The report titled “Indonesia Pharmacy Retail Market Outlook to 2025 By Market Structure
(Organized & Unorganized); By Region (West Java, East Java, Central Java,
Jakarta, North Sumatra & Others); By Product Categories
(Prescribed, OTC, Non-Pharmaceutical Products & Medical Equipment); By
Therapeutic Areas; and By Product Type (Patented & Generic Drugs)” provides a comprehensive analysis on the
status of the pharmacy retail sector in Indonesia. The report covers various
aspects including the number of pharmacies & market size, production
scenario of pharmaceutical products in the country, target audience, growth
facilitators, issues & challenges faced by the industry, and more. The
Indonesia Pharmacy Retail report concludes with projections for the future of
the industry including forecasted sales revenue by 2025, market segmentations,
Covid-19 impact, and analysts’ take on the future.
Indonesia Pharmacy Retail Overview and
Size:
Indonesia pharmacy retail sector is in the
growing phase with the presence of over 40,105 drugstores and pharmacies along
with revenue CAGR of 8.1% during 2014-2019. Increasing incidence of lifestyle
related ailments such as Diabetes, Obesity, hypertension, and various heart
related diseases and prevalence of communicable diseases such as TB, influenza
among the growing population are the main reasons behind positive growth in
pharmacy retail revenue due to the increased sale of private-label goods.
Another major driver is the aging population. The UN has predicted that the
percentage of Indonesians, over 60 years old will reach 25% in 2050 or nearly
74 million elderly people.
Indonesia Pharmacy Retail Segmentations
By Market Structure: Unorganized market dominated the pharmacy
retail industry in Indonesia in 2019 on the basis of revenue and number of
stores. The presence of major pharmacy retail chains is limited to urban areas;
hence the organized segment generates less revenue.
By Type of Product: In terms of consumer preferences, sales
for over the counter (OTC) drugs are growing faster than that of prescription
drugs but the latter has the dominant market share. Increasing the trend of
self-medication and rising health awareness has led to the rapid growth of the
OTC segment.
Further Segmentation of Product Sales by
Hospital and Mall/Street Based: Prescription medicines continue to dominate the hospital pharmacies as
people usually buy doctors prescribed medicines from hospitals and use
standalone pharmacies for self-medication. The rising tendency in Indonesians
to self-treatment, increasing awareness for healthy lifestyle coupled with easy
availability and distribution have allowed unorganized independent stores to
sell products majorly for self-medication purposes.
By Type of Drugs: Indonesia is a very brand-conscious
market, where people prefer branded/original medicines or branded generics (patent)
regardless of the premium prices. As a result of the same patent, medicines
recorded higher revenue as compared to generics. With the implementation of
JKN, the sale of prescribed generic drugs has increased over the year which is
a major driver for the growth of this segment.
By Therapeutic Area: The trend for growth of
anti-anti-analgesics, anti-diabetic and cardiac care medicines reflects the
rise in the number of diabetes and heart disease patients in the country, and
the increasing focus of pharmaceutical companies on the therapy
areas. Shift from communicable to non-communicable diseases in Indonesia
will not be as apparent compared to other countries, due to the high incidence
of tuberculosis.
By Type Region: West Java has the major share of the total
pharmacies and drugstores in Indonesia in 2019; also it dominates the segment
in terms of revenue. This can be attributed to more number of hospitals located
in the region. East Java has witnessed an increase in foreign
investment in the pharmacy sector. The high rate of urbanization in Central
Java has enabled the growth of online retail pharmacy products.
Competitive Landscape of Indonesia
Pharmacy Retail
The pharmacy retail market in Indonesia is
highly fragmented with top 5 major organized chains (Kimia Farma, Apotek K-24,
AS Watsons Group, Guardian Pharmacy, and Century Apotek) accounting for 8.3% of
the revenue share in 2019. Both private as well as public pharmacy retail
companies have entered the market over the past five years to tap the potential
in this sector. These players compete on parameters such as proximity,
value-added services, availability of drugs, promotional offers, and tie-ups
with major healthcare institutions. In order to increase their revenue, the
players offer their products through online portals.
Indonesia Pharmacy Retail Future Outlook
& Projections
The Pharmacy Retail industry is expected
to recover from the Covid-19 pandemic and witness growth by 2025. The
increasing demand OTC products and an increasing number of telemedicine
companies such as Halodoc, Alodokter, SehatQ, GoApotik, and others are expected
to fuel the sales of medicines. The adoption of generic medicines is also
expected to increase over the forecast period. The Pharmacy Retail market is
expected to witness investment
in promotional and marketing activities and also strategic partnerships or
acquisitions of smaller players and independent pharmacies.
Key
Segments Covered: -
By Market
Structure (Organized & Unorganized),
By Type of
Product (Prescribed Drugs, Over-The-Counter, Non Pharmaceutical Products &
Medical Equipments)
Further
Segmentation of Product Type based on Hospital based and Street/Mall Based
Pharmacies
By Region (West
Java , East Java , Central Java , Jakarta , North Sumatra & Others)
By Type of Drugs
(Patented & Generics)
By Therapeutic
Areas (Anti-Infective, Cardiovascular, Pain/Analgesics , Vitamins/Minerals
/Nutrients, Antibiotic, Respiratory, Gastro Intestinal, Gynecology, Neuro &
Others)
Companies Covered: -
Kimia Farma Apotek
Apotek K-24
Guardian
Watsons
Century
Viva Apotek
Griya Farma
Key
Target Audience
Pharma/Medicine Manufacturers
Medicine Distributors/Wholesalers
Health Supplements and OTC Products Manufacturers
3PL Logistic Players
Government Organization catering to the Pharmaceutical
Industry
E-Pharmacy Players
Offline Pharmacy Players
Hospitals
Industry Associations
Time
Period Captured in the Report:-
Historical Period –
2014-2019
Forecast
Period – 2020-2025
Key Topics Covered in the Report: -
Healthcare
Overview of Indonesia
Trends
and Growth Drivers in the Industry and Challenges Faced
Contraceptive
Usage and Trends in Indonesia
Indonesia
Pharmacy Retail Size and Segmentations, 2014 - 2019
Ecosystem
and Value Chain of Pharmacy Retail Industry in Indonesia
Industry
SWOT Analysis and BCG Matrix
Customer
Decision Making Parameters
Cross
Comparison between Major Players and Company Profiles & Product Portfolios
Future
Market Size and Segmentations, 2019-2025F
Covid-19
Impact on the Industry & the Way Forward
Analysts’
Recommendations
For
More Information on the research report, refer to below link: -
Indonesia Pharmacy Retail Market Growth
Related Reports
by Ken Research: -
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