China Pharmacy Market Size & Outlook, 2024-2030

The pharmacy market in China is expected to reach a projected revenue of US$ 107,052.2 million by 2030. A compound annual growth rate of 5.6% is expected of China pharmacy market from 2025 to 2030.
Revenue, 2024 (US$M)
$77,037.7
Forecast, 2030 (US$M)
$107,052.2
CAGR, 2025 - 2030
5.6%
Report Coverage
China

China pharmacy market highlights

  • The China pharmacy market generated a revenue of USD 77,037.7 million in 2024 and is expected to reach USD 107,052.2 million by 2030.
  • The China market is expected to grow at a CAGR of 5.6% from 2025 to 2030.
  • In terms of segment, otc was the largest revenue generating product in 2024.
  • OTC is the most lucrative product segment registering the fastest growth during the forecast period.

Pharmacy market data book summary

Market revenue in 2024USD 77,037.7 million
Market revenue in 2030USD 107,052.2 million
Growth rate5.6% (CAGR from 2024 to 2030)
Largest segmentOtc
Fastest growing segmentOTC
Historical data2018 - 2023
Base year2024
Forecast period2025 - 2030
Quantitative unitsRevenue in USD million
Market segmentationPrescription, OTC
Key market players worldwideCVS Health Corp, Walgreens Boots Alliance Inc, The Cigna Group, Walmart Inc, The Kroger Co, Rite Aid Corp, WELL Health Technologies Corp, Humana Inc

Other key industry trends

  • In terms of revenue, China accounted for 5.7% of the global pharmacy market in 2024.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, China pharmacy market is projected to lead the regional market in terms of revenue in 2030.
  • India is the fastest growing regional market in Asia Pacific and is projected to reach USD 48,383.7 million by 2030.

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Pharmacy Market Companies

Name Profile # Employees HQ Website

China pharmacy market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to pharmacy market will help companies and investors design strategic landscapes.


Otc was the largest segment with a revenue share of 50.04% in 2024. Horizon Databook has segmented the China pharmacy market based on prescription, otc covering the revenue growth of each sub-segment from 2018 to 2030.


  • China Pharmacy Product Outlook (Revenue, USD Million, 2018-2030)
    • Prescription
    • OTC
  • China Pharmacy Pharmacy Type Outlook (Revenue, USD Million, 2018-2030)
    • Hospital Pharmacy
    • ePharmacy
    • Other Pharmacy Type
    • Retail Pharmacy
      • Chain
      • Independent
      • Other Retail Pharmacy

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Target buyers of China pharmacy market databook

  • Our clientele includes a mix of pharmacy market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the China pharmacy market, including forecasts for subscribers. This country databook contains high-level insights into China pharmacy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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China pharmacy market size, by product, 2018-2030 (US$M)

China Pharmacy Market Share, 2024 & 2030 (US$M)

China pharmacy market size, by product, 2018-2030 (US$M)

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