Pharmacy Market in US 2023-2027

Pharmacy Market in US 2023-2027
The pharmacy market in US is forecasted to grow by USD 84.46 billion during 2022-2027, accelerating at a CAGR of 3.01% during the forecast period. The report on the pharmacy market in US 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.

Technavio's pharmacy market in US is segmented as below:

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

The report on the pharmacy market in US covers the following areas:pharmacy market in US sizingpharmacy market in US forecastpharmacy market in US industry analysisThe 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 in US 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., UnitedHealth Group Inc., Walgreens Boots Alliance Inc., and Walmart Inc.. Also, the pharmacy market in US 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 research - both primary and secondary. 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 the accurate market growth.