Kuwait Retail Pharmacy Market Overview
According to SPER Market Research, the Kuwait Retail Pharmacy Market is estimated to reach USD XX billion by 2032 with a CAGR of 7.94%.
Due to the rising prevalence of diseases like obesity, infectious diseases, and chronic illnesses like cancer in the nation, as well as the rise in pharmaceutical imports, the Kuwaiti retail pharmacy market is in its early stages of development and has grown at a positive single digit CAGR during the forecast period. It has been noted that during the review period, the trend towards preventive healthcare increased in tandem with an increase in healthcare awareness, supporting the growth of the cosmetics and food supplement sectors in addition to the OTC segment. Additionally, the retail pharmacy market has benefited from an increase in demand for vitamins and supplements, weight loss formulations, and smoking cessation aids. On the other hand, the expansion of the healthcare industry has led to the proliferation of both independent and chain pharmacies across the nation.
Throughout the forecast period, the Kuwait pharmacy retail market is anticipated to expand at a positive single digit CAGR. Kuwait's improved healthcare infrastructure, including an increase in the number of hospitals, pharmacy clusters, and primary care clinics, will be a major driver of the retail pharmacy business. Moreover, Kuwait's retail pharmacy industry will continue to expand due to the high prevalence of contagious diseases, the broad availability of generic pharmaceuticals, the rise in purchasing power, the affordability of healthcare items, and the expanding over-the-counter drug market.
Impact of COVID-19 on the Kuwait Retail Pharmacy Market
The government has been compelled by COVID-19 to enact stringent social segregation laws. These actions have deeper repercussions for the future in addition to changing the way things are now. Except for supermarket and pharmacy, all retail operations were impacted by the lockdown. People's perspectives have changed dramatically as a result of the Covid-19 outbreak, and a growing number of individuals now understand that prevention is always preferable to treatment. So, as more and more people adopt a health-conscious mentality, the market for health and wellness products is now growing even faster due to higher levels of disposable income. Regarding the retail pharmacy sector, all these recent changes in lifestyle and health beliefs appear to be making the local pharmacy a reliable partner for clients. Pharmacy services can be accessed over the phone, through chat services, delivery service applications, or even just by physically visiting the store. In addition to these more recent digital technologies, pharmacies have made use of partnerships with medical facilities or doctors to expand their Radius of Influence (ROI). The ability of pharmacists to serve a certain radius has been made possible by digital technology, and the change that this has brought about is evident.
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Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Type of Pharmacy, By Type of Drugs, By Revenue Split, By Type of Sales Channel
|
| Regions covered | Al Ahmadi, Al Asimah, Al Farwaniyah, Hawalli, Jahra, Mubarak Al Kabeer, Others
|
| Companies Covered | Al-Hajery, Ali-Abdulwahab AI-Mutawa, Aster, Boots Pharmacy, Dowa, PharmaTee, Pharmazone, Royal Pharmacy, YIACO
|
Target Audience:
- Health Care Associations
- Hospitals
- Pharmaceutical Distributors
- Pharmaceutical Manufacturers
- Pharmacy Chains
Kuwait Retail Pharmacy Market Segmentation:
1. By Type of Pharmacy:
- Clinic Based Pharmacies
- Independent Pharmacies and Hospital
- Pharmacy Chains
2. By Type of Drugs:
- Cosmetics
- Food Supplements and Drugs
3. By Revenue Split:
- KD 500 to KD 2,000
- KD 2,000 to KD 4,000
- KD 5,000 To KD 10,000
4. By Type of Sales Channel:5. By Region:
- Al Ahmadi
- Al Asimah
- Al Farwaniyah
- Hawalli
- Jahra
- Mubarak Al Kabeer
- Others
Key Topics Covered in the Report:
- Size of Kuwait Retail Pharmacy Market (FY’2019-FY’2032)
- Overview of Kuwait Retail Pharmacy Market
- Segmentation of Kuwait Retail Pharmacy Market By Type of Pharmacy (Clinic Based Pharmacies, Independent Pharmacies and Hospital, Pharmacy Chains)
- Segmentation of Kuwait Retail Pharmacy Market By Type of Drugs (Cosmetics, Food Supplements and Drugs)
- Segmentation of Kuwait Retail Pharmacy Market By Revenue Split (KD 500 to KD 2,000, KD 2,000 to KD 4,000, KD 5,000 To KD 10,000)
- Segmentation of Kuwait Retail Pharmacy Market By Type of Sales Channel (Offline, Online)
- Statistical Snap of Kuwait Retail Pharmacy Market
- Kuwait Retail Pharmacy Market Growth Analysis
- Problems and Challenges in Kuwait Retail Pharmacy Market
- Kuwait Retail Pharmacy Market Competitive Landscape
- Impact of COVID-19 and Demonetization on Kuwait Retail Pharmacy Market
- Details on Recent Investment in Kuwait Retail Pharmacy Market
- Competitive Analysis of Kuwait Retail Pharmacy Market
- Major Players in the Kuwait Retail Pharmacy Market
- SWOT Analysis of Kuwait Retail Pharmacy Market
- Kuwait Retail Pharmacy Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Kuwait Retail Pharmacy Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Kuwait Retail Pharmacy Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Kuwait Retail Pharmacy Market
7. Kuwait Retail Pharmacy Market, By Type of Pharmacy, 2019-2032 (USD Million)
7.1 Clinic Based Pharmacies
7.2 Independent Pharmacies and Hospital
7.3 Pharmacy Chains
8. Kuwait Retail Pharmacy Market, By Type of Drugs, 2019-2032 (USD Million)
8.1 Cosmetics
8.2 Food Supplements and Drugs
9. Kuwait Retail Pharmacy Market, By Revenue Split, 2019-2032 (USD Million)
9.1 KD 500 to KD 2,000
9.2 KD 2,000 to KD 4,000
9.3 KD 5,000 To KD 10,000
10. Kuwait Retail Pharmacy Market, By Type of Sales Channel, 2019-2032 (USD Million)
10.1 Offline
10.2 Online
11. Kuwait Retail Pharmacy Market, By Region, 2019-2032 (USD Million)
11.1 Kuwait Retail Pharmacy Size and Market Share by Region (2019-2025)
11.2 Kuwait Retail Pharmacy Size and Market Share by Region (2026-2032)
11.1 Al Ahmadi
11.2 Al Asimah
11.3 Al Farwaniyah
11.4 Hawalli
11.5 Jahra
11.6 Mubarak Al Kabeer
11.7 Others
12. Company Profiles
12.1 Al-Hajery
12.1.1 Company details
12.1.2 Financial outlook
12.1.3 Product summary
12.1.4 Recent developments
12.2 Ali-Abdulwahab AI-Mutawa
12.2.1 Company details
12.2.2 Financial outlook
12.2.3 Product summary
12.2.4 Recent developments
12.3 Aster
12.3.1 Company details
12.3.2 Financial outlook
12.3.3 Product summary
12.3.4 Recent developments
12.4 Boots Pharmacy
12.4.1 Company details
12.4.2 Financial outlook
12.4.3 Product summary
12.4.4 Recent developments
12.5 Dowa
12.5.1 Company details
12.5.2 Financial outlook
12.5.3 Product summary
12.5.4 Recent developments
12.6 PharmaTee
12.6.1 Company details
12.6.2 Financial outlook
12.6.3 Product summary
12.6.4 Recent developments
12.7 Pharmazone
12.7.1 Company details
12.7.2 Financial outlook
12.7.3 Product summary
12.7.4 Recent developments
12.8 Royal Pharmacy
12.8.1 Company details
12.8.2 Financial outlook
12.8.3 Product summary
12.8.4 Recent developments
12.9 YIACO
12.9.1 Company details
12.9.2 Financial outlook
12.9.3 Product summary
12.9.4 Recent developments
13. List of Abbreviations
14. Reference Links
15. Conclusion
16. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
