Pharmacy Market Likely To Touch At ,422.1 Billion By 2028: Grand View Research Inc.Posted by Mrudula Anil Karmarkar on July 11th, 2023 San Francisco, 11 July 2023: The Report Pharmacy Market Size, Share & Trends Analysis Report By Product Type (Prescription, OTC), By Pharmacy Type (Retail, ePharmacy), By Region (North America, APAC), And Segment Forecasts, 2022 – 2028 The global pharmacy market size is expected to reach USD 1,422.1 billion by 2028, registering a CAGR of 4.3% during the forecast period, according to a new report by Grand View Research, Inc. Rapid growth in the ePharmacy market is a major parameter driving the market. Drastic growth in the online purchases of medicines during the COVID-19 pandemic along with increasing adoption of digital technologies is supporting the adoption of ePharmacies. In addition, major eCommerce companies are entering the ePharmacy industry, thereby supporting market growth potential. For instance, in November 2020, Amazon launched an online pharmacy known as Amazon Pharmacy for selling prescription drugs in the U.S. Pharmacies are adopting different automation systems and robots for automated packaging, labeling, filling and dispensing to improve pharmacy efficiency and reduce prescription filling time. For instance, in January 2021, Walgreens Boots Alliance, announced a major investment in iA, an automation provider for hospital, retail, mail order, and federal healthcare pharmacies. Moreover, pharmacies are offering customized support and personalized services using Artificial Intelligence (AI) and mobile applications. Many pharmacies have started introducing clinical programs for improving adherence to medications and enhancing health outcomes. In addition, they are increasing patient engagement with subscription and loyalty programs. Pharmacies are offering prescription refills over the internet through websites, mobile applications, and automated telephonic systems. Increasing adoption of automation technologies and digitalization initiatives by key players are driving the growth of the market. Request sample report of Pharmacy Market @https://www.grandviewresearch.com/industry-analysis/pharmacy-market-report/request/rs1 Pharmacy Market Report Highlights
Pharmacy Market Report Scope
List of Key Players of Pharmacy Market
Access Press Release of Pharmacy Market@https://www.grandviewresearch.com/press-release/global-pharmacy-market
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