Sector Overview: Consolidation, Collaboration and Innovation Coming to US Drugstores
Each of our Sector Overview reports provides an essential briefing on a sector or market. In US drugstore retailing:
- Collaborations and alliances formed last year will manifest synergies in the form of innovation in offerings.
- The US drugstore retail market was worth $233 billion in 2017 and is expected to grow at a CAGR of 4.1% to $280 billion in 2023.
- The US drugstore sector has heavily consolidated in recent years, with Walgreens, CVS and Rite Aid owning 77% of the market.