Consolidation of Pharmacy Chains into Banner Groups along with Growing Partnerships of Tele-heath Platforms with Pharmacies in the country has stimulated the Growth in Pharmacy Retail Market in Australia: Ken Research REQUEST FOR SAMPLE REPORT 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 Buy Now Growing Ageing Population in Australia: Elderly Population which is 65 Years or more made up a significant proportion of Australia’s population in 2017, i.e. over 1 in 7 people were aged 65 and over. More than half of the population visiting a Pharmacy store belongs to this elderly age group. In the past 20 years, the proportion of the population aged 65 years and over increased from 12.3% in 1999 to 15.9% in 2019 in Australia. The growth in population proportion further increased health consciousness & the number of prescriptions as well as a steady demand for health and wellness products in Pharmacies in Australia. Prevalence of Diseases in Australians: The prevalence of one or more chronic conditions in Australians increased from around 42% in 2008 to approximately 50% in 2020. Females aged 15 years and more were more likely to have these chronic diseases than males i.e. 57% compared to 51% in 2020. Major Chronic Conditions recorded in Australia 2020 were mental conditions, Back problems, Arthritis, Asthma Diabetes mellitus, Heart, stroke & other cardiovascular diseases. Australia recorded the maximum number of medicines dispensed for these therapeutic areas, especially for Cardiovascular Diseases. Health Insurance in Australians: Health Insurance in Australia has benefited from rising premiums over the last five years wherein anticipated revenue growth is around 1% during 2020-21. Total insured patients reach 13.6 Million in June 2020. Major Private Health insurers delayed scheduled annual premium increases for six months as a result of the pandemic & other private health insurers resumed annual premium increase from October 2020. Despite the lowest increase in two decades, health insurance premiums are still growing quicker than wages or inflation, raising concerns about affordability. Amidst the pandemic, Telehealth was introduced as a part of the insurance coverage by some Private Health Insurance Providers such as Bupa and Medibank. Impact of COVID-19 on Australia Pharmacy Retail Market: COVID19 has severely impacted all the industries across the Globe. The Pharmacy Guild of Australia and the Pharmaceutical Society of Australia, in consultation with the Department of Health, ensured equitable access to medicines for all Australians by limiting dispensing and sales of prescription and over-the-counter medicines. A decline of 30%-40% was recorded in terms of customer footfall in the country during the lockdown. However, demand for Non-Pharmaceutical products such as Sanitizers, Personal Care Medications, Masks, and other essential items saw a surge in the demand as a result of safety measures and panic buying among customers in Australia. Analysts at Ken Research in their latest publication “Australia Pharmacy Retail Market Outlook to 2025- Led by Growth in Increasing Number of Customer Footfall and Organic Expansion of Pharmacies” observed that the Pharmacy Retail Market in Australia has been growing over the years as a result of rising Number of Services Offered, Per capita Health Expenditure, Health Budget of the country, Growth in Online Pharmacies & Tele consultations, More number of Stores and option of Home Delivery of medications. Australian Pharmacy Retail Market is anticipated to grow with a CAGR of 5.1% on the Basis of Total Revenue over the forecast period 2020-2025. Australian Pharmacy Retail Market in terms of Number of Stores is expected to grow with a CAGR of 1.5% in the forecast period 2020-2025. The Online Pharmacy Retail Market in terms of Revenue is anticipated to grow with a CAGR of 3.9% in the forecast period 2020-2025. Key Segments Covered: – By Market Structure (Number of Pharmacy Outlets & Revenue in AUD Mn.) Organized Prescribed Drugs Over-The-Counter Non-Pharmaceutical Products Medical Equipments Unorganized Prescribed Drugs Over-The-Counter Non Pharmaceutical Products Medical Equipments By Product Sales (Revenue in AUD Mn) Prescribed Drugs Over-The-Counter Non Pharmaceutical Products Medical Equipments By Type of Pharmacies (Number of Pharmacy Outlets) Community Pharmacies Discount Pharmacies Hospital Pharmacies By Drug Type (Revenue in AUD Mn) Patented Drugs Generics By Region New South Wales Victoria Queensland Western Australia South Australia Tasmania Others By Therapeutic Areas Anti-Infective Cardiovascular Central Nervous System Pain/Analgesics Vitamins/Minerals/Nutrients Antibiotics Respiratory Gastro Intestinal Gynaecology Others Australia Pharmacy Market Companies Covered Priceline Pharmacy Terrywhite Chemmart Chemist Warehouse Advantage Pharmacy Amcal Pharmacy Discount Drug Stores My Chemist Guardian Pharmacy Direct Chemist Outlet Healthsave Pharmacy Blooms the Chemist Pharmacy4less Pharmacy777 Pharmasave Star Pharmacy Capital Chemist Pharmacist Advice Soul Pattinson Chemist Good Price Pharmacy Ramsay Pharmacy National Pharmacies Cincotta Discount Chemist Wizard Pharmacy Wholelife Pharmacy Chemist King Pharmacy Information System (PIS) Software Companies FRED ID Minfos RxOne Posworks Mountaintop Solutions Simple Retail Corum Health Zsoftware Key Target Audience Pharmaceutical Manufacturing Companies Pharmacy Retail Companies Independent Pharmacies Industry Associations Regulatory Bodies Telemedicine Companies Pharmaceutical Distributors & Wholesalers Time Period Captured in the Report:- Historical Period: 2015-2020 Forecast Period: 2021-2025 Key Topics Covered in the Report: – Overview of Australia Pharmacy Retail Market Trends and Growth Drivers in the Industry and Challenges Faced Australia Pharmacy Retail Market Size and Segmentations, 2013 – 2019 Ecosystem and Value Chain of Pharmacy Retail Market in Australia Distributors & Wholesalers Landscape in Australia Pharmacy Retail Market Industry SWOT Analysis Australia Online Pharmacy Landscape Pharmacy Information System Software Landscape Case Study- Pharmacy Banner Groups Telemedicine & Online Consultations Snapshot Contraceptive Demand among Customers in Australia Cross Comparison between Major Players and Company Profiles Future Market Size and Segmentations, 2020P-2025F Covid-19 Impact on the Industry & the Way Forward Analysts’ Recommendations For More Information on the research report, refer to below link: – Australia Pharmacy Retail Market Analysis Related Reports by Ken Research: – Indonesia Pharmacy Retail Market Outlook to 2025 By Market Structure (Organized & Unorganized); By Region (West Java , East Java , Central Java , Jakarta , North Sumatra & Others); By Product Categories (Prescribed, OTC, Non-Pharmaceutical Products & Medical Equipment); By Therapeutic Areas; and By Product Type (Patented & Generic Drugs) Thailand Pharmacy Retail Market Outlook to 2025 – By Market Structure (Organized & Unorganized Segment); By Region / Cities (Bangkok & its Vicinity, Central, South, Northeast, North, Eastern & West); By Product Categories (Prescribed, OTC, Non-Pharmaceutical Products and Medical Equipment); By Therapeutic Areas; and By Product Type (Patented & Generic Drugs) Malaysia Pharmacy Retail Market Outlook to 2025- By Market Structure (Organized & Unorganized), By Location (Mall Based & High Street), By Product Sales (Prescribed Drugs, Generics, Non Pharmaceutical Products, Medical Equipments), By Drug Type (Patented & Generics) and By Therapeutic Class Contact Us: – Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: Australia Community Pharmacies Retail Market, Australia Discount Pharmacies Retail Market, Australia E-Prescriptions Market, Australia Generics Pharmacy Retail Market, Australia Hospital Pharmacies Retail Market, Australia Medical Equipments Pharmacy Market, Australia Non Pharmaceutical Products Market, Australia Number of Pharmacy Stores, Australia Online Consultations Market, Australia Online Pharmacy Retail Market, Australia Organized Pharmacy Retail Market, Australia Over-The-Counter Market, Australia Patented Drugs Pharmacy Retail Market, Australia Pharmaceutical Market, Australia Pharmacy Customer Footfall, Australia Pharmacy Retail Industry, Australia Pharmacy Retail Industry Research Report, Australia Pharmacy Retail Market, Australia Pharmacy Retail Market Analysis, Australia Pharmacy Retail Market COVID-19 Impact, Australia Pharmacy Retail Market End Users, Australia Pharmacy Retail Market Forecast, Australia Pharmacy Retail Market Growth Rate, Australia Pharmacy Retail Market Outlook, Australia Pharmacy Retail Market Research Report, Australia Pharmacy Retail Market Revenue, Australia Pharmacy Retail Market Revenue in AUD Mn, Australia Pharmacy Retail Market Segmentation, Australia Pharmacy Retail Market Share, Australia Pharmacy Retail Market Size, Australia Pharmacy Retail Revenue, Australia Prescribed Drugs Market, Australia Telemedicine Market, Australia Unorganized Pharmacy Retail Market, Australian Pharmaceutical Market, Blooms the Chemist Pharmacy Retail Market Report, Chemist Warehouse Australia Market Growth, COVID-19 Impact on Australia Pharmacy Retail Market, Distribution and marketing of drugs in Queensland, Future of Australia Pharmacy Retail Market, Independent Pharmacies in Australia, Major Players Australia Pharmacy Retail Market, Minfos Software Cost Australia, Number of Pharmacy Outlets in New South Wales, Online Pharmacy Market in Australia, Per Capita Health Expenditure Australia, Pharmaceutical industry in Australia, Pharmaceutical Manufacturing Companies in Australia, Pharmacy Retail Companies in Australia, Pharmacy Retail Industry in Australia, Pharmacy Retail Market in Australia, Pharmacy4less Pharmacy Retail Market Growth Rate, Pharmacy777 Pharmacy Retail Market Analysis, Pharmasave Pharmacy Retail Market Revenue, PIS Companies in Australia, Prescribed Drugs Market Revenue Australia, Priceline Pharmacy Australia Market Share, South Australia Pharmaceutical Wholesalers Market, Telemedicine Companies in Australia, Terrywhite Chemmart Australia Market Share, Western Australia Pharmaceutical Distributors Market
