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Global Pharmacies and Healthcare Stores Market Trends (COVID-19 Version), Market Share, Industry Size, Opportunities, Analysis and Forecast to 2030 | TBRC
Pharmacies and Healthcare Stores Market
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. The market is then expected to recover and grow at a CAGR of 5% from 2021 and reach $1112.8 billion in 2023.
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The pharmacies and healthcare stores market consists of sales of pharmacy and healthcare store products and related services by entities (organizations, sole traders and partnerships) that operate pharmacies and other health and personal care stores.
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. Automation reduces waiting times, avoids stocking problems, enhances productivity, and increases overall customer experience. For instance, American retailer Lowe’s has installed multi-lingual, autonomous customer assistance robots in 11 locations in San Francisco Bay area. Retailers are also focusing on using self-checkout stands for customers. Walmart has patented a system of self-driving shopping carts.
Pharmacies and Healthcare Stores Market Segmentation:
By Type
1.Pharmacies and Drug Stores
2.Other Health and Personal Care Stores
By Ownership
1.Retail Chain
2.Independent Retailer
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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Pharmacies and Healthcare Stores Market Characteristics
4. Pharmacies and Healthcare Stores Market Product Analysis
5. Pharmacies and Healthcare Stores Market Supply Chain
....
20. Key Mergers And Acquisitions In The Pharmacies and Healthcare Stores Market
21. Market Background: Retail Market
22. Recommendations
23. Appendix
24. Copyright And Disclaimer
The report covers the trends and market dynamics of the pharmacies and healthcare stores market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the pharmacies and healthcare stores market are MedPlus, Medzone, Medicap, Apollo Pharmacy, Discount Drug Stores
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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