Global Pharmacy Retail Market Outlook to 2027
Segmented by Market Structure (Organized & Unorganized); By Product Categories (Prescribed, OTC, Non-Pharmaceutical Products & Medical Equipment), and Geography (North America, Europe, Asia-Pacific, and Rest of the World)
March 2023
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About the Report
About the Report
The report provides a comprehensive analysis of the potential of the Pharmacy Retail industry Globally. The report covers an overview and genesis of the industry, and market size in terms of revenue generated.
Its market segmentations include By Market Structure, By Type of Pharmacy, By Type of Products, By Therapeutic Area, By Drug Type, and Geography; growth enablers and drivers; challenges and bottlenecks; trends driving adoption trends; regulatory framework; end-user analysis, industry analysis, competitive landscape including competition scenario and market shares of major players. The report concludes with future market projections of each market segmentation and analyst recommendations.
Market Overview:
According to Ken Research estimates, Pharmaceutical Retails Market is anticipated to grow at a robust rate due to rising chronic diseases worldwide along with intense competition among the market players. The market is expected to grow at a robust CAGR during 2022-2027 owing to the growing aging population and increasing health consciousness among the global populace.
- Pharmacies are visited approximately twice as frequently as primary care physicians.
- The number of people aged 65 or older is projected to grow to nearly 1.5 billion in 2050, with most of the increase in developing countries, which will drive the retail pharmacy 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.
Key Trends by Market Segment:
By Type of Products: The prescription product type segment accounted for the largest revenue share of more than 50.0% in 2021. The increasing burden of chronic diseases and the growing aging population are driving the demand for prescription medications.
By Drug Type: Generic Drugs dominated the market in terms of revenue largely due to their affordability and availability to the customers in their nearby stores. Patented drugs on the other hand were largely taken by patients with severe diseases taking medicine through prescriptions.
Competitive Landscape
Future Outlook
The Global Pharmacy Retail Market will witness significant growth during the period 2022-2027, owing to the growing aging population and increasing health consciousness among the global populace. Over the forecast period, Pharmaceutical Retails Market is anticipated to grow at an increased rate due to rising chronic diseases worldwide along with intense competition among the market players. Changing disease profiles, innovative marketing strategies, the introduction of new business models and an upsurge in hospital-based pharmacies and wellness stores have been anticipated to propel thrust in the sales of pharmaceutical retail in the future.
Scope Of The Report
Scope of the Report
By Market Structure |
Organized Unorganized |
By Type of Pharmacies |
Community Pharmacies Discount Pharmacies Hospital Pharmacies |
By Type of Products |
Prescribed Drugs Over-The-Counter Non-Pharmaceutical Products Medical Equipment |
By Therapeutic Area |
Anti-Infective Cardiovascular Central Nervous System Pain/Analgesics Vitamins/Minerals/Nutrients Antibiotics Respiratory Gastro-Intestinal Gynecology Others |
By Drug Type |
Patented Drugs Generics |
Region |
North America Europe Asia Pacific Latin America Middle East & Africa |
Products
Products
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report
- Pharmaceutical Manufacturing Companies
- Pharmacy Retail Companies
- Independent Pharmacies
- Industry Associations
- Regulatory Bodies
- Telemedicine Companies
- Pharmaceutical Distributors & Wholesalers
Time Period Captured in the Report
- Historical Period: 2017-2022
- Base Period: 2022
- Forecast Period: 2022-2027
Companies
Major Players Mentioned in the Report
- Ahold Delhaize
- Albertsons Companies Inc.
- Cipla
- CVS Pharmacy
- GlaxoSmithKline
- Loblaw
- Merck KGaA
- Novo Nordisk
- Rite Aid
- Sanofi
- Walgreens Boots Alliance
Table of Contents
Table of Contents
1. Executive Summary
2. Global Pharmacy Retail Market Overview
2.1 Taxonomy of Global Pharmacy Retail Market
2.2 Industry Value Chain
2.3 Ecosystem
2.4 Government Regulations/Initiatives for Global Pharmacy Retail Market
2.5 Growth Drivers of Global Pharmacy Retail Market
2.6 Issues and Challenges of Global Pharmacy Retail Market
2.7 Impact of COVID-19 on Global Pharmacy Retail Market
2.8 PESTLE/SWOT Analysis
3. Global Pharmacy Retail Market Size, 2017 – 2022
4. Global Pharmacy Retail Market Segmentation
4.1 By Type of Pharmacies, 2017 - 2022
4.2 By Type of Products, 2017 - 2022
4.3 By Regional Split (North America/Europe/Asia Pacific/Latin America/Middle East & Africa), 2017 - 2022
5. Competitive Landscape
5.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
5.2 Strategies Adopted by Leading Players
5.3 Company Profiles – (Top 5 - 7 Major Players)
5.3.1 Cipla
5.3.2 Ahold Delhaize
5.3.3 Albertsons Companies Inc.
5.3.4 CVS Pharmacy
5.3.5 Loblaw
5.3.6 Sanofi
5.3.7 Rite Aid
6. Global Pharmacy Retail Future Market Size, 2022 – 2027
7. Global Pharmacy Retail Future Market Segmentation
7.1 By Type of Pharmacies, 2022 - 2027
7.2 By Type of Products, 2022 - 2027
7.3 By Regional Split (North America/Europe/Asia Pacific/Latin America/Middle East & Africa), 2022 - 2027
8. Analyst Recommendations
9. Research Methodology
10. Disclaimer
11. Contact Us
Research Methodology
Research Methodology
Step 1: Identifying Key Variables:
Exhaustive research is done to identify the list of major players which have a presence in the Pharmacy Retail Market Globally.
Step 2: Market Building:
Exhaustive secondary research done on the Pharmacy Retail Market. Gathered information on the Pharmacy Retail Market from several industry articles, company websites, blogs, and industry reports and also gathered data points from our proprietary database.
Step 3: Validating and Finalizing:
Conducted interviews with the management of the companies (C-level executives, Business Development head, Regional Head, Operations Manager, Area Sales Manager, & others).
Step 4: Research output:
To validate the data points gathered from the interviews, our team then did mystery calling to the companies dealing in the Pharmacy Retail Market Globally. The team also tried to understand their operating and financial indicators including revenue, business models, geographical presence, focus areas, business verticals, and services offered among others.
Frequently Asked Questions
Frequently Asked Questions
01 What is the Study Period of this Market Report?
The Global Pharmacy Retail Market is covered from 2017–2027 in this report, including a forecast for 2022-2027.
02 Which product type will witness the highest growth in the Global Pharmacy Retail Market?
The Prescribed drug will witness the highest growth in the future in the Pharmacy Retail industry.
03 What are the Key Factors Driving the Global Pharmacy Retail Market?
Changing disease profiles, innovative marketing strategies, the introduction of new business models, and an upsurge in hospital-based pharmacies and wellness stores.
04 Who are the Key Players in the Global Pharmacy Retail Market?
Ahold Delhaize, Albertsons Companies Inc., Cipla, CVS Pharmacy, GlaxoSmithKline, Loblaw, Merck KGaA, Novo Nordisk and Sanofi, etc.
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