openPR Logo
Press release

Kuwait Retail Pharmacy Market is Expected to Reach about KD 600 Million in Terms of Revenue by 2022: Ken Research

12-30-2019 02:49 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Ken Research

Kuwait Retail Pharmacy Market is Expected to Reach about KD 600

• Rising population in Kuwait due to surge in life expectancy and shift in the demographic pattern leading to a increase in ageing population and is expected to drive retail pharmacy market in the country.
• This widespread prevalence of NCDs and chronic diseases in Kuwait, such as heart disease, cancer and diabetes, and changing dietary habits will led to increase in the demand of retail pharmacies in the country.
• Increasing demand of private label goods in country will lead to surge in the demand of medicated cosmetics and food supplements in the country which will positively increase the revenue of retail pharmacies.

Rising Obese Population: In Kuwait, obesity is one of the major causes of various diseases such as kidney disease, diabetes, cardiovascular diseases, hypertension, cholesterol and musculoskeletal disorders. It has been observed in the year 2016, obesity - adult prevalence rate in Kuwait was approximately 37.9%. In addition to this, it has been observed that in Kuwait, approximately 5,000 stomach stapling’s performed every year. In future, it is expected that obese children would act as potential patients for healthcare professionals as they suffer from chronic diseases such as type-2 diabetes, hypertension and chronic kidney disease due to overweight, which will generate high revenue for the retail pharmacy market.

Increasing Government Expenditure on Health Care Sector: In 2010, the Kuwait Government has launched its KD 30 billion NDP (National Development Plan) programe. One of the most important objective of the plan was to modernise and reform the health care system and health infrastructure in the country to meet the needs of the increasing population, and address a sudden and significant growth in NCDs (Non-Communicable Disease). The government has allocated funds to improve the healthcare infrastructure by opeining of new speciality hospitals in the country. For instance: In the year 2017, Kuwait government has spent USD 5.9 billion on healthcare sector, with an increase of 3.7% during the period 2013-2017. This further acted as a key growth factor for retail pharmacy and is projected to play an important role in dealing with the country’s projected future healthcare requirements.

Increasing Sale of Private Label Goods: Private label goods majorly consists of cosmetics and food supplements (vitamins) which accounted a major share in generating revenue for pharmacy stores in Kuwait. In 2017, private label goods contributed 75.0% share as Kuwait has high expatriate population and majority of the expat population is health conscious which led to an increase in the demand of medicinal cosmetic from retail pharmacies. On the other hand, introduction of first five year plan namely Kuwait National Programme for healthy living (2013-2017) has further motivated the people to perform daily exercise which augmented the demand of health supplements among people to stay fit.

Analysts at Ken Research in their latest publication “Kuwait Retail Pharmacy Market Outlook to 2022 - By Type of Pharmacy (Pharmacy Chains, Independent Pharmacies and Hospital/Clinic Based Pharmacies); By Type of Drugs (Cosmetics, Food Supplements and Drugs), and By Type of Sales Channels (Offline and Online)” believe that the Retail Pharmacy Market in Kuwait has been growing and is expected that it will expand further due to adoption of medication therapy management, data integration to achieve optimum customer satisfaction and by improving E-commerce platform for retail pharmacy sales.

The market is expected to register a positive CAGR of 7.7% in terms of revenue during the forecast period 2017-2022. The market is further expected to be driven by the increasing competition from new companies entering the market.

For more information about the report, refer to below link:
https://www.kenresearch.com/healthcare/pharmaceuticals/kuwait-retail-pharmacy-market/175024-91.html

Key Segments Covered
• Market Segmentation
 By Type of Pharmacy (Pharmacy Chains, Independent Pharmacies and Hospital/Clinic Based Pharmacies)
 By Type of Drugs (Cosmetics, Food Supplements and Drugs)
 By Revenue Split (KD 500 to KD 2,000, KD 2,000 to KD 4,000 and KD 5,000 to KD 10,000)
 By Type of Sales Channels (Offline and Online)

Key Target Audience
• Hospitals
• Pharmaceutical Manufacturers
• Pharmaceutical Distributors
• Pharmacy Chains
• Health Care Associations

Time Period Captured in the Report:
• Historical Period – 2012-2017
• Forecast Period – 2018-2022

Companies Covered:
• Royal Pharmacy
• Pharmazone
• YIACO
• Ali-Abdulwahab Al-Mutawa
• Boots Pharmacy
• Al-Hajery
• Aster
• Dowa
• PharmaTee

Related Reports:

https://www.kenresearch.com/healthcare/pharmaceuticals/india-pharmacy-stores-market-report/3896-91.html
The report provides information on market size for Indonesia Healthcare and pharmacy retail. The report covers pharmacy retail market segment (by pharmacies & drugstores and by region), value chain, trends, growth drivers, and competitive landscape of major pharmacy retail companies including Guardian Pharmacy, Kimia Farma, Apotek K-24, A S Watsons Group, and Century Healthcare. The report concludes with market projection for future and analyst recommendations highlighting the major opportunities and cautions.

https://www.kenresearch.com/healthcare/pharmaceuticals/india-pharmacy-stores-market-report/3896-91.html
The report provides a comprehensive analysis of the various aspects such as market size of the India Pharmacy Retail and Online Pharmacy Retail Market. The report also covers the market segmentation on the basis of organized & unorganized pharmacies, prescribed drugs, OTC drugs & private label products, category of drugs and generic & patented drugs. The report shares the company profile and competitive landscape for major players in the organized pharmacy sector and online pharmacy market.

https://www.kenresearch.com/healthcare/general-healthcare/qatar-healthcare-market-report/99730-91.html
The report provides a comprehensive analysis of the healthcare market in Qatar. The report focuses on the hospitals and clinics, medical devices used in the hospital setting, diagnostic laboratories, clinics and polyclinics, pharmaceutical drugs and injectable used for treatment and diagnostic purposes, and services provided by healthcare providers. The report covers aspects such as overall healthcare market by its key segments including medical devices, pharmaceuticals, hospitals, independent diagnostic laboratories, clinics/polyclinics, retail pharmacy and their sub-segments. The publication also includes the competitive landscape in each section, which discusses the major market players in every segment along with the detailed discussion about the organization. The future analysis of overall Qatar Healthcare has also been discussed along with recommendations from analyst view. The report also includes information about health insurance in Qatar, regulatory bodies governing healthcare policies in Qatar, regulations which impact healthcare market and procedure to import medical devices and pharmaceuticals in the country.

https://www.kenresearch.com/healthcare/pharmaceuticals/vietnam-pharmaceutical-market/143605-91.html
The report provides a comprehensive analysis of Vietnam pharmaceutical market overview and size, growth drivers and restraints. The report also provides data points on Vietnam Pharmaceutical market by Generic and Patented drugs, by Prescribed Drugs and OTC Drugs and Therapeutic Drugs (Metabolism and Nutritional Medicine, Cardiovascular, Central Nervous System, System Infection, Oncology, Musculoskeletal, Respiratory and Others) along with company profiles of DHG Pharma, Traphaco, Pymepharco, Ha Tey Pharmaceutical, Mekophar, Domesco, Imexpharma, OPC, Sanofi, GSK, AstraZeneca, Novartis, Roche, Pfizer, MSD and Bayer. The report also covers government regulations, procedure of how drugs procured in public hospitals, Comparative Analysis of Pharmaceutical Companies, Trade scenario, Analyst Recommendations and future outlook for Vietnam Pharmaceutical Market.

Contact Us:
Ankur Gupta
Ken Research, Head Marketing
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.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Kuwait Retail Pharmacy Market is Expected to Reach about KD 600 Million in Terms of Revenue by 2022: Ken Research here

News-ID: 1887377 • Views: 737

More Releases from Ken Research

Qatar Blood Gas & POC Immunoassay Analyzer Market is currently in its Growing St …
1. Reagent price and type of device are the predominant factor that are influencing the growth of BGA devices amongst healthcare facility in Qatar When it comes to BGA segment in Qatar's Blood Gas & POC Immunoassay Analyzer Market, the ecosystem is well positioned with a limited number of players operating in the market. These players are competing on the basis of cost per test, testing parameters, design and portability of the
The EV Charging equipment market is growing rapidly, owing to New Manufacturing …
Driven by an increased focus on sustainability, and government initiatives, the EV Charging equipment market in KSA has ample growth potential in the coming years. Manufacturing of EV charging equipment: KSA is one of the Middle East's fastest expanding economies, which allows the Kingdom to diversify and experiment when it comes to investing in new areas. It is an import-oriented market when it comes to the manufacturing of EV charging equipment.
Growth in E-Commerce, Cloud Computing, New Industrial Spaces, and Government Ini …
Focus on Cashless Transactions, Adoption of Cloud Technology, Cybersecurity and Data Center Co-Locators and Investors Are Major Factor Contributing Towards Development of Data Center Market in Philippines. Demand buoyed by internet users: The longest online usage time worldwide is in the Philippines, where 76 Mn people use the internet daily for an average of 10.5 hours. The Philippines has become an important site for data center construction because of its internet
Future outlook of India Rapid IVD Kits Market: Ken Research
1. The India Rapid IVD Kits Market is growing at a CAGR of ~113% (FY'2017-FY'2022), owing to a rise in awareness of Rapid IVD Tests due to the pandemic. The Rapid IVD Kits Industry has emerged as an attractive player in India's growing healthcare sector and is one of the fastest-growing service segments in the country. To Know More about this report, download a Free Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTYxNDE3 The sector is largely

All 5 Releases


More Releases for Pharma

Antiemetics Market Size 2022 Analysis by Top Key Players| Acacia Pharma Group Pl …
Antiemetics Market research added by the Absolute Markets Insights, offers a comprehensive analysis of growth trends prevailing in the global business domain. This report also provides definitive data concerning market, size, commercialization aspects and revenue forecast of the industry. In addition, the study explicitly highlights the competitive status of key players within the projection timeline while focusing on their portfolio and regional expansion endeavors. Access the PDF sample of the report@
Global Indomethacin Market Seeking Excellent Growth by 2028 | Ratiopharm, Merck, …
"IBI has published a report entitled Global Indomethacin Market Research Report which provides comprehensive data on emerging trends, market drivers, growth opportunities, and barriers that could change the dynamics of the industry market. It provides an in-depth analysis of market segments which includes the product, application, and competitor analysis. Click Here To Order A Sample Copy Of Indomethacin Global Market Report : https://www.infinitybusinessinsights.com/request_sample.php?id=380382 The Indomethacin Global Market Research Report provides close monitoring
Roxatidine Market 2020: Top Companies Analysis To Grow Healthcare Business by 20 …
Business Industry Reports Research has recently announced a report on Global Roxatidine Market based on the Category Industry. The Roxatidine Market report emphasizes various key aspects, which include growth drivers, restraints, opportunities and recent market trends for the forecast period 2020-2024. Global Roxatidine Market overview: Business Industry Reports Analyst covers the Major Players data, including: shipment, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the
Indometacin Market Top Key Manufacturers Aidarex, Ratiopharm, Merck, Xinhua Phar …
The Global Indometacin Market is a nonsteroidal anti-inflammatory drug commonly used as a prescription medication to reduce fever, pain, stiffness, and swelling from inflammation. The demand for nonsteroidal anti-inflammatory drug has been increasing owing to the emergence of anti-inflammatory biologics that are more targeted. However, such as side effects of anti-inflammatory drugs and patent expiry issues may hamper the market growth in the review period. For More Info, Get Sample Report
Hydroxycarbamide Market Study Report 2019| Taj Pharma, Beijing Jialin Pharma, Qi …
Los Angeles, United State, June 11, 2019, - The global Hydroxycarbamide market is expected to surge at a steady CAGR in the coming years, states the latest QY Research report. The publication offers an insightful take on the historical data of the market and the milestones it has achieved. The report also includes an assessment of current market trends and dynamics, which helps in mapping the trajectory of the global Hydroxycarbamide
TIGLUTIK Market 2019: Top Players are Sanofi, Mylan Pharma, Apotex, Glemark Gene …
TIGLUTIK Market 2019 Report analyses the industry status, size, share, trends, growth opportunity, competition landscape and forecast to 2025. This report also provides data on patterns, improvements, target business sectors, limits and advancements. Furthermore, this research report categorizes the market by companies, region, type and end-use industry. Get Sample Copy of this Report@ https://www.researchreportsworld.com/enquiry/request-sample/13709986 Global TIGLUTIK market 2019 research provides a basic overview of the industry including definitions, classifications, applications