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Pharmacy Market Size, Share & Trends Analysis Report by Product Type (Prescription, OTC), by Pharmacy Type (Retail, ePharmacy), by Region (North America, APAC), and Segment Forecasts, 2022-2028

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    Report

  • 150 Pages
  • January 2022
  • Region: Global
  • Grand View Research
  • ID: 5526480
Description Jump to:
The global pharmacy market size is expected to reach USD 1,422.1 billion by 2028, registering a CAGR of 4.3% during the forecast period. Rapid growth in the ePharmacy market is a major parameter driving the market. Drastic growth in the online purchases of medicines during the COVID-19 pandemic along with increasing adoption of digital technologies is supporting the adoption of ePharmacies. In addition, major eCommerce companies are entering the ePharmacy industry, thereby supporting market growth potential.



For instance, in November 2020, Amazon launched an online pharmacy known as Amazon Pharmacy for selling prescription drugs in the U.S. Pharmacies are adopting different automation systems and robots for automated packaging, labeling, filling and dispensing to improve pharmacy efficiency and reduce prescription filling time. For instance, in January 2021, Walgreens Boots Alliance, announced a major investment in iA, an automation provider for hospital, retail, mail order, and federal healthcare pharmacies. Moreover, pharmacies are offering customized support and personalized services using Artificial Intelligence (AI) and mobile applications.

Many pharmacies have started introducing clinical programs for improving adherence to medications and enhancing health outcomes. In addition, they are increasing patient engagement with subscription and loyalty programs. Pharmacies are offering prescription refills over the internet through websites, mobile applications, and automated telephonic systems. Increasing adoption of automation technologies and digitalization initiatives by key players are driving the growth of the market.

Pharmacy Market Report Highlights

  • Prescription product type emerged as the leading application segment in 2021 with a revenue share of more than 82%
  • The retail pharmacy segment accounted for the maximum revenue share in 2021
  • Among all the regions, North America accounted for the largest revenue share in 2021, whereas Asia Pacific is projected to expand at the fastest CAGR during the forecast period
  • Major pharmacy chains are adopting various initiatives and awareness programs to increase market share
  • For instance, in November 2021, Walgreens announced that it will be offering Johnson & Johnson, Moderna, and Pfizer vaccine boosters in all its stores to individuals above 18 years of age
  • In November 2021, Hy-Vee Pharmacies announced the availability of COVID-19 boosters for all individuals aged above 18 years
  • Pharmacies are offering various services, such as blood pressure measurement, emergency contraception, glucose measurement, weight measurement, vaccination, cholesterol measurement, asthma management, hypertension management, and medicinal use review. This, in turn, is estimated to drive the market


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Table of Contents

Chapter 1 Methodology and Scope
1.1 Market Segmentation and Scope
1.2 Market Definition
1.3 Research Methodology
1.3.1 Information Procurement
1.3.1.1 Purchased database:
1.3.1.2 Internal database
1.3.2 Primary Research:
1.4 Research Scope and Assumptions
1.5 List to Data Sources
Chapter 2 Executive Summary
2.1 Global Pharmacy Market Outlook
2.2 Global Pharmacy Market Segment Outlook
2.3 Global Pharmacy Market Competitive Insight
2.4 Global Pharmacy Snapshot
Chapter 3 Global Pharmacy Market Variables, Trends, & Scope
3.1 Pharmacy Market Snapshot
3.2 Penetration and Growth Prospect Mapping
3.3 Market Dynamics
3.3.1 Market Driver Analysis
3.3.2 Market Restraint Analysis
3.3.3 Industry Challenges
3.3.2 Market Opportunity Analysis
3.4 Global Pharmacy Market Analysis Tools
3.4.1 Industry Analysis-Porter’s
3.4.1.1 Bargaining power of the suppliers
3.4.1.2 Bargaining power of the buyers
3.4.1.3 Threats of substitution
3.4.1.4 Threats from new entrants
3.4.1.5 Competitive rivalry
3.4.2 PESTEL Analysis
3.4.2.1 Political landscape
3.4.2.2 Economic and Social landscape
3.4.2.3 Technology landscape
3.4.2.4 Legal landscape
3.4.2.5 Technology landscape
3.5 Impact of COVID-19 on Pharmacy Market
Chapter 4 Global Pharmacy Market: Competitive Analysis
4.1 Recent Developments & Impact Analysis, By Key Market Participants
4.2 Company/Competition Categorization (Key innovators, market leaders, emerging players)
4.3 Vendor Landscape
4.3.1 Public Companies
4.3.1.1 Company Market Position Analysis
4.3.1.2 Company Market Ranking, By Region
4.3.2 Private Companies
4.3.2.1 Regional network map
4.3.2.2 Company market position analysis
Chapter 5 Global Pharmacy Market: Product Type Estimates & Trend Analysis
5.1 Definitions & Scope
5.2 Global Pharmacy Market: Product Type Market Share Analysis, 2021 and 2028
5.3 Prescription
5.3.1 Prescription market estimates and forecasts, 2016-2028 (USD Million)
5.4 OTC
5.4.1 OTC market estimates and forecasts, 2016-2028 (USD Million)
Chapter 6 Global Pharmacy Market: Pharmacy Type Estimates & Trend Analysis
6.1 Definitions & Scope
6.2 Global Pharmacy Market: Pharmacy Type Market Share Analysis, 2021 and 2028
6.3 Hospital Pharmacy
6.3.1 Hospital pharmacy market estimates and forecasts, 2016-2028 (USD Million)
6.4 Retail Pharmacy
6.4.1 Retail pharmacy market estimates and forecasts, 2016-2028 (USD Million)
6.4.2 Chain pharmacy market estimates and forecasts, 2016-2028 (USD Million)
6.4.3 Independent pharmacy market estimates and forecasts, 2016-2028 (USD Million)
6.4.4 Others pharmacy market estimates and forecasts, 2016-2028 (USD Million)
6.5 ePharmacy
6.5.1 ePharmacy market estimates and forecasts, 2016-2028 (USD Million)
6.6 Others
6.6.1 Other market estimates and forecasts, 2016-2028 (USD Million)
Chapter 7 Global Pharmacy Market: Regional Estimates & Trend Analysis, By Product type and Pharmacy type
7.1 Global Pharmacy Market: Regional Movement Analysis, 2021 and 2028
7.2 North America
7.2.1 North America Pharmacy market estimates and forecasts, by Product Type, and Pharmacy Type, 2016-2028 (USD Million)
7.2.2 U.S.
7.2.2.1 U.S. Pharmacy market estimates and forecasts, by Product Type, and Pharmacy Type, 2016-2028 (USD Million)
7.2.3 Canada
7.2.3.1 Canada Pharmacy market estimates and forecasts, by Product Type, and Pharmacy Type, 2016-2028 (USD Million)
7.3 Europe
7.3.1 Europe Pharmacy market estimates and forecasts, by Product Type, and Pharmacy Type, 2016-2028 (USD Million)
7.3.2 U.K.
7.3.2.1 U.K. Pharmacy market estimates and forecasts, by Product Type, and Pharmacy Type, 2016-2028 (USD Million)
7.3.3 Germany
7.3.3.1 Germany Pharmacy market estimates and forecasts, by Product Type, and Pharmacy Type, 2016-2028 (USD Million)
7.3.4 France
7.3.4.1 France Pharmacy market estimates and forecasts, by Product Type, and Pharmacy Type, 2016-2028 (USD Million)
7.3.5 Italy
7.3.5.1 Italy Pharmacy market estimates and forecasts, by Product Type, and Pharmacy Type, 2016-2028 (USD Million)
7.3.6 Spain
7.3.6.1 Spain Pharmacy market estimates and forecasts, by Product Type, and Pharmacy Type, 2016-2028 (USD Million)
7.3.6 Russia
7.3.6.1 Russia Pharmacy market estimates and forecasts, by Product Type, and Pharmacy Type, 2016-2028 (USD Million)
7.4 Asia Pacific
7.4.1 Asia Pacific Pharmacy market estimates and forecasts, by Product Type, and Pharmacy Type, 2016-2028 (USD Million)
7.4.2 Japan
7.4.2.1 Japan Pharmacy market estimates and forecasts, by Product Type, and Pharmacy Type, 2016-2028 (USD Million)
7.4.3 China
7.4.3.1 China Pharmacy market estimates and forecasts, by Product Type, and Pharmacy Type, 2016-2028 (USD Million)
7.4.4 India
7.4.4.1 India Pharmacy market estimates and forecasts, by Product Type, and Pharmacy Type, 2016-2028 (USD Million)
7.4.5 Australia
7.4.5.1 Australia Pharmacy market estimates and forecasts, by Product Type, and Pharmacy Type, 2016-2028 (USD Million)
7.5 Latin America
7.5.1 Latin America Pharmacy market estimates and forecasts, by Product Type, and Pharmacy Type, 2016-2028 (USD Million)
7.5.2 Brazil
7.5.2.1 Brazil Pharmacy market estimates and forecasts, by Product Type, and Pharmacy Type, 2016-2028 (USD Million)
7.5.3 Mexico
7.5.3.1 Mexico Pharmacy market estimates and forecasts, by Product Type, and Pharmacy Type, 2016-2028 (USD Million)
7.5.4 Argentina
7.5.4.1 Argentina Pharmacy market estimates and forecasts, by Product Type, and Pharmacy Type, 2016-2028 (USD Million)
7.6 MEA
7.6.1 MEA Pharmacy market estimates and forecasts, by Product Type, and Pharmacy Type, 2016-2028 (USD Million)
7.6.2 South Africa
7.6.2.1 South Africa Pharmacy market estimates and forecasts, by Product Type, and Pharmacy Type, 2016-2028 (USD Million)
7.6.3 Saudi Arabia
7.6.3.1 Saudi Arabia Pharmacy market estimates and forecasts, by Product Type, and Pharmacy Type, 2016-2028 (USD Million)
7.6.4 UAE
7.6.4.1 UAE Pharmacy market estimates and forecasts, by Product Type, and Pharmacy Type, 2016-2028 (USD Million)
Chapter 8 Competitive Landscape
8.1 CVS Health
8.1.1 Company overview
8.1.2 Financial performance
8.1.3 Product benchmarking
8.1.4 Strategic initiatives
8.2 Boots Walgreens
8.2.1 Company overview
8.2.2 Financial performance
8.2.3 Product benchmarking
8.2.4 Strategic initiatives
8.3 Cigna
8.3.1 Company overview
8.3.2 Financial performance
8.3.3 Product benchmarking
8.3.4 Strategic initiatives
8.4 Walmart
8.4.1 Company overview
8.4.2 Financial performance
8.4.3 Product benchmarking
8.4.4 Strategic initiatives
8.5 Kroger
8.5.1 Company overview
8.5.2 Financial performance
8.5.3 Product benchmarking
8.5.4 Strategic initiatives
8.6 Rite Aid Corporation
8.6.1 Company overview
8.6.2 Financial performance
8.6.4 Product benchmarking
8.6.4 Strategic initiatives
8.7 Lloyd Pharmacy
8.7.1 Company overview
8.7.2 Financial performance
8.7.3 Product benchmarking
8.7.4 Strategic initiatives
8.8 Well Pharmacy
8.8.1 Company overview
8.8.2 Financial performance
8.8.3 Product benchmarking
8.8.4 Strategic initiatives
8.9 Humana Pharmacy Solutions
8.9.1 Company overview
8.9.2 Financial performance
8.9.3 Product benchmarking
8.9.4 Strategic initiatives
8.10 Matsumoto Kiyoshi
8.10.1 Company overview
8.10.2 Financial performance
8.10.3 Product benchmarking
8.10.4 Strategic initiatives
List of Tables
Table 1 List of Abbreviation
Table 2 North America pharmacy market, by product type, 2016-2028 (USD Million)
Table 3 North America pharmacy market, by pharmacy type, 2016-2028 (USD Million)
Table 4 U.S. pharmacy market, by product type, 2016-2028 (USD Million)
Table 5 U.S. pharmacy market, by pharmacy type, 2016-2028 (USD Million)
Table 6 Canada pharmacy market, by product type, 2016-2028 (USD Million)
Table 7 Canada pharmacy market, by pharmacy type, 2016-2028 (USD Million)
Table 8 Europe pharmacy market, by product type, 2016-2028 (USD Million)
Table 9 Europe pharmacy market, by pharmacy type, 2016-2028 (USD Million)
Table 10 U.K. pharmacy market, by product type, 2016-2028 (USD Million)
Table 11 U.K. pharmacy market, by pharmacy type, 2016-2028 (USD Million)
Table 12 Germany pharmacy market, by product type, 2016-2028 (USD Million)
Table 13 Germany pharmacy market, by pharmacy type, 2016-2028 (USD Million)
Table 14 Spain pharmacy market, by product type, 2016-2028 (USD Million)
Table 15 Spain pharmacy market, by pharmacy type, 2016-2028 (USD Million)
Table 16 France pharmacy market, by product type, 2016-2028 (USD Million)
Table 17 France pharmacy market, by pharmacy type, 2016-2028 (USD Million)
Table 18 Italy pharmacy market, by product type, 2016-2028 (USD Million)
Table 19 Italy pharmacy market, by pharmacy type, 2016-2028 (USD Million)
Table 20 Russia pharmacy market, by product type, 2016-2028 (USD Million)
Table 21 Russia pharmacy market, by pharmacy type, 2016-2028 (USD Million)
Table 22 Asia Pacific pharmacy market, by product type, 2016-2028 (USD Million)
Table 23 Asia Pacific pharmacy market, by pharmacy type, 2016-2028 (USD Million)
Table 24 Japan pharmacy market, by product type, 2016-2028 (USD Million)
Table 25 Japan pharmacy market, by pharmacy type, 2016-2028 (USD Million)
Table 26 China pharmacy market, by product type, 2016-2028 (USD Million)
Table 27 China pharmacy market, by pharmacy type, 2016-2028 (USD Million)
Table 28 India pharmacy market, by product type, 2016-2028 (USD Million)
Table 29 India pharmacy market, by pharmacy type, 2016-2028 (USD Million)
Table 30 Australia pharmacy market, by product type, 2016-2028 (USD Million)
Table 31 Australia pharmacy market, by pharmacy type, 2016-2028 (USD Million)
Table 32 Latin America pharmacy market, by product type, 2016-2028 (USD Million)
Table 33 Latin America pharmacy market, by pharmacy type, 2016-2028 (USD Million)
Table 34 Brazil pharmacy market, by product type, 2016-2028 (USD Million)
Table 35 Brazil pharmacy market, by pharmacy type, 2016-2028 (USD Million)
Table 36 Mexico pharmacy market, by product type, 2016-2028 (USD Million)
Table 37 Mexico pharmacy market, by pharmacy type, 2016-2028 (USD Million)
Table 38 Argentina pharmacy market, by product type, 2016-2028 (USD Million)
Table 39 Argentina pharmacy market, by pharmacy type, 2016-2028 (USD Million)
Table 40 MEA pharmacy market, by product type, 2016-2028 (USD Million)
Table 41 MEA pharmacy market, by pharmacy type, 2016-2028 (USD Million)
Table 42 South Africa pharmacy market, by product type, 2016-2028 (USD Million)
Table 43 South Africa pharmacy market, by pharmacy type, 2016-2028 (USD Million)
Table 44 Saudi Arabia pharmacy market, by product type, 2016-2028 (USD Million)
Table 45 Saudi Arabia pharmacy market, by pharmacy type, 2016-2028 (USD Million)
Table 46 UAE pharmacy market, by product type, 2016-2028 (USD Million)
Table 47 UAE pharmacy market, by pharmacy type, 2016-2028 (USD Million)
Table 48 List of key market players, by products and financial information
List of Charts
Fig. 1 Pharmacy market summary, 2020 (USD Millions)
FIG. 2 Pharmacy market trends & outlook
FIG. 3 Pharmacy market segmentation
FIG. 4 Market driver relevance analysis (Current & future impact)
FIG. 5 Market Restraint relevance analysis (Current & future impact)
FIG. 6 Penetration & growth prospect mapping
FIG. 7 SWOT Analysis, By Factor (political & legal, economic and technological)
FIG. 8 Porter’s Five Forces Analysis
FIG. 9 Pharmacy market, product type outlook key takeaways (USD Million)
FIG. 10 Pharmacy market: Product Type movement analysis (USD Million)
FIG. 11 Pharmacy market estimates and forecasts for prescription, 2016-2028 (USD Millions)
FIG. 12 Pharmacy market estimates and forecasts for OTC, 2016-2028 (USD Millions)
FIG. 13 Pharmacy market, pharmacy type outlook key takeaways (USD Millions)
FIG. 14 Pharmacy market: Pharmacy type movement analysis (USD Million)
FIG. 15 Pharmacy market estimates and forecasts for hospital pharmacy, 2016-2028 (USD Million)
FIG. 16 Pharmacy market estimates and forecasts in retail pharmacy, 2016-2028 (USD Million)
FIG. 17 Pharmacy market estimates and forecasts in chain pharmacy, 2016-2028 (USD Million)
FIG. 18 Pharmacy market estimates and forecasts in independent pharmacy, 2016-2028 (USD Million)
FIG. 19 Pharmacy market estimates and forecasts in other retail pharmacy, 2016-2028 (USD Million)
FIG. 20 Pharmacy market estimates and forecasts in ePharmacy, 2016-2028 (USD Million)
FIG. 21 Pharmacy market estimates and forecasts in other pharmacy type, 2016-2028 (USD Million)
FIG. 22 Regional market place: Key takeaways
FIG. 23 Pharmacy market: Regional movement analysis (USD Million)
FIG. 24 North America pharmacy market estimates and forecasts, 2016-2028 (USD Million)
FIG. 25 U.S. pharmacy market estimates and forecasts, 2016-2028 (USD Million)
FIG. 26 Canada pharmacy market estimates and forecasts, 2016-2028 (USD Million)
FIG. 27 Europe pharmacy market estimates and forecasts, 2016-2028 (USD Million)
FIG. 28 U.K. pharmacy market estimates and forecasts, 2016-2028 (USD Million)
FIG. 29 Germany pharmacy market estimates and forecasts, 2016-2028 (USD Million)
FIG. 30 Spain pharmacy market estimates and forecasts, 2016-2028 (USD Million)
FIG. 31 France pharmacy market estimates and forecasts, 2016-2028 (USD Million)
FIG. 32 Italy pharmacy market estimates and forecasts, 2016-2028 (USD Million)
FIG. 33 Russia pharmacy market estimates and forecasts, 2016-2028 (USD Million)
FIG. 34 Asia Pacific pharmacy market estimates and forecasts, 2016-2028 (USD Million)
FIG. 35 Japan pharmacy market estimates and forecasts, 2016-2028 (USD Million)
FIG. 36 China pharmacy market estimates and forecasts, 2016-2028 (USD Million)
FIG. 37 India pharmacy market estimates and forecasts, 2016-2028 (USD Million)
FIG. 38 Australia pharmacy market estimates and forecasts, 2016-2028 (USD Million)
FIG. 39 Latin America pharmacy market estimates and forecasts, 2016-2028 (USD Million)
FIG. 40 Brazil pharmacy market estimates and forecasts, 2016-2028 (USD Million)
FIG. 41 Mexico pharmacy market estimates and forecasts, 2016-2028 (USD Million)
FIG. 42 Argentina pharmacy market estimates and forecasts, 2016-2028 (USD Million)
FIG. 43 MEA pharmacy market estimates and forecasts, 2016-2028 (USD Million)
FIG. 44 South Africa pharmacy market estimates and forecasts, 2016-2028 (USD Million)
FIG. 45 Saudi Arabia pharmacy market estimates and forecasts, 2016-2028 (USD Million)
FIG. 46 UAE pharmacy market estimates and forecasts, 2016-2028 (USD Million)
FIG. 47 Strategic Framework

Companies Mentioned

  • CVS Health
  • Boots Walgreens
  • Cigna
  • Walmart
  • Kroger
  • Rite Aid Corporation
  • Lloyd Pharmacy
  • Well Pharmacy
  • Humana Pharmacy Solutions
  • Matsumoto Kiyoshi

Methodology

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Table Information

Report AttributeDetails
No. of Pages150
PublishedJanuary 2022
Forecast Period2021 - 2028
Estimated Market Value ( USD ) in 2021 $ 1061.4 Billion
Forecasted Market Value ( USD ) by 2028 $ 1422.1 Billion
Compound Annual Growth Rate4.3%
Regions CoveredGlobal
No. of Companies Mentioned10

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