Global Pharmacies and Healthcare Stores Market Outlook & Trends 2024-2033

"The new report published by The Business Research Company, titled Pharmacies and Healthcare Stores Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, 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 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%.

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Economic Growth And Public Or Private Investments To Drive Pharmacy And Healthcare Store Market
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.

Revolutionizing Pharmacy Services Through The Rise Of Medicine Vending Machines In Healthcare
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 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

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Major companies operating in the pharmacies and healthcare stores market report are Walgreens Boots Alliance Inc., CVS Health Corporation, McKesson Corporation, The Kroger Company, Rite Aid Corporation, Loblaw Companies Limited, Welcia Holdings Co., Ltd., Dirk Rossmann GmbH, TSURUHA Holdings, Inc., Albertsons Companies, Inc., JD Health, Sinopharm Group Company, Shanghai Pharmaceuticals, Yifeng Pharmacy, Tongrentang Group, Shanghai Modern Pharmaceutical, Kangmei Pharmaceutical, Jumei International Holding, GlaxoSmithKline (GSK), Nordic Pharma Group, Phoenix Pharma Group, Bayer, DocMorris, Medpex, Teva UK Limited, AstraZeneca, Abbott Laboratories, Vectura Group, Novartis AG, Roche Holding AG, Merck & Co, Boehringer Ingelheim, Mylan, Zentiva, Rigla Pharmacy Chain, Erka Pharm, Doz Pharma, Costco Wholesale, Thumbay Pharmacy, Aster Pharmacy, Al Manara Pharmacy, Supercare Pharmacy, Tadawi Group, Nahdi Medical Company, Chemipal Ltd., Dis-Chem, Medirite Courier Pharmacy Service, Alphapharm, United Company of Pharmacists, MedSource Group Ltd, Goodlife Pharmacy

Contents of the report:
1. Executive Summary
2. Pharmacies and Healthcare Stores Market Report Structure
3. Pharmacies and Healthcare Stores Market Trends And Strategies
4. Pharmacies and Healthcare Stores Market - Macro Economic Scenario
5. Pharmacies and Healthcare Stores Market Size And Growth
…..
27. Pharmacies and Healthcare Stores Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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