The Global Pharmacies and Healthcare Stores Market Report by The Business Research Company Covers Pharmacies and Healthcare Stores Market Drivers And Restraints, Pharmacies and Healthcare Stores Market Size, Major Players, And The Impact Of COVID-19 On The 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. The pharmacies and healthcare stores market is segmented into pharmacies and drug stores and other health and personal care stores.
The pharmacies and healthcare stores market is expected to benefit from steady economic growth forecasted for many developed and developing countries.
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%.
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Some pharmacies and healthcare stores market trends include pharmacies 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.
Global pharmacies and healthcare stores market segments include:
1) By Type: Pharmacies And Drug Stores, Other Health And Personal Care Stores.
2) By Ownership: Retail Chain, Independent Retailer.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America accounts for the largest global pharmacies and healthcare stores market share.
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The Pharmacies and Healthcare Stores Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides pharmacies and healthcare stores market overviews, analyzes and forecasts market size, share, pharmacies and healthcare stores market players, pharmacies and healthcare stores market segments and geographies, market’s 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.
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Read Pharmacies and Healthcare Stores Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: MedPlus, Medzone, Medicap, Apollo Pharmacy, Discount Drug Stores.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The pharmacies and healthcare stores Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The pharmacies and healthcare stores Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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