The report titled “India
Online and Offline Pharmacy Retail Market Outlook to 2025 - By Organized and
Unorganized; By Standalone and Hospital based Pharmacy; By Product Category (Prescribed
Drugs, OTC Drugs and Non-Pharmaceutical Goods) and Therapeutic Class” provides a comprehensive analysis on
the Pharmacy retail market of India. The report covers various aspects
including introduction, market segmentations, trends and developments, issues
and challenges, SWOT analysis, competitive landscape and government regulations,
snapshot on India online pharmacy retail market. The report concludes with
market projection and analyst recommendations highlighting the major
opportunities and cautions.
Market Overview
India pharmacy retail market is at a mature stage. India pharmacy
retail industry revenue has grown at a positive CAGR during the period FY’2013-FY’2019.
This growth was supported by rise in
number of chronic diseases, low prices of generic drugs, rise in number of
hospital based pharmacies, growth in OTC segment, urbanization and growth of
middle class population. The customers in the market are highly price
sensitive and rising operating cost, lack of stringent regulations, low per
capita healthcare expenditure, and lack of infrastructure has resulted in low
penetration of pharmacy retail in India.
The online pharmacy retail market is still in the nascent
stage in the country and its popularity is increasing as it has increased the
ease of accessibility to drugs for the customers. These companies majorly
operate in Tier 1 and 2 cities. They operate on either marketplace model or
inventory based model. The issues and challenges faced by the companies depend
on the type of business model the company follows.
India
Pharmacy Retail Market Segmentation
By Market Structure (Organized and
Unorganized): Organized
market consists of companies which own more than one retail store and the
unorganized players consist of companies with not more than one retail store. Organized
mainly include retail pharmacy chain such as Apollo pharmacy. The market is
largely dominated by the unorganized players both in terms of revenue as well
as number of stores.
By Type of Retail Format (Standalone
and Hospital based Pharmacy): Hospital based pharmacies are those retail stores which are
present in hospitals while standalone pharmacies can be present anywhere. In
terms of number of stores, the market is highly dominated by the standalone
pharmacies while in terms of revenue the market is segregated equally into
standalone and hospital based pharmacies.
By Type of Product Categories
(Prescribed Drugs, OTC Drugs and Non Pharmaceutical Goods): Prescribed drugs include those drugs
which are sold only when they are prescribed by the doctors while OTC drugs can
be sold even without prescriptions. Non pharmaceutical goods includes products
like personal care products, skin care, body care, health food, nutritional
supplements, and hygiene products such as hand wash, diapers and other FMCG
goods. This segment is dominated by the prescribed drug followed by OTC dugs
and Non-Pharmaceutical goods.
By Therapeutic Class (Anti-Infective,
Cardiovascular, Gastro Intestinal, Anti Diabetic and Others): Anti infective have the highest
market share in the market. It is swiftly followed by cardiovascular, Gastro
Intestinal and Anti Diabetic segment.
Other major medicine categories include Vitamins, Minerals
and Nutrients, Respiratory, Pain and Analgesics, Dermatology, Neuro, Gynecological
and Others.
By Drug Category (Generic drug and
Patented drug): The
generic drugs have the lion’s share in the market. Generic drugs are further
segmented into Generic-Generic and Branded Generic drugs.
By Region (South, West, North and
East): Southern
part of the country has the highest market share followed by West and North
region. Eastern region has the lowest share in the market. Low per capita
income in the eastern states is the key factor for such low demand in these
states.
Competitive Landscape
India pharmacy retail market is highly fragmented. Apollo
pharmacy is the market leader and has the highest market share in the pharmacy
retail market in India on the basis of revenue in FY’2018. This was followed by
Medplus, Emami Frank Ross, Fortis, Wellness Forever, Thulasi Pharmacy, Guardian
Pharmacy and others. These players compete in the pharmacy retail market on the
basis of retail space, reach to the customers, number of stores, shelf space
and others.
Future Outlook
It is anticipated that revenue generated in Indian pharmacy
retail market will increase at a positive CAGR during the period FY’2018 – FY’2025.
In India, it is expected that with the growth of organized segment, the overall
market will also grow. Standalone pharmacy will grow at the faster rate as
compared to hospital based pharmacies. Among the product categories, OTC
segment will grow at the fastest pace. The demand for patented drugs is
expected to grow at much faster pace as compared to generic drugs in the
future. Southern region is expected to retain its majority share, although
north region is expected to grow at the fastest rate in the next seven years.
Key Segments Covered:-
By Type of Retail Format
Standalone
Pharmacy
Hospital
Based Pharmacy
By Market Structure
Organized
Market
Unorganized
Market
By Product Category
Prescribed
Drugs
OTC Drugs
Non
Pharmaceutical Drugs
By Therapeutic Class
Anti-Infectives
Cardiovascular
Gastro
Intestinal
Anti
Diabetic
Vitamins,
Minerals and Nutrients
Respiratory
Pain and
Analgesics
Dermatology
Neuro
Gynecological
Others
By Generic Drugs
Branded
Generic
Generic-Generic
Key Target Audience
Pharmacy
Retail Companies
Pharmaceutical
Companies
E-Commerce
Companies
Time Period Captured in the Report:-
Historical Period: FY’2013-FY’2019
Forecast Period: FY’2018-FY’2025
Companies Covered:-
Apollo
Pharmacy
Medplus
Emami
Frank Ross
Fortis
Wellness
Forever
Thulasi
Pharmacy
Guardian
Pharmacy
Sanjivani
Noble
Plus Pharmacy
Dhanvantri
Medicare
Viva
Chemist
Himalaya
Drug Company
Trust
Chemists
Guardian
Pharmacy
EasyMedico
Medlife
Netmeds
Pharmeasy
1MG
Sasta
Sunder
Myra
Easy
Medico
Key Topics Covered in the Report:-
Executive
Summary
Research
Methodology
India
Pharmacy Retail Market Size by Revenue (FY’2013-FY’2019)
India
Pharmacy Retail Market Segmentation by Market Structure
India
Pharmacy Retail Market by Product Category
Business
Model of India Offline Pharmacy Retail Market
Trends
and Developments in the India Pharmacy Retail Market
Issues
and Challenges in the India Pharmacy Retail Market
Government
Regulations in India Pharmacy Retail Market
SWOT
Analysis of India Pharmacy Retail Market
Porter 5
Forces Analysis of India Pharmacy Retail Market
Competitive
Scenario in India Pharmacy Retail Market
Shares
and Company Profiles of Major Players in the Market
Snapshot
on India Online Pharmacy Retail Market
India
Pharmacy Retail Market Future Outlook and Projections (FY’2018-FY’2025)
Analyst
Recommendations in India Pharmacy Retail Market
For more information, refer to below link:-
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Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
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