Qatar ePharmacy Market

Qatar ePharmacy Market Overview:

The Qatar ePharmacy market size reached US$ 227.7 Million in ​2023​. Looking forward, IMARC Group expects the market to reach US$ 879.5 Million by ​2032​, exhibiting a growth rate (CAGR) of 16.36% during 2024-2032. The market is driven by the increasing internet penetration, rising smartphone usage, the growing awareness regarding ePharmacy benefits, expansion of digital payment options, growing government support for digital healthcare, continual technological advancements in e-commerce, and an increased demand for over-the-counter drugs.

Qatar ePharmacy Market Trends:

Rising internet penetration

The growing accessibility of the internet and online commercial platforms has provided various lucrative opportunities for ePharmacy market to build a large customer base in Qatar. Furthermore, the young generation population heavily relies on online shopping for products like cosmetics and over-the-counter pharmaceuticals. With a significant increase in internet penetration, more consumers are turning to digital solutions for their healthcare needs. This trend is particularly prominent among the younger generation, who heavily rely on online shopping for products like cosmetics and over-the-counter pharmaceuticals. The convenience of browsing and purchasing products from the comfort of their homes, combined with the availability of detailed product information and user reviews, has made ePharmacy an attractive option. Additionally, the COVID-19 pandemic has further accelerated the shift towards online healthcare services, as consumers seek safer and more convenient ways to access medications and health-related products.

The efficiency of ePharmacies in delivering low-cost medical products and expansion of e-commerce

A significant number of patients prefer home delivery of healthcare products due to the unavailability of certain medications in retail pharmacies. ePharmacies also reduces the reliance of chronically ill patients and elderly individuals on others for obtaining medicines and healthcare supplies. Furthermore, the growing internet penetration and increased digital literacy are anticipated to enhance market sales. The expansion of e-commerce has enabled ePharmacies to attract a broad customer base in both developed and developing countries. Millennials, in particular, are increasingly dependent on online purchases for products like cosmetics and over-the-counter medications. Additionally, numerous startups are emerging worldwide, leveraging new information technologies and algorithms to provide an improved consumer experience and satisfaction. Advanced technologies based on artificial intelligence are expected to further enhance customer satisfaction.

Growing preference for online pharmacies

An increase in online medicine sales has caused significant expansion in the pharmacy market. The growth of mail orders and online pharmacies is another major factor that has the potential to have a significant impact on pharmacy service structures and medicine costs. The COVID-19 pandemic has had a major effect on consumer purchasing behavior. It has induced more individuals to buy healthcare products from online retailers or ePharmacies. People look for convenience, dependability, and affordability in every e-transaction. They are already at ease in purchasing categories such as food and clothes from online retailers. They are now seeking the same level of service for other categories (OTC, medical devices, and prescription medicines). Hence, the trend of online pharmacies is anticipated to increase during the forecast period.

Qatar ePharmacy Market News:

• April 3, 2024:  Aster DM Healthcare Limited announced the successful separation of its GCC and India businesses into two distinct and standalone entities. Under the separation plan, a consortium of investors led by Fajr Capital, a sovereign-backed private equity firm, has acquired a 65% stake in Aster GCC, with the Moopen family retaining a 35% stake alongside management and operational rights.
• May 20, 2024: Boots Online Doctor launched a new Skin Condition Diagnosis service offering patients a convenient way to access expert advice and diagnosis of common skin conditions, such as psoriasis, eczema, dermatitis, acne, and rosacea, without the need for a GP appointment.

Qatar ePharmacy Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on drug type, product type, platform, and payment method.

Drug Type Insights:

• Over the Counter (OTC) Drugs
• Prescription Drugs
   

The report has provided a detailed breakup and analysis of the market based on the drug type. This includes over the counter (OTC) drugs and prescription drugs.

Product Type Insights:

• Skin Care
• Dental
• Cold and Flu
• Vitamins
• Weight Loss
• Others
   

A detailed breakup and analysis of the market based on the product type have also been provided in the report. This includes skin care, dental, cold and flu, vitamins, weight loss, and others.

Platform Insights:

• App-Based
• Web-Based
   

The report has provided a detailed breakup and analysis of the market based on the platform. This includes app-based and web-based.

Payment Method Insights:

• Cash on Delivery
• Online Payment
   

A detailed breakup and analysis of the market based on the payment method have also been provided in the report. This includes cash on delivery and online payment.

Regional Insights: 

• Ad Dawhah
• Al Rayyan
• Al Wakrah
• Others
   

The report has also provided a comprehensive analysis of all the major regional markets, which include Ad Dawhah, Al Rayyan, Al Wakrah, and Others.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Qatar ePharmacy Market Report Coverage:

Key Questions Answered in This Report:

• How has the Qatar epharmacy market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the Qatar epharmacy market?
• What is the breakup of the Qatar epharmacy market on the basis of drug type?
• What is the breakup of the Qatar epharmacy market on the basis of product type?
• What is the breakup of the Qatar epharmacy market on the basis of platform?
• What is the breakup of the Qatar epharmacy market on the basis of payment method?
• What are the various stages in the value chain of the Qatar epharmacy market? 
• What are the key driving factors and challenges in the Qatar epharmacy?
• What is the structure of the Qatar epharmacy market and who are the key players?
• What is the degree of competition in the Qatar epharmacy market?

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Qatar epharmacy market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Qatar epharmacy market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Qatar epharmacy industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.