( MENAFN - EIN Presswire) Pharmacies and Drug Stores Global market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033 The Business Research Company's Pharmacies and Drug Stores Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033 LONDON, GREATER LONDON, UNITED KINGDOM, October 29, 2024 /EINPresswire / -- The Business Research Company's Early Year-End Sale! Get up to 30% off detailed market research reports-limited time only! The pharmacies and drug stores market has experienced significant growth in recent years. It is projected to increase from $1,224.73 billion in 2023 to $1,304.
99 billion in 2024, reflecting a compound annual growth rate (CAGR) of 6.6%. The growth during the historical period can be attributed to factors such as an aging population, rising healthcare demands, expanded health insurance coverage, increased awareness of preventive healthcare, the prevalence of chronic diseases, and the convenience offered by retail pharmacies.
How Much Will the Global Pharmacies and Drug Stores Market Grow, and What Is the Predicted Annual Growth Rate? The pharmacies and drug stores market is anticipated to experience robust growth in the coming years, reaching $1,662.63 billion by 2028 at a compound annual growth rate (CAGR) of 6.2%.
This projected growth can be attributed to the rise of telehealth and remote consultations, the expansion of health and wellness services, increased consumer emphasis on self-care, the integration of p.