Market overview: GCC e-pharmacy market
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GCC E-Pharmacy Market Insights 2023-28
The GCC E-pharmacy market is estimated to grow at a CAGR of approximately 9% during the forecast period 2023-2028.
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Driving Innovation: Exploring the GCC E-Pharmacy Market and its Key Drivers
Driver of growth: increasing consumer dependence on e-commerce
The rapid adoption of the Internet and smartphones has led to a significant increase in the use of e-commerce platforms over the past few years, which offer numerous benefits such as discounted rates, fast home delivery, and a wide range of product options. This boom in the e-commerce sector has had a direct impact on the e-pharmacy business as companies operating in the industry have been able to reach a wide consumer base. Additionally, technological advancements have enabled organizations to offer better and more innovative services to increase the satisfaction of users visiting their portals. Therefore, these aspects are projected to increase the GCC E-Pharmacies market size from 2023 to 2028.
Top players in the GCC e-pharmacy market:
-Cairn Cure Pharmacy
-Wellcare Pharmacy
-vincina
・Aster Pharmacy (Aster Online)
-Almutawa Pharmacy Co., Ltd.
-Medi Souk
-Kurdish Pharmacy
-Nahdi Pharmacy (Nahdi Medical Company)
-Medicina Pharmacy
-Nacelle Pharmacy WLL
-Others (Nextdoor Med, etc.)
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GCC E-Pharmacy Market Segmentation Analysis
GCC E-pharmacies Market accurately assesses and highlights key trends and influencing factors within each segment. A comprehensive analysis focuses on the country landscape and extends the forecast for the period 2023-28. The market is accurately segmented on the basis of this analysis, which provides valuable insights into its various aspects.
By drug type
-Over-the-counter medicine (OTC)
-Prescription drugs
By product type
-colds and flu
-vitamin
-skin care
-Weight loss
-Dental
-Others (baby care, maternity care, etc.)
· Among others, cold and flu are the major revenue sources for the GCC e-pharmacy market.
By operating platform
-Website
-application
By delivery mode
-directly
-pharmacy
-market
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Comprehensive geographic analysis:
By country
-Saudi Arabia
- United Arab Emirates
-Qatar
-Kuwait
-Bahrain
-Oman
· Among the GCC countries, the UAE is expected to capture a large share of the e-pharmacy market from 2023 to 2028.
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