Philippines Pharmacy Retail Market Outlook 2023: 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 The report titled “Philippines Pharmacy Retail Market Outlook 2023 – By Organized and Unorganized Segment, By Standalone and Hospital Based Pharmacies, By Region, By Generic and Patented Drug, By Prescribed Medicines, OTC Products, Non Pharmaceutical Products and Medical Equipments, by Therapeutic Class (Anti-Infective, Cardiovascular, Gastro Intestinal, Anti Diabetic, Vitamins, Minerals and Nutrients, Respiratory, Pain Analgesics, Dermatology, Neuro, Gynaecological and Others)” provides a comprehensive analysis of the Philippines pharmacy retail market including market introduction, overview and genesis, market size and segmentations. Extensive focus has been placed in quantifying the industry revenue over the period, 2013-2023. The report covers aspects such as value chain, business and investment model, pre-requisites for a pharmacy, regulatory framework, growth drivers, major trends and developments, issues and challenges, import scenario in the industry, SWOT analysis, comparative analysis and competition landscape of the industry. The report also covers future industry analysis by segments. The report is useful for existing pharmacy chains, potential entrants, investors and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future. Philippines Pharmacy Retail Market Overview and Size: The Philippines pharmacy retail market is a booming industry backed by the growth in the organized retail chains and the demand for the generic medicines in the country. Medicines stores have been present in the Philippines market since the 20th century. There were different kind of stores such as Chinese drugstores and traditional medicine shops. Afterwards, organized pharmacy stores expanded their distribution network in the different regions. The organized chains are on a continuous expansion and were observed to generate the majority of the revenue for the industry. High costs of pharmaceutical products have led to growth in the demand for generic medicines. The government has also taken up initiatives for improving the medicine distribution system in the country and increase the reach of generic medicines to the different consumers. Philippines have the third highest market for the pharmaceutical products amongst the ASEAN countries. Online / mail order pharmacies also started to gain traction in the country. Philippines Pharmacy Retail Market Segmentation By Market Structure (Organized and Unorganized Market) Philippines pharmacy retail market was dominated by the organized segment as these chains have established a good relation with the customers on the basis of the store convenience and different customer loyalty schemes. On the other hand, unorganized segment is mostly prevalent in the countryside and rural areas where the organized chains are not present. Type of Store Location (Standalone and Hospital Based Stores) The standalone stores are able to generate greater revenue than the hospital based stores as most of the patients prefer to purchase from the standalone stores due to their cost efficiency. In addition to that, standalone stores maintain a wide range of non pharmaceutical products which increases the store footfall. By Type of Sales (Prescribed Medicines, Over the Counter Products, Non Pharma Products and Medical Equipment) Sales towards prescribed medicines were observed to dominate Philippines pharmacy retail market during the year 2018. The demand is majorly facilitated by the sales in the hospital based stores and standalone stores near a hospital. This was followed by the OTC products, Non Pharmaceutical Products and medical equipment. By Type of Drug (Generic and Patented) The generics category consists of a number of sub-segments existing at different pricing tiers including branded generics, Uni-branded generics, house-brands and unbranded generics. Traditionally, the market consisted of branded and unbranded generics but big local companies have launched Uni-brands such as Pharex and RiteMed at a discounted price lower than the branded generics, therefore have experienced high growth. The remaining market was captured by patented segment. By Therapeutic Class The Philippines pharmacy market has different group of therapeutic drug classes such as anti-infective, cardiovascular, gastro intestinal, anti diabetic, vitamins, minerals and nutrients, respiratory, pain analgesics, dermatology, neuro, gynecological and others. The cardiovascular drugs have highest demand due to high rate of Coronary Heart Diseases (CHD) in the country. Comparative Landscape in the Philippines Pharmacy Retail Market Competition stage within Philippines pharmacy retail market was observed as highly concentrated along with the presence of major pharmacy retail chains and independent stores in the country. The top five major pharmacy chains present in the market are Mercury Drug Corporation, Watsons Personal Care Stores, South Star Drug Inc, Rose Pharmacy and The Generics Pharmacy. The competition is driven on the basis of the number of stores, product offerings, the range of product categories, services, customer loyalty scheme, private label goods and marketing & promotion. Philippines Pharmacy Retail Market Future Outlook and Projections: The Philippines pharmacy retail market is expected to register a positive CAGR in terms of revenue during the forecast period 2019-2023, driven on the expected growth in the total number of organized stores in the country. The organized chains are expected to include the online sales channel in their distribution system and adopt the omni sales channel strategy. As the medicine market is being dominated by the demand for generic medicines, total number of drugstores providing generic medicines are expected to increase in the near future. The government of Philippines has revived the Botika Ng Bayan initiative which used to provide the medicines in the Philippines at subsidized rates. The government of Philippines aims to expand it to each of the barangay (village) in the Philippines and provide generic medicines in order to reduce the healthcare costs. Key Segments Covered: – Market Structure Organized Market Unorganized Market Type of Store Location Standalone Pharmacy Hospital Based Pharmacy Region North Central South Type of Sales Prescribed Medicines OTC Products Non Pharmaceutical Products Medical Equipment By Type of Drug Generic Patented By Therapeutic Class Anti-Infectives Cardiovascular Gastro Intestinal Anti Diabetic Vitamins/Minerals /Nutrients Respiratory Pain/Analgesics Dermatology Neuro Gynecological Others Key Target Audience Existing Pharmaceutical Retailers in the Philippines Existing Pharmaceutical Distributors in the Philippines Existing Pharmaceutical Wholesalers in the Philippines Existing Pharmaceutical Manufacturers in the Philippines Existing Pharmaceutical Importer in the Philippines New Market Entrants- Domestic Retailer New Market Entrants- Domestic Distributor New Market Entrants- Domestic Wholesaler New Market Entrants- Domestic Manufacturer New Market Entrants- Foreign Retailer New Market Entrants- Foreign Distributor New Market Entrants- Foreign Wholesaler New Market Entrants- Foreign Manufacturer Market Associations Investors & Venture Capital Firms Real Estate Companies Government Bodies Time Period Captured in the Report: Historical Period: 2013-2018 Forecast Period: 2019-2023 Companies Covered: Mercury Drug Corporation Watsons Personal Care Stores SouthStar Drug Inc. Rose Pharmacy The Generics Pharmacy Key Topics Covered in the Report: – Executive Summary Research Methodology Philippines Pharmacy Retail Market Introduction, Overview and Genesis Value Chain of Philippines Pharmacy Retail Market Philippines Pharmacy Retail Market Size, 2013-2018 Philippines Pharmacy Retail Market Segmentation, 2013-2018 Business Model for a Retail Pharmacy Store in the Philippines Pre-Requisites for the Philippines Pharmacy Retail Market Regulatory Framework in the Philippines Pharmacy Retail Market Growth Drivers in the Philippines Pharmacy Retail Market Trends in the Philippines Pharmacy Retail Market Issues and Challenges in the Philippines Pharmacy Retail Market Import Scenario in the Philippines Pharmacy Retail Market SWOT Analysis of the Philippines Pharmacy Retail Market Cross Comparison of International Pharmacy Stores with the Philippines Organized Pharmacy Retail Market Porter Five Forces Analysis for the Philippines Pharmacy Retail Market Comparative Landscape in the Philippines Pharmacy Retail Market Snapshot of Major Players Using Omni Channel Model in the Philippines Pharmacy Retail Market Snapshot of Emerging Hybrid Model in the Philippines Pharmacy Retail Market Philippines Pharmacy Retail Market Future Outlook and Projections, 2019-2023 Analyst Recommendations for the Philippines Pharmacy Retail Market For More Information on the research report, refer to below link: – Philippines Pharmacy Retail Market Outlook 2023 Related Reports by Ken Research Germany Retail Pharmacy Market Outlook to 2023 – By Type of Pharmaceuticals (Prescription Only, Pharmacy-Only, Supplementary Products and Unrestricted OTC pharmaceuticals); By Number of Main and Franchise Pharmacies; and By Federal States; By Online Sales 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) 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 Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications support@kenresearch.com +91-9015378249 Tags: ASEAN Pharmacy Industry, ASEAN Pharmacy Retail Market, ASEAN Pharmacy Retail Revenue, ASEAN Retail Businesses Philippines, Branded Drug Market in the Philippines, Future of Philippines Online Pharmacy Retail Market, Future of Philippines Pharmacy Retail Market, Generic Drug Market in the Philippines, Global Pharmacy Retail Market, Government Expenditure in Healthcare in Philippines, Growth of Hospital Based Pharmacy in Philippines, M-Pharmacy Market in Philippines, Major Companies in Philippines Pharmacy Retail, Market Competition in Philippines Pharmacy Retail Market, Mercury Drug Corporation Market Share, Patented Drug Market in the Philippines, Pharmacy Retail Businesses Philippines, Pharmacy Retail in developing countries, Pharmacy Retail Market, Pharmacy Retail Market in Philippines, Philippines Generic Drug Market, Philippines Hospital based Pharmacy Market, Philippines Medicine Retail Market, Philippines Online Pharmacy Retail Market, Philippines OTC drug Market, Philippines OTC Drugs Market, Philippines Patented Drug Market, Philippines Pharmacy Industry, Philippines Pharmacy Retail Industry Research Report, Philippines Pharmacy Retail Market, Philippines Pharmacy Retail Market Future Outlook, Philippines Pharmacy Retail Market Research Report, Philippines Pharmacy Retail Revenue, Philippines Pharmacy Retailer, Philippines Prescribed drug Market, Philippines Standalone Pharmacy Future, Philippines Standalone Pharmacy Retail Market