North America Healthcare E-Commerce Market Size, Segments, Outlook and Revenue Forecast 2022-2027 by Product Type (Drugs and Medical Devices), Application (Telemedicine, Caregiving Services, Medical Consultation, Non-Prescribed), End-Users (Hospitals & Clinics, Pharmacies, Medical Supply & Equipment Stores and Others), and Major Countries (USA, Canada, Mexico and Rest of North America)

Market Overview

Market Overview

According to Ken Research Analysis, the North America Healthcare E-Commerce Market is expected to record a positive CAGR of ~15% during the forecast period (2022-2027), due to an increase in technological advancement in healthcare e-commerce coupled with an increase in internet penetration in the healthcare sector. The ongoing Covid-19 pandemic has benefited the healthcare e-commerce industry, notably in 2020, as due to an impromptu lockdown the traditional supply chain of the healthcare industry got disrupted and led to the transformation of the supply chain by implementing digitalization.

  • The shortage in medical staff has given rise to automation in the healthcare industry to provide improved patient care, which is expected to propel the market's growth. In 2021, according to Bloomberg, 16% of the hospitals had critical staffing shortages in the U.S.
  • The demand for e-commerce is rising in the healthcare industry to boost efficiency and lower the cost of healthcare expenses by using the latest technologies. For instance, in 2020, according to Entrepreneur Media, Inc., the adoption of telehealth services in the U.S. grew by 33%. In addition, as per the study of a cardiovascular patient, telehealth options helped in reducing the monthly healthcare cost by US$ 576, and in Houston, the telehealth program reduced the emergency visits by 6.7% resulting in saving US$ 2,468 for the healthcare system for each unnecessary visit.
  • Emergence of advanced technologies including artificial intelligence, blockchain technology, machine learning, sensor-based technology, and others is likely to create immense opportunities for the growth of the e-commerce healthcare market in the forthcoming years. For instance, In July 2020, Deutsche Post AG announced to invest more than US$ 70 million to build additional specialized warehousing infrastructure and adopt new technologies to support its pharmaceutical and medical device customers in North America.
  • The stringent regulations laid by the governmental body on data security and compliance complications with regulatory bodies are the most significant barrier to the healthcare e-commerce industry.

Scope of the Report

E-commerce can be referred to as the sales and purchase of goods or services over an electronic network, the internet. E-commerce is revolutionizing medical e-business by offering improved patient care and service offering. Healthcare e-commerce is allowing for the creation of an effective and highly collaborative healthcare sector. E-commerce offers various applications in the healthcare industry including healthcare-related products retail, e-medical service, patient care, online, nursing, electronic healthcare record management, and others. 

Furthermore, the Healthcare E-Commerce Market is segmented by type, application, and end-users. In addition, the report also covers market size and forecasts for the region's three major countries' healthcare e-commerce markets. The revenue used to size and forecast the market for each segment is US$ billion.

By Product Type

  • Drugs
  • Medical Devices

By Application

  • Telemedicine
  • Caregiving Services
  • Medical Consultation
  • Non-Prescribed Drugs

By End-Users

  • Hospitals
  • Clinics
  • Pharmacies
  • Medical Supply & Equipment Stores
  • Individual Buyers

By Geography

  • USA
  • Canada
  • Mexico
  • Rest of North America

 


Key Trends by Market Segment:

By Type:  Drugs hold the largest share of the North America healthcare e-commerce market owing to the rising prevalence of chronic diseases such as arthritis, cancer, heart diseases, and others which has led to the increasing demand for drugs in the market. In addition, COVID-19 has drastically changed the purchasing pattern of the end-users and increased the dependence on online services for drugs and this trend is likely to continue even in the forecasted period owing to its convenience.

  • According to the Centers for Disease Control and Prevention (CDC), 51.8% of U.S. adults were suffering from chronic diseases and 27.2% of U.S. adults had multiple chronic diseases in 2018. In 2022, 6 in 10 U.S. adults have a chronic disease and 4 in 10 U.S. adults have two or more chronic diseases.  

By Application: Medical consultation segment accounts for the majority share of the North America Healthcare E-commerce market due to the rising demand for electronic health services, medical devices, and drug requirements among consumers as well as health practitioners. Digitalization in the healthcare sector has provided easy access to patients for purchasing medical devices and drugs after online virtual consultations with healthcare providers.

  • In March 2022, Walgreens Boots Alliance, Inc. partnered with Adobe to accelerate customer personalized experience The partnership aims to use Adobe Workfront to make the shopping and healthcare experience more personalized and engaging for consumers and to deliver new digital experiences and content to the expanding online audience.


By End-Users:
The others segment holds the largest market share in the North America healthcare e-commerce market due to the adoption of e-commerce platforms for healthcare products as it offers the home delivery option, same-day delivery, ease of drug or medical device availability, and lower prices. In addition, manufacturers are offering a wide range of products on their e-commerce platform for consumer convenience which will aid in the growth of the segment in the market.

  • In June 2021, Amazon.com, Inc. offered a new service on Amazon Pharmacy for their Prime members to save money by providing six months of prescribed medication for US$ 6. The new option is available for Amazon Prime customers who wish to purchase medication without insurance and helps them save money.


By Geography:
USA accounts for the largest share of the total North America healthcare e-commerce market due to the presence of a large number of key players in the region coupled with an increase in the number of strategic developments by the players to expand its market in North America.

  • In February 2022, Deutsche Post AG planned to invest US$ 400 million into its operational site including Memphis, Tennessee. The aim is to grow its pharmaceutical and medical device network in the U.S.
  • Walgreens Boots Alliance, Inc. announced a multi-year strategic partnership with Verizon, where Verizon Network as a Service (NaaS) will be deployed to deliver an enhanced customer experience to U.S. consumers. The partnership aimed to enhance its digital platform to make a personalized shopping experience for healthcare products for the customers.


Competitive Landscape

The Healthcare E-Commerce market is highly competitive with ~250 players which include globally diversified players, regional players as well as a large number of country-niche players having their own niche in healthcare e-commerce.

Large global players represent about 10% of the market, while country-niche players represent the largest number of competitors. Some of the major players in the market include CVS Health, The Kroger Co., Walgreens Boots Alliance, Inc., General Electric, eBay Inc., Walmart Inc., Amazon.com, Inc., Alibaba Group Holding Limited, Siemens Healthineers AG, ExactCare and Remedi SeniorCare among others.

The leading global healthcare e-commerce companies such as Amazon.com, Inc., Walgreens Boots Alliance, Inc., and General Electric are highly focused on providing a significant number of healthcare products including medical devices and drugs on their online platform/pharmacies.


Recent Developments Related to Major Players

  • In February 2022, CVS Health planned to spend up to US$ 3 Billion on digital features to enhance and improve the consumer experience on their pharmacy site. The company aims to connect consumers in more places and in more ways with its digital-first technology forward approach and planned to offer an enhanced omnichannel health experience.
  • In July 2020, The Kroger Co. received emergency use authorization from FDA for its COVID-19 Test Home Collection Kit. The testing solution offers the safety and convenience of at-home sample collection with the help of expert guidance of a telehealth consultation. In addition, the company also partnered with Gravity Diagnostics to expand the availability of collection kits with the goal of processing up to 60,000 tests per week.

Conclusion

The North America healthcare e-commerce market is forecasted to continue an exponential growth that is witnessed since 2020, during the forecast period also, primarily driven by rising demand for healthcare products and services at the convenience of the home and an increase in investment in the healthcare e-commerce industry for enhancing the digital experience of the end-users is escalating the growth of the market. Though the market is highly competitive with over 250 participants, few global players control the dominant share and regional players also hold a significant share.

 Key Topics Covered in the Report

  • Snapshot of North America Healthcare E-Commerce Market
  • Industry Value Chain and Ecosystem Analysis
  • Market size and Segmentation of North America Healthcare E-Commerce Market
  • Historic Growth of Overall North America Healthcare E-Commerce Market and Segments
  • Competition Scenario of the Market and Key Developments of Competitors
  • Porter’s 5 Forces Analysis of North America Healthcare E-Commerce Industry
  • Overview, Product Offerings, and Strategic Developments of Key Competitors
  • COVID-19 Impact on the Overall North America Healthcare E-Commerce Market
  • Future Market Forecast and Growth Rates of the Total North America Healthcare E-Commerce Market and by Segments
  • Market Size of Application / End-Users Segments with Historical CAGR and Future Forecasts
  • Analysis of Healthcare E-Commerce Market in Major North America Countries
  • Major Production / Consumption Hubs in the Major North America Countries
  • Major Production/Supply and Consumption/Demand Hubs in Each Major Country
  • Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
  • Overview of Notable Emerging Competitor Companies within Each Major Country

Major Companies Profiled in the Report

  • CVS Health
  • The Kroger Co.
  • Walgreens Boots Alliance, Inc.
  • General Electric
  • eBay Inc.
  • Walmart Inc.
  • Amazon.com, Inc.
  • Alibaba Group Holding Limited
  • Siemens Healthineers AG
  • ExactCare
  • Remedi SeniorCare

Notable Emerging Companies Mentioned in the Report

  • Option Care Health, Inc.
  • ModivCare Solutions
  • International SOS
  • Remdi SeniorCare
  • Exactcare Pharmacy
  • WellSky
  • FSA Store

Time Period Captured in the Report

  • Historical Period: 2017-2021
  • Forecast Period: 2022-2027F

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

  • Healthcare E-Commerce Service Companies
  • Healthcare E-Commerce Association
  • Potential Investors in Healthcare E-Commerce Companies
  • Online Pharmacy Service Providers
  • Healthcare Products Providers
  • Healthcare Service Providers
  • Healthcare Solutions Providers
  • Healthcare Database Providers
  • Patients Database Providers
  • Healthcare Companies
  • Ministries of Healthcare
  • Healthcare E-commerce Companies
  • Healthcare Research Organizations
  • E-commerce Health Service Providers
  • Potential Investors in E-commerce Sector

Frequently Asked Questions

  • What is the Study Period of this Market Report?

The North America Healthcare E-Commerce Market is covered from 2017 – 2027 in this report, which includes a forecast for the period 2022-2027.

  • What is the Future Growth Rate of North America Healthcare E-Commerce Market?

The North America Healthcare E-Commerce Market is expected to witness a CAGR of about 15% over the next 8 years.

  • What are the Key Factors Driving the North America Healthcare E-Commerce Market?

Rising internet penetration in the healthcare industry and enhanced use of the internet to access healthcare products including drugs and medical devices coupled with enormous adoption of new technologies in daily life as well as in the healthcare sector are expected to propel the growth of the market.

  • Which is the Largest Application Segment within the North America Healthcare E-Commerce Market?

Medical Consultation holds the largest share of North America’s Healthcare E-Commerce Market.

  • Who are the Key Players in North America Healthcare E-Commerce Market?

include CVS Health, The Kroger Co., Walgreens Boots Alliance, Inc., General Electric, United Parcel Service of America, Inc., Deutsche Post AG, eBay Inc., FedEx, Walmart Inc., Amazon.com, Inc., Alibaba Group Holding Limited, Siemens Healthineers AG, among others are the major companies operating in North America Healthcare E-Commerce Market.

Scope

Scope

  1. 1.    Executive Summary

1.1  Highlights of North America Healthcare E-Commerce Market Historic Growth & Forecast

1.2  Highlights of Market Trends, Challenges, and Competition

1.3  Highlights of Market Revenue Share by Segments

  1. 2.    Market Overview and Key Trends Impacting Growth

2.1  North America Healthcare E-Commerce Market Taxonomy

2.2  Industry Value Chain

2.3  The Ecosystem of Major Entities in North America’s Healthcare E-Commerce Market

2.4  Government Regulations & Developments

2.5  Key Growth Drivers & Challenges Impacting the Market

2.6  COVID-19 Impact on North America’s Healthcare E-Commerce Market

2.7  Total North America Healthcare E-Commerce Market Historic Growth by Segment Type, 2017-2021

2.7.1     By Type

2.7.2     By Application

2.7.3     By End-Users

2.7.4     By Major Countries

2.8  Total North America Healthcare E-Commerce Market Historic Growth by Segment Type, 2017-2021

2.9  Key Takeaways

  1. 3.    Total North America- Market Segmentation by Product Type, Historic Growth, Outlook & Forecasts

3.1  Market Definition - Segmentation by Technology

3.2  Market Revenue Share, Historic Growth, Outlook, and Forecasts by Product Type, 2017-2027

3.2.1     Drugs

3.2.2     Medical Devices

3.2.3     Key Takeaways from Market Segmentation by Technology

  1. 4.    Total North America- Market Segmentation by Application, Historic Growth, Outlook & Forecasts

4.1  Market Definition - Segmentation by Application

4.2  Market Revenue Share, Historic Growth, Outlook, and Forecasts by Application, 2017-2027

4.2.1     Telemedicine

4.2.2     Caregiving Services

4.2.3     Medical Consultation

4.2.4     Non-Prescribed

4.2.5     Key Takeaways from Market Segmentation by Application

  1. 5.    Total North America- Market Segmentation by End-Users, Historic Growth, Outlook & Forecasts

5.1  Market Definition - Segmentation by End-Users

5.2  Market Revenue Share, Historic Growth, Outlook, and Forecasts by End-Users, 2017-2027

5.2.1     Hospitals

5.2.2     Clinics

5.2.3     Pharmacies

5.2.4     Medical Supply & Equipment Stores

5.2.5     Others

5.2.6     Key Takeaways from Market Segmentation by End-Users

  1. 6.    Industry / Competition Analysis - Competitive Landscape

6.1  Types of Players (Competitors) & Business Models

6.2  Porter’s 5 Forces Analysis of North America’s Healthcare E-Commerce Competitors

6.3  Key Developments in the North America Healthcare E-Commerce Sector Impacting Market Growth

6.4  Comparison of Leading Competitors within North America’s Healthcare E-Commerce Market, 2021

6.5  Comparison of Leading Competitors within North America Healthcare E-Commerce Market by Coverage of Type Segments, 2021

6.6  Comparison of Leading Competitors within North America Healthcare E-Commerce Market by Coverage of Application, 2021

6.7  Comparison of Leading Competitors within North America Healthcare E-Commerce Market by Coverage of End-Users Segment, 2021

6.8  Key Takeaways from Competitive Landscape

  1. 7. Key Competitor Profiles (Company Overview, Strategic Developments, Product Offerings)

7.1  CVS Health

7.2  The Kroger Co.

7.3  Walgreens Boots Alliance, Inc.

7.4  General Electric

7.5  eBay Inc.

7.6  Amazon.com, Inc.

7.7  Alibaba Group Holding Limited

7.8  Siemens Healthineers AG

7.9  ExactCare

7.10       Remedi SeniorCare

  1. 8.    Geographic Analysis & Major Countries Market Historic Growth, Outlook, and Forecasts

8.1  Major Countries Comparison of Macroeconomic Factors

8.2  Total North America- Market Revenue Share, Historic Growth, Outlook and Forecasts by Geography, 2017-2027

8.3  Major Countries Market Analysis, Historic Growth, Outlook & Forecasts

8.4  U.S. – Healthcare E-Commerce Market Analysis

8.4.1     Major Production and Consumption Hubs in U.S.

8.4.2     Notable Emerging Healthcare E-Commerce Companies in U.S.

8.4.3     Market Revenue Share, Historic Growth, Outlook and Forecasts by Type, 2017-2027

8.4.4     Market Revenue Share, Historic Growth, Outlook, and Forecasts by Application, 2017-2027

8.4.5     Market Revenue Share, Historic Growth, Outlook, and Forecasts by End-Users, 2017-2027

8.5  Canada – Healthcare E-Commerce Market Analysis

8.5.1     Major Production and Consumption Hubs in Canada

8.5.2     Notable Emerging Healthcare E-Commerce Companies in Canada

8.5.3     Market Revenue Share, Historic Growth, Outlook and Forecasts by Type, 2017-2027

8.5.4     Market Revenue Share, Historic Growth, Outlook, and Forecasts by Application, 2017-2027

8.5.5     Market Revenue Share, Historic Growth, Outlook, and Forecasts by End-Users, 2017-2027

8.6  Mexico – Healthcare E-Commerce Market Analysis

8.6.1     Major Production and Consumption Hubs in the Mexico

8.6.2     Notable Emerging Healthcare E-Commerce Companies in the Mexico

8.6.3     Market Revenue Share, Historic Growth, Outlook and Forecasts by Type, 2017-2027

8.6.4     Market Revenue Share, Historic Growth, Outlook, and Forecasts by Application, 2017-2027

8.6.5     Market Revenue Share, Historic Growth, Outlook, and Forecasts by End-Users, 2017-2027

  1. 9.    Industry Expert’s Opinions/Perspectives

9.1  Notable Statements/Quotes from Industry Experts and C-Level Executives on Current Status and Future Outlook of the Market

10. Analyst Recommendation

10.1 Analyst Recommendations on Identified Major Opportunities and Potential Strategies to Gain from Opportunities

11. Appendix

11.1       Research Methodology - Market Size Estimation, Forecast, and Sanity Check Approach

11.2       Sample Discussion Guide

11.3       Disclaimer

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Products

Products

Key Segments Covered in North America Healthcare E-commerce Market: -

  • North America Healthcare E-commerce Market By Product Type
    • Drugs
    • Medical Devices
  • North America Healthcare E-commerce Market By Application
    • Telemedicine
    • Caregiving Services
    • Medical Consultation
    • Non-Prescribed Drugs

North America Healthcare E-commerce Market By End User Segment

    • Hospitals
    • Clinics
    • Pharmacies
    • Medical Supply & Equipment Stores
    • Individual Buyers
  • North America Healthcare E-commerce Market By Geography
    • USA
    • Canada
    • Mexico
    • Rest of North America

Key Topics Covered in the Report

  • Snapshot of North America Healthcare E-Commerce Market
  • Industry Value Chain and Ecosystem Analysis
  • Market size and Segmentation of North America Healthcare E-Commerce Market
  • Historic Growth of Overall North America Healthcare E-Commerce Market and Segments
  • Competition Scenario of the Market and Key Developments of Competitors
  • Porter's 5 Forces Analysis of North America Healthcare E-Commerce Industry
  • Overview, Product Offerings, and Strategic Developments of Key Competitors
  • COVID-19 Impact on the Overall North America Healthcare E-Commerce Market
  • Future Market Forecast and Growth Rates of the Total North America Healthcare E-Commerce Market and by Segments
  • Market Size of Application / End-Users Segments with Historical CAGR and Future Forecasts
  • Analysis of Healthcare E-Commerce Market in Major North America Countries
  • Major Production / Consumption Hubs in the Major North America Countries
  • Major Production/Supply and Consumption/Demand Hubs in Each Major Country
  • Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
  • Overview of Notable Emerging Competitor Companies within Each Major Country

Time Period Captured in the Report

  • Historical Period: 2017-2021
  • Forecast Period: 2022-2027F

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

  • Healthcare E-Commerce Service Companies
  • Healthcare E-Commerce Association
  • Potential Investors in Healthcare E-Commerce Companies
  • Online Pharmacy Service Providers
  • Healthcare Products Providers
  • Healthcare Service Providers
  • Healthcare Solutions Providers
  • Healthcare Database Providers
  • Patients Database Providers
  • Healthcare Companies
  • Ministries of Healthcare
  • Healthcare E-commerce Companies
  • Healthcare Research Organizations
  • E-commerce Health Service Providers
  • Potential Investors in E-commerce Sector


Companies

Companies Mentioned in the Report

  • Key Competitors Profiled in the Report
    • CVS Health
    • The Kroger Co.
    • Walgreens Boots Alliance, Inc.
    • General Electric
    • eBay Inc.
    • Walmart Inc.
    • Amazon.com, Inc.
    • Alibaba Group Holding Limited
    • Siemens Healthineers AG
    • ExactCare
    • Remedi SeniorCare
  • Notable Emerging Companies Mentioned in the Report
    • Option Care Health, Inc.
    • ModivCare Solutions
    • International SOS
    • Remdi SeniorCare
    • Exactcare Pharmacy
    • WellSky
    • FSA Store

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