The recently published analytical report description by renowned consulting, data analytics, and market research firm, Markntel Advisors describes, growth factors, prominent players' potential & recent achievements and forecasts their expected market influence in the upcoming years. The concerned report description demonstrates the operation of the players including new launching of innovative products, strategic collaborations, or partnerships, that bolster the growth of the UAE E-Pharmacy market. One of the leading market players Aster Pharmacy in the UAE has teamed up with Talabat UAE to offer prescription medicine purchases through the Talabat app starting February 2023. Customers can upload prescriptions for delivery within 90 minutes and also buy OTC medicines and Health and Wellness items with delivery in 30 minutes or less.

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The report further comprises “UAE E-Pharmacy Market Research Report: Forecast (2024-2030)”, According to the report, the UAE E-Pharmacy Market is estimated to grow at a CAGR of around 15.2% during the forecast period, i.e., 2024-30. The market growth has been supported by the rising internet penetration, busy lifestyles, and the convenience offered by online shopping.

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Leading Segmentation Analysis Based On Product Type and Drug Delivery

The UAE E-Pharmacy market is segmented into five segments, drug type, operating platform, delivery mode, product type, and region

·         Based on Drug type, the market is segmented into Over-the-Counter [OTC] Drugs and Prescription Drugs

·         Based on Product Type, the market is segmented into Cold & Flu, Vitamins & Minerals, Skin Care, Hair Care, Weight Loss, Dental, ENT, Heart Care, and Others

·         Based on Operating platform, the market is segmented into Website, and Applications

·         Based on Delivery Mode, the market is segmented into direct, pharmacy, and marketplace

Key Takeaways

• Customization: XX%
• Study Period: UAE E-Pharmacy market report historical data – 2019-22, Base year –2023, and Forecast Period- 2024-2030. 
• Market Growth: The UAE E-Pharmacy market is estimated to grow at a CAGR of around 15.2% during the forecast period, i.e., 2024-2030.

·         Growth Driver: The UAE E-Pharmacy market is expected to expand with the Surging Internet & Smartphone Penetration

• Growth Challenge: The UAE E-Pharmacy market is expected to be hampered owing to the Existence of Counterfeit Drugs & Fraudulent Online Pharmacies
• By Drug Type: The Over-the-Counter (OTC) Drugs segment led the market segment owing to the growing emphasis on self-care and wellness among consumers
• By Product Type: The Cold & Flu care drugs segment led the market segment owing to the prevalence of cold and flu symptoms increasing across the country

Frequently Asked Questions (FAQs)-

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What leading factors would propel and impede the industry across the region?
4. How has the industry been evolving in terms of geography & UAE E-Pharmacy adoption?
5. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

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