Global Pharmacies And Healthcare Stores Market Outlook, Opportunities And Strategies

December 16, 2021December 16, 2021 by The Business Research Company

Learn about the global pharmacies and healthcare stores market through The Business Research Company, which provides information on pharmacies and healthcare stores market size, pharmacies and healthcare stores market drivers and restraints, pharmacies and healthcare stores market players, the COVID-19 impact on the pharmacies and healthcare stores market, and more.

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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%.

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.

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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.

Global pharmacies and healthcare stores market segments include:

By Type: Pharmacies and Drug Stores, Other Health and Personal Care Stores

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 was the largest region in the global pharmacies and healthcare stores market, accounting for 33% of the market in 2020.

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.

TBRC’s pharmacies and healthcare stores market report covers:

Major Market Players: 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)

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, leading competitor revenues, profiles and market shares.

TBRC’s 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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