The UAE E-Pharmacy Market is Aiming to Rise at a CAGR of Approximately 15.2% in the Forecast Period, 2024-30

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UAE E-Pharmacy Market

An e-pharmacy also called an electronic pharmacy is a digital platform from where consumers can conveniently purchase medications, healthcare items, and pharmaceutical products through an online medium. The latest research report by MarkNtel Advisors states that the UAE E-Pharmacy Market is projected to rise at a CAGR of around 15.2% during the forecast period, i.e., 2024-30.

The major factors responsible for the swift popularity of the e-pharmacy market are the growing internet penetration, digitalization, evolving and hectic lifestyles, convenience, and the ease of access that e-pharmacy offers. Consumers prefer to purchase healthcare products and medications within the convenience of their homes which is majorly boosting the UAE E-Pharmacy Market.

Moreover, e-pharmacy offers doorstep delivery which helps consumers to save time and enables them to easily access a variety of medications and consultations from remote areas as well. Moreover, the implementation of electronic health records (EHRs), telemedicine platforms, and mobile health applications has also improved the access of patients to medical records, remote consultations, and health monitoring tools. All these aspects have prominently boosted the UAE E-Pharmacy Market and the market growth is anticipated to continue in the coming years as well.

Breakdown of the Segmentation of the UAE E-Pharmacy Market

  • By Drug Type (Over-the-Counter (OTC) Drugs and Prescription Drugs)
  • By Product Type (Cold & Flu, Vitamins & Minerals, Skin Care, Hair Care, Weight Loss, Dental, ENT, Heart Care, and Others (Baby Care, Maternity Care, etc.))
  • By Operating Platform (Website and Applications)
  • By Region (Dubai, Abu Dhabi & Al Ain, and Sharjah & Northern Emirates)
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In the historical years, the Over-the-counter (OTC) Drugs segment retained a considerable amount of market share in the UAE E-Pharmacy Market and is anticipated to exhibit growth in the coming years as well. The increasing awareness of consumers regarding self-care and wellness is among the top factors propelling the segment’s growth since they aid in treating insignificant and minor illnesses and preventive healthcare.

Besides, the occurrence of the COVID-19 pandemic has led to the implementation of OTC medications, as consumers strive for solutions concerning common health issues, such as immunity boosting without visiting healthcare facilities. The segment’s growth is further propelled by the expansion of OTC product offerings by the e-pharmacy platforms to meet the diverse requirements of consumers.

Cold & Flu care drugs have witnessed a significant demand in recent years owing to the rise in the prevalence of cold and flu symptoms precisely after the occurrence of COVID-19. The occurrence of the pandemic has resulted in intensified consciousness regarding respiratory health, stimulating individuals to strive for preventive measures and solutions for common respiratory diseases. Moreover, e-pharmacy platforms provide ease of access, thus making it easier for consumers to buy over-the-counter cold & flu medications online which is further fueling the market growth.

Unveiling the Companies Acquiring the Maximum Market Share in the UAE E-Pharmacy Market

Market competitors are an essential component for the boosting of market growth. These competitors ensure healthy competition so that the market witnesses constant innovations and evolvements. Some of the top competitors in the UAE E-Pharmacy Market include Aster Pharmacy (Aster Online), Medicina Online Pharmacy, BinSina Pharmacy, Lifepharmacy, Medisouq, Medilife Pharmacy, Boots Pharmacy, SahaJamal Pharmacy, Al Manara Pharmacy, Nextdoormed, and 800 Pharmacy, among others.

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About Us

MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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Email: sales@marknteladvisors.com

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