The report titled
“Australia Pharmacy Retail Market Outlook to
2025- Led by Growth in Increasing Number of Customer Footfall and Organic
Expansion of Pharmacies" provides a comprehensive analysis of Pharmacy Retail Services
in Australia. The report covers various aspects including market size (Total
Revenue and Number of Pharmacy Stores), Market Segmentations, Healthcare
Landscape, Health Insurance, Trends & Developments, Pharmacies Geographical
Landscape, Issues and Challenges, Government Regulations, COVID Impact, Online
Pharmacy Market, Pharmacy Information System Software Landscape in Australia
and Competition Landscape of Major Players.
The Australia pharmacy retail market report concludes
with projections for future of the industry including forecasted revenue by
2025, market segmentations and analysts’ take on the future.
Australia Pharmacy Retail Market
Overview and Size
Pharmacy Retail Market in Australia has witnessed a
moderate rise over the review period 2015-20. Growth in Number of Pharmacists,
Proportion of Ageing Population Proportion, Increasing Number of Healthcare
Problems, per capita healthcare expenditure, number of insured patients, PBS
Scheme etc. has augmented the growth in Australia Pharmacy Retail Market. New
South Wales, Victoria and Queensland are the regions with maximum number of
customer footfall and average basket size. The growth in Market was further
supported by Pharmacies expansion in terms of Number of Stores, services and
home deliveries of medications to the patients in the country.
COVID-19 Pandemic on the other hand impacted the
customer footfall and average basket size of customers for initial few months
of the pandemic. However, as the restrictions were reduced the situation also
got back to normal.
Australia Pharmacy Retail Market
Segmentations
By Market Structure: In terms of Number of Pharmacy
Stores and Revenue, Pharmacy Chains captured majority of the share in 2020.
Pharmacy chains provide multiple value added services along with Click and
Collect and Home Delivery option. Independent Stores on the other hand focuses
on providing Patented and Generic Drugs as it is preferred by Australians
largely for such categories.
By Type of Pharmacy: Community Pharmacy dominates
the market in terms of Number of Stores, followed by discount pharmacies in the
country in 2020. Prescribed, OTC and Non-Pharma Products were the major
categories being demanded at community Pharmacies.
By Type of Products: Prescribed Drugs dominate the
market in Australia in 2020, followed by Over the Counter medicines. High
growth was recorded in OTC segment as a result of COVID-19 Pandemic wherein
major medicines taken were for Analgesics, Cough & Cold Digestive Care etc.
By Therapeutic Area: Cardiovascular dominated the
market in terms of Revenue in the country as Australian adults aged 18 years and over had 1 or more conditions related
to heart or vascular disease in 2020. It is followed by Anti Infectives,
Central Nervous System, Vitamins Minerals & Nutrients and Pain/Analgesics.
By Drug Type: Generic
Drugs dominated the market in terms of revenue largely due to their affordability
and availability to the customers in their nearby stores. Patented drugs on the
other hand were largely taken by the Patients with severe diseases taking
medicine through Prescriptions.
Type of Regions: New South Wales and Victoria
accounted for more than 50% share in terms of revenue and Number of Stores in
2020. The region dominated as a result of major number of locations in these
regions, higher number of Pharmacists and also because of High population in
the region.
Competitive Landscape of
Australia Pharmacy Retail Market:
The competition in the Pharmacy Retail Market in
Australia is moderately concentrated with the presence of more than 2-3 Major
community Pharmacies in 2020. Major Pharmacies in Australia include Chemist
Warehouse, Priceline Pharmacy, TerryWhite Chemmart, Amcal, Discount Drug Store,
Healthsave Pharmacy, Advantage Pharmacy, Guardian, Direct Chemist Outlet and
few others. Players in the industry compete on the basis of parameters such as
Number of Customers in a day, Average Basket Size, Number of Products Offered,
Type of Services, Geographical Locations, Number of Stores, Online Presence,
Home Delivery, Value Added Services etc.
Online Pharmacy Market in
Australia
Online Pharmacy Market in Australia is growing over
the years. Market witnessed comparatively higher surge in terms of Revenue in
2020 as more individuals shopped online rather than visiting an offline store.
Online Pharmacy Revenue is anticipated to grow with a CAGR of around 4% during
the forecast period 2020-2025.
Australia Pharmacy Retail Market
Future Outlook and Projections
Australia Pharmacy Retail Market in terms of Total
Revenue is expected to grow at a CAGR of 5.1% over the period 2020 to 2025. The
market in future is anticipated to grow as a result of growth in number of
Pharmacy Stores, growth in customer footfall, Proportion of elderly population
and awareness of services among different customer cohorts. In addition to that
Growth in Healthcare Expenditure along with multiple strategies implemented by
Pharmacies such as opening of store for 24/7 will complement the Revenue Growth
in the industry. Market in terms of Number of Pharmacy Stores and Revenue will
witness a single digit growth rate in future.
Key
Segments Covered: -
By Market
Structure (Number of Pharmacy Outlets & Revenue in AUD Mn.)
Organized
Prescribed Drugs
Over-The-Counter
Non Pharmaceutical Products
Medical Equipments
Unorganized
Prescribed Drugs
Over-The-Counter
Non Pharmaceutical Products
Medical Equipments
By Product Sales
(Revenue in AUD Mn)
Prescribed Drugs
Over-The-Counter
Non Pharmaceutical Products
Medical Equipments
By Type of
Pharmacies (Number of Pharmacy Outlets)
Community
Pharmacies
Discount
Pharmacies
Hospital
Pharmacies
By Drug Type
(Revenue in AUD Mn)
Patented Drugs
Generics
By Region
New South Wales
Victoria
Queensland
Western Australia
South Australia
Tasmania
Others
By Therapeutic
Areas
Anti-Infective
Cardiovascular
Central Nervous System
Pain/Analgesics
Vitamins/Minerals/Nutrients
Antibiotics
Respiratory
Gastro Intestinal
Gynaecology
Others
Australia Pharmacy Market Companies
Covered
Priceline Pharmacy
Terrywhite Chemmart
Chemist Warehouse
Advantage Pharmacy
Amcal Pharmacy
Discount Drug Stores
My Chemist
Guardian Pharmacy
Direct Chemist Outlet
Healthsave Pharmacy
Blooms the Chemist
Pharmacy4less
Pharmacy777
Pharmasave
Star Pharmacy
Capital Chemist
Pharmacist Advice
Soul Pattinson Chemist
Good Price Pharmacy
Ramsay Pharmacy
National Pharmacies
Cincotta Discount Chemist
Wizard Pharmacy
Wholelife Pharmacy
Chemist King
Pharmacy Information System (PIS)
Software Companies
FRED ID
Minfos
RxOne
Posworks
Mountaintop Solutions
Simple Retail
Corum Health
Zsoftware
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:
2015-2020
Forecast
Period: 2021-2025
Key
Topics Covered in the Report: -
Overview
of Australia Pharmacy Retail Market
Trends
and Growth Drivers in the Industry and Challenges Faced
Australia
Pharmacy Retail Market Size and Segmentations, 2013 - 2019
Ecosystem
and Value Chain of Pharmacy Retail Market in Australia
Distributors
& Wholesalers Landscape in Australia Pharmacy Retail Market
Industry
SWOT Analysis
Australia
Online Pharmacy Landscape
Pharmacy
Information System Software Landscape
Case
Study- Pharmacy Banner Groups
Telemedicine
& Online Consultations Snapshot
Contraceptive
Demand among Customers in Australia
Cross
Comparison between Major Players and Company Profiles
Future
Market Size and Segmentations, 2020P-2025F
Covid-19
Impact on the Industry & the Way Forward
Analysts’
Recommendations
For
More Information on the research report, refer to below link: -
Australia Pharmacy Retail Market Analysis
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by Ken Research: -
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