Press release
Pharmacy Retail Market Growth Analysis by Key Players Apollo Pharmacy Private Limited, Emami Frank Ross Limited, MedPlus Health Services Private Limited, Netmeds Marketplace Limited
Pharmacy retail refers to the sale of pharmaceutical products, which include over-the-counter (OTC) drugs and prescription drugs. Pharmacy retail stores also sell various FMCG products along with pharmaceutical products and its related services.
Advent of online pharmacy and the emergence of Ayurvedic product retailers in the Indian market is helping the market expand rapidly. Looking at the potential of this segment, several offline retailers too have started online stores in order to increase revenue.
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Growing health awareness among consumers and knowledge of the additional services offered by organized players shall result in a gradual shift from unorganized pharmacies towards modern pharmacy retail outlets.
Key growth factors
Enhancement in medical infrastructure, growth in the number of middle class households and increased penetration of health insurance highly impact the growth of the domestic pharmaceuticals sector.
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Stress, sedentary lifestyles and unhealthy food habits are the most common reasons for the increase in number of patients who suffer from lifestyle-based ailments. This will regulate medication on an ongoing basis, which in turn will make prescription-based medicines mandatory that will help in the expansion of the pharmacy retail market in India.
Threats and key players
Pharmacy retailing is a capital intensive business proposition and its set-up involves strategic location of outlets and the margin is fixed based on the governments stipulated prices.
Apollo Pharmacy Private Limited, Emami Frank Ross Limited, MedPlus Health Services Private Limited, Netmeds Marketplace Limited, RWL Healthworld Limited and The Himalaya Drug Company Private Limited are some of the major players operating in the Indian pharmacy retail market.
Table of Content
Chapter 1: Executive summary
Chapter 2: Socio-economic indicators
Chapter 3: Introduction
3.1. Pharmacy retail market definition and structure
3.2. Pharmacy retail - store formats
3.3. Pharmacy retail - distribution channel
Chapter 4: Pharmacy retail market - overview
4.1. Pharmacy retail market size and growth forecast - value-wise
4.2. Pharmaceutical market sales segmentation
Retail market
Hospital and doctor
4.3. Online retail pharmacy market - overview
Online pharmacy - operating model
Technology adoption
4.4. Porters five forces analysis
Chapter 5: Key growth drivers of the market
Chapter 6: Key deterrents to the growth of the market
......
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