Press release
Pharmacy Market CAGR is Estimated to be 5% by 2035, Due To The Growing Demand For Effective Treatment Options For Various Chronic Diseases | Roots Analysis
Recent trends in the global pharmacy industry showcase a growing emphasis on personalized treatments, sustainability and rise in the number of online pharmacies. Consumers are increasingly seeking personalized services and offers from pharmacies owing to the advantages such as, increased convenience and potential savings. Recently, sustainability emerged as one of the key focus areas in the pharmacy industry with pharmacists taking proactive steps towards minimizing the environmental impact of medicines. It is worth mentioning that the online pharmacy market size is expanding significantly, with more consumers adopting online pharmacy platforms to purchase of medicines and other health and hygiene products. This is primarily driven by the discounted prices, free shipping options and doorstep delivery offered by such pharmacies.
To request quote of this report, please visit:
https://www.rootsanalysis.com/reports/pharmacy-market/request-quote.html
Pharmacy Market Segments
Based on the type of pharmacy, the market is segmented into retail pharmacy, e-pharmacy, hospital pharmacy and other pharmacies.
1. The retail pharmacy segment is likely to dominate the pharmacy market, capturing 48% of the overall market share, by 2035.
2. The e-pharmacy segment is anticipated to be the fastest growing segment in this industry, with annualized rate (CAGR) of 6.3%, during the forecast period.
Based on the type of product offered, the market is segmented into drugs / pharmaceuticals, medical devices and other pharmacy products.
1. The drugs / pharmaceuticals market segment is likely to dominate the pharmacy market, capturing 63% of the overall market share, by 2035.
2. The medical devices segment is anticipated to be the fastest growing segment in this industry, with annualized rate (CAGR) of 6.2%, during the forecast period.
Based on availability, the market is segmented into prescription products and over-the-counter products.
1. The prescription products market segment is likely to dominate the pharmacy market, capturing 70% of the overall market share, by 2035.
2. The over-the-counter products segment is anticipated to be the fastest growing segment in this industry, with annualized rate (CAGR) of 5.2%, during the forecast period.
Based on the type of drug, the market is segmented into branded / patented drugs and generic drugs.
1. The branded / patented drugs market segment is likely to capture the majority (80%) share of the drugs / pharmaceuticals market in the overall pharmacy market in 2024.
2. The generic drugs segment is anticipated to be the fastest growing segment in this industry, with annualized rate (CAGR) of 4.9%, during the forecast period.
Based on the type of drug molecule, the market is segmented into small molecules and biologics.
1. The small molecules market segment is likely to capture the majority (75%) share of the drugs / pharmaceuticals market in the overall pharmacy market in 2024.
2. The biologics segment is anticipated to be the fastest growing segment in this industry, with annualized rate (CAGR) of 8.2%, during the forecast period.
To request a sample copy / brochure of this report, please visit
https://www.rootsanalysis.com/reports/pharmacy-market/request-sample.html
Based on the type of e-pharmacy platform, the market is segmented into app-based and web-based platforms.
1. The app-based platforms market segment is likely to capture the majority (60%) share of the e-pharmacy market in the overall pharmacy market in 2024.
2. The web-based platforms segment is anticipated to be the fastest growing segment in this industry, with annualized rate (CAGR) of 6.9%, during the forecast period.
Based on the therapeutic area, the market is segmented into oncological disorders, cardiovascular disorders, neurological disorders, infectious diseases, metabolic disorders, respiratory disorders, dermatological disorders, genetic disorders, autoimmune / inflammatory disorders and other disorders.
1. The oncological disorders market segment is likely to dominate the pharmacy market, capturing 17% of the overall market share, by 2035.
2. The genetic disorders segment is anticipated to be the fastest growing segment in this industry, with annualized rate (CAGR) of 5.9%, during the forecast period.
Pharmacy Market Regional Outlook
Based on the geographical regions, the pharmacy market can be segmented into five major regions, including North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America. Led by the US, North America is anticipated to capture the majority share of the pharmacy market in 2024. The growth of the pharmacy market in North America is driven by the growing prevalence of chronic diseases in the North American population, financial capacity to invest in advanced healthcare technologies and infrastructure, and partnerships and collaborations established by various stakeholders in this region.
Key Report Takeaways
1. More than 70% of the key pharmacy players are large companies with more than 500 employees; of these, close to 45% of the players are publicly-listed companies
2. In order to gain competitive advantage, companies are continuously upgrading their capabilities in order to advance their pharmacy products and service portfolios
3. Value chain analysis, a strategic blueprint that streamline processes, harnesses innovation and ensures seamless delivery of cutting-edge pharmaceuticals and medical devices to patients across the globe
4. Driven by the rising prevalence of chronic diseases coupled with rapidly growing aging population and increasing demand for digital platforms, the pharmacy market is poised to witness steady growth in foreseeable future
5. The pharmacy market is anticipated to grow at a CAGR of 5%, till 2035; retail pharmacy segment is expected to capture the majority share (close to 50%) of the market by 2035
6. The anticipated future opportunity in the pharmacy domain is expected to be well distributed across multiple segments, such as type of drug, drug molecule and e-pharmacy platform
7. The anticipated future opportunity in the pharmacy domain is expected to be well distributed across multiple segments, such as therapeutic area, key players and geographical regions
8. A comprehensive set of profiles of prominent / emerging players offer valuable insights into their current strategic focus and future initiatives, empowering stakeholders with crucial information
Browse Full Report Description + Research Methodology + Table of Content + Infographics here:
https://www.rootsanalysis.com/reports/pharmacy-market.html
Pharmacy Market Key Players
Examples of key companies engaged in the pharmacy market (which have also been profiled in this market report; the complete list of companies is available in the full report) include AS Watson, Cigna, CVS Health, Dr. Max, Kroger, Matsumoto Kiyoshi, Phoenix, Rite Aid, Walgreens Boots Alliance and Well Pharmacy
Contact Details
Gaurav Chaudhary
Email: Gaurav.chaudhary@rootsanalysis.com or sales@rootsanalysis.com
Website: https://www.rootsanalysis.com
About Roots Analysis
Roots Analysis is a global leader in the pharma / biotech market research. Having worked with over 750 clients worldwide, including Fortune 500 companies, start-ups, academia, venture capitalists and strategic investors for more than a decade, we offer a highly analytical / data-driven perspective to a network of over 450,000 senior industry stakeholders looking for credible market insights. All reports provided by us are structured in a way that enables the reader to develop a thorough perspective on the given subject. Apart from writing reports on identified areas, we provide bespoke research / consulting services dedicated to serve our clients in the best possible way.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Pharmacy Market CAGR is Estimated to be 5% by 2035, Due To The Growing Demand For Effective Treatment Options For Various Chronic Diseases | Roots Analysis here
News-ID: 4115821 • Views: …
More Releases from Roots Analysis
Gene switches have garnered significant attention from drug developers owing to …
The global gene switch market size is estimated to grow from USD 795 million in 2025 to USD 2,478 million by 2035, representing a CAGR of 12.03% during the forecast period till 2035.
Driven by numerous developmental breakthroughs and encouraging study results demonstrating the vast potential of adoptive cell therapies (ACT), including CAR-T cell therapies, TCR therapies, TILs and natural killer cell therapies, in the treatment of various complex disorders, this…
Antibody Discovery Market Set to Soar to $6.6 Billion by 2035
Antibodies, also known as immunoglobulins, are Y-shaped glycoproteins that are produced by the immune system in response to foreign molecules (antigens) that enter the body. The term antigen refers to any substance that is capable of inducing an immune response, encompassing a diverse range of entities, including viruses, fungi, bacteria, proteins on the surface of cells, and non-living substances, such as toxins, chemicals and foreign particles.
The global antibody discovery…
Biopsy is defined as a procedure of removing or extracting tissue from the body …
The global virtual biopsy market, valued at USD 0.73 billion in 2024, is projected to reach USD 0.78 billion in 2025 and USD 3.02 billion by 2035, representing a CAGR of 14.47% during the forecast period.
This procedure plays a crucial role in the diagnosis or monitoring of certain medical conditions such as inflammatory disorders, immune disorders, oncological conditions, and several infections. By analyzing the cellular composition of the extracted tissue,…
Big data in healthcare: transforms patient care, enhances efficiency, and unlock …
The global big data in healthcare market size is estimated to grow from USD 78 billion in 2024 to USD 540 billion by 2035, representing a CAGR of 19.20% during the forecast period till 2035. Big data in healthcare is the collection of large amounts of unstructured data from various sources, such as medical research, biometric data, electronic medical records, Internet of Medical Things (IoMT), social media, payer records, omics…
More Releases for CAGR
[CAGR of 6.7%] Nanocoatings Market Size, Industry Share, CAGR, Regional Forecast …
The global Nanocoatings Market generated $10.7 billion in 2020, and is projected to reach $20.1 billion by 2030, growing at a CAGR of 6.7% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Download sample PDF @ https://www.alliedmarketresearch.com/request-sample/2064
According to the report published by Allied Market Research,…
[CAGR of 5.3%] Pigments Market Size, Industry Share, CAGR, Regional Forecast, 20 …
A recent report by Allied Market Research provides a detailed analysis of the pigments market, highlighting its robust growth. The industry was valued at $27.2 billion in 2022 and is projected to surge to $45.4 billion by 2032, exhibiting an impressive CAGR of 5.3% from 2023 to 2032.
This research report identifies the growth drivers behind the market's expansion and delves into the market dynamics using advanced analytical frameworks…
Enzymes Market Expansion CAGR of 4.9% CAGR Anticipated 2025-2034
The Enzymes Market report is an in-depth examination of the global Enzymes Market's general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global Enzymes Market industry, as well as market segmentation, competition, and the macroeconomic climate. A complete Enzymes Market analysis takes into account a number of aspects, including a country's population and business cycles, as well as market-specific microeconomic…
Waterproofing Membranes Market is Projected Grow at CAGR of 8% CAGR by 2033
The waterproofing membranes market is anticipated to witness a Compound Annual Growth Rate (CAGR) of 8.0% over the forecast period. By 2023, the estimated market value for waterproofing membranes is substantial, reaching US$ 31.5 billion.
These waterproofing materials comprise thin, impermeable membranes designed to collaborate with asphalt, providing a protective shield for the structural integrity of buildings. The asphalt component in these membranes acts as a safeguard, preserving the underlying membrane…
Electric Bed Market CAGR, Size, Share Grow USD 2,063 Million by 2030 CAGR 13.70%
Global electric bed market size is expected to be worth roughly USD 2,063 million by 2030, growing at a CAGR of more than 13.7% during the projected timeframe of 2022-2030, according to Ameco Research
A significant portion of the population over the age of 60, who often have reduced immunity levels and are more susceptible to neurological disorders, cardiac issues, tumors, and spinal cord compression, is anticipated to have a substantial…
Pediatric Radiology Market Size will Grow at CAGR 7.7% CAGR during 2017-2026
Pediatric Radiology Market:Overview
The pediatric radiology market is likely to register robust growth in the near future. Chronic illnesses among children including neurological disorders such as ADHD are on the rise. According to the US labor bureau, the demand for pediatrician is expected to grow by 24% on average by 2020. This is the highest average growth among all professionals in the United States.
Despite challenges such as training for new…
