Philippines Pharmacy Retail Market Outlook to 2025: 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 to 2025 – By Market Structure (Organized and Unorganized), By Location (Standalone and Hospital-Based), By Region (North, Central and South), By Product Sales (Prescribed Medicines, OTC Products, Non-Pharma Products and Medical Equipments), By Drug Type (Generic And Patented) and By Therapeutic Class” provides a comprehensive analysis of the retail pharmacy operations in the Philippines. The report covers various aspects including the current healthcare scenario, current market size, segmentation, usage of contraceptives and family planning, health insurance scenario, industry cycle, supply structure for pharmacy retail, trends & development, issues & challenges, SWOT Analysis, BCG Matrix, Hybrid Pharmacy Scenario, Online Pharmacy Regulations, Major Telemedicine Providers and Operating Model for Online Pharmacies. The report concludes with Competition Scenario, Future Projections for the industry including market revenue by 2025, market segmentation, Covid 19 impact, and analysts’ recommendations. Philippines Pharmacy Retail Market Overview and Size: The Philippines Pharmacy Retail Market is a booming industry backed by the growing demand for generic medicines and an increase in the number of chain pharmacies. The market had presence of a different type of pharmacy store such as Chinese drugstores, traditional medicine shops which are now replaced with modern American style pharmacies. The independent pharmacies and regional chains are being acquired by big national chains for expedited expansion. Further, some chains have also adopted the franchise model for store expansion. The high price for pharmaceutical products has shifted the consumer towards the consumption of generic medicines which are now in high demand. The government is revamping the public medicine distribution system in order to make them accessible to the people in rural areas. Online pharmacies are a relatively new concept and are gaining traction in the region. The market witnessed a growth of 3.4% during 2014-2019. Philippines Pharmacy Retail Market Segmentation By Market Structure: The Philippines Pharmacy Retail is dominated by the Unorganized Pharmacies in terms of the number of stores. However, unorganized pharmacies dominate in terms of revenue. The organized pharmacies are able to attract more customers due to in-store convenience facilities such as medical checkups and consultations, customer loyalty schemes, and wide product assortments. Most of the organized chains are concentrated in the developed parts of the country especially in the Luzon Islands. By Type of Store Location: The market is segmented into two types of stores Hospital Based Pharmacies and Standalone Pharmacies. Standalone Pharmacies dominated the market in 2019, both in terms of revenue and number of pharmacies. These pharmacies attract greater footfall due to convenient locations and wider product assortments. By Type of Sales: Prescribed Medicines were the most selling product categories in the market in 2019. The demand was mostly for maintenance medicines. Demand for prescribed medicines is higher in hospital-based pharmacies than standalone pharmacies. In standalone pharmacies, OTC products and Non-Pharma Products contributed a significant share. By Type of Drug: The generic medicines can be grouped into different sub-segments priced at different tiers which include Branded Generics, Uni-Branded Generics, House-Brands, and Unbranded Generics. The low prices for generic medicines have made them popular among Filipino consumers. The market for patented medicines is less than the market for generic medicines. By Therapeutic Class: The medicines sold in the Philippines Pharmacy Retail can be classified in different groups such as cardiovascular, anti-infective, gastrointestinal, anti-diabetic, vitamins, minerals and nutrients, respiratory, and others. Cardiovascular drugs have the highest demand due to the high rate of Coronary Heart Diseases (CHD) in the country. Competitive Landscape in the Philippines Pharmacy Retail Market The Philippines Pharmacy Retail Market has a presence of ~29,000 pharmacies, a mix of independent pharmacies and chain pharmacies as of 2019. However, the competition is highly concentrated. The top five pharmacy chains in the country are Mercury Drug Corporation, Watsons Personal Care Stores, South Star Drug Inc, The Generics Pharmacy, and Rose Pharmacy accounting for the majority share in the market on the basis of revenue. The competition is driven on the basis of the number of stores, product offerings, the range of product categories, services, customer loyalty schemes, private-label goods, and marketing & promotion. The main parameters of competition among chains are Number of Stores, Pricing, In-Store Services, Customer Loyalty Schemes, Product Variety, Non-Pharmaceutical Products Availability. Philippines Pharmacy Retail Market Future Outlook & Projections: The Philippines Pharmacy Retail Market will not decline in terms of revenue due to the COVID 19 pandemic and will have positive growth. However, certain small pharmacies are expected to go out of operations due to the lockdown. The major chains are moving towards an Omni Channel model by expanding their operations in E-Commerce. These chains will continue to acquire independent pharmacies and regional chains as part of their expansion strategy. Due to the high demand for generic medicines, most of the new stores opening will be focusing on selling generic medicines. In order to reduce healthcare costs and make medicines more affordable, the government has revamped Botika Ng Bayan Initiative to provide medicines at a subsidized rate especially focusing on rural areas. The Philippines Pharmacy Retail Market is expected to grow at a CAGR of 3.0% on the basis of the revenue generated during the forecast period of 2019-2025. Key Segments Covered: – By Market Structure (In USD Billion) Organized Market Unorganized Market Type of Store Location (In USD Billion) Standalone Pharmacy Hospital-Based Pharmacy By Region (In USD Billion) North Central South By Type of Sales (In USD Billion) Prescribed Medicines OTC Products Non-Pharmaceutical Products Medical Equipment By Type of Drug (In USD Billion) Generic Patented By Therapeutic Class (In USD Million) Cardiovascular Anti-Infectives Pain/Analgesics Anti-Diabetic Vitamins/Minerals /Nutrients Dermatology Respiratory Gastro-Intestinal Neuro Oncology Contraceptive Gynecological Ophthalmological Others Companies Covered Mercury Drug Corporation Watsons Personal Care Stores SouthStar Drug Inc. The Generics Pharmacy Rose Pharmacy Generika Drugstores Several Regional Players & Others Key Target Audience Pharmaceutical Manufacturer Companies Pharmaceutical Importing Companies Pharmaceutical Distributing Companies Major Retail Companies E-Commerce Pharmaceutical Retailers Consultancy Companies Industry Associations Regulation Bodies Time Period Captured in the Report: Historical Period: 2014-2019 Forecast Period: 2020-2025 Key Topics Covered in the Report: – Healthcare System in the Philippines Major Hospitals & Doctors in the Women Healthcare Usage of Contraception & Family Planning in the Philippines Health Insurance in the Philippines Supply Structure of the Philippines Pharmacy Retail Market Trends & Development in the Philippines Pharmacy Retail Market Issues & Challenges in the Philippines Pharmacy Retail Market SWOT Analysis & BCG Matrix in the Philippines Pharmacy Retail Market Philippines Pharmacy Retail Market Size & Segmentation, 2014-2019 Online Pharmacy Regulations in the Philippines Telemedicine & Growth of Online Medical Consultation in the Philippines Major Telemedicine Providers in the Philippines Operating Model of Hybrid Pharmacies Competition Scenario, Market Share, Cross Comparison of Major Players (Online & Offline) and Company Profile Assessing Regional Pharmacies in the Philippines Corona Virus Impact on Consumer Behavior & Pharmacy Sales Future Market Size and Segmentations, 2019-2025F COVID 19 Impact on the Philippines Pharmacy Retail Market Analysts’ Recommendations For More Information on The Research Report, Refer To Below Link: – Philippines Pharmacy Retail Market Related Reports by Ken Research India E-Pharmacy Competition Benchmarking Report – A detailed analysis of major E-Pharmacy players in India 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 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 Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications support@kenresearch.com +91-9015378249 Tags: Corona Virus Impact Philippines Pharmacy Retail Market, COVID 19 Impact on Philippines Pharmacy Market, Generika Drugstores Pharmacy Retail Market Size, Health Insurance Growth in the Philippines, Healthcare System in the Philippines, Luzon Pharmacy Retail Market, Major Pharmacies in Philippines, Major Telemedicine Companies in Philippines, Major Telemedicine Providers in the Philippines, Medical Equipment Market Growth in Philiipines, Mercury Drug Pharmacy Retail Market Revenue, Mindanao Pharmacy Retail Market, Pharmacy Retail Industry Philippines, Pharmacy Retail Market Philippines, Philippines Branded Generics Market, Philippines Chain Drugstores Market, Philippines Drugstore Market, Philippines Generic Drug Market, Philippines Hospital Drugstores, Philippines Independent Pharmacies Market, Philippines Internet Medicine Market, Philippines Major Medicine Sellers, Philippines Major Regional Pharmacies, Philippines Medicine Retail Market, Philippines Medicine Sellers Market, Philippines Online Pharmacy Retail Market, Philippines Organized Pharmacy Retail Market, Philippines Patented Drug Market, Philippines Pharmacy Franchises, Philippines Pharmacy Retail Industry, Philippines Pharmacy Retail Industry Research Report, Philippines Pharmacy Retail Market, Philippines Pharmacy Retail Market Analysis, Philippines Pharmacy Retail Market Forecast, Philippines Pharmacy Retail Market Future Outlook, Philippines Pharmacy Retail Market Growth Rate, Philippines Pharmacy Retail Market Major Players, Philippines Pharmacy Retail Market Research Report, Philippines Pharmacy Retail Market Share, Philippines Pharmacy Retail Market Size, Philippines Standalone Pharmacies, Philippines Telemedicine Market, Prescribed Medicines Sales in Philippines, Rose Pharmacy Retail Market Outlook, SouthStar Drug Pharmacy Retail Market Report, The Generics Pharmacy Retail Market Analysis, Visayas Pharmacy Retail Market, Watsons Pharmacy Retail Market Sales Growth