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Global Pharmacy Retail Market Outlook to 2026

According to Ken Research estimates, Pharmaceutical Retails Market is anticipated to grow at a robust rate due to rising chronic diseases worldwide along with intense competition among the market players. The market is expected to grow at a robust CAGR during 2022-2027 owing to the growing aging population and increasing health consciousness among the global populace.

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Global Pharmacy Retail Market Outlook to 2026

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  1. Prescription for Success: Global Pharmaceutical Retail market On Track to reach $1 Trillion dollar by 2027: Ken Research 1.The Asia-Pacific region is Expected to Lead the Pharmacy retail Market in the future Interested to Know More about this Report, Request for a sample report From Watsons in Singapore to Guoda Drugstores in China to Century Healthcare in Indonesia, Asia’s retail pharmacy market is emerging as one of Asia’s hot healthcare opportunities. Most Asian-Pacific markets still have room to grow. Today, Singapore has the most pharmacy locations per capita -- 1,540 persons for each pharmacy location. The pace of innovation and disruption will further intensify these anticipated market and investment shifts.

  2. 2. E-pharmacies helping to bridge the gap in the Global healthcare system With increasing internet penetration and smartphone availability, e-commerce has witnessed exponential growth across categories – from apparel to groceries, people have started purchasing most of their requirements via online platforms. As a result of this drastic shift in shopping behavior, e-pharmacies has emerged as a promising sector as they managed to offer the convenience of shopping out of the comfort of homes. In the statistics by the International Telecommunication Union (ITU), the internet penetration rate across the globe peaked at 53% from 17% in-between the years 2005-2019 which is further propelling the e-pharmacies industry, especially after covid-19. 3. With 9,706 stores, CVS Pharmacy (USA), is the largest chemist/pharmacy store chain in the world.

  3. Visit this Link :- Request for custom report In the coming years, competition is expected to heat up, particularly from big-box retailers and mail- order and online pharmacies. The top U.S. pharmacy in 2021 by market share based on prescription drug revenue was CVS Health Corporation. It held nearly 25 percent of the prescription drug market revenue. Payors have also steered customers towards mail ordering, such as by covering a 90-day supply of medications delivered to the home rather than the 30-day supply available at a traditional pharmacy. Finally, Internet pharmacies are aggressively pursuing cash-paying customers by offering discounted medications. 4. AI is giving a major boost to the Global pharmacy retail market to reach 1 trillion dollars by 2027.

  4. In recent years, the pharmacy industry has been using AI and Machine Learning for various stages of the pharmaceutical development process. AI systems can be used to automate tasks that will help in saving time and also the tasks will be performed by using fewer resources. More than 60% of life sciences companies spent over US$20 million on AI initiatives in 2019, and more than half expect investments in AI to increase in 2020, which will have a direct impact in the pharmaceutical companies. In 2018, Sanofi partnered with an AI startup in order to build an AI solution that would automate medical literature reviews, which will help the pharmacy market to study the customer base and medical needs. Market Taxonomy By Market Structure   Organized Unorganized By Type of Pharmacies    Community Pharmacies Discount Pharmacies Hospital Pharmacies By Type of Products     Prescribed Drugs Over-The-Counter Non-Pharmaceutical Products Medical Equipment By Therapeutic Area           Anti-Infective Cardiovascular Central Nervous System Pain/Analgesics Vitamins/Minerals/Nutrients Antibiotics Respiratory Gastro-Intestinal Gynecology Others By Drug Type   Patented Drugs Generics Region

  5.     North America Europe Asia Pacific Latin America Middle East & Africa Key Target Audience        Pharmaceutical Manufacturing Companies Pharmacy Retail Companies Independent Pharmacies Industry Associations Regulatory Bodies Telemedicine Companies Pharmaceutical Distributors & Wholesalers Time Period Captured in the Report    Historical Period: 2017-2022 Base Period: 2022 Forecast Period: 2022-2027 Major Players Mentioned in the Report            Ahold Delhaize Albertsons Companies Inc. Cipla CVS Pharmacy GlaxoSmithKline Loblaw Merck KGaA Novo Nordisk Rite Aid Sanofi Walgreens Boots Alliance For More Insights On Market Intelligence, Refer to the Link Below: – Global Pharmacy Retail Market Related Reports by Ken Research: – Australia Pharmacy Retail Market Outlook to 2025 Indonesia Pharmacy Retail Market Outlook to 2025 Vietnam Pharmacy Retail Market Outlook to 2025

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