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Pulished Date July, 2021
ID: 11844
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Global Healthcare eCommerce Market Size, Share, Trends, COVID-19 Impact & Growth Analysis Report – Segmented By Type, Application, End-User & Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa)- Industry Forecast (2021 to 2026)

Pulished: July, 2021
ID: 11844
Pages: 190

Global Healthcare eCommerce Market Size (2021 to 2026)

The size of the global healthcare eCommerce market is estimated to be worth USD 857.02 billion by 2026 from USD 381.02 billion in 2021, growing at a CAGR of 17.60% during the forecast period.

Healthcare E-commerce refers to the online selling and purchase of healthcare items and services. E-Commerce has transformed everyone's lifestyle in the last several years. In the healthcare business, e-commerce has also played a significant influence in changing the face of the industry. It involves buying medical equipment, supplies, medical gadgets, and medications through the internet. Convenience, reduced costs & discounts, a broad selection of items, replacement & refund policies, reviews & feedbacks, and quality certifications are all advantages of healthcare e-commerce. Many clients are resorting to the internet to complete the tasks of a traditional pharmacy rather than visiting a physical store. Furthermore, e-commerce offers clinics, hospitals, and physicians' offices the ability to simplify their medical equipment and supplies purchases. In addition, medical device manufacturers are progressively shifting their operations online to enable direct ordering and delivery of their products.

MARKET DRIVERS:

The growing use of smart devices and internet connectivity is predicted to drive growth to the global healthcare eCommerce market.

The demand for healthcare products from online resources has risen substantially in the digital age. Healthcare E-commerce is growing more important as smart devices such as smartphones, computers, and tablets become more widely available. Patients may submit prescriptions or search for medications and order them from anywhere, at any time, using a website or an app. Asia had a 62 % internet penetration rate in March 2021, compared to 88 % in Europe and 90 % in North America. According to Statista, there will be about 4.28 billion active mobile internet users in 2020, accounting for more than 90% of the global internet population. By 2020, the world's tablet users will number 1.26 billion. The use of healthcare E-commerce has risen substantially as a result of this increased utilization. Statista estimates that e-commerce sales of medicines and beauty aids totaled 50.4 billion dollars in 2019, up from 32.6 billion dollars in 2016. Similarly, according to a Times of India article, 61 percent of people prefer to buy drugs online. Furthermore, because customers are increasingly using the Internet to acquire products and medical treatment, healthcare providers are becoming more worried about the quality of their online presence.

The rising adoption of telemedicine is further expected to accelerate the growth rate of the global healthcare eCommerce market.

Telemedicine, interestingly, may be used with pharmaceutical e-commerce to provide a surprisingly seamless patient experience. Within a few hours, patients may speak with a doctor about their symptoms, obtain a diagnosis, and have medication delivered to their homes. Prescriptions may be bought swiftly and online through platforms like Walgreens and NowRX. Telemedicine is a type of healthcare e-commerce pioneered by apps like Practo and FirstOpinion and websites like Doctor2U and YourDoctors. Online. “Direct-to-consumer (DTC) telemedicine is increasing at an ever-expanding rate due to new phone, computer, and app technologies and patient demand,” according to a February 2018 article on the Managed Healthcare Executive website. The use of healthcare E-commerce has risen substantially as a result of this increased utilization. Statista estimates that e-commerce sales of medicines and beauty aids totaled 50.4 billion dollars in 2019, up from 32.6 billion dollars in 2016. Similarly, according to a Times of India article, 61 % of people prefer to buy drugs online. Patients may now use their mobile devices to swiftly assess healthcare professionals for phone or video appointments, as well as obtain online prescriptions. As a result, according to Amwell's 2020 Physician and Consumer Survey, the number of physicians adopting telehealth to treat patients increased from 22% in 2019 to 80% in 2020.

MARKET RESTRAINTS:

Stringent regulations imposed by various governments may hamper the growth of the global healthcare eCommerce market. The healthcare business must address several particular laws and compliance barriers. According to the HIPAA Security Rule, healthcare e-commerce firms must adhere to a set of security requirements to ensure that protected health information (PHI) is properly safeguarded on a technological, administrative, and physical level. That means businesses must ensure that all of their patient's medical data is kept private, safe, and encrypted at all times, even during delivery. Additionally, for certain firms in the healthcare field, automating the intricate documentation of hazardous and radioactive items and shipping them is a burden. Similarly, many healthcare firms must have unique business rules in place for their products to be transported correctly.

Impact of COVID-19 on the global healthcare eCommerce market:

COVID-19 increased the demands for online healthcare facilities. Consumers in virtually every sector went online when the Covid-19 issue hit. From food and beverage to home renovation and maintenance, e-commerce activity exploded across all industries and platforms. As a result of the COVID-19 debacle, there has been an upsurge in demand for online healthcare services. Fears about the new coronavirus, social distancing efforts to avoid spreading the virus, restricted access to diagnostic centers, weak socio-economic infrastructure, and insufficient medical supplies at local pharmacies all contributed to a surge in demand for online medical solutions and services. The COVID-19 issue has spurred commerce to new businesses, customers, and product kinds. It has given clients access to a wide range of items from the comfort and safety of their own homes. It has allowed businesses to continue operating despite contact limitations and other constraints.

The development of innovative healthcare delivery, including drugs and telehealth alternatives such as visits, consultations, and diagnostics, has been fuelled by global issues. For example, during the COVID-19 pandemic, telehealth played a significant role in bringing physicians and patients together electronically while reducing the danger of infection. As a result, the number of telehealth visits grew by 50% in the first quarter of 2020 compared to the same time in 2019, with a 154 % in visits recorded in surveillance week 13 of 2020 compared to the same period in 2019. People may also have online consultations with medical specialists and purchase medical items and other resources from the comfort of their own homes, owing to healthcare e-commerce platforms. The government's efforts to limit the spread of the coronavirus were aided in part by the engagement of healthcare e-commerce start-ups.

Additionally, owing to the worldwide coronavirus epidemic, which has compelled millions of individuals to stay at home to prevent the virus from spreading, global traffic to digital health platforms increased by 10% between January and April 2020. In May 2020, health and medical websites had 581.37 million global visitors, up from 459 million in January 2019. As a result, big drugstore chains like Walgreens and CVS have expanded their online audience. In contrast, telemedicine companies have benefited from the surge in online prescription and over-the-counter drug orders. It has given clients access to a wide range of items from the comfort and safety of their own homes. It has allowed businesses to continue operating despite contact limitations and other constraints.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2020 to 2026

Base Year

2020

Forecast Period

2021 to 2026

Segments Covered

By Type, Application, End-User & Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

 

This research report on the global healthcare eCommerce market has been segmented and sub-segmented based on products & services, application, end-user & region.

Healthcare eCommerce Market – By Type:

  • Drugs
  • Medical Devices

Healthcare eCommerce Market – By Application:

  • Telemedicine
  • Caregiving Services
  • Medical Consultation

Healthcare eCommerce Market – By End-User:

  • Hospitals
  • Clinics
  • Others

Healthcare eCommerce Market – By Region:

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

KEY MARKET PARTICIPANTS:

A few of the prominent companies operating in the global healthcare eCommerce market covered in this report are Amazon, Flipkart Pvt. Ltd., eBay Inc., Lloyds Pharmacy Ltd., Walgreens Boots Alliance Inc., Exactcare Pharmacy, Alibaba Group Holding Ltd., Remdi SeniorCare, McCabes Pharmacy, Tata Digital Ltd., CVS Health, MedLife, Doc Morris, and others.

These players are involved in strategic activities, such as collaborations, new product launches, technological advancements, mergers, and acquisitions.

RECENT MARKET DEVELOPMENTS:

  • On 24 May 2021, Health E-Commerce, the parent company of online brands FSAstore.com, HSAstore.com, and WellDeservedHealth.com, announced that it had redesigned its family of retail websites to make it even easier for consumers to find, buy, and learn about products and services that are eligible for purchase with flexible spending account (FSA), health savings account (HSA), and wellness rewards dollars.
  • On 10 June 2021, as part of its effort to create an e-commerce business in India, Tata Digital Ltd., a subsidiary of Tata Sons Ltd., has purchased a controlling share in digital health platform 1MG Technologies. The investment in 1MG is in keeping with the Tata Group's goal of building a digital ecosystem that meets customer demands across categories in a cohesive way.
  1. Introduction                                                          
    1. Market Definition                                               
    2. Scope of the report                                            
    3. Study Assumptions
    4. Base Currency, Base Year and Forecast Periods
  2. Research Methodology
    1. Analysis Design
    2. Research Phases
      1. Secondary Research
      2. Primary Research
      3. Data Modelling
      4. Expert Validation
    3. Study Timeline
  3. Report Overview
    1. Executive Summary
    2. Key Inferences
  4. Market Dynamics
    1. Impact Analysis
      1. Drivers
      2. Restraints
      3. Opportunities
    2. Regulatory Environment
    3. Technology Timeline & Recent Trends
  5. Competitor Benchmarking Analysis
    1. Key Player Benchmarking
      1. Market share analysis
      2. Products/Service
      3. Regional Presence
    2. Mergers & Acquisition Landscape
    3. Joint Ventures & Collaborations
  6. Market Segmentation
    1. Healthcare eCommerce Market, By Type
      1. Drugs
      2. Medical Devices
      3. Market Size Estimations & Forecasts (2021-2026)
      4. Y-o-Y Growth Rate Analysis
      5. Market Attractiveness Index
    2. Healthcare eCommerce Market, By Application
      1. Telemedicine
      2. Caregiving Services
      3. Medical Consultation
      4. Market Size Estimations & Forecasts (2021-2026)
      5. Y-o-Y Growth Rate Analysis
      6. Market Attractiveness Index
    3. Healthcare eCommerce Market, By End User
      1. Hospitals
      2. Clinics
      3. Others
      4. Market Size Estimations & Forecasts (2021-2026)
      5. Y-o-Y Growth Rate Analysis
      6. Market Attractiveness Index
  7. Geographical Landscape
    1. Global Healthcare eCommerce Market, by Region
    2. North America - Market Analysis (2021 to 2026)
      1. By Country
        1. USA
        2. Canada
    3. Europe                                                   
      1. By Country
        1. UK
        2. France
        3. Germany
        4. Spain
        5. Italy
        6. Rest of Europe
    4. Asia Pacific                                             
      1. By Country
        1. China                  
        2. India
        3. Japan                  
        4. South Korea
        5. Southeast Asia
        6. Australia & NZ
        7. Rest of Asia- Pacific
    5. Latin America
      1. By Country
        1. Brazil
        2. Argentina
        3. Mexico                
        4. Rest of Latin America
    6. The Middle East and Africa
      1. By Country
        1. Middle East
        2. Africa
  8. Key Player Analysis
    1. Amazon
      1. Business Description
      2. Products/Service
      3. Financials                             
      4. SWOT Analysis
      5. Recent Developments
      6. Analyst Overview
    2. Flipkart Pvt. Ltd.
    3. eBay Inc.
    4. Lloyds Pharmacy Ltd.
    5. Walgreens Boots Alliance Inc.
    6. Exactcare Pharmacy
    7. Alibaba Group Holding Ltd.
    8. Remdi SeniorCare
    9. McCabes Pharmacy
    10. Tata Digital Ltd.
    11. CVS Health
    12. MedLife
    13. Doc Morris
  9. Market Outlook & Investment Opportunities
  10. Appendix                                               
    1. List of Tables
    2. List of Figures
  • Global and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and also identify the regions that are still untapped.
  • The segment-level analysis in terms of type, application and end-user along with market size forecasts and estimations to detect key areas of industry growth in detail.
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics.
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis.
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development.
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment.
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies.
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions.
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market.
  1. Global Healthcare eCommerce Market, By Region, From 2021 to 2026 (USD Billion)
  2. Global Healthcare eCommerce Market, By Type, From 2021 to 2026 (USD Billion)
  3. Global Drugs Market, By Region, From 2021 to 2026 (USD Billion)
  4. Global Medical Devices Market, By Region, From 2021 to 2026 (USD Billion)
  5. Global Healthcare eCommerce Market, By Application, From 2021 to 2026 (USD Billion)
  6. Global Telemedicine Market, By Region, From 2021 to 2026 (USD Billion)
  7. Global Caregiving Services Market, By Region, From 2021 to 2026 (USD Billion)
  8. Global Medical Consultation Market, By Region, From 2021 to 2026 (USD Billion)
  9. Global Healthcare eCommerce Market, By End User, From 2021 to 2026 (USD Billion)
  10. Global Hospitals Market, By Region, From 2021 to 2026 (USD Billion)
  11. Global Clinics Market, By Region, From 2021 to 2026 (USD Billion)
  12. Global Others Market, By Region, From 2021 to 2026 (USD Billion)
  13. North America Healthcare eCommerce Market, By Type, From 2021 to 2026 (USD Billion)
  14. North America Drugs Market, By Region, From 2021 to 2026 (USD Billion)
  15. North America Medical Devices Market, By Region, From 2021 to 2026 (USD Billion)
  16. North America Healthcare eCommerce Market, By Application, From 2021 to 2026 (USD Billion)
  17. North America Telemedicine Market, By Region, From 2021 to 2026 (USD Billion)
  18. North America Caregiving Services Market, By Region, From 2021 to 2026 (USD Billion)
  19. North America Medical Consultation Market, By Region, From 2021 to 2026 (USD Billion)
  20. North America Healthcare eCommerce Market, By End User, From 2021 to 2026 (USD Billion)
  21. North America Hospitals Market, By Region, From 2021 to 2026 (USD Billion)
  22. North America Clinics Market, By Region, From 2021 to 2026 (USD Billion)
  23. North America Others Market, By Region, From 2021 to 2026 (USD Billion)
  24. United States Healthcare eCommerce Market, By Type, From 2021 to 2026 (USD Billion)
  25. United States Healthcare eCommerce Market, By Application, From 2021 to 2026 (USD Billion)
  26. United States Healthcare eCommerce Market, By End User, From 2021 to 2026 (USD Billion)
  27. Canada Healthcare eCommerce Market, By Type, From 2021 to 2026 (USD Billion)
  28. Canada Healthcare eCommerce Market, By Application, From 2021 to 2026 (USD Billion)
  29. Canada Healthcare eCommerce Market, By End User, From 2021 to 2026 (USD Billion)
  30. Europe Healthcare eCommerce Market, By Type, From 2021 to 2026 (USD Billion)
  31. Europe Drugs Market, By Region, From 2021 to 2026 (USD Billion)
  32. Europe Medical Devices Market, By Region, From 2021 to 2026 (USD Billion)
  33. Europe Healthcare eCommerce Market, By Application, From 2021 to 2026 (USD Billion)
  34. Europe Telemedicine Market, By Region, From 2021 to 2026 (USD Billion)
  35. Europe Caregiving Services Market, By Region, From 2021 to 2026 (USD Billion)
  36. Europe Medical Consultation Market, By Region, From 2021 to 2026 (USD Billion)
  37. Europe Healthcare eCommerce Market, By End User, From 2021 to 2026 (USD Billion)
  38. Europe Hospitals Market, By Region, From 2021 to 2026 (USD Billion)
  39. Europe Clinics Market, By Region, From 2021 to 2026 (USD Billion)
  40. Europe Others Market, By Region, From 2021 to 2026 (USD Billion)
  41. U.K. Healthcare eCommerce Market, By Type, From 2021 to 2026 (USD Billion)
  42. U.K. Healthcare eCommerce Market, By Application, From 2021 to 2026 (USD Billion)
  43. U.K. Healthcare eCommerce Market, By End User, From 2021 to 2026 (USD Billion)
  44. Germany Healthcare eCommerce Market, By Type, From 2021 to 2026 (USD Billion)
  45. Germany Healthcare eCommerce Market, By Application, From 2021 to 2026 (USD Billion)
  46. Germany Healthcare eCommerce Market, By End User, From 2021 to 2026 (USD Billion)
  47. France Healthcare eCommerce Market, By Type, From 2021 to 2026 (USD Billion)
  48. France Healthcare eCommerce Market, By Application, From 2021 to 2026 (USD Billion)
  49. France Healthcare eCommerce Market, By End User, From 2021 to 2026 (USD Billion)
  50. Italy Healthcare eCommerce Market, By Type, From 2021 to 2026 (USD Billion)
  51. Italy Healthcare eCommerce Market, By Application, From 2021 to 2026 (USD Billion)
  52. Italy Healthcare eCommerce Market, By End User, From 2021 to 2026 (USD Billion)
  53. Spain Healthcare eCommerce Market, By Type, From 2021 to 2026 (USD Billion)
  54. Spain Healthcare eCommerce Market, By Application, From 2021 to 2026 (USD Billion)
  55. Spain Healthcare eCommerce Market, By End User, From 2021 to 2026 (USD Billion)
  56. Asia Pacific Healthcare eCommerce Market, By Type, From 2021 to 2026 (USD Billion)
  57. Asia Pacific Drugs Market, By Region, From 2021 to 2026 (USD Billion)
  58. Asia Pacific Medical Devices Market, By Region, From 2021 to 2026 (USD Billion)
  59. Asia Pacific Healthcare eCommerce Market, By Application, From 2021 to 2026 (USD Billion)
  60. Asia Pacific Telemedicine Market, By Region, From 2021 to 2026 (USD Billion)
  61. Asia Pacific Caregiving Services Market, By Region, From 2021 to 2026 (USD Billion)
  62. Asia Pacific Medical Consultation Market, By Region, From 2021 to 2026 (USD Billion)
  63. Asia Pacific Healthcare eCommerce Market, By End User, From 2021 to 2026 (USD Billion)
  64. Asia Pacific Hospitals Market, By Region, From 2021 to 2026 (USD Billion)
  65. Asia Pacific Clinics Market, By Region, From 2021 to 2026 (USD Billion)
  66. Asia Pacific Others Market, By Region, From 2021 to 2026 (USD Billion)
  67. Japan Healthcare eCommerce Market, By Type, From 2021 to 2026 (USD Billion)
  68. Japan Healthcare eCommerce Market, By Application, From 2021 to 2026 (USD Billion)
  69. Japan Healthcare eCommerce Market, By End User, From 2021 to 2026 (USD Billion)
  70. China Healthcare eCommerce Market, By Type, From 2021 to 2026 (USD Billion)
  71. China Healthcare eCommerce Market, By Application, From 2021 to 2026 (USD Billion)
  72. China Healthcare eCommerce Market, By End User, From 2021 to 2026 (USD Billion)
  73. India Healthcare eCommerce Market, By Type, From 2021 to 2026 (USD Billion)
  74. India Healthcare eCommerce Market, By Application, From 2021 to 2026 (USD Billion)
  75. India Healthcare eCommerce Market, By End User, From 2021 to 2026 (USD Billion)
  76. Australia Healthcare eCommerce Market, By Type, From 2021 to 2026 (USD Billion)
  77. Australia Healthcare eCommerce Market, By Application, From 2021 to 2026 (USD Billion)
  78. Australia Healthcare eCommerce Market, By End User, From 2021 to 2026 (USD Billion)
  79. South Korea Healthcare eCommerce Market, By Type, From 2021 to 2026 (USD Billion)
  80. South Korea Healthcare eCommerce Market, By Application, From 2021 to 2026 (USD Billion)
  81. South Korea Healthcare eCommerce Market, By End User, From 2021 to 2026 (USD Billion)
  82. Latin America Healthcare eCommerce Market, By Type, From 2021 to 2026 (USD Billion)
  83. Latin America Drugs Market, By Region, From 2021 to 2026 (USD Billion)
  84. Latin America Medical Devices Market, By Region, From 2021 to 2026 (USD Billion)
  85. Latin America Healthcare eCommerce Market, By Application, From 2021 to 2026 (USD Billion)
  86. Latin America Telemedicine Market, By Region, From 2021 to 2026 (USD Billion)
  87. Latin America Caregiving Services Market, By Region, From 2021 to 2026 (USD Billion)
  88. Latin America Medical Consultation Market, By Region, From 2021 to 2026 (USD Billion)
  89. Latin America Healthcare eCommerce Market, By End User, From 2021 to 2026 (USD Billion)
  90. Latin America Hospitals Market, By Region, From 2021 to 2026 (USD Billion)
  91. Latin America Clinics Market, By Region, From 2021 to 2026 (USD Billion)
  92. Latin America Others Market, By Region, From 2021 to 2026 (USD Billion)
  93. Brazil Healthcare eCommerce Market, By Type, From 2021 to 2026 (USD Billion)
  94. Brazil Healthcare eCommerce Market, By Application, From 2021 to 2026 (USD Billion)
  95. Brazil Healthcare eCommerce Market, By End User, From 2021 to 2026 (USD Billion)
  96. Argentina Healthcare eCommerce Market, By Type, From 2021 to 2026 (USD Billion)
  97. Argentina Healthcare eCommerce Market, By Application, From 2021 to 2026 (USD Billion)
  98. Argentina Healthcare eCommerce Market, By End User, From 2021 to 2026 (USD Billion)
  99. Mexico Healthcare eCommerce Market, By Type, From 2021 to 2026 (USD Billion)
  100. Mexico Healthcare eCommerce Market, By Application, From 2021 to 2026 (USD Billion)
  101. Mexico Healthcare eCommerce Market, By End User, From 2021 to 2026 (USD Billion)
  102. Rest of Latin America Healthcare eCommerce Market, By Type, From 2021 to 2026 (USD Billion)
  103. Rest of Latin America Healthcare eCommerce Market, By Application, From 2021 to 2026 (USD Billion)
  104. Rest of Latin America Healthcare eCommerce Market, By End User, From 2021 to 2026 (USD Billion)
  105. Middle East and Africa Healthcare eCommerce Market, By Type, From 2021 to 2026 (USD Billion)
  106. Middle East and Africa Drugs Market, By Region, From 2021 to 2026 (USD Billion)
  107. Middle East and Africa Medical Devices Market, By Region, From 2021 to 2026 (USD Billion)
  108. Middle East and Africa Healthcare eCommerce Market, By Application, From 2021 to 2026 (USD Billion)
  109. Middle East and Africa Telemedicine Market, By Region, From 2021 to 2026 (USD Billion)
  110. Middle East and Africa Caregiving Services Market, By Region, From 2021 to 2026 (USD Billion)
  111. Middle East and Africa Medical Consultation Market, By Region, From 2021 to 2026 (USD Billion)
  112. Middle East and Africa Healthcare eCommerce Market, By End User, From 2021 to 2026 (USD Billion)
  113. Middle East and Africa Hospitals Market, By Region, From 2021 to 2026 (USD Billion)
  114. Middle East and Africa Clinics Market, By Region, From 2021 to 2026 (USD Billion)
  115. Middle East and Africa Others Market, By Region, From 2021 to 2026 (USD Billion)
  116. Middle East Healthcare eCommerce Market, By Type, From 2021 to 2026 (USD Billion)
  117. Middle East Healthcare eCommerce Market, By Application, From 2021 to 2026 (USD Billion)
  118. Middle East Healthcare eCommerce Market, By End User, From 2021 to 2026 (USD Billion)
  119. Africa Healthcare eCommerce Market, By Type, From 2021 to 2026 (USD Billion)
  120. Africa Healthcare eCommerce Market, By Application, From 2021 to 2026 (USD Billion)
  121. Africa Healthcare eCommerce Market, By End User, From 2021 to 2026 (USD Billion)

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