Retail Pharmacy Market Size Forecast: Key Trends and Demand Drivers
The global retail pharmacy market is set for a major step-up, rising from US$624.5 Bn in 2022 to US$1,264.2 Bn by 2030 , at a steady 10.6% CAGR (2023–2030) . That growth reflects three converging forces: aging populations, a heavier chronic disease burden, and tech-enabled convenience that rewires how consumers access medicines, advice, and wellness products. What’s Driving Demand Aging, multi-morbid populations. Older adults manage more long-term conditions—diabetes, hypertension, cardiovascular and joint disorders—leading to higher, repeat prescription volumes. Community pharmacies deliver proximity, counseling, and insurance coordination that keep adherence and affordability in focus. The chronic disease imperative. Continuous therapy means continuous support. Pharmacies increasingly function as adherence engines—synchronizing refills, providing medication guidance, and prompting on-time dosing to prevent complications. Rising healthcare spend. More doctor visits ...