Germany Retail Pharmacy Market is majorly driven by Increase in the Statutory Health Insurance (SHI) Coverage in the Country: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit “Growth in the coverage of statutory health insurance coupled with an increase in population has led to rising domestic consumption of pharmaceuticals in Germany.” Analysts at Ken Research in their latest publication “Germany Retail Pharmacy Market Outlook to 2023 – By Type of Pharmaceuticals (Prescription Only, Pharmacy-Only, Supplementary Products, and Unrestricted OTC pharmaceuticals); By Total Number of Main and Franchise Pharmacies; and By The Federal States” believe that increasing value-added services, rise in branch pharmacies, improved inventory management through automation, proper medical management, adoption of digital prescriptions and increased availability of home delivery service. The market is expected to register a positive CAGR of 3.2% in terms of revenue during the forecast period of 2018–2023E. Growing Coverage of Statutory Health Insurance: Increasing coverage of statutory health insurance has led to the increased demand of pharmaceutical products, majorly, of prescription-only drugs, which is the dominant segment in Germany retail pharmaceutical market. Health insurance is mandatory for German citizens. Germany provides ready access to a stable market of healthcare consumers with a clear and adequately distributed expenditure system. The German healthcare system is funded by both public and private contributions; however, the government remains the major provider of healthcare expenditure. The provision of statutory health insurance acts as a combined benefit both for the consumers and the pharmacies. The expense of drugs and other medications of the patients are easily reimbursed as a result; this allows the citizens to freely access the medical services for every kind of disease or illness they are suffering from. It gives a boost to the demand for drugs and other supplementary medical aids, hence, pushing the companies to manufacture multiple innovative medications. In Accordance with the ABDA report, there were 112 health insurance funds and companies involved at the end of 2017. All categories under pharmaceuticals experienced a constant rise in SHI expenditure, and, out of more than EUR 230.0 billion that the statutory health insurance (SHI) spent in 2017, the largest proportion went towards hospitals and miscellaneous costs, for instance, sick pay, home nursing, and travel expenses as well as vaccinations including doctor’s fees. Statutory Health Insurance (SHI) has particularly catered the patients consuming prepackaged pharmaceuticals, which play an important role in treating illnesses such as cancer (oncology) or autoimmune disorders (immunosuppressive drugs). The country has been witnessing a demographic shift with a higher proportion of its population entering into old age; thereby increasing the demand for medications. Rising Population: At the end of 2017, Germany’s population was 82.8 million up from 80.4 million inhabitants in the year 2012. According to estimates of the Federal Statistical Office, approximately 83.0 million people were living in Germany at the end of 2018. In the long-term, Germany’s population is projected to trend around 83.5 million by the year ending 2020. Furthermore, growing awareness amongst people towards preventive healthcare has boosted the consumption of healthcare aids, such as dietary supplements, vitamin and mineral items, herbal medicines, and others thus, aiding the retail pharmacy market of Germany to expand both in terms of value and volume. Interested to Know More about this Report- Request for a sample report Key Segments Covered:- Market Segmentation in Germany Retail Pharmacy Market By Type of Pharmaceutical (Prescription- Only, Pharmacy – Only, Unrestricted OTC and Supplementary Products) By Prescription and non – prescription By specific type of pharmacy By number of main/individual and branch pharmacy By region Market Segmentation in Germany Mail – Order Retail Pharmacy Market By Over – The – Counter and Beauty Cosmetic Products: and Prescription Based Drugs Key Target Audience:- Hospitals Individual Clinics Pharmaceutical Companies Visit this Link :- Request for custom report Time Period Captured in the Report:- Historical Period – 2012-2018 Forecast Period – 2018-2023 Companies Covered in Germany Retail Pharmacy Market:- DocMorris RossMann Muller Budnikowsky Companies Covered in Germany Mail – Order Retail Pharmacy Market:- DocMorris Shop Apotheke Medpex.de Apotal MyCare Others (Eurapon, Vistalsana) Keywords:- Retail Pharmacy Market Germany Retail Pharmacy Market Germany Independent Pharmacy Market Germany Report Of Germany Retail Pharmacy Market Germany Independent Pharmacies Number Germany Pharmacy Chain Market Retail Pharmacy Germany Pharmaceutical Market in Germany Germany Retail Pharmacy Association Germany Retail Pharmacy Offline Sales Online Retail Pharmacy Germany Pharmacy Revenue Germany Mail-Order Pharmacies in Germany For More Information on the Research Report, refer to below links: – Germany Retail Pharmacy Market Outlook to 2023 Related Reports by Ken Research Kuwait Retail Pharmacy Market Outlook to 2022 – By Type of Pharmacy (Pharmacy Chains, Independent Pharmacies and Hospital/Clinic-Based Pharmacies); By Type of Drugs (Cosmetics, Food Supplements, and Drugs), By Type of Sales Channels (Offline and Online) Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications support@kenresearch.com +91-9015378249 Post Views: 6 Tags: Branch/Franchise Pharmacy Market Germany, Challenges Germany Retail Pharmacy, Clinics Pharmacies Germany, Cosmetics Market Germany, Drug Supply in Germany Retail Pharmacy Market, Drugs Sales Germany, Drugs Sales in Germany Market, Federal State Wise Pharmacy Germany, Food Supplement Germany, German Retail Pharmacy Market Value Chain Analysis, Germany Beauty Cosmetic Products Market, Germany Drug Stores, Germany Drug Stores Market Share, Germany Health Care, Germany Health Care Market Size, Germany Independent Pharmacies Number, Germany Pharmaceutical and Prescription Market, Germany Pharmacies Number, Germany Pharmacy Chain Market, Germany Pharmacy Chain Number, Germany Pharmacy Issues, Germany Prescription Only Pharmaceuticals Market, Germany Prescription Pharmaceuticals Market Segmentation, Germany Retail Pharmaceuticals Prescription Market, Germany Retail Pharmacies Number, Germany Retail Pharmacy Association, Germany Retail Pharmacy Competitive Scenario, Germany Retail Pharmacy Growth, Germany Retail Pharmacy Growth Drivers, Germany Retail Pharmacy Industry, Germany Retail Pharmacy Industry Research Report, Germany Retail Pharmacy Market, Germany Retail Pharmacy Market Analysis, Germany Retail Pharmacy Market Future Outlook, Germany Retail Pharmacy Market Growth, Germany Retail Pharmacy Market Growth Forecast, Germany Retail Pharmacy Market Issues, Germany Retail Pharmacy Market Major Players, Germany Retail Pharmacy Market Overview, Germany Retail Pharmacy Market Research Report, Germany Retail Pharmacy Market Revenue, Germany Retail Pharmacy Market Sale, Germany Retail Pharmacy Market Segmentation, Germany Retail Pharmacy Market Size, Germany Retail Pharmacy Market SWOT Analysis, Germany Retail Pharmacy Market Trends, Germany Retail Pharmacy Offline Sales, Germany Retail Pharmacy Regulations, Germany Retail Pharmacy Trends, Herbal Medicines in Germany Retail Pharmacy Market, Hospital Pharmacies Germany, Independent Pharmacy Market Germany, Mail-Order Pharmacies in Germany, Mail-order Retail pharmacies in Germany, Mail-Order Trade in German Retail pharmacy Industry, Main/Individual Pharmacy Market Germany, Online Retail Pharmacy Germany, Pharmaceutical Industry in Germany, Pharmaceutical Market in Germany, Pharmaceutical Products Market in Germany, Pharmacists Number Retail Pharmacy Germany, Pharmacy Revenue Germany, Prescription only Retail Pharmacy Market Germany, Report Of Germany Retail Pharmacy Market, Retail Pharmacy Germany, Retail Pharmacy Industry Germany, Retail Pharmacy Industry in Germany, Retail Pharmacy Market Germany, Retail Pharmacy Market in Germany, Retail Pharmacy Market Size Germany, Snapshot on Germany Mail Order Pharmacy Market, Specific Retail Pharmacy Market Germany, Statutory Health Insurance (SHI) Market Germany, Supplementary Products Market Germany, Trends Pharmacy Germany, Unrestricted OTC Drugs Market Germany