Global Pharmacies And Healthcare Market Overview: Size, Analysis, Share and Industry Report 2023-2032 | Walgreens Boots Alliance Inc, CVS Health Corporation, McKesson Corporation, The Kroger Company, Rite Aid Corporation.

As per The Business Research Company's Pharmacies And Healthcare Opportunities And Strategies Market Report 2023, The pharmacies and healthcare stores market reached a value of nearly $1,090.26 billion in 2022, having grown at a compound annual growth rate (CAGR) of 6.4% since 2017. The market is expected to grow from $1,090.26 billion in 2022 to $1,644.25 billion in 2027 at a rate of 6.4%. The market is then expected to grow at a CAGR of 6.2% from 2027 and reach $2,220.18 billion in 2032.      

The rapid increase in the aging population is expected to increase the prevalence of various diseases, contributing to the growth of pharmacies and the healthcare stores market. The elderly population is more prone to diseases generating higher demand for medicines and other pharmaceutical products. For example, according to World Health Organization, by 2030, 1 in 6 people in the world will be aged 60 years or over. At this time the share of the population aged 60 years and over will increase from 1 billion in 2020 to 1.4 billion. By 2050, the world's population of people aged 60 years and older will double (2.1 billion). The number of persons aged 80 years or older is expected to triple between 2020 and 2050 to reach 426 million. The expected increase in the aging population suffering from different diseases is expected to drive the pharmacies and healthcare stores market.

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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, internet connection, a prescription scanner, an in-built POS (point-of-sale) machine and several 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 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 the drop box of the machine. For instance, in 2022, Malaysian pharmaceutical company, Pharmaniaga Bhd introduced its "RoyalePharma 24/7" machines that dispense over-the-counter (OTC) medications 24 hours a day. Also, in 2018, US based pharmacy chain, CVS Pharmacy introduced its automated retail vending machines stocked with convenient, on-the-go necessities, including OTC health products and popular personal care products to help maximize convenience. In addition, US-based universities, Arizona State University and Florida State University have installed pharmaceutical vending machines in their Student Health Services buildings to dispense a wide range of drugs.

The top opportunities in the pharmacies and healthcare stores market segmented by type will arise in the pharmacies and drug stores segment, which will gain $368.49 billion of global annual sales by 2027. The top opportunities in segment by ownership will arise in the retail chain segment, which will gain $330.40 billion of global annual sales by 2027. The top opportunities in segment by drug type will arise in the prescription drugs segment, which will gain $351.17 billion of global annual sales by 2027. The pharmacies and healthcare stores market size will gain the most in USA at $92.27 billion.

Pharmacies And Healthcare Market Segmentation:

The Pharmacies And Healthcare market is segmented by type, by ownership, by drug type-

By Type -
The pharmacies and healthcare stores market is segmented by type
a) Pharmacies And Drug Stores,
b) Food (Health) Supplement Stores
c) Other Healthcare
d) Personal Care Stores

By Ownership -
The pharmacies and healthcare stores market is segmented by ownership
a) Retail Chain
b) Independent Stores

By Drug Type -
The pharmacies and healthcare stores market is segmented by drug type
a) Prescription Drugs
b) Over-The-Counter (OTC) Drugs

Major players in the Pharmacies And Healthcare market include Walgreens Boots Alliance Inc, CVS Health Corporation, McKesson Corporation, The Kroger Company, Rite Aid Corporation.

The regions covered in the global Pharmacies And Healthcare market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The latest report from The Business Research Company, 'Global Pharmacies And Healthcare Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.

Pharmacies And Healthcare Market Report Table Of Content

1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
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16. Western Europe Market
17. Eastern Europe Market
18. North America Market
19. South America Market
20. Middle East Market

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