Market Outlook: US Drugstores—Focusing on Tech-Enabled Healthcare Solutions

Published – November 2022

Each Market Outlook offers our analysts’ definitive view of their sector. This research report includes proprietary forecasts, analysis of company metrics, exclusive consumer-survey data, and our analysts’ consideration of factors and themes in the market.

Data in this report include:

• US drugstores’ total sales and YoY% growth
• YoY inflation in prescription and non-prescription drugs in the US
• US online health and personal care market size and YoY% growth
• Major drugstore chain and pharmacy revenues
• Walgreens, CVS Health and Rite Aid store count (at fiscal period end)

Introduction

Market Scale and Opportunity

Market Factors

Online Market

Competitive Landscape

Themes We Are Watching

What We Think

Amazon, CVS Health, Walgreens Boots Alliance, Walmart

1. US Drugstores’ Total Sales (Left Axis; USD Bil); and YoY% Change (Right Axis; %)
2. YoY Inflation (% Change in CPI) in Prescription (Rx) and Non-Prescription Drugs in the US
3. Producer Price Index: Pharmacies and Drugstores (YoY % Change)
4. US Health and Personal Care Specialist Retailers’ Online Sales (Left Axis; USD Bil.) and YoY % Change (Right Axis; %)
5. US Health and Personal Care Specialist Retailers’ E-Commerce Penetration Rate
6. Major Drugstore Chains and Pharmacies Revenues (USD Bil.)
7. Walgreens, CVS Health and Rite Aid Store Count (at Fiscal Period End)
8. Respondents Who Purchased from a Drugstore or Pharmacy in the Three Months to August 2022: Retailers Purchased From (% of Respondents)
9. Respondents Who Purchased from a Drugstore or Pharmacy in the Three Months to August 2022: Categories Purchased (% of Respondents)