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DUBAI, United Arab Emirates, March 31, 2022 (GLOBE NEWSWIRE) — Prompt delivery of medicines is the cornerstone of an efficient healthcare infrastructure. The growing prevalence of chronic and infectious diseases has accelerated the production of prescription drugs, prompting sellers to develop efficient distribution networks.
| Data points | Market overview | |
| Market value 2021 | US$98.7 million | |
| Market value 2022 | US$117.2 million | |
| Market value 2030 | US$434.3 million | |
| CAGR 2022-2030 | 17.8% | |
| Market share of top 5 countries | 55.3% | |
| Main market players | Wal-Mart Stores, Inc., Walgreen Co., Wal-Mart Stores, Inc., CVS Health, Express Scripts Holding Company, Giant Eagle, Inc., DocMorris (Zur Rose Group AG), Rowlands Pharmacy, OptumRx, Inc., Ali Health, Kroger Co. and Amazon (PillPack) | |
Additionally, advanced prescription dispensing systems have not only helped in providing round-the-clock customer services, but also helped in managing dosage, treatment compliance, and providing feedback to clinicians.
Advances in consumer touchpoints and supply chains, including e-commerce, convenience stores and retail stores, have dramatically changed the landscape of prescription delivery services. Advancements such as drone delivery and tracker-based prescriptions contribute to a seamless customer experience.
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Prescription Delivery Services Market – Key Takeaways
- Prescription drugs for diabetics will dominate and are expected to capture 36.7% market share by 2030
- Ease of Access to Chronic Disease Medications Set to Drive Retail Pharmacy Growth to New Heights
- North America will experience prodigious expansion at a CAGR of 18.4% from 2020 to 2030, attributed to the presence of several convenience stores and pharmacies
- Global prescription delivery services market to reach $434.3 million by the end of 2030
“The adoption of self-service payment terminals and medicine dispensers will improve the experience of buying medicines for customers, allowing sellers to increase customer loyalty,” concludes the IMF analyst.
Information on the impact of COVID-19
The COVID-19 pandemic has generated fertile ground for the prescription dispensing services market. The imposition of nationwide shutdowns to enforce social distancing has reduced footfall at conventional pharmacies. This has forced patients to rely on online retail platforms to avail their medicines.
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Additionally, the heightened vulnerability of geriatric people with comorbidities to coronavirus has necessitated the stockpiling of essential medicines, thus keeping the need for prescription services afloat for the duration of the pandemic. This panic buying behavior will usher in 80% year-over-year growth.
Growth should be particularly robust in the United States, China and India, countries with the highest infection rates. Collectively accounting for 40% of the global infection rate, these countries have seen an unprecedented increase in household hoarding of prescription drugs. This will continue until the second half of 2021.
Witness to the market entry of e-commerce players
The prescription delivery services market is witnessing the entry of e-commerce, pharmacies, and retail chains, albeit at the local or regional level. Technological developments, new product launches, and collaborations characterize some critical expansion strategies of market players.
Some of the major players in the prescription delivery services market are: Walgreens Co., Walmart Stores Inc., CVS Health, Giant Eagle Inc., Express Scripts Holding Company, Ali Health, and Kroger Co. to name a few- one.
Apart from these established players, several startups are also emerging as potential game changers in the industry. These include NetMeds, Kfyao, Capsule, Myra Medicines, NURX, MedAvail, Zipdrug, Insightfil and ScriptDrop to name a few.
Walgreens, a leading pharmaceutical retail distributor, has a strong presence in the global prescription delivery services market. The company offers refills, auto-refills, drug information and home delivery services.
In 2017, the company acquired Rite Aid for US$5.2 billion, merging two of the three largest drugstore chains in the United States.
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Report Scope According to Prescription Delivery Services Industry Analysis
| Attribute | Details |
| Forecast period | 2022-2030 |
| Historical data available for | 2015-2021 |
| Market analysis | US$ million for value |
| Key regions covered | North America, Latin America, Europe, South Asia, East Asia, Oceania and Middle East & Africa |
| Main countries covered | United States, Canada, Brazil, Mexico, Germany, Italy, France, United Kingdom, Spain, BENELUX, Russia, China, Japan, South Korea, India, Thailand, Indonesia, Malaysia, Australia, New Zealand, South GCC, Turkey, North Africa, South Africa |
| Key Market Segments Covered | Indication of the disease, distribution channel and region |
| Profiled Key Companies |
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| Pricing | Available on demand |
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