Global Pharmacy & Personal Care Store Industry
The global drugstore industry is expected to reach almost $555 billion by 2015, according to research from Global Industry Analysts. Factors fuelling market growth include the growing customer base of elderly people and health-conscious individuals as well as availability of more low-cost medicines and services. Drugstores are involved in the retail sale of not only medicines but also miscellaneous products such as refreshments, candy, cosmetics, toiletries and magazines and photo processing services.
Types of retailers operating in the global drugstore industry include supermarkets, chain drugstores, mail order, mass merchandisers and independent drugstores. Drugstore industry revenues were not adversely affected by the economic recession, though the industry’s growth rate and revenues have fallen somewhat in recent years.