Press release
Consolidation among Pharmacy Chains along with Rising Per Capita Health Spending has Augmented the Growth of Malaysia Pharmacy Retail Industry: Ken Research
Per Capita Health Spending: Per Capita Healthcare Spending in Malaysia has seen exponential growth with the rising number of prevalent diseases in the country. Exponential growth was seen in spending on nutrition health supplements, hair care, skincare & other personal care products from USD 400 to ~USD 450 in 2019 in Pharmacy & Personal Care Sector in Malaysia. Spending by Malaysians has increased over the years with a CAGR of 2.3% during 2013-2018 in terms of Per Capita Health Expenditure.
Separation of Dispensing & Prescription Rights: Malaysia has no clear boundary between the Dispensing and Prescription rights of doctors & Pharmacists. The role if done by separate parties would help patients in gaining benefits from the advice provided by the pharmacists on adequate medicine consumption. The rights are applicable in public sector, however still not approved for private health sector of the country. The proposed idea will ensure more participation from Pharmacists in the country, ensuring customer satisfaction.
For More Information on the research report, refer to below link:-
https://www.kenresearch.com/healthcare/pharmaceuticals/malaysia-pharmacy-retail-market-outlook-to-2025/353094-91.html
Impact of COVID-19 on Malaysia Pharmacy Retail Industry: COVID19 has severely impacted all the industries in Malaysia. Pharmaceutical Association of Malaysia assured public with continuous supply of essential products and services amidst the Movement Control Order (MCO) being introduced by Federal Government of Malaysia to control COVID19 impact. Customer footfall at the Pharmacy outlets increased as a result of Panic buying with the lockdown announcement. However, it saw decline of 40%-50% in terms of customer footfall in the country during lockdown. Non-Pharmaceutical products such as Sanitizers, Personal Care Medications, Masks and other essential items saw surge in the demand among customers in Malaysia with an increase of 10%-15% in terms of number of online delivery of such products in the country.
Analysts at Ken Research in their latest publication “Malaysia Pharmacy Retail Market Outlook to 2025- By Market Structure (Organized & Unorganized), By Location (Mall Based & High Street), By Product Sales (Prescribed Drugs, Generics, Non Pharmaceutical Products, Medical Equipments), By Drug Type (Patented & Generics) and By Therapeutic Areas”, the Malaysia Retail Pharmacy Market has been increasing due to increasing geographical presence of pharmacy outlets, rising number of pharmacists along with expansion in value added services offered by major players to sustain and increase their user base in the country. The market is expected to register a positive CAGR of 9.3% in terms of revenue during the forecast period 2020-2025.
Keywords:-
Malaysia Pharmacy Retail Market
Malaysia Pharmacy Retail Industry
Malaysia Pharmacy Retail Market Revenue
Malaysia Pharmacy Retail Market Major Players
Malaysia Pharmacy Retail Market Future Outlook
Covid-19 Impact Malaysia Pharmacy Retail Industry
Covid-19 Impact Malaysia Pharmacy Retail Market
Coronavirus Impact Malaysia Pharmacy Retail Market
Coronavirus Impact Malaysia Pharmacy Retail Industry
Malaysia Number of Pharmacy Stores
Malaysia Telemedicine Market
Mall Based Pharmacy Stores Malaysia
High Street Pharmacy Stores Malaysia
Kuala Lumpur Pharmacy Retail Market
Johor Number of Pharmacies Market
Johor Pharmacy Retail Market
Selangor Pharmacy Retail Market Revenue
DoctorOnCall Services
Sarawak Pharmacy Retail Market
Prescribed Drugs Revenue Malaysia
Non Pharmaceutical Products Market Malaysia
Medical Equipments Market Malaysia
Malaysia Generics Drugs Market
Malaysia Cardiovascular Therapeutic Drugs Market
Malaysia Anti-Infectives Drugs Market
Malaysia Analgesics Market
Malaysia Vitamins And Minerals Market
Malaysia Antibiotic Market Size
Malaysia Gastro Intestinal Market
Malaysia Gynecology Market Size
Malaysia Pharmaceutical Manufacturing Companies
Malaysia Pharmacy Retail Companies
Malaysia Telemedicine Companies
Malaysia Pharmaceutical Distributors Market
Malaysia Pharmaceutical Wholesalers Market
Malaysia Online Consultations Market
Malaysia E-Prescription Market
Private Pharmacists Market Malaysia
Public Pharmacists Market Malaysia
Malaysia Number of Pharmacists Market
Organized Pharmacies Malaysia
Cosway Farmasi Pharmacy Retail Market
Contraceptive Usage Malaysia
Major Ophthalmology Hospitals Malaysia
Leading Private Hospitals Malaysia
Malaysia Major Public Hospitals Market
Malaysia Major Women Doctors Market
Future Number of Pharmacy Outlets Malaysia
Prescription & Dispensing Rights Malaysia
Average Pharmacy Ticket Size Malaysia
Pasar Runcit Farmasi Malaysia
Malaysia Bilangan Pegawai Farmasi
Pasaran Vitamin Dan Mineral Malaysia
Malaysia Bilangan Kedai Farmasi
Pasar Dadah Generik Malaysia
Pasar Pengedar Farmasi Malaysia
Pasar Telemedicine Malaysia
Pasar Bilangan Farmasi Johor
Pasaran Runcit Farmasi Covid-19 Impact Malaysia
Key Segments Covered:-
By Market Structure (Number of Pharmacy Outlets & Revenue in USD Mn)
Organized
Organized Mall Based
Organized High Street Stores
Unorganized
Unorganized Mall Based
Unorganized High Street
By Location (Number of Pharmacy Outlets & Revenue in USD Mn
Mall Based
Prescribed Drugs
Over-The-Counter
Non Pharmaceutical Products
Medical Equipments
High Street
Prescribed Drugs
Over-The-Counter
Non Pharmaceutical Products
Medical Equipments
By Product Sales
Prescribed Drugs
Over-The-Counter
Non Pharmaceutical Products
Medical Equipments
By Sales
Patented Drugs
Generics
By Region
Selangor
Johor
Kuala Lumpur
Sarawak
Others
By Therapeutic Areas
Anti-Infective
Cardiovascular
Pain/Analgesics
Vitamins/Minerals/Nutrients
Antibiotic
Respiratory
Gastro Intestinal
Gynaecology
Neuro
Others
Companies Covered:-
Watsons Malaysia
Guardian Pharmacy
Caring Pharmacy
Alpro Pharmacy
Healthlane Pharmacy
Multicare Pharmacy
AM PM Pharmacy
Cosway Farmasi
Aeon Wellness
AA Pharmacy
Key Target Audience:-
Pharmaceutical Manufacturing Companies
Pharmacy Retail Companies
Independent Pharmacies
Industry Associations
Regulatory Bodies
Telemedicine Companies
Pharmaceutical Distributors & Wholesalers
Time Period Captured in the Report:-
Historical Period – 2013-2019
Forecast Period – 2020-2025
Related Reports:-
https://www.kenresearch.com/healthcare/pharmaceuticals/india-e-pharmacy-competition-benchmarking/345912-91.html
https://www.kenresearch.com/healthcare/pharmaceuticals/kuwait-retail-pharmacy-market/175024-91.html
https://www.kenresearch.com/healthcare/diagnostics/india-diagnostic-laboratories-market-outlook/336548-91.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. Ken Research provides business intelligence and operational advisory in 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies. Serving over 70% of fortune 500 companies globally, some of top consulting companies and Market leaders seek Ken Research’s intelligence to identify new revenue streams, customer/ vendor paradigm and pain points and due diligence on competition.
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