The global pharmacy market is experiencing significant growth, driven by factors such as the increasing prevalence of chronic diseases, advancements in digital health technologies, and the rising demand for over-the-counter (OTC) medications. This article provides an in-depth analysis of the current market landscape, key players, recent developments, and future prospects.

The global pharmacy market was valued at USD 2,051.5 billion in 2023 and is expected to grow to USD 2,187.5 billion in 2024. It is projected to reach USD 3,886.3 billion by 2032, reflecting a compound annual growth rate (CAGR) of 7.4% over the forecast period.

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Top Companies in the Market

• Walmart Inc. (U.S.)
• CVS Health (U.S.)
• Walgreens Boots Alliance, Inc. (U.S.)
• Kroger | The Kroger Co (U.S.)
• Kaiser Foundation Health Plan, Inc. (U.S.)
• Target Brands, Inc. (U.S.)
• Bellin Health Systems (U.S.)
• Geisinger Health (U.S.)
• Rite Aid Corp. (U.S.)

Key Industry Development

The top dispensing pharmacy chain in Japan, Nihon Chouzai, partnered with Infosys Limited in June 2024. By improving online drug services in Japan, this partnership sought to increase access to healthcare in that nation.