The report titled “Kuwait Retail Pharmacy Market Outlook to 2022
- By Type of Pharmacy (Pharmacy Chains, Independent Pharmacies and
Hospital/Clinic Based Pharmacies); By Type of Drugs (Cosmetics, Food
Supplements and Drugs), By Type of Sales Channels (Offline and Online)” provides a comprehensive
analysis on the Retail Pharmacy industry of Kuwait. The report covers various
aspects including introduction, value chain, market size by revenue (2012-2017),
segmentation by type of pharmacy, by type of drugs, by revenue split and by type
of sales channel, competition scenario in the industry, shares and company
profiles of major players in the market, growth drivers, trends and
developments, issues and challenges in the retail pharmacy market and the
regulatory framework of the industry. The report concludes with market
projection for future market described above and analyst recommendations
highlighting the major opportunities and cautions for the Kuwait Retail
Pharmacy market.
Market Overview
Kuwait retail pharmacy
market is in its growing stage and has increased at a positive single digit
CAGR during the period 2012-2017 majorly due to increasing population, surge in pharmaceutical imports, and growing
prevalence of diseases such as Obesity, infectious and chronic ailments such as
cancer within the country. It has been observed that the
trend towards preventive healthcare witnessed a rise in line with an increase
in healthcare awareness during the review period, thus supporting expansion of
the cosmetics and food supplements along with the OTC segment and increasing
demand for vitamins and supplements, weight loss formulations, and smoking
cessation aids has led the retail pharmacy market positively. On the other
hand, growth in healthcare sector has resulted in widespread of both standalone
and pharmacy chains in the country.
Kuwait
Retail Pharmacy Market Segmentation
By
Type of Pharmacy: Pharmacy chains are the major dominating category
under types of pharmacy in Kuwait. Pharmacy chains accounted more than half of
the share in the number of pharmacies in the country. In Kuwait, people largely
prefer to purchase drugs and private label goods from well-known pharmacy
chains majorly due to trust on branded retail pharmacy outlets. Independent Pharmacies remains the
second most leading pharmacy stores in Kuwait in terms of number and are
followed by Hospitals/clinic based pharmacies.
By
Type of Drugs: Cosmetics dominated Kuwait retail pharmacy market
with a massive share in generation in the year 2017. Increasing expatriate
population in the country, surge in the sale of baby care products and higher
price of the medicinal products are the key growth drivers for dominance of
cosmetics sale in Kuwait retail pharmacy market. Food supplements (vitamins)
captured second highest revenue share which is later followed by drugs
(medicines).
By
Revenue Split per Day: Kuwait retail pharmacy
market is highly concentrated among the pharmacy chains. Pharmacies earning per
day revenue within the range KD 2,000 to KD 5,000 dominated the segment during
the year 2017.
By
Type of Sales Channel: Offline channel in Kuwait
retail pharmacy market have dominated the retail pharmacy market in terms of
sales revenue during the year 2017. Majority of the pharmacies in Kuwait
operate under this business model. However, online channel in Kuwait retail
pharmacy market have accounted mere share in the year 2017.
Competitive
Landscape
The market of the Retail
Pharmacy companies is moderately concentrated with few players constituting
more than half of the total share. In Kuwait, nine major players are operating
in the retail pharmacy market which contributes a combined share of ~70.0% of
total pharmacy stores as of 2017. Companies compete on the basis of number of
stores, promotional offers; value added services and distributional channel. Royal
group, Pharmazone and YIACO are the major player in the market. Royal group is
the market leader with dominating share in pharmacy chains followed by Pharmazone
and then by YIACO in 2017. Other players in the market include Al-Morji
Pharmacy, Tabuk Pharmacy, Saja Pharmacy and others.
Kuwait
Retail Pharmacy Future Outlook
The Kuwait pharmacy retail
market is expected to grow at a positive single digit CAGR during the period
2017-2022. The retail pharmacy market in Kuwait will be majorly driven by
improved healthcare infrastructure such as increase in number of hospitals,
pharmaceutical clusters, and primary health clinics. In addition, the high
prevalence of contagious diseases, widespread generic drug supply, rise in
purchasing power, increasing affordability of healthcare products and the
growing over-the-counter drugs market will help to drive growth in Kuwait’s
retail pharmacy market.
Key Segments
Covered:-
Market
Segmentation:-
By Type of Pharmacy
(Pharmacy Chains, Independent Pharmacies and Hospital/Clinic Based Pharmacies)
By Type of Drugs (Cosmetics,
Food Supplements and Drugs)
By Revenue Split (KD 500 to
KD 2,000, KD 2,000 to KD 4,000 and KD 5,000 to KD 10,000)
By Type of Sales Channels
(Offline and Online)
Key
Target Audience:-
Hospitals
Pharmaceutical Manufacturers
Pharmaceutical Distributors
Pharmacy Chains
Health Care Associations
Time
Period Captured in the Report:-
Historical
Period – 2012-2017
Forecast
Period – 2018-2022
Companies
Covered:-
Royal Pharmacy
Pharmazone
YIACO
Ali-Abdulwahab Al-Mutawa
Boots Pharmacy
Al-Hajery
Aster
Dowa
PharmaTee
Key Topics Covered in the Report:-
Introduction on Kuwait Retail
pharmacy Market
Value Chain
Working Model of Online
Pharmacy Company
Market Size by Revenue
(2012-2017)
Retail Pharmacy Market
Segmentation by Type of Drugs, by Type of Pharmacies, by Type of Sales channel
and by Revenue Split per day
SWOT Analysis for Kuwait Retail
Pharmacy Market
Competition Scenario in the
Industry
Shares and Company Profiles
of Major Players in the Market
Growth Drivers, Trends and
Developments in the Retail pharmacy Market
Issues and Challenges in the
Retail Pharmacy Market
Regulatory Framework of the
Industry
Future Outlook for the
Market (2018-2022) Including Estimated Market Size in Terms of Revenue and Retail
Pharmacy Market Segmentation by Type of Drugs, by type of Sales Channel and by
Number of Pharmacies
For
more information on the research report, refer to below link:-
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