Zheng Quan Shi Bao Wang·2025-09-11 00:16Core Viewpoint - The transformation of pharmacies is imperative due to changing economic conditions, industry policies, and consumer habits, with a focus on differentiation in the long term [1] Industry Summary - The traditional pharmacy model is expected to face significant development challenges, necessitating a differentiated transformation [1] - The Chinese pharmacy market may evolve into two categories: specialized pharmacies catering to hospital outflow patients' medication needs and diversified pharmacies addressing daily health requirements [1] - The industry is projected to experience a mild recovery by 2025, emphasizing quality leading enterprises [1] - The transformation is anticipated to catalyze valuation increases for pharmacies [1]