About Pharmacy Retail
A pharmacy also called a drugstore and retail pharmacy is an independent pharmacy, or chain pharmacy, in which drugs are sold to patients, Such as generic drugs, OTC medicine, and patented drug. In retail pharmacy, a pharmacist oversees the fulfillment of medical prescriptions and is available to counsel patients about prescription and over-the-counter drugs or about healthcare and wellness issues.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The retail pharmacy market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focused on the production technologies, efficiency enhancement, and product life. There is various growth opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge investment in market growth strategies. Analyst at AMA Research estimates that India Vendors will contribute the maximum growth to Global Pharmacy Retail market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Walgreens (United States), CVS Health (United States), Rite Aid Corp (United States), Apollo Pharmacy Ltd. (India), Emami Frank Ross Ltd. (India), McKesson Corporation (United States), Guardian Lifecare Pvt. Ltd. (India), Medica Health Shoppe (India), Cardinal Health (United States) and MedPlus Health Services Pvt. Ltd. (India) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Muthu Pharmacy Pvt. Ltd. (India), RWL Healthworld Ltd. (India), The Himalaya Drug Company (India) and Trust Chemists and Druggists Ltd. (India).
Segmentation Overview
AMA Research has segmented the market of Global Pharmacy Retail market by and Region.
On the basis of geography, the market of Pharmacy Retail has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Type, the sub-segment i.e. Generic Drugs will boost the Pharmacy Retail market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product Type, the sub-segment i.e. Over the counter Products will boost the Pharmacy Retail market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Channel, the sub-segment i.e. Online will boost the Pharmacy Retail market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Pharmacies will boost the Pharmacy Retail market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Digital Transformation in Pharmacy Retail Industry
Market Growth Drivers:
Enhancement in medical infrastructure and rising growth of populations
Challenges:
High Competition among Established Players
Restraints:
Stringent Government Regulations related to retail pharmacies
Opportunities:
Growing health awareness among consumers
Key Target Audience
Retail Pharmacy Companies, Healthcare and Pharmaceutical Companies, Consulting and Advisory Firms, Government and Policy Makers and Regulatory Authorities
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.