Pharmacy Market Size, Share, and Trends 2024 to 2034

The global pharmacy market size is calculated at USD 1.34 trillion in 2025 and is forecasted to reach around USD 1.92 trillion by 2034, accelerating at a CAGR of 4.05% from 2025 to 2034. The North America market size surpassed USD 680 billion in 2024 and is expanding at a CAGR of 4.23% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

  • Last Updated : January 2025
  • Report Code : 1568
  • Category : Healthcare

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Pharmacy Market 

5.1. COVID-19 Landscape: Pharmacy Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Pharmacy Market, By Product Type

8.1. Pharmacy Market, by Product Type

8.1.1. Prescription

8.1.1.1. Market Revenue and Forecast

8.1.2. OTC

8.1.2.1. Market Revenue and Forecast

Chapter 9. Global Pharmacy Market, By Type

9.1. Pharmacy Market, by Type

9.1.1. Hospital Pharmacy

9.1.1.1. Market Revenue and Forecast

9.1.2. Retail Pharmacy

9.1.2.1. Market Revenue and Forecast

9.1.3. ePharmacy

9.1.3.1. Market Revenue and Forecast

9.1.4. Others

9.1.4.1. Market Revenue and Forecast

Chapter 10. Global Pharmacy Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Forecast, by Product Type

10.1.2. Market Revenue and Forecast, by Type

10.1.3. U.S.

10.1.3.1. Market Revenue and Forecast, by Product Type

10.1.3.2. Market Revenue and Forecast, by Type

10.1.4. Rest of North America

10.1.4.1. Market Revenue and Forecast, by Product Type

10.1.4.2. Market Revenue and Forecast, by Type

10.2. Europe

10.2.1. Market Revenue and Forecast, by Product Type

10.2.2. Market Revenue and Forecast, by Type

10.2.3. UK

10.2.3.1. Market Revenue and Forecast, by Product Type

10.2.3.2. Market Revenue and Forecast, by Type

10.2.4. Germany

10.2.4.1. Market Revenue and Forecast, by Product Type

10.2.4.2. Market Revenue and Forecast, by Type

10.2.5. France

10.2.5.1. Market Revenue and Forecast, by Product Type

10.2.5.2. Market Revenue and Forecast, by Type

10.2.6. Rest of Europe

10.2.6.1. Market Revenue and Forecast, by Product Type

10.2.6.2. Market Revenue and Forecast, by Type

10.3. APAC

10.3.1. Market Revenue and Forecast, by Product Type

10.3.2. Market Revenue and Forecast, by Type

10.3.3. India

10.3.3.1. Market Revenue and Forecast, by Product Type

10.3.3.2. Market Revenue and Forecast, by Type

10.3.4. China

10.3.4.1. Market Revenue and Forecast, by Product Type

10.3.4.2. Market Revenue and Forecast, by Type

10.3.5. Japan

10.3.5.1. Market Revenue and Forecast, by Product Type

10.3.5.2. Market Revenue and Forecast, by Type

10.3.6. Rest of APAC

10.3.6.1. Market Revenue and Forecast, by Product Type

10.3.6.2. Market Revenue and Forecast, by Type

10.4. MEA

10.4.1. Market Revenue and Forecast, by Product Type

10.4.2. Market Revenue and Forecast, by Type

10.4.3. GCC

10.4.3.1. Market Revenue and Forecast, by Product Type

10.4.3.2. Market Revenue and Forecast, by Type

10.4.4. North Africa

10.4.4.1. Market Revenue and Forecast, by Product Type

10.4.4.2. Market Revenue and Forecast, by Type

10.4.5. South Africa

10.4.5.1. Market Revenue and Forecast, by Product Type

10.4.5.2. Market Revenue and Forecast, by Type

10.4.6. Rest of MEA

10.4.6.1. Market Revenue and Forecast, by Product Type

10.4.6.2. Market Revenue and Forecast, by Type

10.5. Latin America

10.5.1. Market Revenue and Forecast, by Product Type

10.5.2. Market Revenue and Forecast, by Type

10.5.3. Brazil

10.5.3.1. Market Revenue and Forecast, by Product Type

10.5.3.2. Market Revenue and Forecast, by Type

10.5.4. Rest of LATAM

10.5.4.1. Market Revenue and Forecast, by Product Type

10.5.4.2. Market Revenue and Forecast, by Type

Chapter 11. Company Profiles

11.1. CVS Health

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. Boots Walgreens

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. Cigna

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. Walmart

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. Kroger

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. Rite Aid Corp.

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. Lloyd Pharmacy

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. Well Pharmacy

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. Humana Pharmacy Solutions

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. Matsumoto Kiyoshi

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

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Frequently Asked Questions

The global pharmacy market size was reached at USD 1.29 trillion in 2024 and is anticipated to surpass USD 1.92 trillion by 2034.

The global pharmacy market is growing at a CAGR of 4.05% over the forecast period 2025 to 2034.

The major players operating in the pharmacy market are CVS Health, Boots Walgreens, Cigna, Walmart, Kroger, Rite Aid Corp., Lloyd Pharmacy, Well Pharmacy, Humana Pharmacy Solutions, Matsumoto Kiyoshi.

The E-pharmacy market's rapid growth is a crucial factor driving the market. The market is growing due to leading players' increasing embrace of automation technology and digitization activities.

North America region will lead the global pharmacy market in near future.

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