Size of OTC Industry Now Tops $33 Billion
Pharmabox reports that airports, hotels, colleges, malls, business centers need better share of this growing market
MIAMI, June 8, 2015 /PRNewswire/ -- Pharmabox, Inc., (www.pharmabox.com), the developer of the world's first fully automated drugstore that contains the top brands and SKUs, said today that their new self-service system is the perfect way for underserved areas to capitalize on the growing market for Over-the-Counter (OTC) medicines. The OTC industry was reported to top $33 billion in a report from the Consumer Healthcare Products Association (CHPA).
Consumers make almost 3 billion trips to retail stores per year to purchase OTC medicines and personal care items. However, these items are rarely found easily accessible in high-density areas such as airports, hotels, resorts, colleges, malls and business centers.
The Pharmabox is the world's first automated retailing system that carries over 140 SKUs of the top selling items typically found in a Target, CVS, Walgreen's or Rite Aid-type store. The design-forward system features patented technologies, including cashless payment systems, interactive screens that display complete product information, and wireless backend management systems.
The Pharmabox allows consumers to purchase the items they need in a convenient manner. Everything from aspirin and antacids to toothpaste and tampons are carried in the machine. The system also carries other thoughtful types of useful and necessary merchandise such as batteries, beauty products, makeup, vitamins, allergy and cold medicines, birth control, pain relievers, perfumes and much more.
"It's a Pharmacy at Your Fingertips," says Alejandro Rodriguez, Founder and CEO Pharmabox. "We have taken the top 140 items that people need - often in a hurry - and have placed them in an attractive, easy-to-use, automated store," he said.
Rodriguez says the response to the Pharmabox has been overwhelmingly positive and he is reviewing inquiries from people that want a unit in their location. Pharmabox plans on selling units to businesses and entrepreneurs for placement in high-traffic locations throughout the nation, including airports, hotels, business centers, transportation hubs, apartment complexes, college campuses, dormitories, fitness centers, hospitals, sports stadiums, and retail stores.
For more information, contact Pharmabox at: 800-560-0914, or visit: www.pharmabox.com
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SOURCE Pharmabox, Inc.
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