Malaysia Pharmacy Retail Market Introduction and Overview
According to SPER Market Research, the Malaysia Pharmacy Retail Market is estimated to reach USD XX billion by 2033 with CAGR of XX%.
The report includes an in-depth analysis of the Malaysia Pharmacy Retail Market, including market size and trends, product mix, applications, and supplier analysis. The retail pharmacy industry is defined as the business of owning or running places where customers can get their prescriptions filled. These places may include pharmacies, general stores, hospitals, long-term care facilities, mail order and specialty businesses, and any future locations where customers can get prescriptions filled and drugs sold.
- May 2019: In May 2019, the Malaysian Cabinet implemented the External Reference Pricing policy to benchmark drug prices at the wholesale and retail levels, with the goal of saving customers' expenditures. On the other hand, the policy decreased trading margins for pharmaceuticals in the nation and had a domino effect on all pharmacy players operating there.
Market Opportunities and Challenges
Malaysia's population is expanding, as is the percentage of old people living there. The aging population frequently increases the need for healthcare services and pharmaceutical items, which fuels demand in the retail pharmacy industry. The need for healthcare goods and services is rising as people become more cognizant of their health and the diseases linked to their lifestyle. This covers vitamins, over-the-counter drugs, and wellness items. The retail pharmacy sector may see growth from government programs targeted at enhancing accessibility and infrastructure in the healthcare industry. The industry may benefit from policies that support the distribution of pharmaceuticals and healthcare services. The growth of e-commerce presents opportunities for pharmacies to expand their reach through online platforms. Online sales of pharmaceuticals, health products, and telemedicine services can be a significant area of opportunity.
It can be difficult for pharmacy retailers to adjust to new compliance requirements when laws pertaining to the pharmaceutical and healthcare industries change on a regular basis. Government rules governing prescription drug prices and margins may have an effect on pharmacy businesses' profitability. Price regulations may make it more difficult for pharmacies to maintain adequate profit margins or set competitive rates. The retail pharmacy industry is very competitive, which can result in price wars and lower profitability. The competitive situation is further heightened by the existence of both domestic and foreign pharmacy chains. The public's confidence in the pharmaceutical industry may be weakened by the problem of fake medications. Retailers of pharmaceuticals must put in place reliable procedures to guarantee the legitimacy and security of the goods they offer.
Market Competitive Landscape
With more than thirty-five organized chain brands present in practically every Malaysian region, the sector is tremendously competitive. A number of pharmacy stores, geographic presence, brand recognition, partnerships with telemedicine and e-prescription providers, product portfolio, online delivery, and various other value-added services are among the characteristics used by industry competitors to compete. Some of major players are Watsons Malaysia, Guardian Pharmacy, Caring Pharmacy, Alpro Pharmacy, Healthlane Pharmacy, Multicare Pharmacy, AM PM Pharmacy, Cosway Farmasi, Aeon Wellness, AA Pharmacy and various others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Product Sales, By Sales, By Market Structure, By Therapeutic Areas, By Location
|
| Regions covered | Johor, Kuala Lumpur, Sarawak, Selangor and Others
|
| Companies Covered | Watsons Malaysia, Guardian Pharmacy, Caring Pharmacy, Alpro Pharmacy, Healthlane Pharmacy, Multicare Pharmacy, AM PM Pharmacy, Cosway Farmasi, Aeon Wellness, AA Pharmacy and various others.
|
COVID-19 Impact on Malaysia Pharmacy Retail Market
The Covid-19 epidemic increased consumer demand for over-the-counter drugs, vitamins, supplements, and hygiene supplies. Pharmacies saw a rise in revenue as a result of consumers' greater attention to health and wellbeing. There might have been a noticeable rise in the number of pharmaceutical and healthcare product purchases made online as a result of the implementation of movement restrictions and social distancing measures. During this time, pharmacy stores may have experienced success if they quickly adjusted to e-commerce trends. The pandemic's effects on the world's supply chains may have had an impact on the accessibility of some medicinal items. Pharmacy merchants' inventory management may have been impacted by supply chain delays or shortages. Various standards and laws were developed by governments across the globe, including Malaysia, to control the virus's spread.
Key Target Audience:
- Pharmaceutical Manufacturing Companies
- Pharmacy Retail Companies
- Independent Pharmacies
- Industry Associations
- Regulatory Bodies
- Telemedicine Companies
- Pharmaceutical Distributors & Wholesalers
Our in-depth analysis of the Malaysia Pharmacy Retail Market includes the following segments:
|
By Product Sales: |
Medical Equipments
Non Pharmaceutical Products
Over-The-Counter
Prescribed Drugs
|
|
By Sales: |
Patented Drugs
Generics
|
|
By Market Structure: |
Organized
Organized High Street Stores
Organized Mall Based
Unorganized
Unorganized High Street
Unorganized Mall Based
|
|
By Therapeutic Areas: |
Antibiotic
Anti-Infective
Cardiovascular
Gastro Intestinal
Gynaecology
|
|
By Location: |
High Street
Mall Based
Medical Equipments
Non Pharmaceutical Products
Over-The-Counter
Prescribed Drugs
|
Key Topics Covered in the Report:
- Malaysia Pharmacy Retail Market Size (FY’2023-FY’2033)
- Overview of Malaysia Pharmacy Retail Market
- Segmentation of Malaysia Pharmacy Retail Market By Product Sales (Medical Equipments, Non Pharmaceutical Products, Over-The-Counter, Prescribed Drugs)
- Segmentation of Malaysia Pharmacy Retail Market By Sales (Patented Drugs, Generics)
- Segmentation of Malaysia Pharmacy Retail Market By Market Structure ( Organized High Street Stores, Organized Mall Based, Unorganized High Street, Unorganized Mall Based)
- Segmentation of Malaysia Pharmacy Retail Market By Therapeutic Areas (Antibiotic, Anti-Infective, Cardiovascular, Gastro Intestinal, Gynaecology, Neuro, Pain/Analgesics, Respiratory, Vitamins/Minerals/Nutrients, Others)
- Segmentation of Malaysia Pharmacy Retail Market By Location (High Street, Mall Based, Medical Equipments, Non Pharmaceutical Products, Over-The-Counter, Prescribed Drugs)
- Statistical Snap of Malaysia Pharmacy Retail Market
- Expansion Analysis of Malaysia Pharmacy Retail Market
- Problems and Obstacles in Malaysia Pharmacy Retail Market
- Competitive Landscape in the Malaysia Pharmacy Retail Market
- Impact of COVID-19 and Demonetization on Malaysia Pharmacy Retail Market
- Details on Current Investment in Malaysia Pharmacy Retail Market
- Competitive Analysis of Malaysia Pharmacy Retail Market
- Prominent Players in the Malaysia Pharmacy Retail Market
- SWOT Analysis of Malaysia Pharmacy Retail Market
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 Malaysia Pharmacy Retail Market
5. Market variable 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
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. Malaysia Pharmacy Retail Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Malaysia Pharmacy Retail Market
7. Malaysia Pharmacy Retail Market, By Product Sales (USD Million)
7.1. Malaysia Pharmacy Retail Market Value Share and Forecast, By Product Sales, 2023-2033
7.2. Medical Equipments
7.3. Non Pharmaceutical Products
7.4. Over-The-Counter
7.5. Prescribed Drugs
8. Malaysia Pharmacy Retail Market, By Sales (USD Million)
8.1. Malaysia Pharmacy Retail Market Value Share and Forecast, By Product Sales, 2023-2033
8.2. Patented Drugs
8.3. Generics
9. Malaysia Pharmacy Retail Market, By Market Structure (USD Million)
9.1. Malaysia Pharmacy Retail Market Value Share and Forecast, By Market Structure, 2023-2033
9.2. Organized
9.2.1. Organized High Street Stores
9.2.2. Organized Mall Based
9.3. Unorganized
9.3.1. Unorganized High Street
9.3.2. Unorganized Mall Based
10. Malaysia Pharmacy Retail Market, By Therapeutic Areas (USD Million)
10.1. Malaysia Pharmacy Retail Market Value Share and Forecast, By Therapeutic Areas , 2023-2033
10.2. Antibiotic
10.3. Anti-Infective
10.4. Cardiovascular
10.5. Gastro Intestinal
10.6. Gynaecology
10.7. Neuro
10.8. Pain/Analgesics
10.9. Respiratory
10.10. Vitamins/Minerals/Nutrients
10.11. Others
11. Malaysia Pharmacy Retail Market, By Location (USD Million)
11.1. Malaysia Pharmacy Retail Market Value Share and Forecast, By Location, 2023-2033
11.2. High Street
11.3. Mall Based
11.4. Medical Equipments
11.5. Non Pharmaceutical Products
11.6. Over-The-Counter
11.7. Prescribed Drugs
12. Malaysia Pharmacy Retail Market Forecast, 2019-2033 (USD Million)
12.1. Malaysia Pharmacy Retail Market Size and Market Share
13. Malaysia Pharmacy Retail Market, By Product Sales, 2019-2033 (USD Million)
13.1. Malaysia Pharmacy Retail Market Size and Market Share By Product Sales (2019-2026)
13.2. Malaysia Pharmacy Retail Market Size and Market Share By Product Sales (2027-2033)
14. Malaysia Pharmacy Retail Market, By Sales, 2019-2033 (USD Million)
14.1. Malaysia Pharmacy Retail Market Size and Market Share By Sales (2019-2026)
14.2. Malaysia Pharmacy Retail Market Size and Market Share By Sales (2027-2033)
15. Malaysia Pharmacy Retail Market, By Market Structure, 2019-2033 (USD Million)
15.1. Malaysia Pharmacy Retail Market Size and Market Share By Market Structure (2019-2026)
15.2. Malaysia Pharmacy Retail Market Size and Market Share By Market Structure (2027-2033)
16. Malaysia Pharmacy Retail Market, By Therapeutic Areas, 2019-2033 (USD Million)
16.1. Malaysia Pharmacy Retail Market Size and Market Share By Therapeutic Areas (2019-2026)
16.2. Malaysia Pharmacy Retail Market Size and Market Share By Therapeutic Areas (2027-2033)
17. Malaysia Pharmacy Retail Market, By Location, 2019-2033 (USD Million)
17.1. Malaysia Pharmacy Retail Market Size and Market Share By Location (2019-2026)
17.2. Malaysia Pharmacy Retail Market Size and Market Share By Location (2027-2033)
18. Malaysia Pharmacy Retail Market, By Region, 2019-2033 (USD Million)
18.1. Malaysia Pharmacy Retail Market Size and Market Share By Region (2019-2026)
18.2. Malaysia Pharmacy Retail Market Size and Market Share By Region (2027-2033)
18.2.1. Johor
18.2.2. Kuala Lumpur
18.2.3. Sarawak
18.2.4. Selangor
18.2.5. Others
19. Company Profile
19.1. AA Pharmacy
19.1.1. Company details
19.1.2. Financial outlook
19.1.3. Product summary
19.1.4. Recent developments
19.2. AM PM Pharmacy
19.2.1. Company details
19.2.2. Financial outlook
19.2.3. Product summary
19.2.4. Recent developments
19.3. Aeon Wellness
19.3.1. Company details
19.3.2. Financial outlook
19.3.3. Product summary
19.3.4. Recent developments
19.4. Alpro Pharmacy
19.4.1. Company details
19.4.2. Financial outlook
19.4.3. Product summary
19.4.4. Recent developments
19.5. Caring Pharmacy
19.5.1. Company details
19.5.2. Financial outlook
19.5.3. Product summary
19.5.4. Recent developments
19.6. Healthlane Pharmacy
19.6.1. Company details
19.6.2. Financial outlook
19.6.3. Product summary
19.6.4. Recent developments
19.7. Guardian Pharmacy
19.7.1. Company details
19.7.2. Financial outlook
19.7.3. Product summary
19.7.4. Recent developments
19.8. Multicare Pharmacy
19.8.1. Company details
19.8.2. Financial outlook
19.8.3. Product summary
19.8.4. Recent developments
15.20 Others
16 List of Abbreviations
17 Reference Links
18 Conclusion
19 Research Scope