MarkNtel Advisors, leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently published a report on The GCC E-pharmacies Market and provide your business with the latest market trends and analysis from our reports to make informed decisions and stay ahead of the competition.
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GCC E-pharmacies Market Insights 2023-2028
The GCC E-Pharmacies Market is expected to grow at around 9% CAGR during the forecast period, i.e., 2023-28.
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Top Players in the GCC E-pharmacies Market:
- Care n Cure Pharmacy
- Wellcare Pharmacy
- BinSina
- Aster Pharmacy (Aster Online)
- Al Mutawa Pharmacies, Inc
- MediSouq
- Kulud Pharmacy
- Nahdi Pharmacy (Nahdi Medical Company)
- Medicina Pharmacy
- Nasser Pharmacy W.L.L.
- Others (NextDoorMed, etc.)
Segmentation Analysis of GCC E-pharmacies Market
GCC E-pharmacies Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2023 to 2028, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.
- By Drug Type
- Over-the-Counter (OTC) Drugs
- Prescription Drugs
Here, Over-the-Counter (OTC) drugs hold a prominent market share, owing mainly to their inexpensive costs & easy availability, coupled with the growing consumer preference inclination toward self-medication. In addition, the rising awareness among the general public about the primary treatment for common ailments is further augmenting the demand for OTC drugs, a large variety of which is becoming increasingly available across the region owing to rising disorders like the cold & flu. Hence, these aspects are propelling the overall growth of the GCC E-Pharmacies Market.
- By Product Type
- Cold and Flu
- Vitamins
- Skin Care
- Weight Loss
- Dental
- Others (Baby Care, Maternity Care, etc.)
- By Operating Platform
- Website
- Applications
- By Delivery Mode
- Direct
- Pharmacy
- Marketplace
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A Comprehensive Geographical Analysis:
By Country
- Saudi Arabia
- The UAE
- Qatar
- Kuwait
- Bahrain
- Oman
Of all countries in GCC, the UAE is projected to acquire a significant share of the E-Pharmacies Market during 2023-28. It owes primarily to the rapidly rising aging population, i.e., more susceptible to developing acute & chronic conditions, as people aged 65 & above are unable to visit pharmacies at locations far away.
In addition, the flourishing pharmaceutical industry in the UAE, with increasing government investments in establishing a world-class healthcare infrastructure, coupled with burgeoning imports of pharmaceuticals to meet the ever-growing consumer demands, are other prominent aspects projected to drive the e-pharmacies market in the country over the coming years.
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