Mail Order Pharmacy Market Size and Growth 2031

Mail Order Pharmacy Market Size and Forecast (2021–2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Drug Type (Prescription Drugs and Nonprescription Drugs); Product (Diabetic Medicines, Asthma Medicines, Blood Pressure Medicines, Cardiovascular Medicines, Cold and Flu Medicines, Antacids, Painkillers, Dermal Care Medicines, and Others); Mode of Order (Online Store and Pharmacy Apps), and Geography

  • Report Code : TIPRE00008558
  • Category : Pharmaceuticals
  • Status : Data Released
  • No. of Pages : 150
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The Mail Order Pharmacy Market size was estimated to be US$ 89.90 billion in 2023 and is expected to reach US$ 316.57 billion by 2031; it is estimated to record a CAGR of 17.0% till 2031. Adoption of software technologies for data integration is likely to remain key Mail Order Pharmacy Market trends.

Mail Order Pharmacy Market Analysis

The growing emphasis on patient-centric care, advancement in healthcare technology, cost-effective solutions, and the need for convenient healthcare services is mainly fueling the growth of the mail order pharmacy market. In addition, increasing geriatric population, increasing awareness about home healthcare, increasing prevalence of chronic and infectious diseases, and awareness about benefits of mail order pharmacy in developing countries are driving the growth of the market.

Mail Order Pharmacy Market Overview

Mail-order pharmacy operates over the Internet and sends orders through mail, shipping companies, or online pharmacy web portal and then delivers the required medication at doorstep. Mail order pharmacy is a cheaper and more convenient than a local pharmacy. The adoption of mail order pharmacy services has grown at unprecedented rate in last few years owing to increasing adoption of online services in healthcare sector. In addition, aging population, increasing prevalence of chronic diseases, and non-adherence to prescribed medications are further emphasizing on the adoption of mail order pharmacy worldwide.

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Mail Order Pharmacy Market: Strategic Insights

Mail Order Pharmacy Market

  • CAGR (2023 - 2031)
  • Market Size 2023
    US$ 89.90 Billion
  • Market Size 2031
    US$ 316.57 Billion

Market Dynamics

  • Increasing Prevalence of Diseases
  • Increasing Adoption of Mail Order Pharmacy
  • Increasing Investment in Mail Order Pharmacy Start-Ups

Key Players

  • Canada Drugs Online
  • WellDyne
  • Walgreens co.
  • Zur Rose Group AG.
  • CHI Health
  • Optumrx Inc.
  • Express Scripts Holding Company
  • CVS Health
  • PillPack

Regional Overview

  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

Drug Type
  • Prescription Drugs
  • Nonprescription Drugs
  • Diabetes Medicines
  • Asthma Medicines
  • Blood Pressure Medicines
  • Cardiovascular Medicines
  • Cold and Flu Medicines
  • Antacids
  • Painkillers
  • Dermal Care Medicines
  • Others
Mode of Order
  • Online Store
  • Pharmacy Apps
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Mail Order Pharmacy Market Drivers and Opportunities

Increasing Adoption of Mail Order Pharmacy in Healthcare Sector

Mail order pharmacy services have shown a significant growth pattern in the last few years, and currently involved in mailing billions of prescriptions annually worldwide. Many employers offer a mail-order pharmacy option as a part of their comprehensive prescription benefits. Also, many retail giants have ventured into mail order pharmacy business owing to its growing popularity and increasing adoption worldwide. To avoid waiting in line at drugstores, consumers have shifted to digital pharmacy services. As the mail order pharmacy service providers are witnessing increase in the volume of orders, various companies have expanded their services to meet the growing demand. Moreover, growing demand for mail order pharmacy has paved the way for many new companies in this space offering a wide range of services. Thus, increasing adoption of mail order pharmacy by consumers is fueling the growth of the mail order pharmacy market.

Increasing Investment in Mail Order Pharmacy Start-Ups – An Opportunity of Mail Order Pharmacy Market

The number of start-ups in mail order pharmacy services is increasing and the investment in mail-order pharmacy is becoming a lucrative business model for investors. This market segment of the specialty pharmacy is undergoing rapid growth and offering lucrative opportunities and attracting huge amount of money from investors. With the increasing inflow of investment, internet dependency, and demand of hassle-free delivery have led to a rise in number of independent mail order pharmacies, thus offering numerous opportunities for players to expand their business across the world. For instance, in April 2024, Online Pharmacy startup PlatinumRx has secured US$ 800k in seed funding from India Quotient and a cohort of distinguished angel investors. The investment underscores a growing recognition of the pivotal role that online pharmacies play in ensuring affordable and accessible healthcare solutions, particularly amidst the backdrop of rising chronic illnesses and escalating medical expenses.

Mail Order Pharmacy Market Report Segmentation Analysis

Key segments that contributed to the derivation of the Mail Order Pharmacy Market analysis are drug type, product, and mode of order.

  • Based on drug type, the Mail Order Pharmacy Market is bifurcated into prescription drugs and non-prescription drugs. The non-prescription drugs segment held the largest market share in 2023.
  • By product, the market is segmented into diabetic medicines, asthma medicines, blood pressure medicines, cardiovascular medicines, cold and flu medicines, antacids, painkillers, dermal care medicines, and others. The dermal care medicines segment held the largest share of the market in 2023.
  • In terms of mode of order, the market is segmented into online stores and pharmacy apps. The online stores segment held the largest share of the market in 2023.

Mail Order Pharmacy Market Share Analysis by Geography

The geographic scope of the Mail Order Pharmacy Market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.

North America has dominated the Mail Order Pharmacy Market. In North America, the US holds a significant share of the mail order pharmacy market. The growth in North America is characterized by high prevalence of chronic diseases and infectious diseases, growing healthcare expenditure, rise in adoption of internet services in healthcare sector, higher adoption of online services, increase in number of service providers, and developing healthcare institutions.

Mail Order Pharmacy Market Report Scope

Report Attribute Details
Market size in 2023 US$ 89.90 Billion
Market Size by 2031 US$ 316.57 Billion
Global CAGR (2023 - 2031) 17.0%
Historical Data 2021-2022
Forecast period 2024-2031
Segments Covered By Drug Type
  • Prescription Drugs
  • Nonprescription Drugs
By Product
  • Diabetes Medicines
  • Asthma Medicines
  • Blood Pressure Medicines
  • Cardiovascular Medicines
  • Cold and Flu Medicines
  • Antacids
  • Painkillers
  • Dermal Care Medicines
  • Others
By Mode of Order
  • Online Store
  • Pharmacy Apps
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Canada Drugs Online
  • WellDyne
  • Walgreens co.
  • Zur Rose Group AG.
  • CHI Health
  • Optumrx Inc.
  • Express Scripts Holding Company
  • CVS Health
  • PillPack
    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

    Mail Order Pharmacy Market News and Recent Developments

    The Mail Order Pharmacy Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for viral antigens and strategies:

    • Eli Lilly launched online home delivery service for obesity medicine, diabetes medicine, and migraine medicine through their website. The company’s new service, dubbed LillyDirect, relies on online pharmacy providers like Eversana and Truepill to deliver prescribed Lilly medicines. (Source: Industry Dive, Press Release, 2024)
    • Online super-specialty pharmacy MrMed has raised $500,000 led by Tamil Nadu Emerging Sector Seed Fund (TNESSF), managed by Tamil Nadu Infrastructure Fund Management Corporation Limited. The funding round also saw participation of BEEJ Network and Vish Entrepreneurs LLP. The proceeds will be utilised for marketing initiatives, expanding the team, and exploring new ventures within the pharma supply chain and healthcare service provider sectors (Source: Bareback Media Pvt. Ltd, Press Release, 2023)

    Mail Order Pharmacy Market Report Coverage and Deliverables

    The “Mail Order Pharmacy Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

    • Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
    • Market dynamics such as drivers, restraints, and key opportunities
    • Key future trends
    • Detailed PEST/Porter’s Five Forces and SWOT analysis
    • Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
    • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
    • Detailed company profiles
    Report Coverage
    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered
    Segment Covered

    Drug Type ; Product ; Mode of Order , and Geography

    Regional Scope
    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope
    Country Scope

    Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States

    The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

    1. Data Collection and Secondary Research:

    As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

    Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

    1. Primary Research:

    The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

    For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

    A typical research interview fulfils the following functions:

    • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
    • Validates and strengthens in-house secondary research findings
    • Develops the analysis team’s expertise and market understanding

    Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

    • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
    • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

    Below is the breakup of our primary respondents by company, designation, and region:

    Research Methodology

    Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

    1. Data Analysis:

    Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

    • 3.1 Macro-Economic Factor Analysis:

    We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

    • 3.2 Country Level Data:

    Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

    • 3.3 Company Profile:

    The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

    • 3.4 Developing Base Number:

    Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

    1. Data Triangulation and Final Review:

    The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

    We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

    We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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