Pharmacy Market in US

The pharmacy market in US is forecasted to grow by USD 84.46 billion during 2022-2027, accelerating at a CAGR of 3.01% during the forecast period. The report on the pharmacy market in US provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing aging population, technological advancements, and rising awareness of consumer health and wellness.

The pharmacy market in US is segmented as below:

By Product

Prescription
OTC

By Ownership

Pharmacy chain
Independent

By Type

Retail pharmacy
Hospital pharmacy
Others

This study identifies the increasing use of telepharmacy services as one of the prime reasons driving the pharmacy market in US growth during the next few years. Also, growth of specialty pharmacies and expanding the scope of patients for pharmacists will lead to sizable demand in the market.

The report on the pharmacy market in US covers the following areas:

pharmacy market in US sizing
pharmacy market in US forecast
pharmacy market in US industry analysis

A robust vendor analysis within the report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading pharmacy market in US vendors that include Albertsons Companies Inc., Cardinal Health Inc., CVS Health Corp., Humana Inc., McKesson Corp., Rite Aid Corp., The Cigna Group, The Kroger Co., UnitedHealth Group Inc., Walgreens Boots Alliance Inc., and Walmart Inc. Also, the pharmacy market in US analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

1 Executive Summary

1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Country Market Characteristics
Executive Summary - Chart on Market Segmentation by Product
Executive Summary - Chart on Market Segmentation by Ownership
Executive Summary - Chart on Market Segmentation by Type
Executive Summary - Chart on Company Market Positioning

2 Market Landscape

2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis

3 Market Sizing

3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on US - Market size and forecast 2023-2028 ($ billion)
Data Table on US - Market size and forecast 2023-2028 ($ billion)
Chart on US: Year-over-year growth 2023-2028 (%)
Data Table on US: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Pharmacy Market in US 2018 - 2022
Historic Market Size - Data Table on Pharmacy Market in US 2018 - 2022 ($ billion)
4.2 Product segment analysis 2018 - 2022
Historic Market Size - Product Segment 2018 - 2022 ($ billion)
4.3 Ownership segment analysis 2018 - 2022
Historic Market Size - Ownership Segment 2018 - 2022 ($ billion)
4.4 Type segment analysis 2018 - 2022
Historic Market Size - Type Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Product

6.1 Market segments
Chart on Product - Market share 2023-2028 (%)
Data Table on Product - Market share 2023-2028 (%)
6.2 Comparison by Product
Chart on Comparison by Product
Data Table on Comparison by Product
6.3 Prescription - Market size and forecast 2023-2028
Chart on Prescription - Market size and forecast 2023-2028 ($ billion)
Data Table on Prescription - Market size and forecast 2023-2028 ($ billion)
Chart on Prescription - Year-over-year growth 2023-2028 (%)
Data Table on Prescription - Year-over-year growth 2023-2028 (%)
6.4 OTC - Market size and forecast 2023-2028
Chart on OTC - Market size and forecast 2023-2028 ($ billion)
Data Table on OTC - Market size and forecast 2023-2028 ($ billion)
Chart on OTC - Year-over-year growth 2023-2028 (%)
Data Table on OTC - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Product
Market opportunity by Product ($ billion)
Data Table on Market opportunity by Product ($ billion)

7 Market Segmentation by Ownership

7.1 Market segments
Chart on Ownership - Market share 2023-2028 (%)
Data Table on Ownership - Market share 2023-2028 (%)
7.2 Comparison by Ownership
Chart on Comparison by Ownership
Data Table on Comparison by Ownership
7.3 Pharmacy chain - Market size and forecast 2023-2028
Chart on Pharmacy chain - Market size and forecast 2023-2028 ($ billion)
Data Table on Pharmacy chain - Market size and forecast 2023-2028 ($ billion)
Chart on Pharmacy chain - Year-over-year growth 2023-2028 (%)
Data Table on Pharmacy chain - Year-over-year growth 2023-2028 (%)
7.4 Independent - Market size and forecast 2023-2028
Chart on Independent - Market size and forecast 2023-2028 ($ billion)
Data Table on Independent - Market size and forecast 2023-2028 ($ billion)
Chart on Independent - Year-over-year growth 2023-2028 (%)
Data Table on Independent - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by Ownership
Market opportunity by Ownership ($ billion)
Data Table on Market opportunity by Ownership ($ billion)

8 Market Segmentation by Type

8.1 Market segments
Chart on Type - Market share 2023-2028 (%)
Data Table on Type - Market share 2023-2028 (%)
8.2 Comparison by Type
Chart on Comparison by Type
Data Table on Comparison by Type
8.3 Retail pharmacy - Market size and forecast 2023-2028
Chart on Retail pharmacy - Market size and forecast 2023-2028 ($ billion)
Data Table on Retail pharmacy - Market size and forecast 2023-2028 ($ billion)
Chart on Retail pharmacy - Year-over-year growth 2023-2028 (%)
Data Table on Retail pharmacy - Year-over-year growth 2023-2028 (%)
8.4 Hospital pharmacy - Market size and forecast 2023-2028
Chart on Hospital pharmacy - Market size and forecast 2023-2028 ($ billion)
Data Table on Hospital pharmacy - Market size and forecast 2023-2028 ($ billion)
Chart on Hospital pharmacy - Year-over-year growth 2023-2028 (%)
Data Table on Hospital pharmacy - Year-over-year growth 2023-2028 (%)
8.5 Others - Market size and forecast 2023-2028
Chart on Others - Market size and forecast 2023-2028 ($ billion)
Data Table on Others - Market size and forecast 2023-2028 ($ billion)
Chart on Others - Year-over-year growth 2023-2028 (%)
Data Table on Others - Year-over-year growth 2023-2028 (%)
8.6 Market opportunity by Type
Market opportunity by Type ($ billion)
Data Table on Market opportunity by Type ($ billion)

9 Customer Landscape

9.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

10 Drivers, Challenges, and Opportunity/Restraints

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Impact of drivers and challenges in 2023 and 2028
10.4 Market opportunities/restraints

11 Competitive Landscape

11.1 Overview
11.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
11.3 Landscape disruption
Overview on factors of disruption
11.4 Industry risks
Impact of key risks on business

12 Competitive Analysis

12.1 Companies profiled
Companies covered
12.2 Market positioning of companies
Matrix on companies position and classification
12.3 Albertsons Companies Inc.
Albertsons Companies Inc. - Overview
Albertsons Companies Inc. - Product / Service
Albertsons Companies Inc. - Key news
Albertsons Companies Inc. - Key offerings
12.4 Cardinal Health Inc.
Cardinal Health Inc. - Overview
Cardinal Health Inc. - Business segments
Cardinal Health Inc. - Key news
Cardinal Health Inc. - Key offerings
Cardinal Health Inc. - Segment focus
12.5 CVS Health Corp.
CVS Health Corp. - Overview
CVS Health Corp. - Business segments
CVS Health Corp. - Key offerings
CVS Health Corp. - Segment focus
12.6 Humana Inc.
Humana Inc. - Overview
Humana Inc. - Business segments
Humana Inc. - Key offerings
Humana Inc. - Segment focus
12.7 McKesson Corp.
McKesson Corp. - Overview
McKesson Corp. - Business segments
McKesson Corp. - Key news
McKesson Corp. - Key offerings
McKesson Corp. - Segment focus
12.8 Rite Aid Corp.
Rite Aid Corp. - Overview
Rite Aid Corp. - Business segments
Rite Aid Corp. - Key offerings
Rite Aid Corp. - Segment focus
12.9 The Cigna Group
The Cigna Group - Overview
The Cigna Group - Product / Service
The Cigna Group - Key offerings
12.10 The Kroger Co.
The Kroger Co. - Overview
The Kroger Co. - Product / Service
The Kroger Co. - Key news
The Kroger Co. - Key offerings
12.11 United Health Group Inc.
United Health Group Inc. - Overview
United Health Group Inc. - Business segments
United Health Group Inc. - Key offerings
United Health Group Inc. - Segment focus
12.12 Walgreens Boots Alliance Inc.
Walgreens Boots Alliance Inc. - Overview
Walgreens Boots Alliance Inc. - Business segments
Walgreens Boots Alliance Inc. - Key news
Walgreens Boots Alliance Inc. - Key offerings
Walgreens Boots Alliance Inc. - Segment focus
12.13 Walmart Inc.
Walmart Inc. - Overview
Walmart Inc. - Business segments
Walmart Inc. - Key news
Walmart Inc. - Key offerings
Walmart Inc. - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
13.3 Currency conversion rates for US$
Currency conversion rates for US$
13.4 Research methodology
Research methodology
13.5 Data procurement
Information sources
13.6 Data validation
Data validation
13.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
13.8 Data synthesis
Data synthesis
360 degree market analysis
360 degree market analysis
13.10 List of abbreviations
List of abbreviations

List of Exhibits

Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Country Market Characteristics
Exhibits 4: Executive Summary - Chart on Market Segmentation by Product
Exhibits 5: Executive Summary - Chart on Market Segmentation by Ownership
Exhibits 6: Executive Summary - Chart on Market Segmentation by Type
Exhibits 7: Executive Summary - Chart on Company Market Positioning
Exhibits 8: Parent Market
Exhibits 9: Data Table on - Parent Market
Exhibits 10: Market characteristics analysis
Exhibits 11: Value Chain Analysis
Exhibits 12: Offerings of companies included in the market definition
Exhibits 13: Market segments
Exhibits 14: Chart on US - Market size and forecast 2023-2028 ($ billion)
Exhibits 15: Data Table on US - Market size and forecast 2023-2028 ($ billion)
Exhibits 16: Chart on US: Year-over-year growth 2023-2028 (%)
Exhibits 17: Data Table on US: Year-over-year growth 2023-2028 (%)
Exhibits 18: Historic Market Size - Data Table on Pharmacy Market in US 2018 - 2022 ($ billion)
Exhibits 19: Historic Market Size - Product Segment 2018 - 2022 ($ billion)
Exhibits 20: Historic Market Size - Ownership Segment 2018 - 2022 ($ billion)
Exhibits 21: Historic Market Size - Type Segment 2018 - 2022 ($ billion)
Exhibits 22: Five forces analysis - Comparison between 2023 and 2028
Exhibits 23: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits 24: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits 25: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits 26: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits 27: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits 28: Chart on Market condition - Five forces 2023 and 2028
Exhibits 29: Chart on Product - Market share 2023-2028 (%)
Exhibits 30: Data Table on Product - Market share 2023-2028 (%)
Exhibits 31: Chart on Comparison by Product
Exhibits 32: Data Table on Comparison by Product
Exhibits 33: Chart on Prescription - Market size and forecast 2023-2028 ($ billion)
Exhibits 34: Data Table on Prescription - Market size and forecast 2023-2028 ($ billion)
Exhibits 35: Chart on Prescription - Year-over-year growth 2023-2028 (%)
Exhibits 36: Data Table on Prescription - Year-over-year growth 2023-2028 (%)
Exhibits 37: Chart on OTC - Market size and forecast 2023-2028 ($ billion)
Exhibits 38: Data Table on OTC - Market size and forecast 2023-2028 ($ billion)
Exhibits 39: Chart on OTC - Year-over-year growth 2023-2028 (%)
Exhibits 40: Data Table on OTC - Year-over-year growth 2023-2028 (%)
Exhibits 41: Market opportunity by Product ($ billion)
Exhibits 42: Data Table on Market opportunity by Product ($ billion)
Exhibits 43: Chart on Ownership - Market share 2023-2028 (%)
Exhibits 44: Data Table on Ownership - Market share 2023-2028 (%)
Exhibits 45: Chart on Comparison by Ownership
Exhibits 46: Data Table on Comparison by Ownership
Exhibits 47: Chart on Pharmacy chain - Market size and forecast 2023-2028 ($ billion)
Exhibits 48: Data Table on Pharmacy chain - Market size and forecast 2023-2028 ($ billion)
Exhibits 49: Chart on Pharmacy chain - Year-over-year growth 2023-2028 (%)
Exhibits 50: Data Table on Pharmacy chain - Year-over-year growth 2023-2028 (%)
Exhibits 51: Chart on Independent - Market size and forecast 2023-2028 ($ billion)
Exhibits 52: Data Table on Independent - Market size and forecast 2023-2028 ($ billion)
Exhibits 53: Chart on Independent - Year-over-year growth 2023-2028 (%)
Exhibits 54: Data Table on Independent - Year-over-year growth 2023-2028 (%)
Exhibits 55: Market opportunity by Ownership ($ billion)
Exhibits 56: Data Table on Market opportunity by Ownership ($ billion)
Exhibits 57: Chart on Type - Market share 2023-2028 (%)
Exhibits 58: Data Table on Type - Market share 2023-2028 (%)
Exhibits 59: Chart on Comparison by Type
Exhibits 60: Data Table on Comparison by Type
Exhibits 61: Chart on Retail pharmacy - Market size and forecast 2023-2028 ($ billion)
Exhibits 62: Data Table on Retail pharmacy - Market size and forecast 2023-2028 ($ billion)
Exhibits 63: Chart on Retail pharmacy - Year-over-year growth 2023-2028 (%)
Exhibits 64: Data Table on Retail pharmacy - Year-over-year growth 2023-2028 (%)
Exhibits 65: Chart on Hospital pharmacy - Market size and forecast 2023-2028 ($ billion)
Exhibits 66: Data Table on Hospital pharmacy - Market size and forecast 2023-2028 ($ billion)
Exhibits 67: Chart on Hospital pharmacy - Year-over-year growth 2023-2028 (%)
Exhibits 68: Data Table on Hospital pharmacy - Year-over-year growth 2023-2028 (%)
Exhibits 69: Chart on Others - Market size and forecast 2023-2028 ($ billion)
Exhibits 70: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
Exhibits 71: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibits 72: Data Table on Others - Year-over-year growth 2023-2028 (%)
Exhibits 73: Market opportunity by Type ($ billion)
Exhibits 74: Data Table on Market opportunity by Type ($ billion)
Exhibits 75: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 76: Impact of drivers and challenges in 2023 and 2028
Exhibits 77: Overview on criticality of inputs and factors of differentiation
Exhibits 78: Overview on factors of disruption
Exhibits 79: Impact of key risks on business
Exhibits 80: Companies covered
Exhibits 81: Matrix on companies position and classification
Exhibits 82: Albertsons Companies Inc. - Overview
Exhibits 83: Albertsons Companies Inc. - Product / Service
Exhibits 84: Albertsons Companies Inc. - Key news
Exhibits 85: Albertsons Companies Inc. - Key offerings
Exhibits 86: Cardinal Health Inc. - Overview
Exhibits 87: Cardinal Health Inc. - Business segments
Exhibits 88: Cardinal Health Inc. - Key news
Exhibits 89: Cardinal Health Inc. - Key offerings
Exhibits 90: Cardinal Health Inc. - Segment focus
Exhibits 91: CVS Health Corp. - Overview
Exhibits 92: CVS Health Corp. - Business segments
Exhibits 93: CVS Health Corp. - Key offerings
Exhibits 94: CVS Health Corp. - Segment focus
Exhibits 95: Humana Inc. - Overview
Exhibits 96: Humana Inc. - Business segments
Exhibits 97: Humana Inc. - Key offerings
Exhibits 98: Humana Inc. - Segment focus
Exhibits 99: McKesson Corp. - Overview
Exhibits 100: McKesson Corp. - Business segments
Exhibits 101: McKesson Corp. - Key news
Exhibits 102: McKesson Corp. - Key offerings
Exhibits 103: McKesson Corp. - Segment focus
Exhibits 104: Rite Aid Corp. - Overview
Exhibits 105: Rite Aid Corp. - Business segments
Exhibits 106: Rite Aid Corp. - Key offerings
Exhibits 107: Rite Aid Corp. - Segment focus
Exhibits 108: The Cigna Group - Overview
Exhibits 109: The Cigna Group - Product / Service
Exhibits 110: The Cigna Group - Key offerings
Exhibits 111: The Kroger Co. - Overview
Exhibits 112: The Kroger Co. - Product / Service
Exhibits 113: The Kroger Co. - Key news
Exhibits 114: The Kroger Co. - Key offerings
Exhibits 115: United Health Group Inc. - Overview
Exhibits 116: United Health Group Inc. - Business segments
Exhibits 117: United Health Group Inc. - Key offerings
Exhibits 118: United Health Group Inc. - Segment focus
Exhibits 119: Walgreens Boots Alliance Inc. - Overview
Exhibits 120: Walgreens Boots Alliance Inc. - Business segments
Exhibits 121: Walgreens Boots Alliance Inc. - Key news
Exhibits 122: Walgreens Boots Alliance Inc. - Key offerings
Exhibits 123: Walgreens Boots Alliance Inc. - Segment focus
Exhibits 124: Walmart Inc. - Overview
Exhibits 125: Walmart Inc. - Business segments
Exhibits 126: Walmart Inc. - Key news
Exhibits 127: Walmart Inc. - Key offerings
Exhibits 128: Walmart Inc. - Segment focus
Exhibits 129: Inclusions checklist
Exhibits 130: Exclusions checklist
Exhibits 131: Currency conversion rates for US$
Exhibits 132: Research methodology
Exhibits 133: Information sources
Exhibits 134: Data validation
Exhibits 135: Validation techniques employed for market sizing
Exhibits 136: Data synthesis
Exhibits 137: 360 degree market analysis
Exhibits 138: List of abbreviations

Executive Summary

The following companies are recognized as the key players in the global pharmacy market in US: Albertsons Companies Inc., Cardinal Health Inc., CVS Health Corp., Humana Inc., McKesson Corp., Rite Aid Corp., The Cigna Group, The Kroger Co., UnitedHealth Group Inc., Walgreens Boots Alliance Inc., and Walmart Inc..

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is increasing use of telepharmacy services."

According to the report, one of the major drivers for this market is the increasing aging population.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

Albertsons Companies Inc.
Cardinal Health Inc.
CVS Health Corp.
Humana Inc.
McKesson Corp.
Rite Aid Corp.
The Cigna Group
The Kroger Co.
United Health Group Inc.
Walgreens Boots Alliance Inc.
Walmart Inc.

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Pharmacy Market in Us 2024-2028

The pharmacy market in US is segmented as below:

By Product

By Ownership

By Type

The report on the pharmacy market in US covers the following areas:

Table of Contents

Executive Summary

Companies Mentioned (Partial List)

The pharmacy market in US is segmented as below:

By Product

By Ownership

By Type

The report on the pharmacy market in US covers the following areas:

Table of Contents

Executive Summary

Companies Mentioned (Partial List)

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