India Online And Offline Pharmacy Retail Market, OTC Drugs Market, E-Pharmacy Retail Market- Ken Research

The organized pharmacies has started focusing beyond metro cities amid growing demand for branded retail stores in Tier 2 and Tier 3 cities. The expansion has brought a number of new challenges for the pharmacy retailers in India such as optimum inventory control and on schedule delivery.

The report titled “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 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.

The market is expected to register a positive CAGR of 8.6% in terms of revenue during the forecast period FY’2018-FY’2025.

Increase in Number of Standalone Unorganized Pharmacies: The number of pharmacists has increased by almost 50% from 2013 to 2018. New pharmacies are mainly opening up as it is observed that most of the pharmacists prefer to open their own pharmacy which constitutes the unorganized market. The number of pharmacist is less than number of pharmacy stores which signifies that large number of stores are registered under a single pharmacist name but are operated unauthorized.

Growth of Private Label Goods: Organized players are expanding the portfolio of private label goods as the margin earned on these products is considerably higher as compared to other types of products. This has helped the pharmacy retail stores in improving their profitability. Since the organized players solely have the brand recognition to sell the private label goods; the margin earned by organized pharmacy stores is higher as compared to the unorganized pharmacy stores.

Under Penetrated Rural Market: The organized market is largely limited to Tier 1 and Tier 2 cities highlighting the limited reach of the organized pharmacy retail stores. In comparison to it, the unorganized players are spread across the country.

Keywords:-

India Pharmacy Retail Market

India Pharmacy Industry

Pharmacy Retail Businesses India

India Pharmacy Retail Revenue

Online Pharmacy Sales India

India OTC Drugs Market

India Prescribed Drug Market

India Generic Drug Market

India Patented Drug Market

India Pharmacy Retailer in South

India Online Pharmacy Retail Market

M-Pharmacy Market in India

Pharmacy Retail South India

Global Pharmacy Retail Market

Pharmacy Retail in Urban Areas

Apollo Pharmacy Market Share

Future India Pharmacy Retail

Netmeds Online Pharmacy Market India

1 Mg Retail Pharmacy Market Share

Pharmeasy Revenue India

Medplus Pharmacy Market Revenue India

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)

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

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