Mexico E-Pharmacy Market Overview, 2028

In Mexico, e-pharmacies operate within the legal framework established by the Federal Commission for Protection against Sanitary Risks (COFEPRIS) and the General Health Law. These regulations aim to ensure the safety, quality, and legality of pharmaceutical products sold online. Furthermore, Mexican law typically requires a valid prescription for the purchase of prescription medications through e-pharmacies. This helps ensure the responsible and safe use of these medications. However, specific requirements may vary, and some over-the-counter medications may be available without a prescription. Moreover, e-pharmacies in Mexico often offer home delivery services for medications, making it convenient for individuals to receive their prescriptions without visiting a physical pharmacy. Delivery times and fees may vary depending on the e-pharmacy and the location of the customer. In addition, when using e-pharmacies, it is important to be cautious and ensure the legitimacy of the platform. Look for established e-pharmacies with proper certifications, reliable customer reviews, and secure payment methods. It is advisable to consult with healthcare professionals for appropriate medical advice and prescriptions. According to the research report "Mexico E-Pharmacy Market Overview, 2028," published by Bonafide Research, the Mexico E-Pharmacy market was valued at more than USD 915 Million in 2022. Mexico has witnessed a significant increase in internet penetration in recent years, with a growing number of people gaining access to the internet. This rise in internet usage has created opportunities for e-pharmacies to reach a larger customer base and provide convenient online purchasing options for pharmaceutical products. Furthermore, there is an increasing awareness among the Mexican population about healthcare and the importance of regular medication management. E-pharmacies provide a platform for individuals to access information about medications, interact with healthcare professionals online, and order prescribed medications easily. Moreover, urbanisation and fast-paced lifestyles have led to time constraints for many individuals. E-pharmacies cater to the needs of busy urban dwellers who may find it challenging to visit physical pharmacies during working hours. Online ordering and home delivery services offered by e-pharmacies save time and effort for these consumers. In addition, the COVID-19 pandemic has accelerated the adoption of e-pharmacies globally, including in Mexico. Lockdowns, social distancing measures, and the need to minimise in-person interactions have led more people to explore online options for purchasing medications. This has further fueled the demand for e-pharmacy services.

Skin diseases and injuries are common health concerns in Mexico, and skincare products catering to these conditions are expected to have a significant market share in the e-pharmacy sector. Skin diseases such as acne, eczema, psoriasis, dermatitis, and fungal infections, as well as skin injuries like cuts, burns, and wounds; require specialized skincare products for treatment and management. The e-pharmacy platforms in Mexico offer a range of skincare products, including cleansers, moisturizers, ointments, creams, and treatments specifically designed to address various skin conditions and injuries. Furthermore, Mexico has a high prevalence of diabetes, making diabetes care products an essential category in the e-pharmacy market. These products include blood glucose monitoring devices, test strips, insulin, diabetic-friendly foods, dietary supplements, and foot care products. E-pharmacy platforms provide a convenient way for individuals with diabetes to access these products, monitor their blood sugar levels, and manage their condition effectively. In addition, high cholesterol levels are a concern in Mexico, and e-pharmacy platforms cater to individuals seeking cholesterol management products. These products may include cholesterol-lowering medications, dietary supplements, heart-healthy foods, and lifestyle management guidance. E-pharmacy platforms provide a convenient way to access these products and maintain cholesterol levels within a healthy range. E-pharmacies in Mexico must undergo a verification process to obtain certification from COFEPRIS. This certification ensures compliance with quality standards and regulations, including proper storage and handling of medications. It is important for consumers to look for certified e-pharmacies to ensure they are purchasing from legitimate and trustworthy sources. Furthermore, the government regulates advertising and promotions related to pharmaceutical products, including those advertised by e-pharmacies. There are specific guidelines and restrictions in place to ensure the accuracy and legality of product information and claims made in advertisements. In addition, the Mexican Association of Online Pharmacies (AMFEO) is an organization that represents and brings together various online pharmacy platforms in Mexico. It aims to promote best practises, ethical standards, and responsible operations within the e-pharmacy industry. Furthermore, the National Chamber of the Pharmaceutical Industry (CANIFARMA) is a leading association representing the pharmaceutical industry in Mexico. While it is not exclusively focused on e-pharmacies, it plays a significant role in advocating for the interests of the pharmaceutical sector, including e-pharmacy businesses. Considered in this report • Geography: Mexico • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028

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Aspects covered in this report • Mexico E-Pharmacy market with its value and forecast along with its segments • On-going trends and developments • Top profiled companies • Strategic recommendation By Drug Type • Prescription drug • Over-the-counter drug By Product Type Channel • Skin Care (Skin diseases & skin injuries) • Allergy & food intolerance, Stomach, Intestines & Digestion • Diabetes Care • Heart care, circulation & veins, BP, cholesterol • Orthopedic (muscles, bones, joints) • Urology (Bladder, Kidney & Prostate) • Animal pharmacy • Naturopathy • ENT (Eyes, ears, Tooth & Mouth) • Cold flu • vitamins & minerals • Cosmetics • Painkiller • Others (gynec, Calm down, sleep & stress, sexuality, Lose weight, Diet & Lifestyle, Self-tests & everyday aids, smoking cessation)

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The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to ready to E-Pharmacy industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.