From 2013 to 2023, the community pharmacy market in Denmark showed a mix of growth and contraction phases. The market experienced notable growth in 2015, 2019, and particularly in 2022, when it grew by 15.43% year-on-year. Between 2017 and 2021, growth was inconsistent with a significant decline of 14.63% in 2021. As of 2023, the market value stood at 20.8 (in the unit of generics in value), achieving a CAGR of 2.15% from 2019 to 2023.
The forecast for 2024 onward indicates a stable growth trajectory. The market is expected to grow at a CAGR of 2.15% over the next five years, reaching a value of 23.8 by 2028. This represents an 11.21% total forecasted growth rate over the period.
Future trends to watch for include advancements in pharmaceutical technology, regulatory changes impacting generic drug pricing, and the potential increase in healthcare demands due to an aging population. Monitoring these factors will be crucial for anticipating the market's direction.
