Drugstores: A Global Strategic Business Report
San Jose, California (Vocus) July 19, 2010
Drugstore is a general American term used to represent pharmacy. Apart from selling medicines, drugstores also sell miscellaneous items including magazines, cosmetics, light refreshments and candy. Drug retailing outlets comprise chain drugstores, independent drugstores, mail order, supermarkets and mass merchandisers. The global drug retailing industry consists of revenues generated through sale of OTC drugs and prescription drugs, via various outlets. The global economic slowdown had trivial impact on the drugstores industry. During the past decade, the rise in elderly population provided an impetus to growth in the pharmacy market. However, revenues and growth rate of the industry witnessed a decline.
The United States and Europe dominate the world drugstores market, as stated by the new market research report on drugstores. Elderly people account for a significant share and represent a widely growing customer base for drugstores in the US. Health conscious consumers represent the other major growth driver for drugstores. In addition, self-propelled health conscious consumers are also expected to fuel growth. Chain drugstores are rapidly gaining momentum as the new destination for sale of vitamins and supplements. With the US economy coming up with healthcare reforms, retail drugstore chains are fast becoming health & wellness destinations.
In Europe, the count of online drugstores and independently owned drugstores is expected to increase. Sweden, Norway and the UK house the largest number of chain drugstores among EU nations. Germany followed by France accounts for the largest share in the European online drugstores market. Asia-Pacific represents the fastest growing market for drugstores in the world. Factors contributing to the growth in the region include increasing health conscious population, rising awareness, and surging elderly populace.
Key players profiled in the report include Alliance Boots, China National Pharmaceutical Group Corporation, China Nepstar Chain Drugstore Ltd., CVS Caremark Corporation, Discount Drug Mart Inc., Duane Reade Inc., Health Mart Systems Inc., Katz Group Canada Ltd., Longs Drug Stores Corporation, Medco Health Solutions Inc., Medicine Shoppe International Inc., MedPlus Health Services Pvt. Ltd., Pharmasave Drugs (National) Ltd., Rite Aid Corporation, Shoppers Drug Mart Inc., The Jean Coutu Group (PJC) Inc., The Kroger Co., Uniprix Inc., Walgreens Co., and Wal-Mart Stores Inc., among others.
The report titled “Drugstores: A Global Strategic Business Report” announced by Global Industry Analysts, Inc., provides a comprehensive review of industry overview, market trends, competitive scenario, product overview, and recent industry activity. The study analyzes market data and analytics in terms of value sales for regions including the US, Canada, Japan, Europe, Asia-Pacific, Latin America and Rest of World. The US market in particular has been quantified across categories, such as Chain Drugstores, Independent Drugstores and Mail Order.
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Drugstores_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1100 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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