• Course Title: Retail Management
Course Instructor: Sir Ameer
Presentator Name: Rimsha Rahim
• Topic: Drug store
, DRUG STORE
• A drug Store/Pharmacy/Community
Pharmacy/chemist's is a retail shop which
provides prescription drugs, among other
products. At the drug store, a pharmacist
oversees the fulfillment of medical
prescriptions and is available to give advice on
their offerings of over-the-counter drugs. A
typical pharmacy would be in the commercial
area of a community. Every hospital should
have a medical store for the purpose of
procuring, stocking and distributing the drugs
and medicines to various departments
, Global and National overview
• The global pharmacies and drug stores market size will
grow from $1,126.63 billion in 2022 to $1,205.81
billion in 2023 at a compound annual growth rate
(CAGR) of 7.0%.
• According to the Global Health and Aging report, the
number of people aged 65 or older is projected to grow
to nearly 1.5 billion in 2050, with most of the increase
in developing countries. Certain health conditions are
expected to be a challenge to our health care system
with the increasing ageing population. These conditions
include cancer, dementia, an increase in the number of
falls, obesity, and diabetes. Due to the increasing aging
population, the number of cases is expected to increase,
thus providing a growing customer base for pharmacies
and drug stores.