4 Tailwinds that will drive AUD 14 Bn Pharmacy Retail Market of Australia. Will the market be able to keep up with New Trends?: 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 Australia Pharmacy Retail Market, which surged ahead with over 6.9% year-on-year growth in 2020, spent an estimated >AUD22.3 bn on medicines in 2020 and including spending by Governments, Non-government sources, and Individuals., as per findings released by Ken Research. The private health sector has led developments in the digital health industry over the last decade. However, federal, state, and territory government investments have increased significantly in recent years. The covid-19 pandemic, the 2019-2020 bushfires, the Royal Commission into Aged Care Quality and Safety, and the Productivity Commission’s Mental Health report have all accelerated investment in digital health and increased coordination among government and private sector participants. Click to Read Full Article: Australia Pharmacy Retail Market 1. Problem of Overweight & Obese, Chronic Conditions & Hypertension recorded maximum number of patients in Australia. 2/3rd of the of adults in Australia i.e. ~68% which is ~17 Mn were overweight or obese in 2020, an increase from 63% in year 2014-15. Additionally, ~25% of children were overweight or obese in Australia. However, the rates were similar for boys & girls & this has remained stable over the last ten years. Moreover, ~47% of Australians had one or more chronic conditions in 2020. Furthermore, prevalence of chronic conditions increased from around 42% in 2008. All this affects the pharmacy retail chains in the country and increases there revenue share in the market as more and more people rely on medicine to cure their diseases. 2. 90% of the Pharmaceutical Products/ Medicines are Imported in Australia. To learn more about this report Download a Free Sample Report Australia imports 90 per cent of its medicines, with around one-third of Australians reliant on daily prescriptions. Additionally, Australians spent an estimated >AUD22.3 bn on medicines in 2020 (including both prescribed & over-the-counter) and includes spending by Governments, Non-government sources and Individuals. Every year a number of new medicines are listed on the PBS. These medicines affect both the average price paid by the government and the volume of medicines dispensed/consumed impacting overall PBS expenditure. 3. ~87% of the Pharmacies in Australia have adopted Latest Updated Pharmacy Information Software Solutions at their Stores. Visit this Link: – Request for custom report Pharmacy management systems streamline the workflows for drug dispensing, medical claims management, and patient medication adherence. Pharmacy employees use these tools to optimize operational efficiency, leverage actionable data points, and reduce costs, compliance risks, and errors. ~10%-15% Pharmacies in Australia require Pharmacy Information Software Solutions. Moreover, ~5,000 Pharmacies Registered with My Health Record Platform & Pharmacies are actually Using Platform/ Pharmacy Software in the country. 4. Prescribed Medicines dominate the Market with 60.0% share in terms of Revenue due to Higher Prices associated with the Prescribed Medicines. Request free 30 minutes analyst call Medicines are primarily prescribed by medical practitioners (GPs and referred medical specialists), however certain other types of health practitioners (dentists, optometrists, nurse practitioners and midwives) can also prescribe medicines. Medicines used to treat cardiovascular conditions account for the highest volume of PBS and RPBS prescriptions compared with other ATC groups between 2015–16 and 2020–21. The pandemic impact on consumer access to prescription medicines was most noticeable in March and April 2020. In March, there was an increase in the number of prescriptions dispensed in 2020 (31.0 million), compared with 2019 (25.2 million). Innovations in Healthcare Service Packages and the adoption of telemedicine services through their apps will drive the Retail Pharmacy Market in Australia. Pharmacies will not only offer medicines, but will also expand their offerings to include cosmetics and online consultations, as well as 24/7 service, in order to compete in the long run. In addition, they will focus on collaborations with Teleconsultation Companies to expand their service portfolio. In the future, larger pharmacies will acquire smaller pharmacies in order to expand across the country. Tags: Advantage Pharmacy Revenue, Amcal Pharmacy retail Market Share, Australia Community Pharmacies, Australia Competitors online drugstore, Australia Discount Pharmacies market, Australia Drugstore Industry, Australia e-pharmacy Industry Revenue, Australia E-Pharmacy Market, Australia Generics drugs industry, Australia Healthcare services Industry, Australia healthcare services Lenders, Australia Hospital Pharmacies chain, Australia Leading Players e-pharmacy Market, Australia mail order pharmacy industry, Australia Medical Equipment Market, Australia Non-Pharmaceutical Products market share, Australia online drugstore customer base, Australia Online Drugstore Industry, Australia Over-The-Counter Market, Australia Pharmaceutical retail industry outlook, Australia Pharmacy Chain Market, Australia Pharmacy Retail Market, Australia Pharmacy retail Trends, Australia Pharmacy Services Sector Outlook, Australia retail pharmacy Customer Base, Australia retail pharmacy Sector Outlook, Australia Therapeutic Pharmacy retail, Blooms the Chemist Market share, Challenges e-pharmacy sector Australia, Chemist Warehouse revenue, Direct Chemist Outlet share, Discount Drug Store Market Share, e-pharmacy players Australia retail pharmacy Market, eClinicalWorks, Emerging Players in Pharmacy Information System Software Companies, Funds Raised Startups Online drugstore Australia, Guardian Pharmacy revenue stream, Healthsave Pharmacy market share, Investment pharmacy retail Australia, Leading pharmacy Service Providers Australia, LLC industry share, Major PIS Software Companies, National Pharmacies online Market Share, Number of Community pharmacies Australia, Number of Discount Pharmacies Australia, Number of Hospital Pharmacies Australia, Number of online pharmacy stores Australia, Number of Pharmacy Retail Australia, Online Pharmacy marketing spend Australia, Online Pharmacy players Australia, Opportunities online drugstore Australia, Patented Drugs industry Australia, Pharmacy777 PIS revenue share, Pharmasave Market share, Prescribed Drugs Industry Australia, Priceline Pharmacy Market Share, Star Pharmacy revenue stream, Terrywhite Chemmart Market Share, Top 5 Funded e-pharmacy platforms Australia, Top Captive players retail pharmacy Industry