Mexico Pharmacy Retail Market Size, Share, Forecast 2033

Mexico Pharmacy Retail Market Size, Share, Trends and Forecast by Market Structure, Product Type, Therapeutic Area, Drug Type, Pharmacy Location, and Region, 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A35709

Mexico Pharmacy Retail Market Overview:

The Mexico pharmacy retail market size reached USD 28.98 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 48.10 Billion by 2033, exhibiting a growth rate (CAGR) of 5.79% during 2025-2033. The aging population, rising chronic‐disease burden driving consistent medication demand, the aggressive expansion of national chain networks complemented by omnichannel innovations, e‐pharmacy adoption and home‐delivery via marketplaces, and supportive government healthcare spending are some of the key factors catalyzing the market growth.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 28.98 Billion
Market Forecast in 2033	USD 48.10 Billion
Market Growth Rate 2025-2033	5.79%

Mexico Pharmacy Retail Market Trends:

Expansion of Omnichannel and E-Pharmacy Platforms

Mexico’s pharmacy retail sector is rapidly evolving through digital transformation, marked by the widespread adoption of omnichannel strategies and e-pharmacy services. Traditional pharmacy chains are increasingly integrating in-store offerings with digital platforms to boost convenience, accessibility, and customer retention. Since the COVID-19 pandemic, e-commerce has reshaped consumer habits, with online medicine sales in Mexico rising as a share of total retail pharmacy revenue. Major players such as Farmacias del Ahorro, Farmacias Similares, and e-marketplaces like Mercado Libre have expanded to include services such as teleconsultations, prescription fulfillment, and home delivery. This shift is largely fueled by Mexico’s rising internet penetration, which surpassed 75% of the population in 2023, according to the Federal Telecommunications Institute (IFT). Moreover, increasing smartphone adoption among older adults, key users of prescription drugs, has made digital health services more accessible. E-pharmacy platforms also leverage data to personalize user experiences, offering features like loyalty programs, automated refills, and app-based reminders that enhance adherence and drive long-term revenue growth.

Mexico Pharmacy Retail Market Size

Increased Demand Due to Chronic Diseases and an Aging Population

The rising incidences of chronic non-communicable diseases (NCDs), such as diabetes, hypertension, and obesity, are also significantly boosting pharmaceutical demand across Mexico. As per Mexico’s National Health and Nutrition Survey (ENSANUT), over 10 million people are living with diabetes and nearly 20 million with hypertension; these figures expected to grow through 2025, prompting frequent and sustained pharmacy visits. Simultaneously, Mexico’s aging population is contributing to this trend, with citizens aged 60 and above projected to reach 20 million by 2030, up from approximately 15 million in 2023. This demographic increasingly depends on ongoing medication regimens, wellness supplements, and health monitoring. In response, retail pharmacies are expanding their offerings to include chronic care medications, point-of-care diagnostics like glucose and blood pressure testing, and pharmaceutical consultations. Government initiatives such as Seguro Popular and broader IMSS coverage are also improving medication access for underserved, low-income groups. These factors are positioning pharmacies as vital community health hubs, delivering not only medications but also education, disease screening, and long-term care, ultimately strengthening their role and fueling sustained market growth.

Mexico Pharmacy Retail Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region/country level for 2025-2033. Our report has categorized the market based on market structure, product type, therapeutic area, drug type, and pharmacy location.

Market Structure Insights:

Unorganized
Organized

The report has provided a detailed breakup and analysis of the market based on the market structure. This includes unorganized and organized.

Product Type Insights:

Over-the-Counter Products
Prescribed Drugs
Non-Pharmaceutical Products
Medical Equipment

A detailed breakup and analysis of the market based on the product type have also been provided in the report. This includes over-the-counter products, prescribed drugs, non-pharmaceutical products, and medical equipment.

Therapeutic Area Insights:

Cardiovascular
Pain Relief/Analgesics
Vitamins/Minerals/Nutrients
Anti-Infective
Anti-Diabetic
Others

The report has provided a detailed breakup and analysis of the market based on the therapeutic area. This includes cardiovascular, pain relief/analgesics, vitamins/minerals/nutrients, anti-infective, anti-diabetic, and others.

Drug Type Insights:

Generic
Patented

A detailed breakup and analysis of the market based on the drug type have also been provided in the report. This includes generic and patented.

Pharmacy Location Insights:

Street/Mall Based
Hospital Based

The report has provided a detailed breakup and analysis of the market based on the pharmacy location. This includes street/mall based and hospital based.

Regional Insights:

Northern Mexico
Central Mexico
Southern Mexico
Others

The report has also provided a comprehensive analysis of all the major regional markets, which include Northern Mexico, Central Mexico, Southern Mexico, and others.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Mexico Pharmacy Retail Market News:

November 2024: Farmacias del Ahorro, a leading Mexican pharmacy chain, announced that it would be expanding its presence in Tamaulipas. With an investment of approximately USD 46.6 million , the company plans to open 157 new stores across nine municipalities by 2027. This initiative aims to generate 2,400 direct and indirect jobs, enhancing access to affordable healthcare services in the region.
December 2023: Mexico opened a centralized 40,000 m² super pharmacy in Huehuetoca to streamline medicine supply across the country. This initiative supports pharmacy retail by ensuring hospitals and pharmacies receive essential medicines within 24-48 hours, improving access and distribution efficiency nationwide through the state-run Birmex and armed forces.

Mexico Pharmacy Retail Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Market Structure Product Type Therapeutic Area Drug Type Pharmacy Location Region
Market Structures Covered	Unorganized, Organized
Product Types Covered	Over-the-Counter Products, Prescribed Drugs, Non-Pharmaceutical Products, Medical Equipment
Therapeutic Areas Covered	Cardiovascular, Pain Relief/Analgesics, Vitamins/Minerals/Nutrients, Anti-Infective, Anti-Diabetic, Others
Drug Types Covered	Generic, Patented
Pharmacy Locations Covered	Street/Mall Based, Hospital Based
Regions Covered	Northern Mexico, Central Mexico, Southern Mexico, Others
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the Mexico pharmacy retail market performed so far and how will it perform in the coming years?
What is the breakup of the Mexico pharmacy retail market on the basis of market structure?
What is the breakup of the Mexico pharmacy retail market on the basis of product type?
What is the breakup of the Mexico pharmacy retail market on the basis of therapeutic area?
What is the breakup of the Mexico pharmacy retail market on the basis of drug type?
What is the breakup of the Mexico pharmacy retail market on the basis of pharmacy location?
What is the breakup of the Mexico pharmacy retail market on the basis of region?
What are the various stages in the value chain of the Mexico pharmacy retail market?
What are the key driving factors and challenges in the Mexico pharmacy retail market?
What is the structure of the Mexico pharmacy retail market and who are the key players?
What is the degree of competition in the Mexico pharmacy retail market?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Mexico pharmacy retail market from 2019-2033.
The research report provides the latest information on the market drivers, challenges, and opportunities in the Mexico pharmacy retail market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Mexico pharmacy retail industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

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