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United States Pharmacy Market Overview

Base Year: 2023

Historical Years: 2018-2023

Forecast Years: 2024-2032

Market Size in 2023: US$ 619.46 Billion                                         

​Market Forecast in 2032: US$ 1,033.5 Billion

Market Growth Rate (2025-2033): 5.85%

United States pharmacy market size reached US$ 619.46 Billion in ​2023​. Looking forward, IMARC Group expects the market to reach US$ 1,033.5 Billion by ​2032​, exhibiting a growth rate (CAGR) of 5.85% during 2024-2032. The increasing incidence of chronic diseases such as diabetes, cardiovascular disorders, and respiratory conditions, which leads to a higher demand for medications, is driving the market.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/united-states-pharmacy-market/requestsample

United States Pharmacy Market Industry Trends and Drivers:

Market Expansion and Role Evolution

• The U.S. pharmacy market is undergoing dynamic growth, reinforcing its role in accessible and integrated healthcare delivery.

• Pharmacies are increasingly acting as primary care hubs, offering services beyond traditional prescription dispensing.

• There is a shift toward patient convenience, driving investment in telepharmacy, automation, and personalized care.

• The sector is aligning with value-based care reforms, enhancing its position in the modern healthcare framework.

Technological Advancements and Strategic Collaboration

• Digital health platforms are supporting services like real-time prescription tracking and virtual consultations, improving patient engagement.

• Pharmacies are forming alliances with healthcare providers and payers to deliver integrated care, such as chronic disease monitoring and medication therapy management.

• E-pharmacy services are gaining popularity, aided by strong logistics systems and regulatory support for digital prescriptions.

• Use of AI and data analytics is enabling pharmacies to offer proactive interventions and customized treatment plans, reinforcing their preventative care role.

Investment Trends and Emerging Opportunities

• There is a noticeable surge in investment and innovation, driven by demand for specialty medications and equitable healthcare access.

• Pharmacies are expanding into underserved areas, offering services like immunizations, testing, and wellness programs.

• Growth is accelerating in niche segments, including specialty drug distribution, pharmacogenomics, and critical medication home delivery.

• The rise of patient-centric omnichannel models (in-store, online, mobile) is enhancing the consumer experience and ensuring long-term market sustainability.

United States Pharmacy Market Trends and Drivers:

Product Type Insights:

• Prescription 
• OTC

Pharmacy Type Insights:

• Hospital Pharmacy
• Retail Pharmacy
• ePharmacy
• Others

Ownership Insights:

• Independent
• Chain

Regional Insights:

• Northeast
• Midwest
• South
• West

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Ask Our Expert & Browse Full Report with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=21066&flag=C

Key highlights of the Report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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