U.S. Pharmacy Market to Reach USD 861.67 Billion by 2028

Key Prominent Players Covered in the U.S. Pharmacy Market are CVS Health Corporation (Rhode Island, U.S.), Walgreens Boots Alliance, Inc. (Illinois, U.S.)

The “U.S. pharmacy market” size was USD 534.21 billion in 2020. The market is projected to grow from USD 560.00 billion in 2021 to USD 861.67 billion by 2028 at a CAGR of 6.3% in the 2021-2028 period.

This information is published by Fortune Business Insights™, in its report, titled, “U.S. Pharmacy Market, 2021-2028.”

According to our expert researchers, surging occurrence of aliments in the U.S., growing geriatric population, and rising healthcare spending are few of the prime aspects fueling the growth of the pharmaceuticals market in the country.

COVID-19 Impact

Surging Consciousness Regarding Health amid COVID-19 Pandemic to Aid Market Growth

The COVID-19 pandemic has had an adverse sway on the pharmacy market. Vital players registered a considerable growth in their income levels from the pharmacy business due to the notable rise in the amount of patients gaining prescribed medicines at home during the COVID-19 lockdown. Furthermore, with the COVID-19 outbreak, the home care facilities attained more popularity, thereby sanctioning patients the safety of remaining in their houses and declining the threat of exposure to the virus. Henceforth, several local drugs perceived a rise in demand for delivery services and that resulted in an augmentation in prescription revenue.

To get to know more about the short-term and long-term impact of COVID-19 on this market, please visit:


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Hrushi Dudhane

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