The report titled “Malaysia Pharmacy Retail Market Outlook to 2025- By Market Structure (Organized & Unorganized), By Location (Mall Based & High Street), By Product Sales (Prescribed Drugs, Generics, Non Pharmaceutical Products, Medical Equipments), By Drug Type (Patented & Generics) and By Therapeutic Class” provides a comprehensive analysis on the performance of the pharmacy industry in Malaysia. The report covers various aspects including number of pharmacies, revenue, trends & developments, issues & challenges faced by the industry, competition landscape, telemedicine market and more. The Malaysia pharmacy retail market report concludes with projections for future of the industry including forecasted revenue by 2025, market segmentations, Covid-19 impact and analysts’ take on the future.
Malaysia Pharmacy Market Overview and Size
Malaysia
Pharmacy Retail market in terms of revenue increased at a single digit CAGR over
the review period 2013-2019. The market was observed to be at growth stage
owing to growing intensity of competition among the retail pharmacies in the
market in terms of wide product offering and value added services. The Malaysia
pharmacy retail industry has grown at a CAGR of 9.7% on the basis of revenue
and a CAGR of 3.9% on the basis of number of pharmacy retail outlets over the
period 2013-2019. The market is booming owing to rising number of cases of NCDs,
growing online pharmacy services, increasing government health expenditure, consolidation
of smaller chains to expand in different regions and services such as Online
Consultations & E-Prescriptions coupled with per capita health expenditure of
individuals in Malaysia.
Malaysia Pharmacy Retail Market Segmentations
By Market Structure: The organized players in the industry
dominated the revenues in pharmacy retail market in Malaysia in 2019. Organized
market has established strong presence across all the regions in Malaysia that
resulted in higher footfall of customers at these outlets. Moreover, the number
and quality of services along with home delivery option resulted in higher
orders from these pharmacy outlets in terms of pharmaceutical & non
pharmaceutical products.
By Location: On the
basis of revenue & number of stores, high street based pharmacies dominated
the retail pharmacy market in Malaysia. However, the customer footfall &
average basket size at mall based pharmacies was comparatively high as
customers also purchased non-pharmaceutical products along with the
medications.
By Product Sales: Prescribed
medicines dominated the market in terms of revenue largely due to the higher
costs of such medicines in 2019. Among the other product categories, Over-The-Counter
and Non Pharmaceutical Products were consistently growing in terms of revenue share.
Medical equipments being the last category showed stagnant growth over the
years in the country.
By Drug Type: Generics
Drugs in Malaysia pharmacy retail market dominated the market in terms of
revenue as they are affordable by the majority of the population and are easily
available to the customers in their nearby stores. On the other hand, patented
drugs in the market are generally being recommended by the doctors and are
usually taken for chronic diseases. These medicines are largely provided by the
Government based pharmacies or dispensaries.
By Region: Selangor
Region in Malaysia has the highest number of pharmacy retail outlets as in
2019. The region dominated the market in terms of revenues followed by Johor
& Kuala Lumpur largely due to the presence of major organized chains &
higher Out of Pocket Expenditure.
By Therapeutic Class: Anti-Infective
dominated the market in terms of revenue followed by Cardiovascular in 2019
majorly due to the number of cases that have almost doubled over the years. It
is followed by Pain/Analgesics, Vitamins Minerals & Nutrients, Anti-Biotics
& Respiratory.
Competitive Landscape of Malaysia Pharmacy Retail Market
The industry is highly competitive with 35+ organized
chain brands present across almost every region in Malaysia. The market is
moderately concentrated with the top 5 players namely Watsons, Guardian,
Caring, Healthlane & Alpro Pharmacy. However, in terms of Pure Pharmacy medication
sales Caring Pharmacy, Alpro Pharmacy, Multicare & Big Pharmacy dominated
the market. The players in the industry compete
on the basis of parameters such as Number of Pharmacy Stores, Geographical
Presence, Brand Recognition and Partnerships with Telemedicine &
E-Prescription Providers, product portfolio, online deliveries & Other
Value Added Services.
Malaysia Pharmacy Market Future Outlook & Projections
The customer
footfall at pharmacy retail outlets reduced under Movement Control Order by
Malaysian Government amidst the Covid-19 pandemic will witness growth by the
end of 2025. The growing demand from the customers along with the online
platforms to place order will drive the growth in the industry. Increasing per
capita health expenditure, number of NCD patients along with ease in
availability of medicines and future acquisitions & partnerships in terms
of expansion & service addition in the portfolio will drive the pharmacy retail
industry in future in Malaysia.
Key Segments Covered:-
By Market Structure (Number
of Pharmacy Outlets & Revenue in USD Mn)
Organized
Organized
Mall Based
Organized
High Street Stores
Unorganized
Unorganized
Mall Based
Unorganized
High Street
By Location (Number of
Pharmacy Outlets & Revenue in USD Mn
Mall Based
Prescribed
Drugs
Over-The-Counter
Non
Pharmaceutical Products
Medical
Equipments
High Street
Prescribed
Drugs
Over-The-Counter
Non
Pharmaceutical Products
Medical
Equipments
By Product Sales
Prescribed Drugs
Over-The-Counter
Non Pharmaceutical
Products
Medical Equipments
By Sales
Patented Drugs
Generics
By Region
Selangor
Johor
Kuala Lumpur
Sarawak
Others
By Therapeutic Areas
Anti-Infective
Cardiovascular
Pain/Analgesics
Vitamins/Minerals/Nutrients
Antibiotic
Respiratory
Gastro Intestinal
Gynaecology
Neuro
Others
Companies Covered:-
Watsons
Malaysia
Guardian
Pharmacy
Caring
Pharmacy
Alpro
Pharmacy
Healthlane
Pharmacy
Multicare
Pharmacy
AM
PM Pharmacy
Cosway
Farmasi
Aeon
Wellness
AA
Pharmacy
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 – 2013-2019
Forecast Period – 2020-2025
Key Topics Covered in the Report:-
Overview of Malaysia
Pharmacy Retail Market
Trends and Growth
Drivers in the Industry and Challenges Faced
Malaysia Pharmacy
Retail Market Size and Segmentations, 2013 - 2019
Ecosystem and Value
Chain of Pharmacy Retail Market in Malaysia
Distributors &
Wholesalers Landscape in Malaysia Pharmacy Retail Market
Industry SWOT Analysis
and BCG Matrix
Telemedicine &
Online Consultations Snapshot
Contraceptive Demand
among Customers in Malaysia
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:-
Malaysia Pharmacy Retail Market
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