Pharmacy Market Analysis by Product (Prescription, and OTC); by Pharmacy Type (Retail Pharmacy, and e-Pharmacy); and by Application (Hospital Grade, and Personal Use) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2033
Research
Nester published a report titled “Pharmacy
Market: Global Demand Analysis &
Opportunity Outlook 2033” which
delivers detailed overview of the global pharmacy market in terms of
market segmentation by product, pharmacy type, application, and by region.
Further,
for the in-depth analysis, the report encompasses the industry growth
indicators, restraints, supply and demand risk, along with detailed discussion
on current and future market trends that are associated with the growth of the
market.
The global
pharmacy market to grow with a CAGR of ~8% over the forecast
period, i.e., 2023 - 2033. The market is segmented by product into
prescription, and OTC. Amongst these, the prescription segment is anticipated
to hold the largest market size over the forecast period owing to the massive
increase in chronic disorders across the globe, and rise in aged population.
The
global pharmacy market is projected to extensively grow owing to the growing
prevalence of autoimmune diseases, followed by the increasing geriatric
population as increasing age most probably results in various kind of health
issues. Besides this, increase in approved prescription drugs, and worldwide
escalation in healthcare spending are some of the major factors anticipated to
drive the growth of the market in the forecast period.
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Sample of This Strategic Report@
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Geographically,
the global pharmacy market is segmented into five major regions comprising of
North America, Europe, Asia Pacific, Latin America, and Middle East &
Africa. The market in the North America region is estimated to witness
significant growth over the forecast period owing to the uprising count of
various chronic diseases, presence of significant pharmacy chains, rising
geriatric population, and notably growing trend of over-the-counter
prescription drugs use in the region.
The research
is global in nature and covers detailed analysis on the market in North America
(U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium,
Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark],
Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico,
Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South
Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of
Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain,
Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and
Africa). In addition, analysis comprising market size, Y-O-Y growth &
opportunity analysis, market players’ competitive study, investment
opportunities, demand for future outlook etc. has also been covered and
displayed in the research report.
Globally
Increasing Prevalence of Chronic Disorders to Drive the Market Growth
The global prevalence of chronic diseases was
increased by 59% by 2020.
Chronic
diseases become more common as people grow old. Chronic diseases include heart
disease, diabetes, stroke, cancer, and arthritis, among others. These
conditions are the leading causes of disability and death worldwide. Thus, the
health and quality of life are altered by chronic diseases. Such condition
requires more care, timely treatment and a regular drug intake. Therefore, the
surge in chronic disorders are fueling up the global pharmacy market growth.
However, risk
of lawsuit filing, rigorous government regulations, and associated
complications in the use of medicines and vaccines are expected to operate as
key restraint to the growth of the global pharmacy market over the forecast
period.
This
report also provides the existing competitive scenario of some of the key
players of the global pharmacy market which includes company profiling of UnitedHealth
Group, Well Pharmacy, Albertsons Companies, Inc., LloydsPharmacy Limited, Cigna,
CVS Health Corporation, Walmart Inc., Walgreens Boots Alliance, Inc., The
Kroger Co., Rite Aid Corp., and others. The profiling enfolds key information
of the companies which encompasses business overview, products and services,
key financials and recent news and developments. On the whole, the report
depicts detailed overview of the global pharmacy market that will help industry
consultants, equipment manufacturers, existing players searching for expansion
opportunities, new players searching possibilities and other stakeholders to
align their market centric strategies according to the ongoing and expected
trends in the future.
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Research Nester is a leading service provider for
strategic market research and consulting. We aim to provide unbiased,
unparalleled market insights and industry analysis to help industries,
conglomerates and executives to take wise decisions for their future marketing
strategy, expansion and investment etc. We believe every business can expand to
its new horizon, provided a right guidance at a right time is available through
strategic minds. Our out of box thinking helps our clients to take wise
decision in order to avoid future uncertainties.
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