GCC E-pharmacies Market Research Report: Forecast (2021-2026)

marknteladvisors.com

GCC E-Pharmacies Market Analysis, 2021

Document Outline

Table of Content Market Segmentation, Scope of Work

Research Process & Methodology Key questions answered in the report, Research process, Primary Research, Secondary Research, Respondent Profile

Sample Pages GCC E-Pharmacies Market Analysis 2021

Commercials Company Profile About the company

Contact Details

Copyright 2021. Reproduction is forbidden unless authorized. All rights reserved.

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Market Segmentation GCC E-Pharmacies Market Segmentation

By Drug Type

By Product Type

By Country

By Delivery Model

• Over-the-Counter (OTC) Drugs

• Cold and Flu

• Saudi Arabia

• Direct

• Prescription Drugs

• Vitamins

• UAE

• Pharmacy

• Skin Care

• Qatar

• Marketplace

• Weight Loss

• Oman

• Dental

• Bahrain

• Others (Baby Care, Maternity

• Kuwait

Care, etc.)

By Operating Platform

By Company (Partial List)

• Website

• Care n Cure Pharmacy

• Four Seasons Pharmacy LLC

• App

• Wellcare Pharmacy

• MediSouq

• Al-Dawaa Pharmacies (DMSCO)

• BinSina

• Kulud Pharmacy

• Nasser Pharmacy W.L.L.

• Aster Pharmacy (Aster Online)

• Nahdi Pharmacy (Nahdi Medical

• Al Mutawa Pharmacies, Inc.

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Company)

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Table of Content (1/6) Table of Content 1. Introduction 1.1. Product Definition 1.2. Research Process 1.3. Market Segmentation 1.4. Assumptions 2. Preface 3. Executive Summary 4. Impact of COVID-19 on GCC E-Pharmacies Market 5. GCC E-Pharmacies Market Outlook, 2016-2026F 5.1. Market Size & Analysis 5.1.1.Revenues 5.2. Market Share & Analysis 5.2.1.By Drug Type 5.2.1.1. Over-the-Counter (OTC) Drugs 5.2.1.2. Prescription Drugs 5.2.2.By Product Type 5.2.2.1. Cold and Flu 5.2.2.2. Vitamins 5.2.2.3. Skin Care 5.2.2.4. Weight Loss Copyright 2021. Reproduction is forbidden unless authorized. All rights reserved.

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Table of Content (2/6) Table of Content 5.2.2.5. Dental 5.2.2.6. Others (Baby Care, Maternity Care, etc.)

5.2.3.By Operating Platform 5.2.3.1. Website 5.2.3.2. App 5.2.4.By Delivery Model 5.2.4.1. Direct 5.2.4.2. Pharmacy 5.2.4.3. Marketplace 5.2.5.By Country 5.2.5.1. UAE 5.2.5.2. Saudi Arabia 5.2.5.3. Bahrain 5.2.5.4. Oman 5.2.5.5. Qatar 5.2.5.6. Kuwait 5.2.6.By Company 5.2.6.1. Competition Characteristics 5.2.6.2. Market Share & Analysis 5.2.6.3. Competitive Matrix Copyright 2021. Reproduction is forbidden unless authorized. All rights reserved.

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Table of Content (3/6) Table of Content 6. UAE E-Pharmacies Market Outlook, 2016-2026F 6.1. Market Size & Analysis 6.1.1.Revenues 6.2. Market Share & Analysis 6.2.1.By Drug Type 6.2.2.By Product Type 6.2.3.By Operating Platform 6.2.4.By Delivery Model 7. Saudi Arabia E-Pharmacies Market Outlook, 2016-2026F 7.1. Market Size & Analysis 7.1.1.Revenues 7.2. Market Share & Analysis 7.2.1.By Drug Type 7.2.2.By Product Type 7.2.3.By Operating Platform 7.2.4.By Delivery Model 8. Bahrain E-Pharmacies Market Outlook, 2016-2026F 8.1. Market Size & Analysis 8.1.1.Revenues 8.2. Market Share & Analysis Copyright 2021. Reproduction is forbidden unless authorized. All rights reserved.

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Table of Content (4/6) Table of Content 8.2.1.By Drug Type 8.2.2.By Product Type 8.2.3.By Operating Platform 8.2.4.By Delivery Model 9. Oman E-Pharmacies Market Outlook, 2016-2026F 9.1. Market Size & Analysis 9.1.1.Revenues 9.2. Market Share & Analysis 9.2.1.By Drug Type 9.2.2.By Product Type 9.2.3.By Operating Platform 9.2.4.By Delivery Model 10. Qatar E-Pharmacies Market Outlook, 2016-2026F 10.1. Market Size & Analysis 10.1.1. Revenues 10.2. Market Share & Analysis 10.2.1. By Drug Type 10.2.2. By Product Type 10.2.3. By Operating Platform 10.2.4. By Delivery Model Copyright 2021. Reproduction is forbidden unless authorized. All rights reserved.

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Table of Content (5/6) Table of Content 11. Kuwait E-Pharmacies Market Outlook, 2016-2026F 11.1. Market Size & Analysis 11.1.1. Revenues 11.2. Market Share & Analysis 11.2.1. By Drug Type 11.2.2. By Product Type 11.2.3. By Operating Platform 11.2.4. By Delivery Model 12. GCC E-Pharmacies Market Dynamics 12.1. Growth Drivers 12.2. Challenges 12.3. Impact Analysis 13. GCC E-Pharmacies Market Policies, Regulations, Product Standards 14. GCC E-Pharmacies Market Trends & Insights 15. GCC E-Pharmacies Market Hotspot & Opportunities 16. GCC E-Pharmacies Market Key Strategic Imperatives for Success & Growth 17. Competition Outlook 17.1. Competition Matrix 17.1.1. Product/ Solution Portfolio 17.1.2. Target Markets Copyright 2021. Reproduction is forbidden unless authorized. All rights reserved.

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Table of Content (6/6) Table of Content 17.1.3. Research & Development 17.1.4. Strategic Alliances 17.1.5. Strategic Initiatives 17.2. Company Profiles of Top Companies 17.2.1. Business Description, 17.2.2. Product Segments, 17.2.3. Business Segments, 17.2.4. Financials, 17.2.5. Strategic Alliances/ Partnerships, 17.2.6. Future Plans 18. Disclaimer

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Document Outline

Table of Content Market Segmentation, Scope of Work

Research Process & Methodology Key questions answered in the report, Research process, Primary Research, Secondary Research, Respondent Profile

Sample Pages GCC E-Pharmacies Market Analysis 2021

Commercials Company Profile About the company

Contact Details

Copyright 2021. Reproduction is forbidden unless authorized. All rights reserved.

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GCC E-Pharmacies Market Outlook, 2016-2026F

Copyright 2021. Reproduction is forbidden unless authorized. All rights reserved.

GCC E-Pharmacies Market Analysis, 2016-2026F Figure XX: GCC E-Pharmacies Industry Revenues (USD Million), 2016- 2026F

2016

2017

2018

Revenue: XX%

CAGR

CAGR

Revenue: XX%

2019

2020

2021F

2022F

2023F

2024F

2025F

2026F

Source: MarkNtel Advisors, E: Estimated, F: Forecast

Market at a Glance • GCC E-Pharmacies market is experiencing massive growth owing to shifting consumer preference towards convenience in product buying.

Besides, the growing trend of digitalization, rising awareness about e-pharmacies, and rising burden of healthcare costs are changing the

consumers' behaviors from traditional buying to e-pharmacies in the gulf countries.

• The growth in developing chronic diseases and the requirement for a long medication schedule is anticipated to boost the adoption of epharmacy in the coming years. Furthermore, the imposed lockdown due to COVID-19 has restricted the individuals' movement in the country. Hence, the consumers' drive towards online purchasing has been rising in the region. These are factors that would support the GCC market to grow at a CAGR of XX% during the forecast years 2021-26.

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GCC E-Pharmacies Market, By Drug Type (1/4) Figure XX: GCC E-Pharmacies Market Revenue Share (%) 2020 & 2026, & Market Revenue (USD Million), By Drug Type, 2016- 2026F

Market Share, By Drug Type

Market Size, By Drug Type (USD Million)

Inner Circle: 2020; Outer Circle: 2026

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

2026

Over-theCounter (OTC) Drugs

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

Prescription Drugs

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

Over-the-Counter (OTC) Drugs Prescription Drugs *These are dummy charts and do not represent actual value

Source: MarkNtel Advisors

Introduction • GCC E-Pharmacies market is divided by drug type into over-the-counter and prescription drugs. The demand for over-the-counter drugs due to inexpensive cost and easy availability, elimination of prescription requirement has been mushrooming the sales through epharmacy in the region over the past few years.

• While the growing awareness regarding product availability and fewer side effects compared to over-the-counter drugs are mounting

demand for prescription drugs, which, in turn, the procurement of such drugs through online channels is driving since 2016.

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GCC E-Pharmacies Market, By Product Type (1/4) Figure XX: GCC E-Pharmacies Market Revenue Share (%) 2020 & 2026, & Market Revenue (USD Million), By Product Type, 2016- 2026F

Market Share, By Product Type

Market Size, By Product Type (USD Million)

Inner Circle: 2020; Outer Circle: 2026

Cold and Flu

Vitamins

Skin Care

Weight Loss

Dental

Others

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

2026

Cold and Flu

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

Vitamins

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

Skin Care

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

Weight Loss

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

Dental

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

Others

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

*These are dummy charts and do not represent actual value

Source: MarkNtel Advisors

Market Insights • Cold and Flu, Vitamins, Skin Care, Weight Loss, Dental, and others, are the product type segments in the e-pharmacy market of GCC region.

The growing popularity of online purchasing among adults aged 26 to 40 years in the GCC countries, particularly in UAE and Saudi Arabia is propelling the demand for products comprise cold and flu, vitamins, weight loss over the last few years.

• The simplifying government regulation and government aim to improve e-pharmacy under Saudi Vision 2030 are factors that expected to

add the availability of cold and flu, vitamins, skincare, and weight loss drugs in a wide range. Thereby, anticipated that such segments Copyright 2021. Reproduction is forbidden unless authorized. All rights reserved.

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GCC E-Pharmacies Market, Growth Analysis By Product Type (3/4) Figure XX: GCC E-Pharmacies Market Opportunity Metrix, By Revenues By Product Type, 2021-26 100%

XX Growth, XX Market Share

High

Market Share Analysis • XX

Market Share (%)

XX

• XX

50%

XX XX

• XX

XX XX 0%

XX

Low 0%

High 13%

25%

• XX

CAGR 2021-2026F Source: MarkNtel Advisors,

Copyright 2021. Reproduction is forbidden unless authorized. All rights reserved.

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GCC E-Pharmacies Market, By Operating Platform (1/4) Figure XX: GCC E-Pharmacies Market Revenue Share (%) 2020 & 2026, & Market Revenue (USD Million), By Operating Platform, 20162026F

Market Share, By Operating Platform

Market Size, By Operating Platform (USD Million)

Inner Circle: 2020; Outer Circle: 2026

Website

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

2026

Website

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

App

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

App

*These are dummy charts and do not represent actual value

Source: MarkNtel Advisors

E-pharmacies App is Gaining Popularity in the Region • GCC E-Pharmacies market bifurcated by operating platform into website and App. The growth in disposable income coupled with rising healthcare expenditure in the region attracting customers to procure healthcare drugs through apps due to ease of use, detailed information accessibility about products, and availability of various mobile applications by several pharmacies. Therefore, it is expected that the app segment would register a CAGR XX% during the forecast years 2021-26.

• Website segment would reach USD XX million by 2026 due to driving procurement of over the counter drugs in countries such as UAE, Copyright 2021. Reproduction is forbidden unless authorized. All rights reserved.

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GCC E-Pharmacies Market, Growth Analysis By Delivery Model (3/4) Figure XX: GCC E-Pharmacies Market Opportunity Metrix, By Revenues By Delivery Model, 2021-26 100%

XX Growth, XX Market Share

High

Market Share Analysis

Market Share (%)

XX

• XX

50%

• XX

• XX XX 0%

Low 0%

High 13%

25%

• XX CAGR 2021-2026F Source: MarkNtel Advisors,

Copyright 2021. Reproduction is forbidden unless authorized. All rights reserved.

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GCC E-Pharmacies Market, By Competition- Competition Characteristics Table XX: GCC E-Pharmacies Market Competition Characteristics, 2020 Sr. No.

Name XX XX XX XX

1.

Competition Concentration Highlights

• • • •

2.

Number of Companies in the Market

• XX+

3.

Competitive Factors

• XX • XX • XX

4.

Key End User Groups

• Patients, XX, XX

5.

Major Market Participants

•

6.

Market Share of Top 5 Competitors

• X%

7.

Other Notable Participants

• XX, XX, XX, XX

8.

Notable Strategic Events

• XX

XX, XX, XX, XX, XX

Source: MarkNtel Advisors,

Copyright 2021. Reproduction is forbidden unless authorized. All rights reserved.

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GCC E-Pharmacies Market Revenue Share, By Company Figure XX: GCC E-Pharmacies Market Revenue Share (%), By Company, 2020

Others (USD XX Million)

Aster Pharmacy (USD XXX Million)

 XX

 The company offers healthcare products in XX

 XX

several categories such as nutrition, beauty, personal care, etc.

XX

 XX

 XX  XX

XX

XX (USD XX Million)

XX

USD XX Billion

 XX

XX (USD XXX Million)  XX

 XX

 XX

 XX

 XX XX XX

XX (USD XXX Million)

XX (USD XXX Million)

 XXX

 XX

 XXX

 XX

 XXX

 XX Source: MarkNtel Advisors Primary Surveys, Annual Reports, Press Releases

Copyright 2021. Reproduction is forbidden unless authorized. All rights reserved.

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GCC E-Pharmacies Market, By Competition- Competitive Metrix Potential Challengers

Market Leaders

XX XX XX XX

Existing Capabilities to Execute

XX

XX

XX XX

XX

XX XX

XX

Market Dormants Portfolio Completeness & Innovation

Copyright 2021. Reproduction is forbidden unless authorized. All rights reserved.

Market Transients/ Visionaries Source: MarkNtel Advisors

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UAE E-Pharmacies Market Outlook, 2016-2026F

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UAE E-Pharmacies Market Analysis, 2016-2026F Figure XX: UAE E-Pharmacies Industry Revenues (USD Million), 2016- 2026F

2016

2017

2018

Revenue: XX%

CAGR

CAGR

Revenue: XX%

2019

2020

2021F

2022F

2023F

2024F

2025F

2026F

Source: MarkNtel Advisors, E: Estimated, F: Forecast

UAE Market Overview • UAE is among the major countries which has already gained the GCC market over the past few years. E-Pharmacies enable accessibility of a wide range of products and assist individuals to save time and money, these factors are influencing individuals to purchase healthcare

products through the internet in the country.

• The aging population has a high probability of developing several types of acute and chronic diseases, and their reluctance to visit offline pharmacies at faraway locations. In 2019, the country witnessed around 0.1 million individuals aged 65 years or above, which is expected to reach about 0.5 million by 2030 as reported by the United Nations. The burgeoning elder population and unavailability of offline pharmacies at nearby locations encouraging customers toward online pharmacies in UAE. Copyright 2021. Reproduction is forbidden unless authorized. All rights reserved.

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UAE E-Pharmacies Market, By Drug Type (1/4) Figure XX: UAE E-Pharmacies Market Revenue Share (%) 2020 & 2026, & Market Revenue (USD Million), By Drug Type, 2016- 2026F

Market Share, By Drug Type

Market Size, By Drug Type (USD Million)

Inner Circle: 2020; Outer Circle: 2026

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

2026

Over-theCounter (OTC) Drugs

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

Prescription Drugs

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

Over-the-Counter (OTC) Drugs Prescription Drugs *These are dummy charts and do not represent actual value

Source: MarkNtel Advisors

E-Pharmacies is Gaining Traction for OTC Drug Purchasing in UAE • The demand for over-the-counter (OTC) drugs through e-pharmacy is rising in the country. The factors comprise growing self-medication by patients, availability of several OTC medicines on online portals, and aggressive promotions of such drugs through manufacturers and distributors are propelling the segment growth. Hence, the OTC drugs segment is experiencing significant market growth since 2016.

• The growing trend of telemedicine driving the recommendation of prescribed drugs in the country, which, in turn, the sales of these

medicines through e-pharmacy is augmenting over the last couple of years.

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UAE E-Pharmacies Market, Growth Analysis By Product Type (3/4) Figure XX: UAE E-Pharmacies Market Opportunity Metrix, By Revenues By Product Type, 2021-26 100%

XX Growth, XX Market Share

High

Market Share Analysis

Market Share (%)

XX

• XX

50%

• XX XX XX XX

• XX

XX 0%

XX

Low 0%

High 13%

25%

• XX CAGR 2021-2026F Source: MarkNtel Advisors,

Copyright 2021. Reproduction is forbidden unless authorized. All rights reserved.

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UAE E-Pharmacies Market, By Operating Platform (1/4) Figure XX: UAE E-Pharmacies Market Revenue Share (%) 2020 & 2026, & Market Revenue (USD Million), By Operating Platform, 20162026F

Market Share, By Operating Platform

Market Size, By Operating Platform (USD Million)

Inner Circle: 2020; Outer Circle: 2026

Website

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

2026

Website

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

App

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

App

*These are dummy charts and do not represent actual value

Source: MarkNtel Advisors

UAE Overview, By Operating Platform • Website and App operating models both are gaining traction in the UAE for e-pharmacy. The app segment is anticipated to reach USD XX million with a growth of XX% CAGR during the forecast years. The embed of advanced technologies such as artificial intelligence, machine learning, etc., in e-pharmacy apps, enable individuals to get recommendations on new products and search products with the utilization of in-built image recognition tools. Therefore, the demand app is generating in the country over the last couple of years.

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UAE E-Pharmacies Market, Growth Analysis By Delivery Model (3/4) Figure XX: UAE E-Pharmacies Market Opportunity Metrix, By Revenues By Delivery Model, 2021-26 100%

XX Growth, XX Market Share

High

Market Share Analysis • XX

Market Share (%)

XX

• XX

50%

• XX XX 0%

Low 0%

High 13%

25%

• XX

CAGR 2021-2026F Source: MarkNtel Advisors,

Copyright 2021. Reproduction is forbidden unless authorized. All rights reserved.

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Document Outline

Table of Content Market Segmentation, Scope of Work

Research Process & Methodology Key questions answered in the report, Research process, Primary Research, Secondary Research, Respondent Profile

Sample Pages GCC E-Pharmacies Market Analysis 2021

Commercials Company Profile About the Company

Contact Details

Copyright 2021. Reproduction is forbidden unless authorized. All rights reserved.

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+1 (613) 707-5086, +91 8719999009 sales@marknteladvisors.com

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