医药商业：行业持续出清零售药店龙头探索新道路强者恒强

中邮证券2025-07-01

行业出清提速，25 年龙头药店客流量、利润率有望提升24 年以来在消费力疲软、医保控费及监管措施加强、门诊统筹落地滞后等外部因素影响下，行业开始分化，中小药店生存环境愈发恶劣，行业面临整合。中康数据显示全国关闭的药店数量2024Q1 6778家，Q2 8791 家，Q3 9545 家，Q4 14114 家，闭店加速，并且Q4 出现行业净减少（-3395 家），全年闭店数共计39228 家。行业出清...

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医药商业：行业持续出清 零售药店龙头探索新道路强者恒强

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医药商业：行业持续出清零售药店龙头探索新道路强者恒强