Pharmacies and Healthcare Stores Global Market Report 2021: COVID-19 Impact and Recovery to 2030 provides the strategists, marketers and senior management with the critical information they need to assess the global pharmacies and healthcare stores market as it emerges from the COVID-19 shut down.
Reasons to Purchase
Description:
Where is the largest and fastest growing market for the pharmacies and healthcare stores? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Pharmacies and Healthcare Stores market global report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider pharmacies and healthcare stores market, and compares it with other markets.
Scope
Markets Covered:
1) By Type: Pharmacies and Drug Stores; Other Health and Personal Care Stores
2) By Ownership: Retail Chain; Independent Retailer
Companies Mentioned: MedPlus; Medzone; Medicap; Apollo Pharmacy; Discount Drug Stores
Metrics Covered: Number of Enterprises; Number of Employees
Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita, pharmacies and healthcare stores indicators comparison.
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Description:
Where is the largest and fastest growing market for the pharmacies and healthcare stores? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Pharmacies and Healthcare Stores market global report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider pharmacies and healthcare stores market, and compares it with other markets.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery.
- Market segmentations break down market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
- The pharmacies and healthcare stores market section of the report gives context. It compares the pharmacies and healthcare stores market with other segments of the retail market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, pharmacies and healthcare stores indicators comparison.
Scope
Markets Covered:
1) By Type: Pharmacies and Drug Stores; Other Health and Personal Care Stores
2) By Ownership: Retail Chain; Independent Retailer
Companies Mentioned: MedPlus; Medzone; Medicap; Apollo Pharmacy; Discount Drug Stores
Metrics Covered: Number of Enterprises; Number of Employees
Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita, pharmacies and healthcare stores indicators comparison.
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Frequently Asked Questions about the Global Pharmacies and Healthcare Stores Market
What is the estimated value of the Global Pharmacies and Healthcare Stores Market?
What is the growth rate of the Global Pharmacies and Healthcare Stores Market?
What is the forecasted size of the Global Pharmacies and Healthcare Stores Market?
Who are the key companies in the Global Pharmacies and Healthcare Stores Market?
Report Attribute | Details |
---|---|
Published | January 2021 |
Forecast Period | 2021 - 2025 |
Estimated Market Value ( USD | $ 1060.07 billion |
Forecasted Market Value ( USD | $ 1307.05 billion |
Compound Annual Growth Rate | 5.4% |
Regions Covered | Global |
Table of Contents
1. Executive Summary2. Report Structure7. Pharmacies and Healthcare Stores Market Trends And Strategies8. Impact Of COVID-19 On Pharmacies and Healthcare Stores21. Key Mergers And Acquisitions In The Pharmacies and Healthcare Stores Market25. Copyright And Disclaimer
3. Pharmacies and Healthcare Stores Market Characteristics
4. Pharmacies and Healthcare Stores Market Product Analysis
5. Pharmacies and Healthcare Stores Market Supply Chain
6. Pharmacies and Healthcare Stores Market Customer Information
9. Pharmacies and Healthcare Stores Market Size And Growth
10. Pharmacies and Healthcare Stores Market Regional Analysis
11. Pharmacies and Healthcare Stores Market Segmentation
12. Pharmacies and Healthcare Stores Market Metrics
13. Asia-Pacific Pharmacies and Healthcare Stores Market
14. Western Europe Pharmacies and Healthcare Stores Market
15. Eastern Europe Pharmacies and Healthcare Stores Market
16. North America Pharmacies and Healthcare Stores Market
17. South America Pharmacies and Healthcare Stores Market
18. Middle East Pharmacies and Healthcare Stores Market
19. Africa Pharmacies and Healthcare Stores Market
20. Pharmacies and Healthcare Stores Market Competitive Landscape
22. Market Background: Retail Market
23. Recommendations
24. Appendix
Executive Summary
Major companies in the pharmacies and healthcare stores market include MedPlus; Medzone; Medicap; Apollo Pharmacy and Discount Drug Stores.The global pharmacies and healthcare stores market is expected to grow from $1004.83 billion in 2020 to $1060.07 billion in 2021 at a compound annual growth rate (CAGR) of 5.5%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1307.05 billion in 2025 at a CAGR of 5%.
The pharmacies and healthcare stores market consists of sales of pharmaceuticals and healthcare products by entities (organizations, sole traders and partnerships) that sell pharmaceuticals and healthcare products such as drugs, medical devices, and other personal care products through pharmacies and other health and personal care stores. The pharmacies and healthcare stores market is segmented into pharmacies and drug stores and other health and personal care stores.
North America was the largest region in the global pharmacies and healthcare stores market, accounting for 33% of the market in 2020. Asia Pacific was the second largest region accounting for 27% of the global pharmacies and healthcare stores market. Africa was the smallest region in the global pharmacies and healthcare stores market.
Pharmacies are increasingly using medicine vending machines to service customers especially in remote locations where they cannot invest in opening an establishment and stationing pharmacists. Medicine vending machine is equipped with a phone, internet connection, a prescription scanner, in-built POS machine and up to 2,000 packs of commonly used prescription drugs. The machine identifies drugs with the help of microchip attached on the packs. The vending machine also allows patients to discuss with a pharmacist via video link. The pharmacist checks the prescription and authorizes the transaction and then the patients can pay either by inserting cash into the machine or through a debit or credit card. Once the payment is confirmed, the medicines can be collected from drop box of the machine. For instance, PharmaTrust, a Canadian company has developed vending machines and has installed them in the UK. Patients go up to the PharmaTrust kiosk, insert their prescription, scan their health card, then pick up the phone and talk personally to an on-call pharmacist. The pharmacist determines if the medication is appropriate and then authorizes the transaction. Arizona State University and Florida State University installed pharmaceutical vending machines to dispense a wide range of drugs in their Student Health Services buildings.
The outbreak of Coronavirus disease (COVID-19) has acted as a massive restraint on the pharmacies and healthcare stores market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID 19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally including Western Europe, North America and Asia. Steps by national governments to contain the transmission have resulted in decline in manufacture and trade of non-essential goods and an overall decline in economic activity with countries entering a state of 'lock down' and the outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the pharmacies and healthcare stores market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy.
The pharmacies and healthcare stores market is expected to benefit from steady economic growth forecasted for many developed and developing countries. The International Monetary Fund (IMF) predicts that the global GDP growth will be 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a decline in the historic period is further expected to be a significant factor driving economic growth. The US economy is expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Greater economic growth is likely to drive public and private investments, joint ventures, foreign direct investments in the end-user markets, thereby driving the market during forecast period.
Companies Mentioned
A selection of companies mentioned in this report includes:
- MedPlus
- Medzone
- Medicap
- Apollo Pharmacy
- Discount Drug Stores
Methodology
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