Pharmacies & Drug Stores in Mexico - Industry Market Research Report

Good Rx: Rising consumer spending and health expenditure supported industry growth

Pharmacies & Drug Stores in Mexico
Over the five years to 2019, the Pharmacies and Drug Stores industry in Mexico experienced healthy growth, as the national unemployment rate dipped, universal health care expanded throughout the country and more individuals allocated funds toward healthcare needs. Still, industry revenue experienced moderate volatility during the period, as the percentage of the total population with healthcare fluctuated throughout the period. Over the five years to 2024, industry conditions are forecast to persist, with the percentage of the population with health coverage remaining relatively high, and the national unemployment rate anticipated to continue declining. This industry comprises establishments dedicated primarily to the retail trade of medicines, natural and botanical products and nutritional supplements for human consumption. It also includes establishments dedicated to the retail trade of allopathic medicines for human consumption and of chemical preparations made in the establishment, combined with the trade of perfumery, grocery or hygienic products. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.