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Chemists & Pharmacies in Europe - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

ISIC 4772 March 2024 Spotlight Report

Revenue

€373.7bn

2019-2024 5.4 %
2024-2029 X.X %

Employees

2m

2019-2024 2.0 %
2024-2029 X.X %

Businesses

350k

2019-2024 4.2 %
2024-2029 X.X %

Wages

€XX.Xbn

2019-2024 X.X %
2024-2029 X.X %

Chemists & Pharmacies in Europe industry analysis

The demographic trend of an ageing European population is reshaping the retail market for medical supplies, notably due to the increased prevalence of issues like reduced mobility and hearing impairment among seniors. This shift bolsters the sales of medical and orthopaedic supplies across the continent, particularly as seniors become a more significant consumer segment for these products. Traditional pharmacy chains are diversifying into the medical devices sector, offering items like blood pressure monitors at competitive prices and challenging specialised retailers. Online retailers compound the competition with lower-priced offerings attributable to their minimal operational expenses.

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  • Market estimates from 2014-2029
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Industry Statistics and Trends

Chemists & Pharmacies in Europe key trends

Europe's ageing population is driving demand for medical supplies.

 

According to the European Commission, over 21% of EU citizens are aged 65 or older, so retailers are expanding offerings and using competitive pricing to meet growing market needs.

The European hearing aid market is poised for growth as the elderly population rises.

 

This increase in potential clients supports the need for more advanced hearing solutions and services.

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Chemists & Pharmacies in Europe

Industry Revenue

Total value and annual change from 2011-2029. Includes 5-year outlook.

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Chemists & Pharmacies in Europe market size (2019-2024)

Industry revenue has declined at a CAGR of 5.4 % over the past five years, to reach an estimated €373.7bn in 2024.

Trends and Insights

The rising senior population in Europe drives a surge in medical supply retail sales

  • An ageing population often faces challenges like reduced mobility and hearing impairment. These issues make seniors a primary market for retailers specialising in medical and orthopaedic supplies across Europe.

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Chemists & Pharmacies in Europe outlook (2024-2029)

Market size is projected to grow over the next five years.

European hearing aid market set to hike as population over 65 grows rapidly

  • Advancements in healthcare and living standards have led to increased life expectancies across Europe. The population aged over 65 is projected to rise by 13.6% in 2030 compared to its level in 2022, according to the European Commission.

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Revenue

€373.7bn

2019-2024 5.4 %
2024-2029 X.X %

Employees

2m

2019-2024 2.0 %
2024-2029 X.X %

Wages

€XX.Xbn

2019-2024 X.X %
2024-2029 X.X %

European Leaders & Laggards

Europe Job Growth CAGR: 2.0 % *
  • Job Growth

Top 5 Countries

  1. Lithuania +10.5%
  2. Latvia +7.2%
  3. Cyprus +6.1%
  4. Russia +5.3%
  5. France +3.1%

Bottom 5 Countries

  1. Serbia -8.7%
  2. Sweden -3.7%
  3. Slovenia -1.7%
  4. Ireland -1.1%
  5. Greece -0.3%

* CAGR values are for the years 2019-2024.

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Biggest companies in the Chemists & Pharmacies in Europe

Company
Market Share (%)
2024
Revenue (€m)
2024
Profit (€m)
2024
Profit Margin (%)
2024
Walgreens Boots Alliance Inc
127,254.0
3,541.8
2.8
AS Watson Group
21,091.6
1,581.4
7.5
dm-drogerie markt GmbH + Co. KG
14,659.6
1,085.6
7.4

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Chemists & Pharmacies in Europe

Products & Services Segmentation

Industry revenue broken down by key product and services lines.

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Top Questions Answered in this Report

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What is the market size of the Chemists & Pharmacies industry in Europe in 2024?

The market size of the Chemists & Pharmacies industry in Europe is €373.7bn in 2024.

How many businesses are there in the Chemists & Pharmacies in Europe industry in 2024?

There are 350k businesses in the Chemists & Pharmacies industry in Europe, which has grown at a CAGR of 4.2 % between 2019 and 2024.

Has the Chemists & Pharmacies industry in Europe grown or declined over the past 5 years?

The market size of the Chemists & Pharmacies industry in Europe has been declining at a CAGR of 5.4 % between 2019 and 2024.

What is the forecast growth of the Chemists & Pharmacies industry in Europe over the next 5 years?

Over the next five years, the Chemists & Pharmacies industry in Europe is expected to grow.

What does the Chemists & Pharmacies in Europe include?

Mobility aids and Hearing aids are part of the Chemists & Pharmacies industry.

Which countries have the most businesses in the Chemists & Pharmacies industry in Europe?

The European country with the most businesses in the Chemists & Pharmacies industry is Russia.

How competitive is the Chemists & Pharmacies industry in Europe?

The level of competition is high and increasing in the Chemists & Pharmacies industry in Europe.

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Table of Contents

About this industry

Industry definition

This industry focuses on retailing medical and orthopaedic gear, plus essential toiletries. Retailers not only sell mobility and hearing aids but also provide customised fitting services to customers. However, they don't deal with wholesaling, optical products or online-only retail.

Related Terms

ORTHOPAEDICS PROSTHESIS AUDIOLOGIST

What's included in this industry?

Mobility aids Hearing aids Orthotic and prosthetic equipment Toiletries Other medical and orthopaedic articles

Companies

Walgreens Boots Alliance IncAS Watson Groupdm-drogerie markt GmbH + Co. KG

Industry Code

ISIC 2006

4772 - Retail sale of pharmaceutical and medical goods, cosmetic and toilet articles in specialized stores in Europe

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Performance

Key Takeaways

The rising senior population in Europe drives a surge in medical supply retail sales

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Revenue Highlights

Trends
  • Revenue
  • 2024 Revenue CAGR
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Profit Highlights

Trends
  • Total Profit
  • Profit Margin
  • Profit per Business

Current Performance

Charts
  • Revenue in the Chemists & Pharmacies in Europe industry (2011 -2029)
  • Employees in the Chemists & Pharmacies in Europe industry (2011 -2029)
  • Business in the Chemists & Pharmacies in Europe industry (2011 -2029)
  • Profit in the Chemists & Pharmacies in Europe industry (2011 -2029)
Analysis

What's driving current industry performance in the Chemists & Pharmacies in Europe industry?


Outlook

Analysis

What's driving the Chemists & Pharmacies in Europe industry outlook?


Volatility

Analysis

What influences volatility in the Chemists & Pharmacies in Europe industry?

Charts
  • Industry Volatility vs. Revenue Growth Matrix

Life Cycle

Analysis

What determines the industry life cycle stage in the Chemists & Pharmacies in Europe industry?

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

Key Takeaways

The European elderly population boom has spurred demand for mobility aids. Products like wheelchairs and stairlifts are increasingly sought after to assist the growing number of seniors with daily movements.

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Products and Services

Charts
  • Products and Services Segmentation
Analysis

How are the Chemists & Pharmacies in Europe industry's products and services performing?

Analysis

What are innovations in the Chemists & Pharmacies in Europe industry's products and services?


Major Markets

Charts
  • Major Market Segmentation
Analysis

What influences demand in the Chemists & Pharmacies in Europe industry?


International Trade

Highlights

  • Largest Importer
  • Smallest Importer
  • Total Imports into Europe
  • Largest Exporter
  • Smallest Exporter
  • Total Exports into Europe
Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country
Data Tables

Value and annual change (%) included

  • Number of Imports and Exports by European Country (2024)

Geographic Breakdown

Business Locations

Heat maps
  • Share of Total Industry Revenue by Region (2024)
  • Share of Total Industry Enterprises by Region (2024)
  • Share of Total Industry Employment by Region (2024)
  • Share of Total Industry Wages by Region (2024)

Industry Geographic Breakdown

Data Tables

Values and annual change provided for 37 European countries:

  • Revenue (2024)
  • IVA (2024)
  • Enterprises (2024)
  • Employment (2024)
  • Exports (2024)
  • Imports (2024)

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power

Key Takeaways

The industry is comprised of small and medium businesses specialising in niche products. Focusing on a select range of services, many companies emerge as experts in their particular realms.

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Supply Chain

Charts

Buyer and supply industries

Companies

Market Share

Charts
  • Industry Market Share by Company (2019-2024)

Companies

Data Tables

Top 10 companies by market share:

  • Market share (2024)
  • Revenue (2024)
  • Profit (2024)
  • Profit Margin (2024)

Data Tables
  • Countries of operation for Walgreens Boots Alliance Inc
  • Countries of operation for AS Watson Group
  • Countries of operation for dm-drogerie markt GmbH + Co. KG
  • Countries of operation for Dirk Rossmann GmbH
  • Countries of operation for Stryker Corporation
  • Countries of operation for Zimmer Biomet Holdings Inc
  • Countries of operation for Sonova Holding AG
  • Countries of operation for Specsavers Optical Group Ltd
  • Countries of operation for PubliCare GmbH
  • Countries of operation for Nuova Ortopedia Europa srl

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

Medical and orthopaedic supply regulations predominantly target manufacturers. This suggests a lighter regulatory burden on retailers and end-users. The European Medical Devices Regulation now dictates device definition, safety codes and performance standards, and includes distributors in post-market monitoring.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Chemists & Pharmacies in Europe industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

Retail giants drive profit via economies of scale, outperforming smaller competitors. Tech-advanced items, like internet-enabled hearing aids, significantly boost profit compared to basic medical supplies.

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Chemists & Pharmacies in Europe industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and boottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.