Pharmacy Market in US 2024-2028

The pharmacy market is forecasted to grow by USD 90.8 billion during 2023-2028, accelerating at a CAGR of 3.14% during the forecast period. The report on the pharmacy market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing aging population, technological advancements, and rising awareness of consumer health and wellness.

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	2.87%
CAGR	3.14%
Incremental Value	$90.8 bn

Technavio's pharmacy market is segmented as below:

By Product

Prescription
OTC

By Ownership

Pharmacy chain
Independent

By Type

Retail pharmacy
Hospital pharmacy
Others

By Geographical Landscape

North America

This study identifies the increasing use of telepharmacy services as one of the prime reasons driving the pharmacy market growth during the next few years. Also, growth of specialty pharmacies and expanding scope of patients for pharmacists will lead to sizable demand in the market.

The report on the pharmacy market covers the following areas:

Pharmacy Market sizing
Pharmacy Market forecast
Pharmacy Market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading pharmacy market vendors that include Albertsons Companies Inc., Cardinal Health Inc., CVS Health Corp., Humana Inc., McKesson Corp., Rite Aid Corp., The Cigna Group, The Kroger Co., United Health Group Inc., Walgreens Boots Alliance Inc., and Walmart Inc.. Also, the pharmacy market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Product Code: IRTNTR76457

1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Country Market Characteristics
- Executive Summary - Chart on Market Segmentation by Product
- Executive Summary - Chart on Market Segmentation by Ownership
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Company Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
2.2 Market characteristics
- Market characteristics analysis
2.3 Value chain analysis
- Value Chain Analysis

3 Market Sizing

3.1 Market definition
- Offerings of companies included in the market definition
3.2 Market segment analysis
- Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ billion)
- Data Table on US - Market size and forecast 2023-2028 ($ billion)
- Chart on US: Year-over-year growth 2023-2028 (%)
- Data Table on US: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Pharmacy Market in US 2018 - 2022
- Historic Market Size - Data Table on Pharmacy Market in US 2018 - 2022 ($ billion)
4.2 Product segment analysis 2018 - 2022
- Historic Market Size - Product Segment 2018 - 2022 ($ billion)
4.3 Ownership segment analysis 2018 - 2022
- Historic Market Size - Ownership Segment 2018 - 2022 ($ billion)
4.4 Type segment analysis 2018 - 2022
- Historic Market Size - Type Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Product

6.1 Market segments
- Chart on Product - Market share 2023-2028 (%)
- Data Table on Product - Market share 2023-2028 (%)
6.2 Comparison by Product
- Chart on Comparison by Product
- Data Table on Comparison by Product
6.3 Prescription - Market size and forecast 2023-2028
- Chart on Prescription - Market size and forecast 2023-2028 ($ billion)
- Data Table on Prescription - Market size and forecast 2023-2028 ($ billion)
- Chart on Prescription - Year-over-year growth 2023-2028 (%)
- Data Table on Prescription - Year-over-year growth 2023-2028 (%)
6.4 OTC - Market size and forecast 2023-2028
- Chart on OTC - Market size and forecast 2023-2028 ($ billion)
- Data Table on OTC - Market size and forecast 2023-2028 ($ billion)
- Chart on OTC - Year-over-year growth 2023-2028 (%)
- Data Table on OTC - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Product
- Market opportunity by Product ($ billion)
- Data Table on Market opportunity by Product ($ billion)

7 Market Segmentation by Ownership

7.1 Market segments
- Chart on Ownership - Market share 2023-2028 (%)
- Data Table on Ownership - Market share 2023-2028 (%)
7.2 Comparison by Ownership
- Chart on Comparison by Ownership
- Data Table on Comparison by Ownership
7.3 Pharmacy chain - Market size and forecast 2023-2028
- Chart on Pharmacy chain - Market size and forecast 2023-2028 ($ billion)
- Data Table on Pharmacy chain - Market size and forecast 2023-2028 ($ billion)
- Chart on Pharmacy chain - Year-over-year growth 2023-2028 (%)
- Data Table on Pharmacy chain - Year-over-year growth 2023-2028 (%)
7.4 Independent - Market size and forecast 2023-2028
- Chart on Independent - Market size and forecast 2023-2028 ($ billion)
- Data Table on Independent - Market size and forecast 2023-2028 ($ billion)
- Chart on Independent - Year-over-year growth 2023-2028 (%)
- Data Table on Independent - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by Ownership
- Market opportunity by Ownership ($ billion)
- Data Table on Market opportunity by Ownership ($ billion)

8 Market Segmentation by Type

8.1 Market segments
- Chart on Type - Market share 2023-2028 (%)
- Data Table on Type - Market share 2023-2028 (%)
8.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
8.3 Retail pharmacy - Market size and forecast 2023-2028
- Chart on Retail pharmacy - Market size and forecast 2023-2028 ($ billion)
- Data Table on Retail pharmacy - Market size and forecast 2023-2028 ($ billion)
- Chart on Retail pharmacy - Year-over-year growth 2023-2028 (%)
- Data Table on Retail pharmacy - Year-over-year growth 2023-2028 (%)
8.4 Hospital pharmacy - Market size and forecast 2023-2028
- Chart on Hospital pharmacy - Market size and forecast 2023-2028 ($ billion)
- Data Table on Hospital pharmacy - Market size and forecast 2023-2028 ($ billion)
- Chart on Hospital pharmacy - Year-over-year growth 2023-2028 (%)
- Data Table on Hospital pharmacy - Year-over-year growth 2023-2028 (%)
8.5 Others - Market size and forecast 2023-2028
- Chart on Others - Market size and forecast 2023-2028 ($ billion)
- Data Table on Others - Market size and forecast 2023-2028 ($ billion)
- Chart on Others - Year-over-year growth 2023-2028 (%)
- Data Table on Others - Year-over-year growth 2023-2028 (%)
8.6 Market opportunity by Type
- Market opportunity by Type ($ billion)
- Data Table on Market opportunity by Type ($ billion)

9 Customer Landscape

9.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

10 Drivers, Challenges, and Opportunity/Restraints

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
10.4 Market opportunities/restraints

11 Competitive Landscape

11.1 Overview
11.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
11.3 Landscape disruption
- Overview on factors of disruption
11.4 Industry risks
- Impact of key risks on business

12 Competitive Analysis

12.1 Companies profiled
- Companies covered
12.2 Market positioning of companies
- Matrix on companies position and classification
12.3 Albertsons Companies Inc.
- Albertsons Companies Inc. - Overview
- Albertsons Companies Inc. - Product / Service
- Albertsons Companies Inc. - Key news
- Albertsons Companies Inc. - Key offerings
12.4 Cardinal Health Inc.
- Cardinal Health Inc. - Overview
- Cardinal Health Inc. - Business segments
- Cardinal Health Inc. - Key news
- Cardinal Health Inc. - Key offerings
- Cardinal Health Inc. - Segment focus
12.5 CVS Health Corp.
- CVS Health Corp. - Overview
- CVS Health Corp. - Business segments
- CVS Health Corp. - Key offerings
- CVS Health Corp. - Segment focus
12.6 Humana Inc.
- Humana Inc. - Overview
- Humana Inc. - Business segments
- Humana Inc. - Key offerings
- Humana Inc. - Segment focus
12.7 McKesson Corp.
- McKesson Corp. - Overview
- McKesson Corp. - Business segments
- McKesson Corp. - Key news
- McKesson Corp. - Key offerings
- McKesson Corp. - Segment focus
12.8 Rite Aid Corp.
- Rite Aid Corp. - Overview
- Rite Aid Corp. - Business segments
- Rite Aid Corp. - Key offerings
- Rite Aid Corp. - Segment focus
12.9 The Cigna Group
- The Cigna Group - Overview
- The Cigna Group - Product / Service
- The Cigna Group - Key offerings
12.10 The Kroger Co.
- The Kroger Co. - Overview
- The Kroger Co. - Product / Service
- The Kroger Co. - Key news
- The Kroger Co. - Key offerings
12.11 United Health Group Inc.
- United Health Group Inc. - Overview
- United Health Group Inc. - Business segments
- United Health Group Inc. - Key offerings
- United Health Group Inc. - Segment focus
12.12 Walgreens Boots Alliance Inc.
- Walgreens Boots Alliance Inc. - Overview
- Walgreens Boots Alliance Inc. - Business segments
- Walgreens Boots Alliance Inc. - Key news
- Walgreens Boots Alliance Inc. - Key offerings
- Walgreens Boots Alliance Inc. - Segment focus
12.13 Walmart Inc.
- Walmart Inc. - Overview
- Walmart Inc. - Business segments
- Walmart Inc. - Key news
- Walmart Inc. - Key offerings
- Walmart Inc. - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
13.3 Currency conversion rates for US$
- Currency conversion rates for US$
13.4 Research methodology
- Research methodology
13.5 Data procurement
- Information sources
13.6 Data validation
- Data validation
13.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
13.8 Data synthesis
- Data synthesis
- 360 degree market analysis
- 360 degree market analysis
13.10 List of abbreviations
- List of abbreviations