Malaysia News
Key Findings
MCO
movement in Malaysia amidst COVID-19 reduced number of operating hours of
Pharmacies but resulted in an increase of ~15% in online delivery for product
categories majorly Personal Care, Sanitizers and Nutrition & Health
Supplements.
The Malaysian Cabinet with aim of
reducing costs to customers introduced External Reference Pricing policy in May
‘19 to benchmark drug prices at wholesale and retail levels. However, the policy
reduced trade margins for drugs in the country and led to a cascading
effect to all the pharmacy players in the country.
Healthcare spending in 2019
accounted for 10% of total budget of Malaysia wherein government’s
goal is to achieve the long term growth to be aligned with the WHO recommended
healthcare spending of 7% of GDP.
Growing Number of Licences issued: Cumulative number of License A/B/E
and NaOH issued under the Poison Act 1952 by the Pharmacy Enforcement is
persistently increasing from approximately 9,000 in 2017 to more than 10,000 in
2019 wherein more than 50% of the total license issued in 2019 was accounted by
License A, which is issued to a pharmacist to import, store and deal generally
by wholesale and retail or by wholesale only or by retail only.
Consolidation of Pharmacies: Larger and
mid-sized pharmacy retail chains in the industry are expanding organically by
acquiring or merging with smaller chains and independent stores either to
enhance their geographical presence or to increase their product & service
portfolio. Some recent mergers include Health Lane Family Pharmacy Sdn Bhd
buying over Kumpulan Farmasi Vitacare Sdn Bhd and acquisition of Caring
Pharmacy by 7 Eleven group in Malaysia.
Collaborations & Partnerships: Partnerships of pharmacies with online
consultation & e-prescription companies are growing in Malaysia as Telemedicine
Blueprint envisioned that by 2020, the healthcare system of the country would
be transformed with developments of advanced health systems by harnessing the
power of information & multimedia technologies. Amidst the COVID pandemic, health
care providers observed a shift in consumer behaviour, where people are now
accepting more digital services such as tele consultation, medication delivery &
Covid-19 screening services.
Analysts at Ken Research in their latest publication “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
Areas”, the Malaysia Retail Pharmacy Market has been increasing due to increasing geographical presence of pharmacy outlets, rising
number of pharmacists along with expansion in value added services offered by
major players to sustain and increase their user base in the country. The
market is expected to register a positive CAGR of 9.3% in terms of revenue
during the forecast period 2020-2025.
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
For More Information on the research
report, refer to below link:-
Malaysia
Pharmacy Retail Market
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