Press Release

The UAE E-Pharmacy Market to Thrive Amidst Rising Penetration of the Internet & Smartphones

The UAE E-Pharmacy Market size is projected to grow at a CAGR of around 15.2% during the forecast period of 2024-30, cites MarkNtel Advisors in the recent research report. The surge in market growth has been attributed to increased internet penetration, busy lifestyles, and the convenience provided by online purchasing to individuals. In addition, with the larger presence of a tech-savvy population & proactive government measures, the UAE has witnessed a remarkable surge in internet accessibility. Consequently, with this tech-forward populace, consumers have been increasingly resorting to e-pharmacy platforms to purchase drugs, healthcare products, and wellness items from the convenience of their own homes or offices, which is strengthening the country's e-pharmacy business.

Also, the increased availability of high-speed internet has facilitated smooth online transactions, enabling users to explore a wide array of medicines & pharmaceutical products from the comfort of their homes. Consequently, the UAE E-Pharmacy Market is experiencing a notable upswing. Furthermore, the burgeoning preference for online platforms and doorstep deliveries is driving further growth in the market. Advantages such as competitive pricing, swift deliveries, and an extensive product range have further influenced the rapid usage of e-commerce platforms.

Additionally, the UAE government's commitment to catalyzing the digital health revolution is a significant factor that is expected to boost the growth of the UAE E-Pharmacy Market. Along with this, initiatives like the UAE Vision 2021 and the Dubai Health Strategy 2021 aimed to digitalize and elevate the healthcare sector. Also, regulatory frameworks, such as the Telemedicine Regulation by the Dubai Health Authority (DHA), provide a robust foundation to adopt telehealth services. Hence, these efforts for the digital health revolution across the country are expected to consequently boost the adoption of e-pharmacy platforms to provide comprehensive healthcare solutions and drug delivery assistance, further states the research report, “The UAE E-Pharmacy Market Analysis, 2024.”

The UAE E-Pharmacy Market Segmentation Analysis

Over-the-Counter (OTC) Drugs Segment to Hold Major Market Share

Based on the drug type, the market is segmented into Over-the-Counter Drugs and Prescriptive Drugs. Among them, the Over-the-Counter Drug segment is expected to account for the majority of the market share owing to consumers' rising emphasis on self-care and well-being, which has boosted the popularity of OTC products for managing minor ailments & preventative healthcare. Furthermore, the COVID-19 epidemic has hastened the usage of over-the-counter drugs, as consumers seek remedies to common health issues without consulting a doctor.

Furthermore, in recent years, the e-pharmacy platforms have been expanding their OTC product offerings, including vitamins, supplements, skincare items, and pain medications, to meet a wide range of consumer demands & preferences, which has been accelerating segment growth across the UAE E-Pharmacy Market.

Cold & Flu Segment is Anticipated to Account for a Prominent Market Share

Based on product type, the market is bifurcated into, Cold & Flu, Vitamins & Minerals, Skin Care, Hair Care, Weight Loss, Dental, ENT, Heart Care, and Others (Baby Care, Maternity Care, etc.). Among these offerings, the demand for cold & flu care drugs has witnessed a notable uptick. The convenience and accessibility offered by e-pharmacy platforms have facilitated easy access to over-the-counter cold & flu medications, further driving market growth.

Additionally, the increasing uptake of telemedicine platforms is anticipated to boost the demand for cold and flu-related pharmaceuticals through e-pharmacy channels. This trend will further enhance segment growth in the UAE E-Pharmacy Market.

The UAE E-Pharmacy Market Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, Aster Pharmacy (Aster Online), Medicina Online Pharmacy, BinSina Pharmacy, Lifepharmacy, Medisouq, Medilife Pharmacy, Boots Pharmacy, SahaJamal Pharmacy, Al Manara Pharmacy, Nextdoormed, 800 Pharmacy and others are looking forward to strengthening their market position.

Key Questions Answered in the Research Report

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 UAE E-Pharmacy Market?
3. What key factors would propel and impede the industry across the UAE?
4. How has the industry been evolving in terms of geography & solution adoption?
5. How has the competition been shaping across various regions?
6. How has the buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2019-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?