South Africa Pharmacy Market Size & Outlook, 2024-2030

The pharmacy market in South Africa is expected to reach a projected revenue of US$ 12,842.6 million by 2030. A compound annual growth rate of 11.4% is expected of South Africa pharmacy market from 2025 to 2030.
Revenue, 2024 (US$M)
$6,715.5
Forecast, 2030 (US$M)
$12,842.6
CAGR, 2025 - 2030
11.4%
Report Coverage
South Africa

South Africa pharmacy market highlights

  • The South Africa pharmacy market generated a revenue of USD 6,715.5 million in 2024 and is expected to reach USD 12,842.6 million by 2030.
  • The South Africa market is expected to grow at a CAGR of 11.4% from 2025 to 2030.
  • In terms of segment, prescription 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 6,715.5 million
Market revenue in 2030USD 12,842.6 million
Growth rate11.4% (CAGR from 2024 to 2030)
Largest segmentPrescription
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, South Africa accounted for 0.5% 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 Middle East & Africa, Saudi Arabia pharmacy market is projected to lead the regional market in terms of revenue in 2030.
  • South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 12,842.6 million by 2030.

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Pharmacy Market Companies

Name Profile # Employees HQ Website

South Africa 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.


Prescription was the largest segment with a revenue share of 75.28% in 2024. Horizon Databook has segmented the South Africa pharmacy market based on prescription, otc covering the revenue growth of each sub-segment from 2018 to 2030.


  • South Africa Pharmacy Product Outlook (Revenue, USD Million, 2018-2030)
    • Prescription
    • OTC
  • South Africa 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 South Africa 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 South Africa pharmacy market, including forecasts for subscribers. This country databook contains high-level insights into South Africa pharmacy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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

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

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

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