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Value of addressable medicine market India 2019-2023

The e-pharma market is expected to grow at a fast pace in India given the tailwinds that the industry is witnessing. The total addressable e-pharma market value stood at around 360 million U.S. dollars in 2019. In the same year, the total addressable chronic medicine market for online pharmacies was around six billion U.S. dollars, and was expected to go up to ten billion dollars by 2023.

Value of addressable medicine market for online pharmacies in India from 2019 to 2023 (in billion U.S. dollars)**

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Release date

May 2019



Survey time period


Supplementary notes

**The data represents only the market for medicines and does not include services and products like diagnostics and insurance.

Note: One Indian rupee is equal to 0.015 U.S. dollars and 0.013 euros (as of July 2019).

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