Global Pharmacies And Drug Stores Market Trends And Strategies Of Major Players In The Pharmacies And Drug Stores Market 2021-2030
16 Jul, 2021
The pharmacies and drug stores market consist of establishments involved in sales of prescription and over-the-counter medications, health and beauty items, toiletries and consumable goods directly to consumers. Industry companies may also provide basic health and photo processing services. The pharmacies and drug stores consist of establishments that are concerned with branded prescription drugs, generic drugs, non-prescription medicines, and personal health supplies, groceries and food items, vitamins, minerals, and dietary supplements, cosmetics and other.
Global Pharmacies And Drug Stores Market Size And Drivers:
The global pharmacies and drug stores market is expected to grow from $971.51 billion in 2020 to $1038.6 billion in 2021 at a compound annual growth rate (CAGR) of 6.9%. The change in growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The market is expected to reach $1299.8 billion in 2025 at a CAGR of 6%. The growing aging population and increasing health consciousness among the global populace are likely to drive the pharmacies and drug stores market.
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Trends In The Global Pharmacies And Drug Stores Market
Working long hours and drive-through locations are the major factors to increase the Pharmacies and Drugstores market growth. As competition has increased from mass merchandisers and supermarkets, as well as from direct mail prescription services, drug stores have been adding value in the form of 24-hour operations and drive-through pharmacies. The US Pharmacy Study measures customer satisfaction with their pharmacy experience across major chain drug stores, mass merchandisers, supermarkets, and mail-order pharmacies. The study shows that retail pharmacy businesses continue to shine when it comes to engaging patient-centric services that drive satisfaction. These convenience factors anticipate the growth of pharmacies and the drugstore market.
Global Pharmacies And Drug Stores Market Segments:
The global pharmacies and drug stores market is further segmented based on drug type, type, product type and geography.
By Drug Type: Prescription Drugs, OTC drugs
By Type: Community Pharmacy, Hospital Pharmacy, Clinical Pharmacy, Industrial Pharmacy, Compounding Pharmacy, Consulting Pharmacy, Ambulatory Care Pharmacy, Regulatory Pharmacy, Home Care Pharmacy
By Product Type: Skin Care, Cold And Flu, Dental, Weight Loss, Vitamins, Others
By Geography: The global pharmacies and drug stores market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Read More On The Report For The Global Pharmacies And Drug Stores Market At:https://www.thebusinessresearchcompany.com/report/pharmacies-and-drug-stores-global-market-report-2020-30-covid-19-implications-and-growth
Pharmacies And Drug Stores Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides pharmacies and drug stores market overviews, analyzes and forecasts market size and growth for the global pharmacies and drug stores market, pharmacies and drug stores market share, pharmacies and drug stores market players, pharmacies and drug stores market segments and geographies, pharmacies and drug stores market’s leading competitors’ revenues, profiles and market shares. The pharmacies and drug stores market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.