that United States is poised to generate the highest revenue in the Online Pharmacy market, amounting to US$24.18bn in 2024.
This underscores the country's dominance and significance in this market.
The United States is witnessing a surge in the popularity of online pharmacies, providing convenient access to medication and healthcare products.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Online Pharmacy market in United States has been experiencing significant growth and development in recent years.

Customer preferences: Customers in the United States are increasingly turning to online pharmacies for the convenience and accessibility they offer. With busy lifestyles and the rise of digital technology, more people are opting to order their medications online rather than visiting traditional brick-and-mortar pharmacies. Additionally, the availability of medication checker apps provides an added layer of safety and assurance for customers, allowing them to verify the authenticity and information of their prescribed medications.

Trends in the market: One of the key trends in the Online Pharmacy market in the United States is the increasing demand for contraception and fertility apps. These apps provide a discreet and convenient way for individuals to access information and resources related to family planning and reproductive health. With growing awareness and acceptance of digital health solutions, the popularity of these apps is on the rise, contributing to the overall growth of the online pharmacy market.

Local special circumstances: The United States has a unique healthcare system characterized by a mix of public and private providers, as well as a complex network of insurance coverage. This environment has created opportunities for online pharmacies to fill gaps in the market and provide alternative options for consumers. The presence of major players in the e-commerce and tech industries in the U. S. has also fueled innovation and competition in the online pharmacy sector, leading to a diverse range of products and services for customers.

Underlying macroeconomic factors: The Online Pharmacy market in the United States is influenced by various macroeconomic factors, including the increasing healthcare costs and the aging population. As healthcare expenses continue to rise, consumers are looking for ways to save money on medications, making online pharmacies an attractive option. The aging population also drives the demand for medications and healthcare services, further boosting the growth of the online pharmacy market. Additionally, regulatory changes and advancements in telemedicine are shaping the landscape of the healthcare industry in the U. S. , creating new opportunities for online pharmacies to expand their reach and offerings.

Data coverage:

The data encompasses B2C enterprises. Figures are based on revenues and user data of relevant mobile applications and consumer electronics companies.

Modeling approach / Market size:

Market sizes are determined through a combined top-down and bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of key players, industry reports, third-party reports, and survey results from primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, population, internet penetration, smartphone penetration, consumer spending, and healthcare spending. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.