The global pharmacies and healthcare stores market size is expected to grow from $1.09 trillion in 2021 to $1.20 trillion in 2022 at a compound annual growth rate (CAGR) of 10%. The global pharmacy and healthcare store market size is expected to grow to $1.67 trillion in 2026 at a CAGR of 8.6%.
What is the Global Pharmacies and Healthcare Stores Market?
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.
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What drives the Global Pharmacies and Healthcare Stores Market?
The pharmacies and healthcare stores market is expected to benefit from steady economic growth forecasted for many developed and developing countries. According to International Monetary Fund (IMF), the global GDP growth was 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 the forecast period.
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Global Pharmacies and Healthcare Stores Market Segments
The global pharmacies and healthcare stores market is segmented:
By Type: Pharmacies and Drug Stores, Other Health and Personal Care Stores
By Ownership: Retail Chain, Independent Retailer
By Drug Type: Prescription Drugs, Over-the-Counter (OTC) Drugs, Others
By Geography: The regions covered in the pharmacies and healthcare stores market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Pharmacies and Healthcare Stores Global Market Report 2022provides market size and growth forecasts for the global pharmacies and healthcare stores market, global pharmacies and healthcare stores market share, pharmacies and healthcare stores market segments and geographies, pharmacies and healthcare stores market competitive landscape including leading competitors’ revenues, profiles and market shares. The pharmacies and healthcare stores market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Pharmacies and Healthcare Stores Industry Playersinclude CVS Health Corporation, McKesson Corporation, Walgreens Boots Alliance Inc, Rite Aid Corp, Costco Wholesale Corp, Loblaw, George Weston ltd, TSURUHA Holdings Inc., COSMOS Pharmaceutical Corporation, and Welcia Holdings Co. Ltd. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
