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Pharmacy Market Analysis

  • Report ID: 4435
  • Published Date: Oct 11, 2024
  • Report Format: PDF, PPT

Pharmacy Market Analysis

Product (Prescription, OTC)

The global pharmacy market is segmented and analyzed for demand and supply by product into prescription, and OTC, out of which the prescription segment is projected to significantly grow over the forecast period on the back of the globally increasing burden of chronic diseases i.e., cancer, diabetes, and significantly growing geriatric population. According to the World Health Organization (WHO), there are nearly 422 million diabetics worldwide, and diabetes is the leading cause of 1.5 million annual fatalities.

Our in-depth analysis of the global market includes the following segments:

     By Product
  • Prescription
  • OTC

     By Pharmacy Type
  • Retail Pharmacy
  • e-Pharmacy

      By Application
  • Hospital Grade
  • Personal Use
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Browse Key Market Insights with Data Illustration:

Author Credits:  Radhika Pawar


  • Report ID: 4435
  • Published Date: Oct 11, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of pharmacy is assessed at USD 1.45 trillion.

The pharmacy market size was valued at USD 1.37 trillion in 2024 and is expected to reach USD 3.36 trillion by the end of 2037, registering around 7.1% CAGR during the forecast period i.e., between 2025-2037. Rising geriatric population, worldwide escalation in chronic diseases, upsurge in autoimmune disorders, and surge in approved prescription drugs will impel the market growth.

North America is projected to hold largest industry share by 2037, led by existence of major international pharmacy chains, significantly growing use of over-the-counter prescription drugs, rise in chronic disorders, rapidly growing geriatric population, and expanding healthcare expenditure in the region.

The major players in the market include CVS Health Corporation, Walmart Inc., Walgreens Boots Alliance, Inc., The Kroger Co., Rite Aid Corp., and others.
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