DEFINITION Retail community pharmacy refers to an independent pharmacy, a supermarket pharmacy, a chain pharmacy or a mass merchandiser pharmacy having a state license to dispense medications to the general public at retail prices as a pharmacy. INTRODUCTION Indian Retail Pharmacy industry is widely fragmented throughout the country. The total Indian retail pharmacy market has been growing at an average of 18% per annum over the last few years and is anticipated to grow by even higher numbers in the future. MARKET OVERVIEW OF RETAIL PHARMACY IN THE WORLD The global Pharmacy Retail market is projected to display a robust growth represented by a CAGR of 4.94% during 2018-2023. The North American pharmacy retail market is the largest in the world. The pharmaceutical retail market in Asia-Pacific is the second-largest in the world. HISTORY OF RETAIL PHARMACY 2,000 to 1,500 BC – Pharmacy is a recognized part of medical practice dating as far back as Sumerian...