The Pharmacies and Healthcare Stores by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Pharmacies and Healthcare Stores, The pharmacies and healthcare stores market size has grown strongly in recent years. It will grow from $1292.61 billion in 2023 to $1380.96 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to strong economic growth in emerging markets, rise in healthcare expenditure, growing fdi in retail and growth and expansion of the pharmaceuticals industry.
The pharmacies and healthcare stores market size is expected to see strong growth in the next few years. It will grow to $1763.28 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to rising older population, increasing prevalence of diseases, rising popularity of the franchising concept and increasing popularity of epharmacy will drive the growth. Major trends in the forecast period include leveraging medicine vending machines to service customers especially in remote locations, developing new technological solutions to strengthen their position in the market, leverage innovative technologies to improve service, optimize stock availability and cut costs, focus on automation to streamline in-store operations and collaborate with other companies to expand their geographical presence and to maximize sales.
The pharmacy and healthcare store 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 developed markets in the forecast period. Greater economic growth is likely to drive public and private investments, joint ventures, and foreign direct investments in the end-user markets, thereby driving the market during the forecast period.
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The pharmacies and healthcare stores market covered in this report is segmented –
1) By Type: Pharmacies And Drug Stores, Food (Health) Supplement Stores, Other Healthcare And Personal Care Stores
2) By Ownership: Retail Chain, Independent Stores
3) By drug type: Prescription Drugs, Over-The-Counter (OTC) Drugs
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. The medicine vending machine is equipped with a phone, an internet connection, a prescription scanner, an in-built POS machine, and up to 2,000 packs of commonly used prescription drugs. The machine identifies drugs with the help of a microchip attached to the packs. The vending machine also allows patients to speak with a pharmacist via video link. The pharmacist checks the prescription and authorizes the transaction, and then the patient can pay either by inserting cash into the machine or through a debit or credit card. Once the payment is confirmed, the medicine can be collected from the Drop box of the machine. For instance, Pharma Trust, a Canadian company, has developed vending machines and has installed them in the UK. Patients go up to the Pharma Trust kiosk, insert their prescription, scan their health card, then pick up the phone and talk personally to an on-call pharmacist. The pharmacist determines if the medication is appropriate and then authorizes the transaction. Arizona State University and Florida State University installed pharmaceutical vending machines to dispense a wide range of drugs in their Student Health Services buildings.
The pharmacies and healthcare stores market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Walgreens Boots Alliance Inc.,
- CVS Health Corporation,
- McKesson Corporation
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A recent report published by TheBusinessResearchCompany on Pharmacies and Healthcare Stores Market provides in-depth analysis of segments and sub-segments in the global as well as regional.The Pharmacies and Healthcare Stores Global Market Report 2019 which provides strategists, marketers and senior management with the critical information they need to assess the global pharmacies and healthcare stores market.The report covers the pharmacies and healthcare stores market’s segments- pharmacies and drug stores, other health and personal care stores.
Pharmacies and Healthcare Stores Global Market Report 2019 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 50+ geographies.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country.
It also compares the market’s historic and forecast growth.It covers all the regions, key developed countries and major emerging markets.
It draws comparisons with country populations and economies to understand the importance of the market by country and how this is changing.
The major regions included in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.Automation in retail stores is aimed at automating store operations such as container movement, merchandise scanning, inventory checking, retrieving, packaging and delivering products, and connecting with customers.
The Business Research Company published its Pharmacies and Healthcare Stores Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global pharmacies and healthcare stores market.
The report covers the pharmacies and healthcare stores market’s segments- by type: pharmacies and drug stores; other health and personal care stores and by ownership: retail chain; independent retailer.View Complete Report: https://www.thebusinessresearchcompany.com/report/pharmacies-and-healthcare-stores-global-market-report-2020-30-covid-19-impact-and-recoveryPharmacies and Healthcare Stores Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country.
It also compares the market’s historic and forecast growth.
It covers all the regions, key developed countries and major emerging markets.
It draws comparisons with country populations and economies to understand the importance of the market by country and how this is changing.
TheBusinessResearchCompany published its Pharmacies and Healthcare Stores Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global pharmacies and healthcare stores market.
The report covers the pharmacies and healthcare stores market’s segments- pharmacies and drug stores, other health and personal care stores.Explore Complete Report https://www.thebusinessresearchcompany.com/report/pharmacies-and-healthcare-stores-global-market-reportPharmacies and Healthcare Stores Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country.
It covers all the regions, key developed countries and major emerging markets.
The major regions included in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.Innovations in automation technology are on the rise and retail stores are increasingly using in-store automation to streamline retail shopping.
Automation in retail stores is aimed at automating store operations such as container movement, merchandise scanning, inventory checking, retrieving, packaging, and delivering products, and connecting with customers.
The Business Research Company’s latest report Pharmacies and Healthcare Stores Global Market Report 2020 covers Pharmacies and Healthcare Stores market drivers, Pharmacies and Healthcare Stores market trends, Pharmacies and Healthcare Stores market segments, Pharmacies and Healthcare Stores market growth rate, Pharmacies and Healthcare Stores market major players, and Pharmacies and Healthcare Stores market size.
The report provides in-depth analysis of the impact of COVID-19 on the Pharmacies and Healthcare Stores industry, along with revised market numbers due to the effects of the coronavirus.
View Complete Report:https://www.thebusinessresearchcompany.com/report/pharmacies-and-healthcare-stores-global-market-report-2020-30-covid-19-impact-and-recoveryPharmacies and Healthcare Stores Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.
The chapter also covers markets which have been positively affected by the pandemic.Request for the sample now:https://www.thebusinessresearchcompany.com/sample.aspx?id=2182=smp The global pharmacies and healthcare stores market is expected to decline from $986.7 billion in 2019 to $971.9 billion in 2020 at a compound annual growth rate (CAGR) of -1.6%.
The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it.
