The mail order pharmacy market was valued at US$ 48,977 million in 2019 and is projected to reach US$ 166,384.85 million by 2027; it is expected to grow at a CAGR of 16.5% from 2020 to 2027.
Mail-order pharmacy operates over the internet and sends orders through e-mail, shipping companies, or online pharmacy web portal. Mail order pharmacy delivers medication at doorstep. These are cheaper and more convenient than a local pharmacy. The adoption of mail order pharmacy services has grown at unprecedent rate in last few years owing to the increasing adoption of online services in healthcare sector. Additionally, aging population, increasing prevalence of chronic diseases, and non-adherence to prescribed medications are further emphasizing on the adoption of mail order pharmacy worldwide. Moreover, increasing investment in mail order pharmacy start-ups is expected to foster the market growth during the forecast period. However, less adoption in low- and -middle income economies due to less penetration of e-commerce is restricting the market growth.
As North America has been witnessing growing number of COVID-19 cases since the viral outbreak, the healthcare professionals realized that the development of electronic prescriptions using technological platforms is essential to mitigate this unprecedented crisis. Hence, a greater number of patients as well as healthcare professionals have shifted their focus to mail or courier to get their prescription drugs during lockdown. This shift in consumer behavior is expected to continue even after the cessation of pandemic. Therefore, pandemic situation has positively impacted the mail order pharmacy market in North America.
Lucrative Regions for Mail Order Pharmacy Market
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Market Insights
Increasing Incidences of Chronic Diseases Drives Mail Order Pharmacy Market Growth
Chronic diseases, such as diabetes, cardiovascular disorders, autoimmune disorders, and various types of cancer, are the leading causes of death worldwide. According to the Centers for Disease Control and Prevention (CDC) in 2019, 6 in 10 people suffered from at least one chronic disease in the US. As per the WHO, cardiovascular diseases (CVDs) are the number 1 cause of death among people owing to the hectic lifestyle, taking an estimated 17.9 million lives each year. Diabetes is one of the life-threatening chronic diseases with no functional cure. Diabetes of all types can further lead to various complications in different parts of the body and can increase the overall risk of premature death. According to the International Diabetes Federation (IDF), in 2019, ~463 million adults were having diabetes, and the number is expected to reach 700 million by 2045 worldwide. Medication adherence in case of chronic diseases can offer positive health outcomes, with a reduction in hospitalizations and costs. However, as per the Journal of Managed Care & Specialty Pharmacy, medication adherence for the treatment of chronic diseases is still poor among the population, with less than 50% of patients taking their medications as prescribed. Also, as per the World Allergy Organization, medication adherence to chronic disease, including asthma is a worldwide problem, with estimated adherence to asthma medications varying between 30–70%. Non-adherence to inhaled corticosteroids is responsible for around 24% asthma exacerbations. Additionally, it is estimated that the cost of respiratory disease nonadherence is US$ 35,000 per patient each year in the US. There have been many attempts to increase medication adherence and improve patient care. For instance, various insurance companies provide financial incentives to make filling prescriptions via mail-order pharmacies that is considered less expensive for patients. Mail order pharmacy service is typically offered for drugs used for chronic conditions such as high cholesterol, asthma, high blood pressure, diabetes, and depression. Through this, the customer gets medicine for 90 days rather than getting prescription refilled every month. Therefore, increasing medication non-adherence, aging population, and convenience over traditional methods are expected to drive the growth of the mail order pharmacy market during the forecast period.
Drug Type-Based Insights
Based on drug type, the mail order pharmacy market is segmented into prescription drugs and nonprescription drugs. The nonprescription drugs segment held a larger share of the market in 2019. However, the prescription drugs segment is anticipated to register a higher CAGR during the forecast period. The growth of the market for non-prescription drugs is attributed to rising demand for over the counter (OTC) drugs such as cough and cold medications, analgesics, and gastrointestinal products.
Mail Order Pharmacy Market, by Drug Type – 2019 and 20273
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Product-Based Insights
Based on product, the mail order pharmacy market is segmented into diabetic drugs, asthma drugs, blood pressure medications, cardiovascular medicines, cold and flu, antacids, painkillers, dermal care, and other. The dermal care segment held the largest share of the market in 2019; whereas, the diabetes segment is anticipated to register the highest CAGR during the forecast period. The growth of diabetes segment can be attributed to the rising prevalence of diabetes and the increasing number of online pharmacies distributing diabetic drugs. Moreover, some of the online pharmacies have launched various diabetic care initiatives that are driving the growth of the segment. For instance, Express Scripts has launched Diabetes Care Value Program which is aimed at better patient outcomes and control of rapidly increasing costs of diabetic drug products.
Mode of Delivery-Based Insights
Based on mode of delivery, the mail order pharmacy market is segmented into online store and pharmacy apps. The online store segment held a larger share of the market in 2019. The growth of this segment is attributed to the increasing utilization of e-prescriptions in hospitals across the globe. Countries such as the UK are putting more efforts in the implementation of e-prescription. For instance, the NHS hospitals in the UK have been planning to go paperless by 2020. However, the pharmacy apps segment is anticipated to register a higher CAGR during the forecast period.
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Mail Order Pharmacy Market: Strategic Insights
Market Size Value in US$ 48,977 Million in 2019 Market Size Value by US$ 166,384.85 Million by 2027 Growth rate CAGR of 16.5% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Mail Order Pharmacy Market: Strategic Insights
| Market Size Value in | US$ 48,977 Million in 2019 |
| Market Size Value by | US$ 166,384.85 Million by 2027 |
| Growth rate | CAGR of 16.5% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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Product launches, mergers and acquisitions, collaborations, and expansions are the commonly adopted strategies by various companies to expand their footprint worldwide and meet the growing demand by expanding their respective product portfolios. The players operating in the mail order pharmacy market adopted the product innovations strategy to cater to the changing customer demands across the world, which also permits them to maintain their brand name in a global market.
Mail Order Pharmacy Market – by Drug Type
- Non-prescription Drugs
- Prescription Drugs
Mail Order Pharmacy Market – by Product
- Dermal Care
- Diabetes
- Cardiovascular Medicines
- Blood Pressure
- Asthma
- Cold and Flu
- Painkillers
- Antacids
- Others
Mail Order Pharmacy Market – by Mode of Order
- Online Store
- Pharmacy Apps
Mail Order Pharmacy Market– by Geography
- North America
- US
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- UK
- Spain
- Rest of Europe
- Asia Pacific (APAC)
- China
- India
- South Korea
- Japan
- Australia
- Rest of APAC
- Middle East and Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
- South and Central America (SCAM)
- Brazil
- Argentina
- Rest of SCAM
Company Profiles
- Canada Drugs Online
- WellDyne
- Walgreens co.
- eDrugstore.com
- Zur Rose Group AG
- CHI Health
- Optumrx Inc.
- Express Scripts Holding Company
- CVS Health
- PillPack
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Drug Type ; Product ; Mode of Order , and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
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
Frequently Asked Questions
Mail-order pharmacy operates over the Internet and sends orders through mail, shipping companies, or online pharmacy web portal. Mail order pharmacy delivers medication at doorstep. These are cheaper and more convenient than a local pharmacy. The adoption of mail order pharmacy services has grown at unprecedent 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.
The factors that are driving growth of the market are increasing incidences of chronic diseases, and increasing adoption of mail order pharmacy in healthcare sector. Moreover, increasing investment in mail order pharmacy start-ups are offering lucrative opportunities for the growth of the market.
The mail order pharmacy market majorly consists of the players such as Canada Drugs Online, WellDyne, Walgreens co., eDrugstore.com, Zur Rose Group AG., CHI Health, Optumrx Inc., Express Scripts Holding Company, CVS Health, and PillPack amongst others.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Mail Order Pharmacy Market – By Drug Type
1.3.2 Mail Order Pharmacy Market – By Product
1.3.3 Mail Order Pharmacy Market – By Mode of Order
1.3.4 Mail Order Pharmacy Market – By Geography
2. Mail Order Pharmacy Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Mail Order Pharmacy Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 North America – PEST Analysis
4.2.2 Europe – PEST Analysis
4.2.3 Asia-Pacific – PEST Analysis
4.2.4 Middle East and Africa (MEA) – PEST Analysis
4.2.5 South and Central America (SCAM) – PEST Analysis
4.3 Expert Opinion
5. Mail Order Pharmacy Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Incidences of Chronic Diseases
5.1.2 Increasing Adoption of Mail Order Pharmacy in Healthcare Sector
5.2 Market Restraint
5.2.1 Less Adoption in Low-and-Middle Income Economies
5.3 Market Opportunities
5.3.1 Increasing Investment in Mail Order Pharmacy Start-Ups
5.4 Future Trends
5.4.1 Integration of Artificial Intelligence (AI) in Retail Pharmacies
5.5 Impact Analysis of Drivers and Restraints
6. Mail Order Pharmacy Market – Global Analysis
6.1 Global Mail Order Pharmacy Market Revenue Forecast And Analysis
6.2 Global Mail Order Pharmacy Market, By Geography - Forecast And Analysis
6.3 Market Positioning of Key Players
7. Mail Order Pharmacy Market Analysis – By Drug Type
7.1 Overview
7.2 Mail Order Pharmacy Market Revenue Share, by Drug Type (2019 and 2027)
7.3 Prescription Drugs
7.3.1 Overview
7.3.2 Prescription Drugs: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (US$ Million)
7.4 Non-Prescription Drugs
7.4.1 Overview
7.4.2 Non-Prescription Drugs: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (US$ Million)
8. Mail Order Pharmacy Market Analysis – By Product
8.1 Overview
8.2 Mail Order Pharmacy Market Revenue Share, by Product (2019 and 2027)
8.3 Diabetes
8.3.1 Diabetes: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (US$ Million)
8.4 Asthma
8.4.1 Overview
8.4.2 Asthma: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (US$ Million)
8.5 Blood Pressure
8.5.1 Overview
8.5.2 Blood Pressure: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (US$ Million)
8.6 Cardiovascular Medicines
8.6.1 Overview
8.6.2 Cardiovascular Medicines: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (US$ Million)
8.7 Cold and Flu
8.7.1 Overview
8.7.2 Cold and flu: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (US$ Million)
8.8 Antacids
8.8.1 Overview
8.8.2 Antacids: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (US$ Million)
8.9 Painkillers
8.9.1 Overview
8.9.2 Painkillers: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (US$ Million)
8.10 Dermal Care
8.10.1 Overview
8.10.2 Dermal Care: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (US$ Million)
8.11 Other
8.11.1 Overview
8.11.2 Other: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (US$ Million)
9. Mail Order Pharmacy Market Analysis – By Mode of Order
9.1 Overview
9.2 Mail Order Pharmacy Market Share, by Mode of Orders, 2019 and 2027, (%)
9.3 Online Stores
9.3.1 Overview
9.3.2 Online Stores: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (US$ Million)
9.4 Pharmacy apps
9.4.1 Overview
9.4.2 Pharmacy Apps: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (US$ Million)
10. Mail Order Pharmacy Market – Geographic Analysis
10.1 North America: Mail Order Pharmacy Market
10.1.1 Overview
10.1.2 North America: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (USD Million)
10.1.3 North America: Mail Order Pharmacy Market, By Drug Type – Revenue and Forecast to 2027 (USD Million)
10.1.4 North America: Mail Order Pharmacy Market, By Product – Revenue and Forecast to 2027 (USD Million)
10.1.5 North America: Mail Order Pharmacy Market, By Mode of Order – Revenue and Forecast to 2027 (USD Million)
10.1.6 North America: Mail Order Pharmacy Market, by Country, 2019 & 2027 (%)
10.1.7 US: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (USD Million)
10.1.7.1 US: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (USD Million)
10.1.7.2 US: Mail Order Pharmacy Market, By Drug Type – Revenue and Forecast to 2027 (USD Million)
10.1.7.3 US: Mail Order Pharmacy Market, By Product – Revenue and Forecast to 2027 (USD Million)
10.1.7.4 US: Mail Order Pharmacy Market, By Mode of Order – Revenue and Forecast to 2027 (USD Million)
10.1.8 Canada: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (USD Million)
10.1.8.1 Canada: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (USD Million)
10.1.8.2 Canada: Mail Order Pharmacy Market, By Drug Type – Revenue and Forecast to 2027 (USD Million)
10.1.8.3 Canada: Mail Order Pharmacy Market, By Product – Revenue and Forecast to 2027 (USD Million)
10.1.8.4 Canada: Mail Order Pharmacy Market, By Mode of Order – Revenue and Forecast to 2027 (USD Million)
10.1.9 Mexico: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (USD Million)
10.1.9.1 Mexico: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (USD Million)
10.1.9.2 Mexico: Mail Order Pharmacy Market, By Drug Type – Revenue and Forecast to 2027 (USD Million)
10.1.9.3 Mexico: Mail Order Pharmacy Market, By Product – Revenue and Forecast to 2027 (USD Million)
10.1.9.4 Mexico: Mail Order Pharmacy Market, By Mode of Order – Revenue and Forecast to 2027 (USD Million)
10.2 Europe: Mail Order Pharmacy Market
10.2.1 Overview
10.2.2 Europe: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (USD Million)
10.2.3 Europe: Mail Order Pharmacy Market, By Drug Type – Revenue and Forecast to 2027 (USD Million)
10.2.4 Europe: Mail Order Pharmacy Market, By Product – Revenue and Forecast to 2027 (USD Million)
10.2.5 Europe: Mail Order Pharmacy Market, By Mode of Order – Revenue and Forecast to 2027 (USD Million)
10.2.6 Europe: Mail Order Pharmacy Market, by Country, 2019 & 2027 (%)
10.2.7 Germany: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (USD Million)
10.2.7.1 Germany: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (USD Million)
10.2.7.2 Germany: Mail Order Pharmacy Market, By Drug Type – Revenue and Forecast to 2027 (USD Million)
10.2.7.3 Germany: Mail Order Pharmacy Market, By Product – Revenue and Forecast to 2027 (USD Million)
10.2.7.4 Germany: Mail Order Pharmacy Market, By Mode of Order – Revenue and Forecast to 2027 (USD Million)
10.2.8 France: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (USD Million)
10.2.8.1 France: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (USD Million)
10.2.8.2 France: Mail Order Pharmacy Market, By Drug Type – Revenue and Forecast to 2027 (USD Million)
10.2.8.3 France: Mail Order Pharmacy Market, By Product – Revenue and Forecast to 2027 (USD Million)
10.2.8.4 France: Mail Order Pharmacy Market, By Mode of Order – Revenue and Forecast to 2027 (USD Million)
10.2.9 UK: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (USD Million)
10.2.9.1 UK: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (USD Million)
10.2.9.2 UK: Mail Order Pharmacy Market, By Drug Type – Revenue and Forecast to 2027 (USD Million)
10.2.9.3 UK: Mail Order Pharmacy Market, By Product – Revenue and Forecast to 2027 (USD Million)
10.2.9.4 UK: Mail Order Pharmacy Market, By Mode of Order – Revenue and Forecast to 2027 (USD Million)
10.2.10 Italy: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (USD Million)
10.2.10.1 Italy: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (USD Million)
10.2.10.2 Italy: Mail Order Pharmacy Market, By Drug Type – Revenue and Forecast to 2027 (USD Million)
10.2.10.3 Italy: Mail Order Pharmacy Market, Product – Revenue and Forecast to 2027 (USD Million)
10.2.10.4 Italy: Mail Order Pharmacy Market, By Mode of Order – Revenue and Forecast to 2027 (USD Million)
10.2.11 Spain: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (USD Million)
10.2.11.1 Spain: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (USD Million)
10.2.11.2 Spain: Mail Order Pharmacy Market, By Drug Type – Revenue and Forecast to 2027 (USD Million)
10.2.11.3 Spain: Mail Order Pharmacy Market, By Product – Revenue and Forecast to 2027 (USD Million)
10.2.11.4 Spain: Mail Order Pharmacy Market, By Mode of Order – Revenue and Forecast to 2027 (USD Million)
10.3 Asia Pacific: Mail Order Pharmacy Market
10.3.1 Overview
10.3.2 Asia Pacific: Mail Order Pharmacy Market - Revenue and Forecast to 2027 (USD Million)
10.3.3 Asia Pacific Mail Order Pharmacy Market, By Drug Type – Revenue and Forecast to 2027 (USD Million)
10.3.4 Asia Pacific Mail Order Pharmacy Market, By Product – Revenue and Forecast to 2027 (USD Million)
10.3.5 Asia Pacific Mail Order Pharmacy Market, By Mode of Order – Revenue and Forecast to 2027 (USD Million)
10.3.6 Asia Pacific: Mail Order Pharmacy Market, by Country, 2019 & 2027 (%)
10.4.1 China: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (USD Million)
10.4.1.1 China: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (USD Million)
10.4.1.2 China Mail Order Pharmacy Market, By Drug Type – Revenue and Forecast to 2027 (USD Million)
10.4.1.3 China Mail Order Pharmacy Market, By Product – Revenue and Forecast to 2027 (USD Million)
10.4.1.4 China Mail Order Pharmacy Market, By Mode of Order – Revenue and Forecast to 2027 (USD Million)
10.4.2 Japan: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (USD Million)
10.4.2.1 Japan: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (USD Million)
10.4.2.2 Japan Mail Order Pharmacy Market, By Drug Type – Revenue and Forecast to 2027 (USD Million)
10.4.2.3 Japan Mail Order Pharmacy Market, By Product – Revenue and Forecast to 2027 (USD Million)
10.4.2.4 Japan Mail Order Pharmacy Market, By Mode of Order – Revenue and Forecast to 2027 (USD Million)
10.4.3 India: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (USD Million)
10.4.3.1 India: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (USD Million)
10.4.3.2 India Mail Order Pharmacy Market, By Drug Type – Revenue and Forecast to 2027 (USD Million)
10.4.3.3 India Mail Order Pharmacy Market, By Product – Revenue and Forecast to 2027 (USD Million)
10.4.3.4 India Mail Order Pharmacy Market, By Mode of Order – Revenue and Forecast to 2027 (USD Million)
10.4.4 South Korea: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (USD Million)
10.4.4.1 South Korea: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (USD Million)
10.4.4.2 South Korea Mail Order Pharmacy Market, By Drug Type – Revenue and Forecast to 2027 (USD Million)
10.4.4.3 South Korea Mail Order Pharmacy Market, By Product – Revenue and Forecast to 2027 (USD Million)
10.4.4.4 South Korea Mail Order Pharmacy Market, By Mode of Order – Revenue and Forecast to 2027 (USD Million)
10.4.5 Australia: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (USD Million)
10.4.5.1 Australia: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (USD Million)
10.4.5.2 Australia Mail Order Pharmacy Market, By Drug Type – Revenue and Forecast to 2027 (USD Million)
10.4.5.3 Australia Mail Order Pharmacy Market, By Product – Revenue and Forecast to 2027 (USD Million)
10.4.5.4 Australia Mail Order Pharmacy Market, By Mode of Order – Revenue and Forecast to 2027 (USD Million)
10.5 Middle East & Africa: Mail Order Pharmacy Market
10.5.1 Overview
10.5.2 Middle East & Africa: Mail Order Pharmacy Market - Revenue and Forecast to 2027 (US$ Million)
10.5.3 Middle East & Africa Mail Order Pharmacy Market, By Drug Type – Revenue and Forecast to 2027 (USD Million)
10.5.4 Middle East & Africa Mail Order Pharmacy Market, By Product – Revenue and Forecast to 2027 (USD Million)
10.5.5 Middle East & Africa Mail Order Pharmacy Market, By Mode of Order – Revenue and Forecast to 2027 (USD Million)
10.5.6 Middle East & Africa: Mail Order Pharmacy Market, by Country, 2018 & 2027 (%)
10.5.7 Saudi Arabia: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (USD Million)
10.5.7.1 Saudi Arabia: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (USD Million)
10.5.7.2 Saudi Arabia Mail Order Pharmacy Market, By Drug Type – Revenue and Forecast to 2027 (USD Million)
10.5.7.3 Saudi Arabia Mail Order Pharmacy Market, By Product – Revenue and Forecast to 2027 (USD Million)
10.5.7.4 Saudi Arabia Mail Order Pharmacy Market, By Mode of Order – Revenue and Forecast to 2027 (USD Million)
10.5.8 UAE: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (USD Million)
10.5.8.1 UAE: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (USD Million)
10.5.8.2 UAE Mail Order Pharmacy Market, By Drug Type – Revenue and Forecast to 2027 (USD Million)
10.5.8.3 UAE Mail Order Pharmacy Market, By Product – Revenue and Forecast to 2027 (USD Million)
10.5.8.4 UAE Mail Order Pharmacy Market, By Mode of Order – Revenue and Forecast to 2027 (USD Million)
10.5.9 South Africa: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (USD Million)
10.5.9.1 South Africa: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (USD Million)
10.5.9.2 South Africa Mail Order Pharmacy Market, By Drug Type – Revenue and Forecast to 2027 (USD Million)
10.5.9.3 South Africa Mail Order Pharmacy Market, By Product – Revenue and Forecast to 2027 (USD Million)
10.5.9.4 South Africa Mail Order Pharmacy Market, By Mode of Order – Revenue and Forecast to 2027 (USD Million)
10.6 South and Central America: Mail Order Pharmacy Market
10.6.1 Overview
10.6.2 South and Central America: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (USD Million)
10.6.3 South and Central America Mail Order Pharmacy Market, By Drug Type – Revenue and Forecast to 2027 (USD Million)
10.6.4 South and Central America Mail Order Pharmacy Market, By Product – Revenue and Forecast to 2027 (USD Million)
10.6.5 South and Central America Mail Order Pharmacy Market, By Mode of Order – Revenue and Forecast to 2027 (USD Million)
10.6.6 South and Central America: Mail Order Pharmacy Market, by Country, 2019 & 2027 (%)
10.6.7 Brazil: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (USD Million)
10.6.7.1 Brazil: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (USD Million)
10.6.7.2 Brazil Mail Order Pharmacy Market, By Drug Type – Revenue and Forecast to 2027 (USD Million)
10.6.7.3 Brazil Mail Order Pharmacy Market, By Product – Revenue and Forecast to 2027 (USD Million)
10.6.7.4 Brazil Mail Order Pharmacy Market, By Mode of Order – Revenue and Forecast to 2027 (USD Million)
10.6.8 Argentina: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (USD Million)
10.6.8.1 Argentina: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (USD Million)
10.6.8.2 Argentina Mail Order Pharmacy Market, By Drug Type – Revenue and Forecast to 2027 (USD Million)
10.6.8.3 Argentina Mail Order Pharmacy Market, By Product – Revenue and Forecast to 2027 (USD Million)
10.6.8.4 Argentina Mail Order Pharmacy Market, By Mode of Order – Revenue and Forecast to 2027 (USD Million)
11. Impact of COVID-19 Pandemic on Global Mail Order Pharmacy Market
11.1 North America: Impact Assessment of COVID-19 Pandemic
11.2 Europe: Impact Assessment of COVID-19 Pandemic
11.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
11.4 Rest of the World: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Growth Strategies Done by the Companies in the Market, (%)
12.3 Organic Developments
12.3.1 Overview
12.4 Inorganic Developments
12.4.1 Overview
13. Company Profiles
13.1 Canada Drugs Online
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 WellDyne
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Walgreens Co.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 eDrugstore.com
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Zur Rose Group AG.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 CHI Health
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Optumrx Inc.(United Healthcare)
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Express Scripts Holding Company (CIGNA)
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 CVS Health
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Pillpack (Amazon Pharmacy)
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 Glossary of Terms
LIST OF TABLES
Table 1. North America: Mail Order Pharmacy Market, By Drug Type – Revenue and Forecast to 2027 (USD Million)
Table 2. North America: Mail Order Pharmacy Market, By Product – Revenue and Forecast to 2027 (USD Million)
Table 3. North America: Mail Order Pharmacy Market, By Mode of Order – Revenue and Forecast to 2027 (USD Million)
Table 4. US: Mail Order Pharmacy Market, By Drug Type – Revenue and Forecast to 2027 (USD Million)
Table 5. US: Mail Order Pharmacy Market, By Product – Revenue and Forecast to 2027 (USD Million)
Table 6. US: Mail Order Pharmacy Market, By Mode of Order – Revenue and Forecast to 2027 (USD Million)
Table 7. Canada: Mail Order Pharmacy Market, By Drug Type – Revenue and Forecast to 2027 (USD Million)
Table 8. Canada: Mail Order Pharmacy Market, By Product – Revenue and Forecast to 2027 (USD Million)
Table 9. Canada: Mail Order Pharmacy Market, By Mode of Order – Revenue and Forecast to 2027 (USD Million)
Table 10. Mexico: Mail Order Pharmacy Market, By Drug Type – Revenue and Forecast to 2027 (USD Million)
Table 11. Mexico: Mail Order Pharmacy Market, By Product – Revenue and Forecast to 2027 (USD Million)
Table 12. Mexico: Mail Order Pharmacy Market, By Mode of Order – Revenue and Forecast to 2027 (USD Million)
Table 13. Europe: Mail Order Pharmacy Market, By Drug Type – Revenue and Forecast to 2027 (USD Million)
Table 14. Europe: Mail Order Pharmacy Market, By Product – Revenue and Forecast to 2027 (USD Million)
Table 15. Europe: Mail Order Pharmacy Market, By Mode of Order – Revenue and Forecast to 2027 (USD Million)
Table 16. Germany: Mail Order Pharmacy Market, By Drug Type – Revenue and Forecast to 2027 (USD Million)
Table 17. Germany: Mail Order Pharmacy Market, By Product – Revenue and Forecast to 2027 (USD Million)
Table 18. Germany: Mail Order Pharmacy Market, By Mode of Order – Revenue and Forecast to 2027 (USD Million)
Table 19. France: Mail Order Pharmacy Market, By Drug Type – Revenue and Forecast to 2027 (USD Million)
Table 20. France: Mail Order Pharmacy Market, By Product – Revenue and Forecast to 2027 (USD Million)
Table 21. France: Mail Order Pharmacy Market, By Mode of Order – Revenue and Forecast to 2027 (USD Million)
Table 22. UK: Mail Order Pharmacy Market, By Drug Type – Revenue and Forecast to 2027 (USD Million)
Table 23. UK: Mail Order Pharmacy Market, By Product – Revenue and Forecast to 2027 (USD Million)
Table 24. UK: Mail Order Pharmacy Market, By Mode of Order – Revenue and Forecast to 2027 (USD Million)
Table 25. Italy: Mail Order Pharmacy Market, By Drug Type – Revenue and Forecast to 2027 (USD Million)
Table 26. Italy: Mail Order Pharmacy Market, Product – Revenue and Forecast to 2027 (USD Million)
Table 27. Italy: Mail Order Pharmacy Market, By Mode of Order – Revenue and Forecast to 2027 (USD Million)
Table 28. Spain: Mail Order Pharmacy Market, By Drug Type – Revenue and Forecast to 2027 (USD Million)
Table 29. Spain: Mail Order Pharmacy Market, By Product – Revenue and Forecast to 2027 (USD Million)
Table 30. Spain: Mail Order Pharmacy Market, By Mode of Order – Revenue and Forecast to 2027 (USD Million)
Table 31. Asia Pacific Mail Order Pharmacy Market, By Drug Type – Revenue and Forecast to 2027 (USD Million)
Table 32. Asia Pacific Mail Order Pharmacy Market, By Product – Revenue and Forecast to 2027 (USD Million)
Table 33. Asia Pacific Mail Order Pharmacy Market, By Mode of Order – Revenue and Forecast to 2027 (USD Million)
Table 34. China Mail Order Pharmacy Market, By Drug Type – Revenue and Forecast to 2027 (USD Million)
Table 35. China Mail Order Pharmacy Market, By Product – Revenue and Forecast to 2027 (USD Million)
Table 36. China Mail Order Pharmacy Market, By Mode of Order – Revenue and Forecast to 2027 (USD Million)
Table 37. Japan Mail Order Pharmacy Market, By Drug Type – Revenue and Forecast to 2027 (USD Million)
Table 38. Japan Mail Order Pharmacy Market, By Product – Revenue and Forecast to 2027 (USD Million)
Table 39. Japan Mail Order Pharmacy Market, By Mode of Order – Revenue and Forecast to 2027 (USD Million)
Table 40. India Mail Order Pharmacy Market, By Drug Type – Revenue and Forecast to 2027 (USD Million)
Table 41. India Mail Order Pharmacy Market, By Product – Revenue and Forecast to 2027 (USD Million)
Table 42. India Mail Order Pharmacy Market, By Mode of Order – Revenue and Forecast to 2027 (USD Million)
Table 43. South Korea Mail Order Pharmacy Market, By Drug Type – Revenue and Forecast to 2027 (USD Million)
Table 44. South Korea Mail Order Pharmacy Market, By Product – Revenue and Forecast to 2027 (USD Million)
Table 45. South Korea Mail Order Pharmacy Market, By Mode of Order – Revenue and Forecast to 2027 (USD Million)
Table 46. Australia Mail Order Pharmacy Market, By Drug Type – Revenue and Forecast to 2027 (USD Million)
Table 47. Australia Mail Order Pharmacy Market, By Product – Revenue and Forecast to 2027 (USD Million)
Table 48. Australia Mail Order Pharmacy Market, By Mode of Order – Revenue and Forecast to 2027 (USD Million)
Table 49. Middle East & Africa Mail Order Pharmacy Market, By Drug Type – Revenue and Forecast to 2027 (USD Million)
Table 50. Middle East & Africa Mail Order Pharmacy Market, By Product – Revenue and Forecast to 2027 (USD Million)
Table 51. Middle East & Africa Mail Order Pharmacy Market, By Mode of Order – Revenue and Forecast to 2027 (USD Million)
Table 52. Saudi Arabia Mail Order Pharmacy Market, By Drug Type – Revenue and Forecast to 2027 (USD Million)
Table 53. Saudi Arabia Mail Order Pharmacy Market, By Product – Revenue and Forecast to 2027 (USD Million)
Table 54. Saudi Arabia Mail Order Pharmacy Market, By Mode of Order – Revenue and Forecast to 2027 (USD Million)
Table 55. UAE Mail Order Pharmacy Market, By Drug Type – Revenue and Forecast to 2027 (USD Million)
Table 56. UAE Mail Order Pharmacy Market, By Product – Revenue and Forecast to 2027 (USD Million)
Table 57. UAE Mail Order Pharmacy Market, By Mode of Order – Revenue and Forecast to 2027 (USD Million)
Table 58. South Africa Mail Order Pharmacy Market, By Drug Type – Revenue and Forecast to 2027 (USD Million)
Table 59. South Africa Mail Order Pharmacy Market, By Product – Revenue and Forecast to 2027 (USD Million)
Table 60. South Africa Mail Order Pharmacy Market, By Mode of Order – Revenue and Forecast to 2027 (USD Million)
Table 61. South and Central America Mail Order Pharmacy Market, By Drug Type – Revenue and Forecast to 2027 (USD Million)
Table 62. South and Central America Mail Order Pharmacy Market, By Product – Revenue and Forecast to 2027 (USD Million)
Table 63. South and Central America Mail Order Pharmacy Market, By Mode of Order – Revenue and Forecast to 2027 (USD Million)
Table 64. Brazil Mail Order Pharmacy Market, By Drug Type – Revenue and Forecast to 2027 (USD Million)
Table 65. Brazil Mail Order Pharmacy Market, By Product – Revenue and Forecast to 2027 (USD Million)
Table 66. Brazil Mail Order Pharmacy Market, By Mode of Order – Revenue and Forecast to 2027 (USD Million)
Table 67. Argentina Mail Order Pharmacy Market, By Drug Type – Revenue and Forecast to 2027 (USD Million)
Table 68. Argentina Mail Order Pharmacy Market, By Product – Revenue and Forecast to 2027 (USD Million)
Table 69. Argentina Mail Order Pharmacy Market, By Mode of Order – Revenue and Forecast to 2027 (USD Million)
Table 70. Organic Developments Done By Companies
Table 71. Inorganic Developments Done By Companies
Table 72. Glossary of Terms, Mail order pharmacy Market
LIST OF FIGURES
Figure 1. Mail Order Pharmacy Market Segmentation
Figure 2. Mail Order Pharmacy Market – By Geography
Figure 3. Global Mail Order Pharmacy Market Overview
Figure 4. Prescription Drugs Segment Held Largest Share of Mail Order Pharmacy Market
Figure 5. Asia-Pacific to Show Remarkable Growth During Forecast Period
Figure 6. Global Mail Order Pharmacy Market, By Geography (US$ Million)
Figure 7. Global Mail Order Pharmacy Market- Leading Country Markets (US$ Million)
Figure 8. Global Mail Order Pharmacy Market, Industry Landscape
Figure 9. North America PEST Analysis
Figure 10. Europe PEST Analysis
Figure 11. Asia-Pacific PEST Analysis
Figure 12. Middle East & Africa PEST Analysis
Figure 13. South and Central America (SCAM) PEST Analysis
Figure 14. Mail Order Pharmacy Market Impact Analysis of Drivers and Restraint
Figure 15. Global Mail order pharmacy Market – Revenue Forecast And Analysis – 2019- 2027
Figure 16. Global Mail Order Pharmacy Market – By Geography Forecast and Analysis – 2019- 2027
Figure 17. Market Positioning of Key Players
Figure 18. Mail Order Pharmacy Market Revenue Share, by Drug Type (2019 and 2027)
Figure 19. Prescription Drugs: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (US$ Million)
Figure 20. Non-Prescription: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (US$ Million)
Figure 21. Mail Order Pharmacy Market Revenue Share, by Product (2019 and 2027)
Figure 22. Diabetes: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (US$ Million)
Figure 23. Asthma: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (US$ Million)
Figure 24. Blood Pressure: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (US$ Million)
Figure 25. Cardiovascular Medicines: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (US$ Million)
Figure 26. Cold and Flu: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (US$ Million)
Figure 27. Antacids: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (US$ Million)
Figure 28. Painkillers: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (US$ Million)
Figure 29. Dermal Care: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (US$ Million)
Figure 30. Other: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (US$ Million)
Figure 31. Mail Order Pharmacy Market Share, by Mode of Orders, 2019 and 2027 (%)
Figure 32. Online Stores: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (US$ Million)
Figure 33. Pharmacy Apps: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (US$ Million)
Figure 34. North America: Mail Order Pharmacy Market, by Key Country – Revenue (2019) (USD Million)
Figure 35. North America: Mail Order Pharmacy Market Revenue and Forecast to 2027 (USD Million)
Figure 36. North America: Mail Order Pharmacy Market, by Country, 2019 & 2027 (%)
Figure 37. US: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (USD Million)
Figure 38. Canada: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (USD Million)
Figure 39. Mexico: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (USD Million)
Figure 40. Europe: Mail Order Pharmacy Market, by Key Country – Revenue (2019) (USD Million)
Figure 41. Europe: Mail Order Pharmacy Market Revenue and Forecast to 2027 (USD Million)
Figure 42. Europe: Mail Order Pharmacy Market, by Country, 2019 & 2027 (%)
Figure 43. Germany: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (USD Million)
Figure 44. France: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (USD Million)
Figure 45. UK: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (USD Million)
Figure 46. Italy: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (USD Million)
Figure 47. Spain: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (USD Million)
Figure 48. Asia Pacific: Mail Order Pharmacy Market, by Key Country – Revenue (2019) (USD Million)
Figure 49. Asia Pacific Mail Order Pharmacy Market Revenue and Forecast to 2027 (USD Million)
Figure 50. Asia Pacific: Mail Order Pharmacy Market, by Country, 2019 & 2027 (%)
Figure 51. China: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (USD Million)
Figure 52. Japan: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (USD Million)
Figure 53. India: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (USD Million)
Figure 54. South Korea: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (USD Million)
Figure 55. Australia: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (USD Million)
Figure 56. Middle East & Africa: Mail Order Pharmacy Market, by Key Country – Revenue (2019) (USD Million)
Figure 57. Middle East & Africa Mail Order Pharmacy Market Revenue and Forecast to 2027 (USD Million)
Figure 58. Middle East & Africa: Mail Order Pharmacy Market, by Country, 2018 & 2027 (%)
Figure 59. Saudi Arabia: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (USD Million)
Figure 60. UAE: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (USD Million)
Figure 61. South Africa: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (USD Million)
Figure 62. South and Central America: Mail Order Pharmacy Market, by Key Country – Revenue (2019) (USD Million)
Figure 63. South and Central America Mail Order Pharmacy Market Revenue and Forecast to 2027 (USD Million)
Figure 64. South and Central America: Mail Order Pharmacy Market, by Country, 2019 & 2027 (%)
Figure 65. Brazil: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (USD Million)
Figure 66. Argentina: Mail Order Pharmacy Market – Revenue and Forecast to 2027 (USD Million)
Figure 67. Impact of COVID-19 Pandemic in North American Country Markets
Figure 68. Impact of COVID-19 Pandemic in European Country Markets
Figure 69. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 70. Impact of COVID-19 Pandemic in Rest of the World Market
Figure 71. Growth Strategies Done by the Companies in the Market, (%)
The List of Companies - Mail Order Pharmacy Market
- Canada Drugs Online
- WellDyne
- Walgreens co.
- eDrugstore.com
- Zur Rose Group AG
- CHI Health
- Optumrx Inc.
- Express Scripts Holding Company
- CVS Health
- PillPack
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- 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.
- 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:
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.
- 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.
- 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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