The Global Pharmacy Retail Market size was reasonably estimated to be approximately USD 6,12,310.00 Million in 2022 and is poised to generate revenue over USD 15,03,944.65 Million by the end of 2030, projecting a CAGR of around 10.50% from 2022 to 2030.
Pharmacy Retail is also known as community pharmacies. The retail community pharmacy refers to a chain or independent pharmacy that is authorized by the State to supply drugs to the general public at retail pricing. For convenience, these pharmacies are frequently dispersed across the community. Retail pharmacies handle different prescription and over-the-counter medicines for treating diseases. Retail pharmacies deal with a range of prescription and OTC drugs for treating common ailments. Retail pharmacies sell a variety of products, including allergy medications, drugs to lower blood pressure, antibiotics, and cold and flu treatments.
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The Report Will Include A Major Chapter
· Patent Analysis
· Regulatory Framework
· Technology Roadmap
· BCG Matrix
· Heat Map Analysis
· Price Trend Analysis
· Investment Analysis
Market Dynamics and Factors:
Due to the presence of major key players, CVS Health, Walgreens Boots Alliance, and other drives the market growth in this region. Increasing respiratory diseases like chronic obstructive pulmonary disease and asthma that required more medicines drive the market growth. For instance, according to the asthma and allergic foundation of America, there are approximately 25 million people in the United State have asthma. This equals about 1 in 13 people. So, increased demand for medicine for asthmatic patients drives the pharmacy retail market growth.
Scope of the Report:
overview of the market for the years 2023 to 2030. It gives a comprehensive picture of the global Pharmacy Retail Market industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Pharmacy Retail Market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.
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Top Key Players Covered In The Pharmacy Retail Market:
· CVS Health(US)
· Albertsons Companies (US)
· Ahold Delhaize (Netherlands)
· The Jean Coutu Group (PJC) Inc (Canada)
· Walgreens Boots Alliance, Inc (US)
· Wellness Forever Pharmacy (India)
· Dirk Rossmann GmbH (Germany)
· Rite Aid Corp (US)
· MedPlus Health Services Private Limited (India), and Other Major Players
Key Industry Development:
In February 2023, Aster Pharmacy, a division of Aster DM Healthcare, one of the major private healthcare service providers in the GCC and India, announced the launch of its 250th pharmacy in the country. In September of last year, Aster Pharmacy branded retail pharmacies operated by Alfaone Retail Pharmacies Private Limited announced the opening of the 200th outlet.
In January 2023, Amazon further entrenched itself in the retail pharmacy market with the launch of RxPass, a new perk in its Prime customer benefits program that offers members a range of generic prescription drugs for a flat monthly fee.
In August 2021, Wellness Forever Medicare Limited, India’s neighborhood pharmacy, opened 15 new stores across India. Strengthening its presence to 250+ stores in the country, these newly opened stores will operate 24 hours for the wellness of its consumers.
Pharmacy Retail Market Segmentation:
By Drug Type
· Prescription Drugs
· Over the Counter Drugs
By Distribution Channels
· Online
· Offline
For this report, Introspective Market Research has segmented the Pharmacy Retail Market based on region:
§ North America (U.S., Canada, Mexico)
§ Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
§ Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
§ Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
§ Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
§ South America (Brazil, Argentina, Rest of SA)
Table of Content:
Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Drug Type
3.2 By Distribution Channels
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 5: Pharmacy Retail Market by Drug Type
5.1 Pharmacy Retail Market Overview Snapshot and Growth Engine
5.2 Pharmacy Retail Market Overview
5.3 Prescription Drugs
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2016-2030F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Prescription Drugs: Geographic Segmentation
5.4 Over the Counter Drugs
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size (2016-2030F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Over the Counter Drugs: Geographic Segmentation
Chapter 6: Pharmacy Retail Market by Distribution Channels
To be continue………
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