Mail Order Pharmacy Product is developed as an alternative way of purchasing medicine in community pharmacies. Many people believe that mail-order drugs can mainly provide convenience for patients who have been taking chronic drugs for a long time and those who do not have access to community pharmacies to buy drugs. Moreover, mail-order drugs can also reduce the cost of purchasing drugs.
According to the variety, specification, indication, dosage and route of administration, drugs are often divided into prescription drugs and over-the-counter drugs. Prescription drugs are medicines that must be prescribed by a qualified health professional to be purchased at a hospital pharmacy or pharmacy. In the UK, GPS, hospital doctors, dentists, nurses, pharmacists, optometrists, physiotherapists or podiatrists can prescribe medicines. Over-the-counter drugs are medicines that are available over the counter without a prescription. For example, some medications used to treat illnesses in minors, you can buy simple painkillers and cough medicines directly from supermarkets and other stores. Other types of medications, such as eye drops or emergency contraceptives, can be used without a prescription, but they require supervision by a pharmacist.
In UK, the market is dominated by non-prescription medicines. Data show that in 2019, the UK mail order non-prescription drug market revenue of $1423.65 million, accounting for 62.38% share; The prescription drug market accounted for 37.62% of the total revenue of $858.57 million. In terms of application, most of the mail-order drugs in the UK are used for skin care, accounting for 20.65% of the revenue in the relative market in 2019. Vitamins followed, with 14.05% market share; Drugs for diabetes accounted for 10.76 percent, ranking third.
The UK Has a High Regional Concentration of Mail-order Pharmacy Products, while Ireland Accounts for 80% of Revenues
The research shows that England is the largest market for mail-order pharmaceuticals in the UK, with a revenue of $1854.54 million in 2019, accounting for 81.26% of the total UK mail-order pharmaceuticals market. Scotland ranked second with a market revenue of $234.16 million and a 10.26% market share. Wales ranked third with 5.62% of the market revenue of $128.17 million. Northern Ireland has the lowest share at 2.86%.
However, considering the market development environment of each region, the regional competitive landscape is expected to change as follows: the market share of England will decline during the forecast period, which is expected to fall to 78.20% by 2027; The market share of the other three regions will rise to different degrees. It is estimated that by 2027, the mail-order pharmaceutical market revenue in Northern Ireland will increase to 3.05% in the whole UK market, while the market share of Scotland and Wales will increase to 12.18% and 6.56%, respectively.
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Analysis of the UK Mail Order Pharmacy Product Industry Market Outlook
According to our research data, the total market revenue of the UK mail-order pharmaceutical industry in 2015 was US $1,163.25 million. After that, the market revenue increased year by year for four consecutive years, reaching US $2,282.23 million in 2019. On this basis, we perform a series of functional operations and use scientific models to derive data for the next few years. Finally, we forecast that the total UK mail-order pharmaceutical industry market revenue will reach USD 6979.33 million by 2027.
Brick-and-mortar pharmacies have always been the core channel for the retail purchase of traditional medicines. However, problems such as uneven distribution of pharmacies, few varieties in a single pharmacy and opaque prices have brought daily troubles to consumers. As an alternative service, mail-order drugs are inexpensive, and many mail-order pharmacies are available 24 hours a day through their websites or telephone, which has greatly improved the consumer purchasing experience and fueled the growth of the mail-order drug market.
Technological innovation is the fundamental driving force of industrial development. The development of the Internet industry has provided a high-quality platform for mail-order pharmacies, and increasingly convenient and efficient mailing service has shortened the distance between pharmacies and customers. In addition, external factors such as user awareness of mail-order pharmaceutical services, greater adoption of digital technologies in the healthcare sector, and greater adoption of e-commerce have all contributed to the development of the mail-order pharmaceutical market.
Around 15 million people in England suffer from chronic diseases such as diabetes, chronic obstructive pulmonary disease, arthritis and high blood pressure, which are currently incurable and can only be managed with drugs and other therapies. Both in the UK and the rest of the world, there is a growing trend towards younger people with chronic diseases. This trend has boosted the market demand for drugs for chronic diseases and also provided market opportunities for pharmacies.
However, although mail-order medicines shift consumers from traditional pharmacies to mail-order pharmacies, the development of the UK mail-order medicines industry will be limited due to factors such as the possibility of expired or damaged medicines and not all medicines can be ordered by mail. On the other hand, registering for mail-order prescriptions can be complicated due to forms that must usually be filled out, and the consumer\'s health care provider may not be familiar with his insurer\'s mail-order pharmacy. These factors make it impossible for mail-order pharmacies to replace traditional pharmacies in a short period of time to achieve great development.
In addition, at present, the mail-order drug industry is in a process of continuous development, with drastic changes in the industry and continuous entry of participants, which makes the market competition increasingly intensified. For industry players, cooperation with governments, hospitals, insurance institutions, third-party delivery companies, etc., is essential. As a leading enterprise in the industry, it will take advantage of its own advantages to continuously obtain larger market shares and more market opportunities, so small enterprises in the industry may be eliminated.
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