Saudi Arabia e-pharmacy market is
projected to show a robust growth with an impressive CAGR in the forecast
years, 2023-2027. The market growth attributes to the growing demand of
emergency pharmaceuticals and drugs for the various diseases. Moreover, rapidly
increasing online shopping sections further aid the growth of the Saudi Arabia
e-pharmacy market in the next five years. Also, the recent pandemic situation
became a major reason behind consumer inclination toward e-pharmacy.
The
rapidly increasing cases of the coronavirus infection due to COVID-19 turned
the consumers to buy their medicines and monitoring devices from the online
platforms and getting it delivered at home. Efficient and smooth delivery
services, along with the convenience of online payment mode, aided the market's
growth and is expected to further substantiate the Saudi Arabia e-pharmacy
market growth in the consecutive five years in the future. Furthermore, the
rapidly increasing number of smartphone users and increased penetration of internet
services also supports the growth of the Saudi Arabia e-pharmacy market in the
upcoming five years.
The Saudi Arabia e-pharmacy market is
segmented by product type, therapy area, operating platform, regional
distribution, and competitional landscape. Based on product type, the market is
further bifurcated into prescription or over-the-counter medicines. Over the
counter medicine is anticipated to hold the larger share of the market revenue
and assert its dominance over the segment on the feasibility of buying the
drugs through online portals. Prescription drugs are more difficult to buy
online. The consumers have to provide legitimate prescription from a registered
practitioners and only then the required medicines are delivered once the
online bill payment is conducted. Thus, the mentioned factors are expected to
aid the growth of the Saudi Arabia e-pharmacy market in the next five years.
A partial list of market player in the
Saudi Arabia e-pharmacy market includes Saydl, Al-Dawaa Medical Services Co.,
Nahdi Medical Company, Care Pharmacy, Vezeeta ePharmacy, among others. These
market players hold larger shares of the market than the new market players.
With the evolving technology, it is appropriate to say that the effective
research and development of the technologically advanced services would support
the market growth and benefit the market players as well as the consumers. New
market players may focus on the research and development to provide services
that satisfies the consumer demand as well as benefits the market players in
building their brand value. Other competitive strategies include mergers &
acquisitions and new product developments.
Objective
of the Study:
- To
analyze the historical growth of the
market size of Saudi Arabia e-pharmacy market from 2017 to 2020.
- To
estimate and forecast the market size of Saudi Arabia e-pharmacy market
from 2021 to 2027 and growth rate until 2027.
- To classify and
forecast Saudi Arabia e-pharmacy market based on product type, therapy
area, operating platform, competitional landscape, and regional
distribution.
- To identify dominant region or segment in the Saudi Arabia e-pharmacy
market.
- To
identify drivers and challenges for Saudi Arabia e-pharmacy market.
- To
examine competitive developments such as expansions, new product launches,
mergers & acquisitions, etc., in Saudi Arabia e-pharmacy market.
- To identify and analyze the profile
of leading players operating in Saudi Arabia e-pharmacy market.
- To identify key sustainable strategies adopted by market players in
Saudi Arabia e-pharmacy market.
Click here to download the sample
TechSci Research performed both primary as well as exhaustive
secondary research for this study. Initially, TechSci Research sourced a list
of suppliers, and service providers across the country. Subsequently, TechSci
Research conducted primary research surveys with the identified companies.
While interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research could include the manufactures which
could not be identified due to the limitations of secondary research. TechSci
Research analyzed the suppliers, distribution channels and presence of all
major players across the country.
TechSci Research calculated the market size of Saudi Arabia e-pharmacy market using a bottom-up approach,
wherein data for various end-user segments was recorded and forecast for the
future years. TechSci Research sourced these values from the industry experts
and company representatives and externally validated through analyzing historical
data of these product types and applications for getting an appropriate,
overall market size. Various secondary sources such as company websites, news
articles, press releases, company annual reports, investor presentations and
financial reports were also studied by TechSci Research.
Key
Target Audience:
- E-pharmacy suppliers, end users, and other stakeholders
- Distributers and suppliers of the products and other stakeholders
- Organizations, forums, and alliances related to e-pharmacy
- Market research and consulting firms
The study is useful in providing answers to several critical
questions that are important for the industry stakeholders such as service
providers, suppliers, end users, etc., besides allowing them in strategizing
investments and capitalizing on market opportunities.
|
Attribute
|
Details
|
|
Base Year
|
2021
|
|
Historical Data
|
2017 –
2020
|
|
Estimated Year
|
2022
|
|
Forecast Period
|
2023
– 2027
|
|
Quantitative Units
|
Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027
|
|
Report coverage
|
Revenue
forecast, volume forecast, company share, competitive landscape, growth
factors, and trends
|
|
Segments covered
|
- Product Type
- Therapy Area
- Operating Platform
|
|
Regional scope
|
Western
Region, Northern And Central Region, Eastern Region, Southern Region
|
|
Key companies profiled
|
Saydl, Al-Dawaa Medical Services Co., Nahdi Medical Company,
Care Pharmacy, Vezeeta ePharmacy.
|
|
Customization scope
|
10%
free report customization with purchase. Addition or alteration to country,
regional & segment scope.
|
|
Pricing and purchase options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase options
|
|
Delivery Format
|
PDF and Excel through Email (We can also
provide the editable version of the report in PPT/Word format on special
request)
|
Report Scope:
In this report, Saudi Arabia e-pharmacy market has been segmented into following
categories, in addition to the industry trends which have also been detailed
below:
- Saudi Arabia E-Pharmacy Market, By Product
Type:
o Prescription Medicines
o Over-The-Counter Medicines
- Saudi Arabia E-Pharmacy Market, By Therapy
Area:
- Vitamins
- Cold & Flu
- Dermatology
- Weight Loss
- Others
- Saudi Arabia E-Pharmacy Market, By Operating
Platform:
- Saudi Arabia E-Pharmacy Market, By
Region:
- Western
- Eastern
- Northern & Central
- Southern
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in Saudi Arabia e-pharmacy market.
Available Customizations:
With the given market data, TechSci Research offers
customizations according to a company’s specific needs. The following customization
options are available for the report:
Company
Information
- Detailed analysis and profiling of
additional market players (up to five).
Saudi Arabia E-Pharmacy
Market is an upcoming report to be released soon. If you wish an early delivery
of this report or want to confirm the date of release, please contact us at [email protected]