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Summary and extracts
1 Market Overview
1.1 Definition and presentation
A pharmacy is a commercial and health care establishment where drugs, medical devices, and other health and wellness products are sold. it is run by one or more pharmacists, who are pharmacy-educated and licensed professionals. Pharmacies also offer drug and treatment counseling and information services and play a key role in the health care system by providing an easily accessible access point for citizens to purchase drugs and obtain professional health advice.
The global pharmaceutical market shows steady growth from 2024 to 2030 .Starting from $1351.7 billion in 2024, it is expected to reach $2060.6 billion in 2030. This represents an increase of 52.4 percent over six years with a compound annual growth rate (CAGR) of7.8 percent. Growing demand for specialty medicines globally and rising prescription drug spending in developed countries are expected to drive market growth over the forecast period. In addition, the increasing prevalence of chronic diseases, mainly due to changes in lifestyle and the rapidly aging population, is complementing the market growth. Increased demand for prescription drugs is contributing to the growth of the industry, with pharmacies experiencing a surge in activity due to the need to dispense these drugs. By product type, the prescription drug segment dominated the pharmaceutical market with the largest revenue share of 81.5 percent in 2023.
The European pharmaceutical market is set to grow, parting from $331.07 billion in 2023, it is estimated to reach $430.65 billion in 2028, marking a 30 percent increase. This growth is attributedto the growing number of people with chronic diseases who are turning to online pharmacies for convenience and accessibility to medicines, especially in rural areas.
In recent years, the Italian pharmaceutical industry has grown significantly in terms of development, added value, trade and investment, with total sales increasing by 9%, and the value of the market is expected to grow steadily at a CAGR of 3.51%. In terms of research, it holds about 18% of the total licensed clinical trials in the entire European Union.
1.2 The global market
The global pharmaceutical market shows steady growth from **** to ****. Starting from $****.* billion in ****, it is expected to reach $****.* billion in ****. This represents a **.* percent increase in six years with a compound annual growth rate(***) of *.* percent.
Global Pharmaceutical Market Value World, ****-****, in US$ billion GrandViewResearch
Increasing demand for specialty medicines ...
1.3 The European market
The European pharmaceutical market is set to grow steadily from **** to ****. Starting at $***.** billion in ****, it is estimated to reach $***.** billion in ****, marking a ** percent increase.
European Pharmacy Market Value Italy, ****-****, in US$ billion GrandViewResearch
This growth is attributed to the increasing number of people with chronic diseases turning to ...
1.4 The Italian market
In recent years, the Italian pharmaceutical industry has grown significantly in terms of development, added value, trade and investment. In terms of research, Italy has about ** percent of the total number of clinical trials authorized in the entire European Union. Over the years, the prevalence and incidence of many chronic and ...
1.5 Imports and Exports
Between **** and ****, exports of the Italian pharmaceutical industry increased by ** percent from ***.* million in **** to ***.* million in ****. Imports followed a similar trend, growing ** percent from ***.* million to ***.* million in the same period. Despite the changes, the coverage ratio remained above unity, signaling a positive trade balance. This ratio increased from *.*** in ...
1.6 Inflation suffered by the sector
The pharmacy industry has responded to inflation with a variety of strategies aimed at containing costs and maintaining economic sustainability. Many pharmacies have had to increase prices of drugs and health care products to compensate for increased production and procurement costs, while trying to balance consumer sensitivity to higher prices. To ...
2 Demand analysis
2.1 Overview of demand
Total pharmacy spending in Italy increased from €**.* billion in **** to €**.* billion in ****, marking a ** percent increase. After a slight decline in ****, spending has shown a generally increasing trend, with a significant peak between **** and ****. This suggests higher healthcare spending and an increase in drug consumption. Italian pharmaceutical market value Italy, ****-****, ...
2.2 Geographical distribution of demand
In ****, according to Istat, the average expenditure item for medicines, vaccines and other pharmaceutical preparations of Italian households was €**.**. Below is the division by macro-region.
In ****, the average monthly expenditure on medicines, vaccines and other pharmaceutical preparations of Italian households shows a significant regional difference. Households in the South and Islands ...
2.3 Trends in pharmacy demand
The trend of online pharmacy searches in Italy between **** and **** shows a significant peak in July **** with an index of **, followed by a marked decline in August and September ****, with **.* and **.*, respectively. In subsequent months, the index fluctuates, generally staying below ** points, with a brief rise in December **** (***).
The trend shows ...
2.4 New demand trends
In recent years, the pharmacy industry has seen a significant evolution in consumer demand, driven by new needs and preferences. The following table highlights the major emerging trends that are shaping the future of pharmacy.
Holistic Health and Wellness
Natural and Organic Products: There is a growing demand for natural, organic ...
3 Market structure
3.1 Italian market structure
The number of active pharmacy enterprises in Italy showed moderate growth from **** to ****. In **** there were **,*** active businesses, a number that increased to **,*** in **** and **,*** in ****. In **** there was a slight decrease to **,***, followed by an increase to **,*** in ****. In **** the number dropped slightly to **,***. Overall, from **** to ****, the number of ...
3.2 Drug distribution channels in Italy
In Italy, drug distribution channels are characterized by a multifaceted structure that includes different players and distribution modes. Here is an updated overview of the main pharmacy distribution channels:
Intermediate Distribution: Intermediate distribution involves pharmaceutical wholesalers who purchase drugs from manufacturing companies and distribute them to pharmacies. This channel is very ...
3.3 Italian pharmacies
The number of pharmacies operating in Italy increased steadily from **** to ****, from **,*** to **,***, a growth of *.* percent. This increase reflects a continuous expansion of the pharmacy industry, with an average of about *** new pharmacies each year.
Number of operating pharmacies Italy, ****-****, in number Federfarma
The average turnover of a pharmacy ...
3.4 The main players in the market
The main companies with Ateco code **.**.* under the name "Pharmacies" in Italy are:
Azienda Farmacie Milanesi Spa O Only A.F.M.: Operates a network of municipal pharmacies in Milan; main locations include those at Via Andrea Maria Ampère, ** and Piazzale Diego Velasquez, *. The company offers essential pharmaceutical and health ...
4 Supply analysis
4.1 Supply analysis
In ****, pharmacy sales in Italy consisted of **.* percent of nonprescription drugs and commercial market products, while prescription drugs accounted for **.* percent. This indicates that more than half of sales are attributable to drugs prescribed by doctors, showing a slight dominance over over-the-counter and commercial products.
Composition of pharmacy sales Italy, ****, in ...
4.2 The price analysis
Data on the consumer price index for pharmaceuticals in Italy for ****-**** show a general downward trend, with some fluctuations over the years. Starting from a value of **.* in ****, the index gradually falls until it reaches a minimum value of **.* in ****. Thereafter, there is a slight recovery in **** with an index ...
4.3 New supply trends
In ****, the pharmacy market is undergoing a significant transformation, driven by several emerging trends that are shaping the offerings and services provided. Here is an overview of the major trends:
Digitization and E-commerce
Online Pharmacies and E-commerce: Growth of online sales platforms offering a wide range of pharmaceuticals, cosmetics, and supplements. Health ...
5 Regulations
5.1 Regulation of pharmacies
In Italy, the regulation and legislation of pharmacies are articulated and detailed, with the aim of ensuring the safety and effectiveness of the pharmaceutical service offered to citizens. The regulation of pharmacies is mainly governed by the Consolidated Text of Health Laws(***), as amended, as well as Law No. *** of November ...
6 Positioning of actors
6.1 Market segmentation
- Azienda Farmacie Milanesi Spa O Solo A.F.M.
- Farmacia S.Caterina Srl
- Dr Max Italia
- Afm Spa
- Farmacia Loreto Gallo
- Farmacie Comunali Torino
- Aspes Spa
- Farma Acquisition Srl
- Farmacie Lombardi
- Farmacia Fiorentine
List of charts presented in this market study
- Global Pharmaceutical Market Value
- Market shares of the pharmaucetic sector
- European Pharmacy Market Value
- Major exporters of pharmaceuticals
- Major importers of pharmaceutical products
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the pharmacy market | Italy
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