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Indonesia Pharmacy Retail Market is Expected to Reach USD 5.9 Billion by 2022: Ken Research
• The healthcare market in Indonesia was majorly impacted by the implementation of JKN (Indonesian National Health Insurance) as the demand for affordable/primary healthcare services, generic medicines and medical devices increased.
• Indonesia pharmacy retail market is highly fragmented with organized pharmacy retail chains contributing less than 8% to the revenue share. Major organized chains include Guardian pharmacy, Kimia Farma, Apotek K-24 and AS Watsons Group
• The pharmacy retail market has witnessed growing adoption of online retail as a distribution channel to increase accessibility and widen their customer reach.
Indonesia Healthcare market will be facilitated by the rising number of healthcare providers coupled with elevating prevalence of chronic diseases such as diabetes, HIV, Tuberculosis and others. More than 35,000 new beds are likely to be added in Indonesia by 2020.
The high prevalence of infectious diseases, widespread generic drug supply, rising purchasing power, increasing affordability of healthcare products and the large over-the-counter medicines market will help to drive growth in Indonesia’s pharmacy retail sector. Further, with the implementation of JKN by the government, the demand for prescription and generic drugs will increase. This will lead more pharmacies to set up around public and private hospitals augmenting the revenue of the pharmacy retail market. The pharmacy retail chains are expected to increase focus on value added services which includes consultation, prescribe medication for minor health problems, and home delivery services. The major pharmacy chains in the country are expected to launch various mobile applications and online retail services thus increasing accessibility and convenience of home delivery and online payment facility. The online stores will adopt omni-channel mode of expansion with strong expansion of brick and mortar stores in order to support online sales by reducing delivery time and improving accessibility.
Increasing adoption of digital platform by pharmacies and drugstores, expansion of various organized chains coupled with elevating prevalence of chronic and lifestyle diseases will propel the Indonesia pharmacy retail market revenue in future.
Ken Research in its latest study, “Indonesia Pharmacy Retail Market Outlook to 2022 - By Pharmacies & Drugstores and By Region (Central Java, East Java, West Java, North Sumatra, Jakarta and Others)”, suggests that demand for pharmacy retail chains in the market will continue to grow in Indonesia owing to expansion of healthcare facilities and increase in generic drug sales as a result of implementation of JKN scheme.
For more information on the research report, refer to below link:
https://www.kenresearch.com/healthcare/pharmaceuticals/indonesia-pharmacy-retail-market/143544-91.html
Related Reports by Ken Research:
https://www.kenresearch.com/healthcare/general-healthcare/saudi-arabia-healthcare-market-research-report/1106-91.html
https://www.kenresearch.ae/healthcare/general-healthcare/uae-healthcare-market-report/37505-91.html
https://www.kenresearch.com/healthcare/general-healthcare/qatar-healthcare-market-report/99730-91.html
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Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
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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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