Press release
India Pharmacy Retail Market is Expected to Reach over INR 4.7 trillion by the Fiscal year ending March 2025: Ken Research
• The revenue generated by standalone pharmacies is expected to increase at a CAGR of 10.9% during the period FY’2018-FY’2025, while the industry revenue generated by hospital based pharmacies will grow at slower rate of 5.5% during the same period.
• The growth of online pharmacy will result in the growth of the overall pharmacy retail market in the country as it will increase the accessibility of drugs not just in urban areas but in the rural areas as well.
• The northern region is expected to grow at the fastest rate of all the regions registering a seven year CAGR of 12.1% from FY’2018 to FY’2025. This is primarily due to rapid expansion of organized pharmacy retail chain in the region.
Growing demand for E-Pharmacy: Online pharmacy retail market is one of the largely untapped vertical in the e-commerce space, which has been gaining attention of the government as well as investors in the last 2-3 years. The market is expected to be in its nascent stage in the next five years as a lot of disruptions such as IOT and AI are expected to impact the market in the coming years. The Gross Merchandise Value of drugs sold at online pharmacy retail website is estimated to grow at a CAGR of 39.1% from FY’2019 to FY’2025.
Shift towards M-Commerce: In future, it is anticipated that the number of mobile phone internet users is expected to grow from 391 Million in 2018 to more than 500 Million in 2023. This will help the e-pharmacy market to grow in the future as more and most of the e-pharma websites will also be launching their mobile applications as well. This will help in improving the accessibility of drugs in the market for the customers.
Growth of Organized Segment: Pharmacy retailing is expected to become more competitive with the anticipated entry of number of players in the coming years. Players that have already forayed in this segment include Medicine Shoppe, Apollo (into pharmacies), Global Healthline Pvt Ltd, and SAK Industries' led CRS Health. Zydus Cadila and Cipla too are rumored to have plans for this segment. Health & Glow (RPG Group) in the southern India, is already in this area though it is not essentially into pharmacy retailing, but more of the health and beauty care business.
Analysts at Ken Research in their latest publication “India Online and Offline Pharmacy Retail Market Outlook to 2025 - By Organized and Unorganized; By Standalone and Hospital based Pharmacy; By Product Category (Prescribed Drugs, OTC Drugs and Non-Pharmaceutical Goods) and Therapeutic Class” expect that the pharmacy retail market in India will continue to grow with the growth of online pharmacy, increase in number of hospitals, growth in chronic diseases and high demand for OTC drugs.
The market is expected to register a positive CAGR of 8.6% in terms of revenue during the forecast period FY’2018-FY’2025.
For more information, refer to below link:
https://www.kenresearch.com/healthcare/pharmaceuticals/india-online-offline-pharmacy-retail-market/197081-91.html
Key Segments Covered
By Type of Retail Format
• Standalone Pharmacy
• Hospital Based Pharmacy
By Market Structure
• Organized Market
• Unorganized Market
By Product Category
• Prescribed Drugs
• OTC Drugs
• Non Pharmaceutical Drugs
By Therapeutic Class
• Anti-Infectives
• Cardiovascular
• Gastro Intestinal
• Anti Diabetic
• Vitamins, Minerals and Nutrients
• Respiratory
• Pain and Analgesics
• Dermatology
• Neuro
• Gynecological
• Others
By Generic Drugs
• Branded Generic
• Generic-Generic
Key Target Audience
• Pharmacy Retail Companies
• Pharmaceutical Companies
• E-Commerce Companies
Time Period Captured in the Report:
• Historical Period: FY’2013-FY’2019
• Forecast Period: FY’2018-FY’2025
Companies Covered:
• Apollo Pharmacy
• Medplus
• Emami Frank Ross
• Fortis
• Wellness Forever
• Thulasi Pharmacy
• Guardian Pharmacy
• Sanjivani
• Noble Plus Pharmacy
• Dhanvantri Medicare
• Viva Chemist
• Himalaya Drug Company
• Trust Chemists
• Guardian Pharmacy
• EasyMedico
• Medlife
• Netmeds
• Pharmeasy
• 1MG
• Sasta Sunder
• Myra
• Easy Medico
Key Topics Covered in the Report
• Executive Summary
• Research Methodology
• India Pharmacy Retail Market Size by Revenue (FY’2013-FY’2019)
• India Pharmacy Retail Market Segmentation by Market Structure
• India Pharmacy Retail Market by Product Category
• Business Model of India Offline Pharmacy Retail Market
• Trends and Developments in the India Pharmacy Retail Market
• Issues and Challenges in the India Pharmacy Retail Market
• Government Regulations in India Pharmacy Retail Market
• SWOT Analysis of India Pharmacy Retail Market
• Porter 5 Forces Analysis of India Pharmacy Retail Market
• Competitive Scenario in India Pharmacy Retail Market
• Shares and Company Profiles of Major Players in the Market
• Snapshot on India Online Pharmacy Retail Market
• India Pharmacy Retail Market Future Outlook and Projections (FY’2018-FY’2025)
• Analyst Recommendations in India Pharmacy Retail Market
Related Reports
https://www.kenresearch.com/healthcare/pharmaceuticals/vietnam-pharmaceutical-market/143605-91.html
https://www.kenresearch.ae/healthcare/pharmaceuticals/indonesia-pharmaceutical-market/143542-91.html
https://www.kenresearch.com/healthcare/pharmaceuticals/kuwait-retail-pharmacy-market/175024-91.html
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
Ken Research Pvt. Ltd.,
Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India
Ken Research is a Global aggregator and publisher of Market intelligence, equity and economy reports. We provides business intelligence and operational advisory in 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies.
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