Industry revenue of »dispensing chemist in specialised stores« in Spain 2011-2023

Life expectancy is often used as an indicator to measure a nations overall health status. That being said, Spain has one of the highest life expectancy rates, and is steadily on the rise. It is projected that by 2050, the median age of Spaniards would be close to 53 years. A good lifestyle and availability of medicine in plenty has been one of the key factors to this. It comes as no surprise that Spain has nearly 22,000 pharmacy stores, one of the leaders in Europe. All these factors have helped the revenue of dispensing chemist in specialised stores to reach 18.9 billion U.S. dollars in 2018.

Digital penetration yet to make an impact

With growing internet penetration all over the world, most of the consumer demand is being fulfilled by e-commerce websites- be it clothes or food. But with strict laws and legal obligations in most of the nations, online medicine retail will still take a while to get going, as brick and mortar stores remain the preferred choice. Many consumers are sceptical about buying medicine online, as they fear it might be diluted or counterfeit. Perhaps, this might be one of the reasons that almost 90% of the people have never purchased online medicine in Spain. Amongst the few who ordered online, weight-loss drugs were the most popular option.

Industry revenue of »dispensing chemist in specialised stores« in Spain from 2011 to 2023

Revenue in billion U.S. Dollars
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Sources

Supplementary notes

* Estimate - This also applies for past years as data provided by statistical institutions often is not available for more recent years.

Currency conversion factor: (EUR -> USD) = 1.186

The industry classification is based on the NACE Rev.2 - system in Spain. The industry “dispensing chemist in specialised stores“ has the code “G4773“.

Details on the methodology can be found here.

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