Mail Order Pharmacy Market Size, Trends and Growth Analysis by 2027

The mail order pharmacy sector was valued at approximately US$ 48,977 million in 2019 and is anticipated to grow significantly, reaching around US$ 166,384.85 million by 2027. This growth represents a compound annual growth rate (CAGR) of 16.5% from 2020 to 2027.

Several key factors are driving the expansion of this market, including the rising prevalence of chronic illnesses and the increasing integration of mail order pharmacies within the healthcare system. Furthermore, there is a notable surge in investments directed towards mail order pharmacy startups, which is expected to contribute positively to market growth throughout the forecast period.

Despite these positive trends, the market faces challenges, particularly in low- and middle-income countries where adoption rates remain low. Additionally, nations in the Asia-Pacific (APAC) region are grappling with the ongoing effects of the COVID-19 pandemic. The disruption of supply chains, coupled with a heightened demand for effective COVID-19 treatments, has placed significant strain on the healthcare research sector in this region. Nevertheless, the pandemic has led to a greater awareness among consumers and healthcare professionals regarding the benefits of mail order pharmacies, which is likely to boost demand in the coming years.

The global mail order pharmacy market can be categorized based on drug type, product offerings, and ordering methods. In terms of drug type, the market is divided into prescription drugs and non-prescription drugs. In 2019, the non-prescription drugs segment commanded a larger market share; however, the prescription drugs segment is projected to experience a higher CAGR during the forecast period.

When examining the product categories, the mail order pharmacy market includes segments such as diabetes medications, asthma treatments, blood pressure drugs, cardiovascular medications, cold and flu remedies, antacids, pain relief medications, dermal care products, and others. The dermal care segment was the largest in terms of market share in 2019, but the diabetes segment is expected to achieve the highest CAGR in the upcoming years.

Regarding the mode of order, the market is divided into online stores and pharmacy applications. The online stores segment held a significant share of the market in 2019; however, pharmacy apps are projected to see a higher CAGR from 2020 to 2027.

Key organizations such as the World Health Organization (WHO), the Centers for Disease Control and Prevention (CDC), and the Canadian Pharmacists Association are among the primary and secondary sources referenced in this report.