Increase in Number of Value Added Services by Pharmacies along with Growing Presence for Online Pharmacies will augment the growth in Australia Pharmacy Retail Market: Ken Research



Key Findings

  • More than 65% of all medicines dispensed are to those aged 65 or >65 years & most of whom are pensioners or concession card holders.
  • 33% of customers at Pharmacies in Australia were driven by convenience of the location.
  • Community pharmacies in Australia provide a national network of National Diabetes Services Scheme access points around 1.5 Million Australians with diabetes who have registered with the NDSS.
  • Franchise model has become quite popular in Australia with new chains adapting to this model for faster store expansion.

Australia Pharmacy Retail Services Market Overview

Consolidation of Pharmacies in the Country: Medium Sized Chains are either expanding organically in terms of Number of Stores or becoming a part of bigger Banner Groups like Sigma Healthcare, API and EBOS Group. Financial performance of Banner/Franchise pharmacies is stronger than Independents regardless of stores owned. Major famous banner groups in Australia generate gross profit of 33% or above, higher than that of Independent Pharmacies. Pharmacy Chains under banner groups are enjoying stability in terms of medicine supplies and other software advantages.

Growing in E-Prescription Scenario:  As a result of COVID-19 Pandemic, Government fast-tracked the rollout of e-prescriptions as part of the country’s response to the situation. Australia’s first e-prescription was dispensed at in Victoria in May 2020 as a result of COVID-19 Pandemic. Prescribers and dispensers across Australia have already generated more than 3.5 million electronic prescriptions and repeats as of May 2021. Expansion of e-prescription is staged to roll-out across rest of the country.

Rising E-Health Services:  Federal Government of Australia announced expansion of Medicare i.e. subsidized telehealth services for all people in the country. Pharmacies are partnering with Tele consultation companies to enhance their service portfolio and hence increasing number of prescriptions and Medication demand at their stores. These services witnessed a huge surge in demand due to COVID-19 pandemic. More than 4.0 Million health and medical services have been delivered to a total of more than 3 Million patients through the telehealth items introduced by the Australian Government for the COVID-19 pandemic.

Analysts at Ken Research in their latest publication Australia Pharmacy Retail Market Outlook to 2025– Led by Growth in Increasing Number of Customer Footfall and Organic Expansion of Pharmacies observed that the Pharmacy Retail Market in Australia has been growing over the years as a result of rising Number of Services Offered, Per capita Health Expenditure, Health Budget of the country, Growth in Online Pharmacies & Tele consultations, More number of Stores and option of Home Delivery of medications. Australia Pharmacy Retail Market is anticipated to grow with a CAGR of 5.1% on the Basis of Total Revenue over the forecast period 2020-2025.

Australia Pharmacy Retail Market in terms of Number of Stores is expected to grow with a CAGR of 1.5% in the forecast period 2020-2025. Online Pharmacy Retail Market in terms of Revenue is anticipated to growth with a CAGR of 3.9% in the forecast period 2020-2025.

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

Request for Free Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NDQ0MzEy

  • 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
  • Gynecology
  • Others

Top Retail pharmacy Companies in Australia

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
  • Pharmacy Information System Provider Companies
  • Online Pharmacy Companies
  • 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
  • Medical Equipment Manufacturers in Australia
  • 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

Related Reports

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)

Thailand Pharmacy Retail Market Outlook to 2025 – By Market Structure (Organized & Unorganized Segment); By Region / Cities (Bangkok & its Vicinity, Central, South, Northeast, North, Eastern & West); By Product Categories (Prescribed, OTC, Non-Pharmaceutical Products and Medical Equipment); By Therapeutic Areas; and By Product Type (Patented & Generic Drugs)

Vietnam Pharmacy Retail Market Outlook to 2025-By Market Structure (Organized & Unorganized); By Region (North, South & Central); By Hospital-based & Street/Mall-based; By Product Categories (Prescribed, OTC, Non-Pharmaceutical Products & Medical Equipment); By Therapeutic Areas; and By Product Type (Patented & Generic Drugs)

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

support@kenresearch.com

+91-9015378249



Next Post

मैनपुरी उपचुनाव: भाजपा के एजेंट के रूप में कार्य कर रहे हैं अधिकारी – अखिलेश यादव

समाजवादी पार्टी के राष्ट्रीय अध्यक्ष अखिलेश यादव के पिता सपा संरक्षक मुलायम सिंह यादव के निधन के बाद से खाली...

Read more