The Community Pharmacy Market in Belgium has shown moderate growth over the past years, with the value standing at 20.2 units in 2023. From 2013 to 2018, there was a steady increase, with the year-on-year variation peaking at 5.78% in 2015. However, starting in 2019, growth rates declined significantly and even turned negative in 2020, reflecting a -2.96% change. The market eventually stabilized slightly with minor positive changes; the most recent being a 1% increase in 2023. The Compound Annual Growth Rate (CAGR) also highlighted this slowdown, diminishing from a high of 5.4% in 2014 to 0% by 2023.
Forecasts suggest a slight positive trend with a 5-year CAGR of 0.49%, and a 2.45% growth rate expected through 2028. While growth is expected to remain limited, it shows a movement towards recovery and stabilization in the market.
Future trends to watch for:
- Adoption of digital health solutions
- Integration of personalized medicine services
- Changes in healthcare policies and pharmaceutical regulations
