Pharmacy Market: Industry Trends and Global Forecasts, till 2035

Pharmacy Market: Industry Trends and Global Forecasts, till 2035

Pharmacy Market: Industry Trends and Global Forecasts, till 2035: Distribution by Type of Pharmacy (Retail Pharmacy, e-pharmacy, Hospital Pharmacy, Other Pharmacies), Type of Product Offered (Drugs / Pharmaceuticals, Medical Devices and Other Pharmacy Products), Availability (Prescription Products and Over-the-counter Products), Type of Drug (Branded / Patented Drugs and Generic Drugs), Type of Drug Molecule (Small Molecules and Biologics), Type of e-pharmacy Platforms (App-based Platforms and Web-based Platforms), Therapeutic Area (Oncological Disorders, Cardiovascular Disorders, Neurological Disorders, Infectious Diseases, Metabolic Disorders, Respiratory Disorders, Dermatological Disorders, Genetic Disorders, Autoimmune / Inflammatory Disorders and Other Disorders), Key Players and Geographical Regions (North America, Europe, Asia-Pacific, Middle East and North Africa and Latin America)

The latest research study delves into the pharmacy industry, examining trends, market analysis, competitive landscape, company competitiveness, value chain, market impact, and forecast opportunities. The increasing prevalence of chronic diseases and the aging population, combined with growing demand for home care, is driving the adoption of online pharmacy services. According to the US health department, approximately 133 million Americans suffer from at least one chronic disease. To address this, pharmacies are offering a wide range of prescription drugs, over-the-counter products, medical devices, and health and wellness products for treatment. Many pharmacies have become "one-stop-shops" offering a variety of products beyond traditional pharmacy services. The global pharmacy industry is shifting towards personalization, sustainability, and online pharmacy services. Pharmacies are adopting automation and digitalization strategies to enhance efficiency, patient safety, and personalized services. The COVID-19 pandemic has accelerated industry growth, with pharmacies offering testing and vaccination services. Pharmacists are now providing additional services like glucose testing, cholesterol screening, and immunizations in community pharmacies. Loyalty programs have become popular in the US, with 33% of consumers joining new programs in 2022. Globally, 57% of consumers used their loyalty points to save money in 2022.

Online pharmacies have experienced rapid growth worldwide, driven by high internet usage and patients' desire to reduce healthcare costs. However, the growth has also led to increased illegal sales of unapproved and misbranded drugs. Varying regulatory environments have resulted in different models of online pharmacies, with prescription-based models in the US and non-prescription models in Europe. As the industry continues to evolve, pharmacies are adopting strategies like micro-fulfillment centers to support prescription drug shipping demand. The shift towards online pharmacy services is expected to drive significant growth in the global pharmacy market value over the forecast period.

Key Market Segments

Type of Pharmacy

• Retail Pharmacy
• e-pharmacy
• Hospital Pharmacy
• Other Pharmacies

Type of Product Offered

• Drugs / Pharmaceuticals
• Medical Devices
• Other Pharmacy Products

Availability

• Prescription Products
• Over-the-counter Products

Type of Drug

• Branded / Patented Drugs
• Generic Drugs

Type of Drug Molecule

• Small Molecules
• Biologics

Type of e-pharmacy Platform

• App-based Platforms
• Web-based Platforms

Therapeutic Area

• Oncological Disorders
• Cardiovascular Disorders
• Neurological Disorders
• Infectious Diseases
• Metabolic Disorders
• Respiratory Disorders
• Dermatological Disorders
• Genetic Disorders
• Autoimmune / Inflammatory Disorders
• Other Disorders

Geographical Regions

• North America
• Europe
• Asia-Pacific
• Middle East and North Africa
• Latin America

Market in North America

• US
• Canada
• Rest of North America

Market in Europe

• Germany
• France
• Italy
• UK
• Spain
• Rest of Europe

Market in Asia-Pacific

• Japan
• China
• India
• Korea
• Australia
• New Zealand
• Rest of Asia-Pacific

Market in Middle East and

North Africa

• Egypt
• Israel
• Saudi Arabia
• Rest of Middle East and North Africa

Market in Latin America

• Brazil
• Rest of Latin America

Research Coverage:

• This report provides an overview provides a comprehensive look at the pharmacy industry, highlighting technological advancements. It highlights the involvement of the regulatory bodies, offering insights into the current state and future prospects of pharmacy domain.
• This report offers a comprehensive analysis of several relevant factors influencing the growth of the market, including key drivers, restraints, emerging opportunities, and existing challenges, providing a detailed understanding of the market's dynamics and potential future trajectory.
• This report provides a comprehensive estimate of the current pharmacy market value and its future growth potential over the next decade. Our analysis is based on multiple factors, including adoption trends and reliable secondary and primary data. We have also provided an informed forecast of the market's evolution during the forecast period, along with an assessment of the current and forecasted opportunity distribution within the pharmacy industry. To ensure robustness and account for future uncertainties, we have presented three forecast scenarios: conservative, base, and optimistic, representing different growth trajectories of the market.
• Comprehensive projections of the current and future opportunity in the pharmacies market across different types of pharmacies, such as retail pharmacy, e-pharmacy, hospital pharmacy and other pharmacies.
• Comprehensive projections of the current and future opportunity in the pharmacy market across different types of products offered, such as drugs / pharmaceuticals, medical devices and other pharmacy products.
• The report provides detailed projections of the current and future market opportunity based on the availability, prescription and over-the-counter products in this domain.
• Detailed projections of the current and future opportunity in the pharmacy industry across various types of drugs, such as branded / patented drugs and generic drugs.
• Comprehensive projections of the current and future opportunity in the pharmacies market across different types of drug molecule, such as small molecules and biologics.
• Comprehensive projections of the current and future opportunity in the pharmacy industry across various types of e-pharmacy platform, such as app-based and web-based platforms.
• Comprehensive projections of the current and future opportunity in the pharmacy market based on therapeutic area, such as oncological disorders, cardiovascular disorders, neurological disorders, infectious diseases, metabolic disorders, respiratory disorders, dermatological disorders, genetic disorders, autoimmune / inflammatory disorders and other disorders.
• Detailed predictions of the current and future opportunity for pharmacies across different geographical regions, such as North America, Europe, Asia-Pacific, Middle East and North Africa, and Latin America.
• Comprehensive predictions of the current and future opportunity in pharmacies market, based on type of pharmacy, product offered, availability and therapeutic area, across different countries, such as the US, Canada and rest of North America
• Comprehensive projections of the current and future opportunity in pharmacy market, based on type of pharmacy, product offered, availability and therapeutic area, across different countries, such as Germany, France, Italy, the UK, Spain and rest of Europe.
• The report provides detailed projections of the current and future market opportunity in the pharmacy industry, segmented by pharmacy type, product, availability, therapeutic area, and country, including Japan, China, India, Korea, Australia, New Zealand, and the rest of Asia-Pacific.
• Comprehensive projections of the current and future opportunity in pharmacies market, based on type of pharmacy, product offered, availability and therapeutic area, across different countries, such as Egypt, Israel, Saudi Arabia and rest of Middle East and North Africa.
• Comprehensive projections of the current and future opportunity in pharmacy market, on the basis of types of pharmacy, product offered, availability and therapeutic area, across different countries, such as Brazil and rest of Latin America.
• Detailed projections of the current and future opportunity in the pharmacy industry across different key players.
• The report provides a comprehensive overview of the current market landscape of leading pharmacies, including details on their year of establishment, company size, ownership structure, and geographical location of headquarters. This information is provided for each pharmacy, covering North America, Europe, Asia-Pacific, Middle East and North Africa, and Latin America.
• The report conducts a comprehensive analysis of the competitiveness of leading pharmacies, evaluating key factors such as company strength (years of experience), financial performance (annual revenues), and geographic presence (reach and ownership). This analysis provides valuable insights into the competitive landscape of the pharmacies market.
• Comprehensive profiles of leading players in the pharmacy market. Each company profile features a brief overview of the company (including company’s mission statement, year of establishment, number of employees, location of headquarters, business segments and leadership team), pharmacy related offerings, financial information and details related to its recent developments and an informed future outlook.
• The report includes detailed profiles of prominent pharmacy players, featuring company overviews, including mission statements, establishment years, employee counts, headquarters locations, business segments, and executive team members, as well as their pharmacy offerings.

The report conducts a comprehensive value chain analysis, examining the pharmaceutical and medical device industries from raw material sourcing to patient delivery, identifying key stakeholders and opportunities for improvement to optimize profitability.

Key Benefits of Buying this Report

• The report offers market leaders and newcomers valuable insights into revenue estimations for both the overall market and its sub-segments.
• Stakeholders can utilize the report to enhance their understanding of the competitive landscape, allowing for improved business positioning and more effective go-to-market strategies.
• The report provides stakeholders with a pulse on the Pharmacy Market, furnishing them with essential information on significant market drivers, barriers, opportunities, and challenges.

Leading Market Companies

• Ahold Delhaize
• Albertsons
• A.S. Watson
• Bestway
• Cardinal Health
• Cigna (Express Scripts)
• COSMOS
• Costco
• CVS Health
• Dirk Rossmann
• Dr. Max
• Good Neighbor Pharmacy
• Health Mart
• Kroger
• Matsumoto Kiyoshi
• Phoenix
• Rite Aid
• The Jean Coutu
• Walmart
• Walgreens Boots Alliance
• Well Pharmacy