Pharmacy Market Outlook:
Pharmacy Market size was over USD 1.38 trillion in 2025 and is anticipated to cross USD 2.43 trillion by 2035, growing at more than 5.8% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of pharmacy is assessed at USD 1.45 trillion.
The growth of the market is primarily attributed to the rising count of various type of diseases, and significant upsurge in variety of prescriptions worldwide. For instance, in 2019, the total number of prescriptions dispensed in England was 1.14 billion. This was an upsurge of 0.98% (10 million) over the past year's figure of 1.109 billion.
Pharmacy market renders the marketing of various drugs, medical devises to consumers and healthcare professionals. Since the outbreak of pandemic, the number of visitors have increased as a result of more awareness regarding health, hygiene, and so on. Therefore, numerous pharmacies including retail, and hospital grade have been adopting automation devices to provide swift services to patients. Now, various kind of automation systems are broadly used in pharmacies in the form of robotic dispensing, automated pill counting, bar code verification and so on. Thus, the adoption of automation is leading up the pharmacy market growth over the forecast period. For instance, Walgreens Boots Alliance is using automation technique to fill more prescriptions for customers in Dallas area since first quarter of 2022. Each robot is capable of filling 300 prescriptions in an hour.
Key Pharmacy Market Insights Summary:
Regional Highlights:
- The North America pharmacy market will secure around 51.9% share by 2035, driven by the increasing use of OTC drugs and the expanding healthcare expenditure.
Segment Insights:
- The prescription segment in the pharmacy market is projected to exhibit significant growth over 2026-2035, fueled by the growing chronic disease burden and aging population.
Key Growth Trends:
- Rising Geriatric Population
- Worldwide Escalation in Chronic Diseases
Major Challenges:
- Hurdles Associated with the Use of Vaccines and Drugs
- Stringent Policies of Government
Key Players: CVS Health Corporation, Walmart Inc., Walgreens Boots Alliance, Inc., The Kroger Co., Rite Aid Corp.
Global Pharmacy Market Forecast and Regional Outlook:
Market Size & Growth Projections:
- 2025 Market Size: USD 1.38 trillion
- 2026 Market Size: USD 1.45 trillion
- Projected Market Size: USD 2.43 trillion by 2035
- Growth Forecasts: 5.8% CAGR (2026-2035)
Key Regional Dynamics:
- Largest Region: North America (51.9% Share by 2035)
- Fastest Growing Region: Asia Pacific
- Dominating Countries: United States, China, Japan, Germany, United Kingdom
- Emerging Countries: China, India, Japan, South Korea, Malaysia
Last updated on : 9 September, 2025
Pharmacy Market Growth Drivers and Challenges:
Growth Drivers
-
Rising Geriatric Population – Growing age have a significant impact on the likelihood of developing certain medical disorders. Numerous health problems that regularly plague the elderly people have a negative impact on their general quality of life. Thus, swiftly increasing geriatric population is leading the pharmacy market growth. According to the World Health Organization (WHO), there were approximately 1 billion people aged 60 and older in 2019. This number is expected to increase by nearly 1.4 billion by 2030 and 2.1 billion by 2050.
-
Worldwide Escalation in Chronic Diseases – For instance, the probability of developing a chronic disease was increased by 59% by 2020.
- Upsurge in Autoimmune Disorders – For instance, all autoimmune diseases affect approximately 4% of the US population, that denotes nearly 10 million people in the region.
- Surge in Approved Prescription Drugs – For instance, in the United States, more than 20,000 prescription drugs had approved for selling until 2020.
- Global Increase in Healthcare Expenditure - As per the World Bank data, global healthcare expenditure was expanded by 9.83% in 2019.
Challenges
-
Hurdles Associated with the Use of Vaccines and Drugs
-
Stringent Policies of Government
- Product Recalls and Lawsuit Filing Threat
Pharmacy Market Size and Forecast:
| Report Attribute | Details |
|---|---|
|
Base Year |
2025 |
|
Forecast Period |
2026-2035 |
|
CAGR |
5.8% |
|
Base Year Market Size (2025) |
USD 1.38 trillion |
|
Forecast Year Market Size (2035) |
USD 2.43 trillion |
|
Regional Scope |
|
Pharmacy Market Segmentation:
Product Segment Analysis
The global pharmacy market is segmented and analyzed for demand and supply by product into prescription, and OTC, out of which the prescription segment is projected to significantly grow over the forecast period on the back of the globally increasing burden of chronic diseases i.e., cancer, diabetes, and significantly growing geriatric population. According to the World Health Organization (WHO), there are nearly 422 million diabetics worldwide, and diabetes is the leading cause of 1.5 million annual fatalities.
Our in-depth analysis of the global market includes the following segments:
|
By Product |
|
|
By Pharmacy Type |
|
|
By Application |
|
Vishnu Nair
Head - Global Business DevelopmentCustomize this report to your requirements — connect with our consultant for personalized insights and options.
Pharmacy Market Regional Analysis:
Regionally, the global pharmacy market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, North America region is anticipated to hold over 51.9% market share by 2035, due to the increasing use of OTC drugs and the expanding healthcare expenditure. For instance, in the United States, approximately 9 out of 10 people use OTC medications on regular basis, which is amounting more than 261 million users.
Pharmacy Market Players:
- CVS Health Corporation
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Walmart Inc.
- Walgreens Boots Alliance, Inc.
- The Kroger Co.
- Rite Aid Corp.
- UnitedHealth Group
- Well Pharmacy
- Albertsons Companies, Inc.
- LloydsPharmacy Limited
- Cigna
Recent Developments
-
Walgreens Boots Alliance, Inc. has completed the previously announced majority share acquisition of CareCentrix, Inc. People with complex or chronic conditions are anticipated to benefit more from this partnership as they move out from the hospitals.
-
Walmart Inc. announced the acquisition of Volt Systems to improve its store insights and decision making in order to anticipate customer needs better.
- Report ID: 4435
- Published Date: Sep 09, 2025
- Report Format: PDF, PPT
- Get detailed insights on specific segments/region
- Inquire about report customization for your industry
- Learn about our special pricing for startups
- Request a demo of the report’s key findings
- Understand the report’s forecasting methodology
- Inquire about post-purchase support and updates
- Ask About Company-Level Intelligence Additions
Have specific data needs or budget constraints?
Inquiry Before BuyingFrequently Asked Questions (FAQ)
Pharmacy Market Report Scope
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Connect with our Expert
Copyright @ 2025 Research Nester. All Rights Reserved.
