The global pharmacy retail market was valued at USD 1.45 Trillion in 2025 and is expected to grow at a CAGR of 3.70%, reaching USD 2.09 Trillion by 2035. The market growth is driven by the rising prevalence of chronic diseases and the growing demand for over-the-counter drugs across the globe. The growth is further fueled by expanding healthcare access, increasing self-medication practices, and growing online pharmacy penetration. Advancements in digital health technologies and rising urbanization are expected to support market growth.
Base Year
Historical Period
Forecast Period
Cardiovascular deaths are projected to rise from 20.5 million in 2025 to 35.6 million by 2050, significantly driving demand for chronic disease medications and contributing to the growth of the global pharmacy retail market.
In June 2023, Sun Life Health launched the Lumino Health Pharmacy app in partnership with Pillway, improving medication adherence through digital tools. Such innovations are expected to drive growth in the pharmacy retail market.
The growing presence of key players offering improved accessibility, digital integration, and expanded product ranges is significantly driving the global pharmacy retail market growth, enhancing consumer convenience and strengthening distribution networks worldwide.
Compound Annual Growth Rate
3.7%
Value in USD Trillion
2026-2035
*this image is indicative*
Pharmacy retail plays a critical role in healthcare delivery, offering consumers convenient access to a wide range of medications and wellness products through both physical stores and digital platforms. The sector has seen significant transformation with the rise of e-commerce, telehealth, and technology-enabled services. The market is experiencing steady growth, fueled by rising healthcare awareness, expanding elderly populations, and increasing chronic disease incidence. Emerging markets and technological innovations are further driving demand. The market is poised to grow at a CAGR of 3.70% during the forecast period of 2026-2035, reflecting its expanding role in healthcare systems.
Surge in Chronic Illness Cases to Drive Growth in the Market
The increasing burden of infectious diseases, particularly tuberculosis (TB), is significantly driving the demand for pharmaceutical products through retail channels. In June 2024, the World Health Organization (WHO) reported that 8.2 million people were newly diagnosed with TB in 2023, the highest figure since TB monitoring began in 1995. This marked rise from 7.5 million in 2022 underscores the heightened need for accessible medications and diagnostic solutions . This alarming surge in cases highlights the urgent need for widespread access to treatment, thereby accelerating the growth of the global pharmacy retail market in the coming years.
The market is experiencing several key trends, including the emergence of integrated digital pharmacy services and the rise of digital health hubs, both of which are reshaping patient engagement.
Integrated Digital Pharmacy Services to Boost the Market Value
The integration of digital convenience with medication management is emerging as a key trend in the market. In October 2024, Amazon Pharmacy introduced an enhanced PillPack service that allows customers to receive pre-sorted medication packets, simplifying the process for individuals managing multiple prescriptions. This feature includes fast, free home delivery and 24/7 pharmacist access, particularly benefiting those taking three or more medications. Such innovations are significantly improving adherence and convenience, thereby accelerating the growth trajectory of the market.
Digital Health Hubs Redefining Patient Engagement in Pharmacy Retail to Strengthen Pharmacy Retail Market Expansion
The emergence of curated digital health hubs is shaping a transformative trend in the global market. For instance, in April 2025, Pharmacy2U collaborated with ORCHA to launch the Pharmacy2U App Hub, offering patients access to rigorously assessed, clinically assured health applications. Designed to empower users with safe, effective digital tools, this platform enhances healthcare accessibility and personalization . Such advancements highlight the growing importance of digital ecosystems in retail pharmacy, positioning the sector for sustained innovation and robust market expansion.
Online Channels to Lead the Market Segmentation Based on the Type
The market is segmented into two major types including online and offline. While offline pharmacies remain prevalent, the online segment is expected to lead, driven by digital convenience and improved accessibility. For instance, in April 2025, PhonePe’s PINCODE app launched a 24×7 online medicine delivery service in three metropolitan cities of India. It enabled rapid, prescription and non-prescription access via free teleconsultations and partnerships with local medical shops. This model supports local businesses while ensuring quick deliveries. As digital health adoption accelerates, the online segment is poised to dominate the global pharmacy retail landscape.
The regions included in the report are North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Among these, North America, particularly the United States and Canada, leads the market due to strong healthcare infrastructure and advanced digital integration. For example, in June 2023, Sun Life Health in Canada launched the Lumino Health™ Pharmacy app, in collaboration with Pillway, to enhance medication adherence by offering virtual pharmacist consultations, home deliveries, and medication trackin g. This innovation reflects the region's growing emphasis on technology-driven, patient-centric pharmacy services
The key features of the market report comprise grants analysis, funding and investment analysis, and strategic initiatives by the leading players. The major companies in the market are as follows:
CVS Health Corporation plays a significant role in the pharmacy retail market through its subsidiary, CVS Caremark®, a leading pharmacy benefit manager (PBM). The company designs and administers cost-effective prescription drug plans that support affordable and clinically effective products. With its integrated model, CVS enhances access to care, improves health outcomes, and helps lower overall health care costs.
Walgreens Boots Alliance Inc., a leader in retail pharmacy, integrates healthcare and retail services to enhance community health. With a presence in over eight countries, the company expanded its market role through clinical trials and public health initiatives, including free in-store HIV/STD testing. Its retail pharmacy services, and seasonal product offerings continue to drive growth in the Global Pharmacy Retail Market.
Walmart Inc., a retailer, continues to strengthen its presence in the pharmacy retail market through its innovative same-day pharmacy delivery service. Launched in 2024, this initiative integrates prescription medications with general merchandise in a single online order. By leveraging its vast store network and digital platforms, Walmart enhances healthcare accessibility and convenience for millions of customers across the United States.
The Kroger Co., a prominent player in the pharmacy retail market, offers an integrated healthcare experience through its extensive retail pharmacy services. The company provides prescription management, vaccinations, and virtual care via The Little Clinic. It also promotes health through nutrition counseling and wellness programs. Kroger’s expanding health services reinforce its commitment to accessible, affordable, and preventive care solutions across its retail network.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other key players in the market are Albertsons Companies, Inc., Rite Aid Corp., and L Rowland & Co (Retail) Ltd.
"Pharmacy Retail Market Report and Forecast 2026-2035" offers a detailed analysis of the market based on the following segments.
Market Breakup by Type
Market Breakup by Product Type
Market Breakup by Category
Market Breakup by Region
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Product Type |
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| Breakup by Category |
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| Breakup by Region |
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| Market Dynamics |
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| Supplier Landscape |
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