India Pharmacy Retail Market is Expected to Reach over INR 4.7 trillion by the Fiscal year ending March 2025: Ken Research

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Analysts at Ken Research in their latest publication 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“ expect that the pharmacy retail market in India will continue to grow with the growth of online pharmacy, increase in number of hospitals, growth in chronic diseases and high demand for OTC drugs.

The market is expected to register a positive CAGR of 8.6% in terms of revenue during the forecast period FY’2018-FY’2025. The revenue generated by stand alone pharmacies is expected to increase at a CAGR of 10.9% during the period FY’2018-FY’2025, while the industry revenue generated by hospital based pharmacies will grow at slower rate of 5.5% during the same period.

The growth of online pharmacy will result in the growth of the overall pharmacy retail market in the country as it will increase the accessibility of drugs not just in urban areas but in the rural areas as well. The northern region is expected to grow at the fastest rate of all the regions registering a seven year CAGR of 12.1% from FY’2018 to FY’2025. This is primarily due to rapid expansion of organized pharmacy retail chain in the region.

Growing demand for E-Pharmacy: Online pharmacy retail market is one of the largely untapped vertical in the e-commerce space, which has been gaining attention of the government as well as investors in the last 2-3 years. The market is expected to be in its nascent stage in the next five years as a lot of disruptions such as IOT and AI are expected to impact the market in the coming years. The Gross Merchandise Value of drugs sold at online pharmacy retail website is estimated to grow at a CAGR of 39.1% from FY’2019 to FY’2025.

Shift towards M-Commerce: In future, it is anticipated that the number of mobile phone internet users is expected to grow from 391 Million in 2018 to more than 500 Million in 2023. This will help the e-pharmacy market to grow in the future as more and most of the e-pharma websites will also be launching their mobile applications as well. This will help in improving the accessibility of drugs in the market for the customers.

Growth of Organized Segment: Pharmacy retailing is expected to become more competitive with the anticipated entry of number of players in the coming years. Players that have already forayed in this segment include Medicine Shoppe, Apollo (into pharmacies), Global Health line Pvt Ltd, and SAK Industries’ led CRS Health. Zydus Cadila and Cipla too are rumored to have plans for this segment. Health & Glow (RPG Group) in the southern India is already in this area though it is not essentially into pharmacy retailing, but more of the health and beauty care business.

India Online and Offline Pharmacy Retail Market

Keywords:-

India Pharmacy Retail Market

India Pharmacy Industry

India Pharmacy Retail Market Revenue

India Pharmacy Retail Revenue

Online Pharmacy Sales India

India OTC Drugs Market

India Pharmacy Retail Market Size

India Generic Drug Market

India Analgesics Drugs Market

India Pharmacy Retailer in South

India Pharmacy Retail Market Review

M-Pharmacy Market in India

Pharmacy Retail South India

India OTC Drugs Market

India Generic Drug Market

Apollo Pharmacy Market Share

India Patented Drug Market

M-Pharmacy Market in India

Apollo Pharmacy Market Share

Pharmeasy Revenue India

India Medlife Pharmacy Market

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

For more information, refer to below link:-

India Pharmacy Retail Market

Related Reports:-

Vietnam Pharmaceutical Market Outlook To 2022 – by Generic and Patented drugs, by Prescribed Drugs and OTC Drugs and Therapeutic Drugs (Metabolism and Nutritional Medicine, Cardiovascular, Central Nervous System, System Infection, Oncology, Musculoskeletal, Respiratory)

Indonesia Pharmaceutical Market Outlook to 2022 – By Therapeutic Segment (Anti-Infectives, Gastrointestinal and Metabolism, Cardiovascular System, Central Nervous System, Respiratory, Musculoskeletal, Dermatology, Genitourinary and Hormones, Blood, Oncology), By Domestic and International Players, By Generic and Patent Drugs, By OTC & Prescription Drugs, By Region

Kuwait Retail Pharmacy Market Ouarmacies and Hospital/Clinic Based Pharmacies); By Type of Drugs (Cosmettlook to 2022 – By Type of Pharmacy (Pharmacy Chains, Independent Phics, Food Supplements and Drugs), By Type of Sales Channels (Offline and Online)

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249

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