Pharmacies And Drug Stores Global Market Report 2020-30: Covid 19 Implications and Growth
May 2020
200
About the Report
About the Report
Major players in the pharmacies and drug stores market are Walgreens Boots (WBA), CVS Health (CVS), Rite Aid (RAD), MedPlus, Rexall, Shoppers Drug Mart, Grupo Casa Saba, China Nepstar, AS Watson, and Matsumotokiyoshi.
The global pharmacies and drug stores market is expected to grow from USD 923.06 billion in 2019 to USD 1007.99 billion. Due to the global Covid-19 pandemic, the market for pharmacies and drug stores is expected to grow significantly in 2020 as people want to keep a stock of all medicines due to long-extending quarantine and it is among the essential businesses that are allowed to operate even in lockdown situations across the globe. The market is expected to stabilize at a compound annual growth rate of 3% and reach USD 1040.08 billion by 2023.
The Pharmacies and Drug Stores market consist of establishments involved in sales of prescription and over-the-counter medications, health and beauty items, toiletries and consumable goods directly to consumers. Industry companies may also provide basic health and photo processing services. The pharmacies and Drug stores consist of establishments that are concerned with branded prescription drugs, generic drugs, nonprescription medicines, personal health supplies, groceries and food items, vitamins, minerals, and dietary supplements, cosmetics and other.
The global pharmacies and drug stores market has been geographically segmented into North America, Western Europe, Asia-Pacific, Eastern Europe, South America and Middle East & Africa. North America was the largest region in the pharmacies and drug stores market in 2019.
On November 28, 2018, CVS Health completed acquisition of Aetna. By combining Aetna's health care benefits expertise with its retail pharmacies, clinics, and integrated pharmacy capabilities, CVS Health is looking to improve the health care delivery experience for consumers by expanding offerings at MinuteClinics, offering preventative health screenings and delivering other services.
The pharmacies and drug stores market covered in this report are segmented by drug type: prescription drugs, OTC drugs by type: community pharmacy, hospital pharmacy, clinical pharmacy, industrial pharmacy, compounding pharmacy, consulting pharmacy, ambulatory care pharmacy, regulatory pharmacy, home care pharmacy.
Rapidly increasing cost pressures from regulatory agencies and payers will restrain the pharmacies and drug stores market. Government budgetary pressures are leading to lower pharmacy compensation for most countries with public health care. The consolidation of pharmacy benefit management firms in the U.S. has worked similarly, driving lower costs and margins and shifting prescription volumes to delivery of direct or mail order. Governments would be the largest health-care payer in virtually every country. This, in turn, creates increased pressure on taxpayers and government spending, with consequent pharmaceutical effects. These factors are expected to have a negative impact on the pharmacies and drug stores market as increasing cost pressures from regulatory agencies and affecting the market's growth.
Working long hours and drive-through locations are the major factors to increase the Pharmacies and Drugstores market growth. As competition has increased from mass merchandisers and supermarkets, as well as from direct mail prescription services, drug stores have been adding value in the form of 24-hour operations and drive-through pharmacies. The US Pharmacy Study measures customer satisfaction with their pharmacy experience across major chain drug stores, mass merchandisers, supermarkets, and mail-order pharmacies. The study shows that retail pharmacy businesses continue to shine when it comes to engaging patient-centric services that drive satisfaction. These convenience factors anticipate the growth of pharmacies and the drugstores market.
The growing aging population and increasing health consciousness among the global populace are likely to drive the pharmacies and drug stores market. The geriatric population are more vulnerable to acquire number of diseases that increase the dependence on the pharmacies and drug stores indirectly affecting the market. According to the Global Health and Aging report, the number of people aged 65 or older is projected to grow from an estimated 524 million in 2010 to nearly 1.5 billion in 2050, with most of the increase in developing countries. There are certain health conditions that are expected to be a challenge to our health care system with the increasing aging population. These conditions include cancer, dementia, an increase in the number of falls, obesity, and diabetes. Due to the increasing aging population, the number of cases is expected to increase, thus providing a growing customer base for pharmacies and drug stores.
Products
Products
1) By Drug Type: Prescription drugs; OTC drugs; 2) By Type: Community Pharmacy; Hospital Pharmacy; Clinical Pharmacy; Industrial Pharmacy; Compounding Pharmacy; Consulting Pharmacy; Ambulatory Care Pharmacy; Regulatory Pharmacy; Home Care Pharmacy
Companies
Walgreens Boots (WBA); CVS Health (CVS); Rite Aid (RAD); MedPlus; Rexall; Shoppers Drug Mart; Grupo Casa Saba; China Nepstar; AS Watson; Matsumotokiyoshi; Phoenix; Celesio; Alliance Boots; Omnicare Inc; Diplomat Pharmacy Inc; PharMerica Corporation; Dougherty''s Pharmacy Inc; Progressive Care Inc; Medzone; Medicap; Apollo Pharmacy; Discount Drug Stores
Table of Contents
Table of Contents
1. Executive Summary
2. Pharmacies And Drug Stores Market Characteristics
3. Pharmacies And Drug Stores Market Size And Growth
3.1. Global Pharmacies And Drug Stores Historic Market, 2015-2019, USD Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Pharmacies And Drug Stores Forecast Market, 2019-2023F, 2025F, 2030F, USD Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Pharmacies And Drug Stores Market Segmentation
4.1. Global Pharmacies And Drug Stores Market, Segmentation By Drug Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Prescription drugs
OTC drugs
4.2. Global Pharmacies And Drug Stores Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Community Pharmacy
Hospital Pharmacy
Clinical Pharmacy
Industrial Pharmacy
Compounding Pharmacy
Consulting Pharmacy
Ambulatory Care Pharmacy
Regulatory Pharmacy
Home Care Pharmacy
5. Pharmacies And Drug Stores Market Regional And Country Analysis
5.1. Global Pharmacies And Drug Stores Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
5.2. Global Pharmacies And Drug Stores Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
6. Asia-Pacific Pharmacies And Drug Stores Market
6.1. Asia-Pacific Pharmacies And Drug Stores Market Overview
6.2. Asia-Pacific Pharmacies And Drug Stores Market, Segmentation By Drug Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
7. China Pharmacies And Drug Stores Market
7.1. China Pharmacies And Drug Stores Market Overview
7.2. China Pharmacies And Drug Stores Market, Segmentation By Drug Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F,USD Billion
8. India Pharmacies And Drug Stores Market
8.1. India Pharmacies And Drug Stores Market Overview
8.2. India Pharmacies And Drug Stores Market, Segmentation By Drug Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
9. Japan Pharmacies And Drug Stores Market
9.1. Japan Pharmacies And Drug Stores Market Overview
9.2. Japan Pharmacies And Drug Stores Market, Segmentation By Drug Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
10. Australia Pharmacies And Drug Stores Market
10.1. Australia Pharmacies And Drug Stores Market, Segmentation By Drug Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
11. Indonesia Pharmacies And Drug Stores Market
11.1. Indonesia Pharmacies And Drug Stores Market, Segmentation By Drug Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
12. South Korea Pharmacies And Drug Stores Market
12.1. South Korea Pharmacies And Drug Stores Market, Segmentation By Drug Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
13. Western Europe Pharmacies And Drug Stores Market
13.1. Western Europe Pharmacies And Drug Stores Market Overview
13.2. Western Europe Pharmacies And Drug Stores Market, Segmentation By Drug Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
14. UK Pharmacies And Drug Stores Market
14.1. UK Pharmacies And Drug Stores Market Overview
14.2. UK Pharmacies And Drug Stores Market, Segmentation By Drug Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
15. Germany Pharmacies And Drug Stores Market
15.1. Germany Pharmacies And Drug Stores Market, Segmentation By Drug Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
16. France Pharmacies And Drug Stores Market
16.3. France Pharmacies And Drug Stores Market, Segmentation By Drug Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
17. Eastern Europe Pharmacies And Drug Stores Market
17.1. Eastern Europe Pharmacies And Drug Stores Market Overview
17.2. Eastern Europe Pharmacies And Drug Stores Market, Segmentation By Drug Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
18. Russia Pharmacies And Drug Stores Market
18.1. Russia Pharmacies And Drug Stores Market, Segmentation By Drug Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
19. North America Pharmacies And Drug Stores Market
19.1. North America Pharmacies And Drug Stores Market Overview
19.2. North America Pharmacies And Drug Stores Market, Segmentation By Drug Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
20. USA Pharmacies And Drug Stores Market
20.1. USA Pharmacies And Drug Stores Market Overview
20.2. USA Pharmacies And Drug Stores Market, Segmentation By Drug Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
21. South America Pharmacies And Drug Stores Market
21.1. South America Pharmacies And Drug Stores Market Overview
21.2. South America Pharmacies And Drug Stores Market, Segmentation By Drug Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
22. Brazil Pharmacies And Drug Stores Market
22.1. Brazil Pharmacies And Drug Stores Market, Segmentation By Drug Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
23. Middle East Pharmacies And Drug Stores Market
23.1. Middle East Pharmacies And Drug Stores Market Overview
23.2. Middle East Pharmacies And Drug Stores Market, Segmentation By Drug Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
24. Africa Pharmacies And Drug Stores Market
24.1. Africa Pharmacies And Drug Stores Market Overview
24.2. Africa Pharmacies And Drug Stores Market, Segmentation By Drug Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
25. Pharmacies And Drug Stores Market Competitive Landscape And Company Profiles
25.1. Pharmacies And Drug Stores Market Competitive Landscape
25.2. Pharmacies And Drug Stores Market Company Profiles
25.2.1. Walgreens Boots (WBA)
25.2.1.1. Overview
25.2.1.2. Products and Services
25.2.1.3. Strategy
25.2.1.4. Financial Performance
25.2.2. CVS Health (CVS)
25.2.2.1. Overview
25.2.2.2. Products and Services
25.2.2.3. Strategy
25.2.2.4. Financial Performance
25.2.3. Rite Aid (RAD)
25.2.3.1. Overview
25.2.3.2. Products and Services
25.2.3.3. Strategy
25.2.3.4. Financial Performance
25.2.4. MedPlus
25.2.4.1. Overview
25.2.4.2. Products and Services
25.2.4.3. Strategy
25.2.4.4. Financial Performance
25.2.5. Rexall
25.2.5.1. Overview
25.2.5.2. Products and Services
25.2.5.3. Strategy
25.2.5.4. Financial Performance
26. Key Mergers And Acquisitions In The Pharmacies And Drug Stores Market
27. Pharmacies And Drug Stores Market Trends And Strategies
28. Pharmacies And Drug Stores Market Future Outlook and Potential Analysis
29. Appendix
29.1. Abbreviations
29.2. Currencies
29.3. Research Inquiries
29.4. The Business Research Company
29.5. Copyright And Disclaimer
List of Figure
Figure 1: Global Historic Market Growth, 2015-2019, USD Billion
Figure 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 3: Global Pharmacies And Drug Stores Market, Segmentation By Drug Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 4: Global Pharmacies And Drug Stores Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 5: Global Pharmacies And Drug Stores Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 6: Global Pharmacies And Drug Stores Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 7: Asia-Pacific, Pharmacies And Drug Stores Market, Segmentation By Drug Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 8: China, Pharmacies And Drug Stores Market, Segmentation By Drug Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 9: India, Pharmacies And Drug Stores Market, Segmentation By Drug Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 10: Japan, Pharmacies And Drug Stores Market, Segmentation By Drug Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 11: Australia, Pharmacies And Drug Stores Market, Segmentation By Drug Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 12: Indonesia, Pharmacies And Drug Stores Market, Segmentation By Drug Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 13: South Korea, Pharmacies And Drug Stores Market, Segmentation By Drug Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 14: Western Europe, Pharmacies And Drug Stores Market, Segmentation By Drug Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 15: UK, Pharmacies And Drug Stores Market, Segmentation By Drug Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 16: Germany, Pharmacies And Drug Stores Market, Segmentation By Drug Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 17: France, Pharmacies And Drug Stores Market, Segmentation By Drug Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 18: Eastern Europe, Pharmacies And Drug Stores Market, Segmentation By Drug Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 19: Russia, Pharmacies And Drug Stores Market, Segmentation By Drug Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 20: North America, Pharmacies And Drug Stores Market, Segmentation By Drug Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 21: USA, Pharmacies And Drug Stores Market, Segmentation By Drug Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 22: South America, Pharmacies And Drug Stores Market, Segmentation By Drug Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 23: Brazil, Pharmacies And Drug Stores Market, Segmentation By Drug Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 24: Middle East, Pharmacies And Drug Stores Market, Segmentation By Drug Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 25: Africa, Pharmacies And Drug Stores Market, Segmentation By Drug Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 26: Walgreens Boots (WBA) Financial Performance
Figure 27: CVS Health (CVS) Financial Performance
Figure 28: Rite Aid (RAD) Financial Performance
Figure 29: MedPlus Financial Performance
Figure 30: Rexall Financial Performance
List of Table
Table 1: Global Historic Market Growth, 2015-2019, USD Billion
Table 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 3: Global Pharmacies And Drug Stores Market, Segmentation By Drug Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 4: Global Pharmacies And Drug Stores Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 5: Global Pharmacies And Drug Stores Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 6: Global Pharmacies And Drug Stores Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 7: Asia-Pacific, Pharmacies And Drug Stores Market, Segmentation By Drug Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 8: China, Pharmacies And Drug Stores Market, Segmentation By Drug Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 9: India, Pharmacies And Drug Stores Market, Segmentation By Drug Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 10: Japan, Pharmacies And Drug Stores Market, Segmentation By Drug Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 11: Australia, Pharmacies And Drug Stores Market, Segmentation By Drug Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 12: Indonesia, Pharmacies And Drug Stores Market, Segmentation By Drug Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 13: South Korea, Pharmacies And Drug Stores Market, Segmentation By Drug Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 14: Western Europe, Pharmacies And Drug Stores Market, Segmentation By Drug Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 15: UK, Pharmacies And Drug Stores Market, Segmentation By Drug Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 16: Germany, Pharmacies And Drug Stores Market, Segmentation By Drug Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 17: France, Pharmacies And Drug Stores Market, Segmentation By Drug Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 18: Eastern Europe, Pharmacies And Drug Stores Market, Segmentation By Drug Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 19: Russia, Pharmacies And Drug Stores Market, Segmentation By Drug Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 20: North America, Pharmacies And Drug Stores Market, Segmentation By Drug Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 21: USA, Pharmacies And Drug Stores Market, Segmentation By Drug Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 22: South America, Pharmacies And Drug Stores Market, Segmentation By Drug Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 23: Brazil, Pharmacies And Drug Stores Market, Segmentation By Drug Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 24: Middle East, Pharmacies And Drug Stores Market, Segmentation By Drug Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 25: Africa, Pharmacies And Drug Stores Market, Segmentation By Drug Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 26: Walgreens Boots (WBA) Financial Performance
Table 27: CVS Health (CVS) Financial Performance
Table 28: Rite Aid (RAD) Financial Performance
Table 29: MedPlus Financial Performance
Table 30: Rexall Financial Performance
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