Look out, Amazon: BofA says these online drugstore stocks may beat you out

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New for subscribers: Look out, Amazon: BofA says these online drugstore stocks may beat you out. Check out CNBCPro today.

The analysts named a number of trends set to give the online pharmacy market sector a boost, including a growing online market for pharmaceuticals, the introduction of electronic prescriptions and a demographic that is increasingly happy to use e-commerce sites.

They estimated the market in Western Europe will grow from 11 billion euros in 2020, to 47 billion euros in 2030. A compound annual growth rate of 16% will also significantly outstrip the 2.5% rate expected for the pharmacy sector as a whole in the region. And even though the analysts said there is a "significant" threat of Amazon launching an online drug store in Europe , they named the stocks they believe already have the upper hand and will capitalize on the online drugs boom.

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