The Covid-19 pandemic and increased need for medical treatments have led to robust demand for the drugstore sector products. Moreover, the growing geriatric population, rising incidence of chronic diseases, and increased healthcare expenditure are expected to spur growth.
According to the WHO, chronic diseases affect nearly 40% of the total population in America, resulting in a large pool of patients requiring therapies at home or care centers. With the US accounting for 45% of the total global pharmaceutical market and 22% of global production; the US pharmacy market is projected to grow at a 6.3% CAGR between 2021 to 2028.
