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
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- 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
Contact Us:-
Ken
Research
Ankur
Gupta, Head Marketing & Communications
