Pharmacies and Healthcare Stores Global Market Report 2020-30: Covid 19 Impact and Recovery

Pharmacies and Healthcare Stores Global Market Report 2020-30: Covid 19 Impact and Recovery from Publisher provides the strategists, marketers and senior management with the critical information they need to assess the global pharmacies and healthcare stores market as it emerges from the Covid 19 shut down.

Key Players:

• MedPlus
• Medzone
• Medicap
• Apollo Pharmacy
• Discount Drug Stores

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North America was the largest region in the global pharmacies and healthcare stores market, accounting for 33% of the market in 2019. Asia Pacific was the second largest region accounting for 27% of the global pharmacies and healthcare stores market. Africa was the smallest region in the global pharmacies and healthcare stores market.

Innovations in automation technology are on the rise and retail stores are increasingly using in-store automation to streamline retail shopping. Automation in retail stores is aimed at automating store operations such as container movement, merchandise scanning, inventory checking, retrieving, packaging, and delivering products, and connecting with customers.

Automation reduces waiting times, avoids stocking problems, enhances productivity, and increases overall customer experience. For instance, American retailer Lowe’s has installed multi-lingual, autonomous customer assistance robots in 11 locations in San Francisco Bay area. Retailers are also focusing on using self-checkout stands for customers. Walmart has patented a system of self-driving shopping carts.

The global pharmacies and healthcare stores market is expected to decline from $986.7 billion in 2019 to $971.9 billion in 2020 at a compound annual growth rate (CAGR) of -1.6%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 5% from 2021 and reach $1112.8 billion in 2023.

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Competitive scenario:

The study assesses factors such as segmentation, description, and applications of Pharmacies and Healthcare Stores industries. It derives accurate insights to give a holistic view of the dynamic features of the business, including shares, profit generation, thereby directing focus on the critical aspects of the business.

Major highlights of the report:

• An all-inclusive evaluation of the parent market
• The evolution of significant market aspects
• Industry-wide investigation of market segments
• Assessment of the market value and volume in the past, present, and forecast years
• Market share evaluation
• Study of niche industrial sectors
• Tactical approaches of the market leaders
• Lucrative strategies to help companies strengthen their position in the market.

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Posted by Rajat Sahni on Thursday July 09 2020, 4:59 PM EST. All trademarks acknowledged. Filed under Consumer & Retail, Retail. Comments and Trackbacks closed. Follow responses: RSS 2.0