Pharmacy Market Share | Industry Trends & Growth Insights 2025

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Code: MTA10304

Publication Date: Oct 2025

What is the size of Pharmacy Market?

According to 6Wresearch internal database and industry insights, the Global Pharmacy Market was valued at USD 1192.4 Billion in 2024 and is expected to reach USD 1719.3 Billion by 2031, growing at a compound annual growth rate of 5.10% during the forecast period (2025-2031).

This expansion is supported by rising chronic-disease prevalence, increasing prescription drug expenditure, and growing retail pharmacy networks. This industry accounted for an estimated market share of over 50% within the broader healthcare distribution ecosystem in 2024.Â

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Growth Factors for Pharmacy Industry

The rising prevalence of chronic diseases is increasing long-term medication demand.
Growth in retail and e-pharmacy channels is enhancing accessibility.
Expansion of over-the-counter (OTC) and health-supplement offerings.
Technological integration, such as digital prescriptions and tele-pharmacy services.
An ageing population and increased healthcare spending are driving pharmacy visits.

Pharmacy Market Trends

Trends in the pharmacy market reveal strong growth of e-pharmacy and online prescription fulfilment models due to consumer preferences for convenience and digital services. Retail pharmacies are adding enhancements to the dispensing role in areas such as health screenings, vaccinations, and wellness consultations. This is expanding foot traffic and revenue sources for pharmacies. Pharmacy chains and e-pharmacies are moving towards mobile app integration, subscription-based medication management, and partnerships with insurers are bringing greater competition and reshaping how pharmacies operate.Â

Emerging Developments in the Pharmacy Market

Developments of the pharmacy market are largely shifting towards omnichannel distribution models that integrate brick and mortar, online pharmacies, and alternative fulfilment settings. Pharmacy chains and e-pharmacies are collaborating with insurers and telehealth companies to bundle services while increasing patient engagement. Pharmacies are adopting automated dispensing, AI solutions to help patients adhere to medications, and are receiving home-delivered prescriptions via subscription. Regulatory changes and reforms are allowing pharmacies to provide expanded clinical services, which can position pharmacies as the primary point of care in the community.