About Drug & Pharmaceuticals & Cosmetics Retail
Drug & Pharmaceuticals & Cosmetics Retail industry consist of establishments that are concerned with retailing an independent avenue that provides Drug & Pharmaceuticals & Cosmetics products to the peoples. In which includes branded or generic medicines, Beauty products cosmetic products and other products.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing towards the production technologies, efficiency enhancement and product life. There is various growth opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge invest in market growth strategies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Drug & Pharmaceuticals & Cosmetics Retail market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Walgreens Boots Alliance, Inc. (United States), CVS Health Corporation (United States), A.S. Watson Group (China), Rite Aid Corporation (United States), Dirk Rossmann GmbH (Germany), dm-drogerie markt GmbH + Co. KG (Germany), Express Scripts, Inc. (United States), UnitedHealth Group-OptumRx (United States), The Kroger Company (United States) and Humana Pharmacy Solutions (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Drug & Pharmaceuticals & Cosmetics Retail market by Type (Cosmetic and Pharmaceutical), Application (Child, Women and Men) and Region.
On the basis of geography, the market of Drug & Pharmaceuticals & Cosmetics Retail has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Channel, the sub-segment i.e. Direct Sales will boost the Drug & Pharmaceuticals & Cosmetics Retail market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rite Aid has been establishing on-trend supplier relationships
Market Growth Drivers:
Increasing Use of Cosmetic Products and Rising growth of pharmaceutical industry
Challenges:
Declining foot traffic to stores due to online stores
Restraints:
The retail industry continues to rely significantly on third-party players
Opportunities:
Healthcare costs and the shortage of primary care physicians are creating opportunities for pharmacists and drugstores
Market Leaders and their expansionary development strategies
In November 2023, Sephora, the world's leading omni-channel prestige beauty retailer, announced a partnership with Reliance Beauty & Personal Care Limited, a wholly owned subsidiary of Reliance Retail Ventures Limited (RRVL) to advance their shared ambition to develop and define the future of prestige beauty retail in India. The partnership gives RRVL exclusive rights to build and enhance Sephora's presence in India across channels.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors and Analysts and Strategic Business Planners
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.