Philippines Pharmacy Retail Market Growth, Share, Trends, Revenue and Forecast Analysis 2032
Philippines Pharmacy Retail Market Size- By Market Structure, By Type of Store Location, By Type of Sales, By Type of Drug, By Therapeutic Class- Regional Outlook, Competitive Strategies and Segment Forecast to 2032
| Published: Jan-2023 | Report ID: PHAR2301 | Pages: 1 - 107 | Formats*: |
| Category : Pharmaceutical | |||
Philippines Pharmacy Retail Market Overview
According to SPER Market Research, the Philippines Pharmacy Retail Market is estimated to reach USD XX billion by 2032 with a CAGR of XX%.
The Philippines Pharmacy Retail Market is a thriving sector, supported by rising generic drug demand and an increase in chain pharmacies. The market was home to a variety of drugstores, including Chinese drugstores and traditional medicine stores that have since been replaced by more contemporary pharmacies designed in the American manner. Big national chains are buying up local and small pharmacies in order to expand more quickly. Additionally, several chains have expanded their storefronts using the franchising concept. The excessive cost of pharmaceutical items has caused consumers to turn to the widely in-demand generic medications. In order to make public medications available to residents in remote regions, the government is redesigning the public medicine delivery system. The top five pharmacy chains in the US, measured by revenue share, are Mercury Drug Corporation, Watsons Personal Care Stores, South Star Drug Inc., The Generics Pharmacy, and Rose Pharmacy. The number of stores, product offers, variety of product categories, services, customer loyalty programme, private label products, and marketing and promotion are the main factors influencing the rivalry. Number of Stores, Pricing, In-Store Services, Customer Loyalty Programs, Product Variety, and Availability of Non-Pharmaceutical Products are the primary factors that determine chain competitiveness.
Impact of COVID-19 on the Philippines Pharmacy Retail Market
Due to the Covid 19 epidemic, the Philippines pharmacy retail market will see positive growth rather than revenue loss. However, because of the shutdown, some small pharmacies are anticipated to cease operations. The main chains are increasing their e-commerce businesses as they transition to an Omni Channel strategy. As part of their expansion plan, these chains will keep buying local chains and individual pharmacies. The majority of the new stores operating will concentrate on selling generic medications due to the increasing demand for them. The government has revised the Initiative to distribute medicines at discounted rates, especially focused on rural regions, in order to lower healthcare expenditures and make medications cheaper. The Covid Outbreak's improved health consciousness and rising need for maintenance medications will both fuel the market's expansion. Due to the cheap cost of generic medications, there will be a rise in market demand. Online pharmacies are still a new idea, but they are becoming more popular in the area.
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 Market Structure, By Type of Store Location, By Type of Sales, By Type of Drug, By Therapeutic Class |
| Regions covered | Luzon,Mindanao, Visayas, Other Parts of Philippines |
| Companies Covered | ApolloPlus Distributor, Doktors Generics Store, Generika Drugstores, HCT Academy, Iholdings, K2 Pharmacy, Lakpue Drug, Main Avenue Drug, MedGrocer, Mercury Drug Corporation, Metro Drug Store, Rose Pharmacy, SouthStar Drug Inc., The Generics Pharmacy, Unisell, Watsons Personal Care Stores, Wyeth Philippines |
Philippines Pharmacy Retail Market Segmentation:
1. By Market Structure:
- Organized Market
- Unorganized Market
2. By Type of Store Location:
- Hospital Based Pharmacy
- Standalone Pharmacy
3. By Type of Sales:
- Medical Equipment
- NonPharmaceutical Products
- OTC Products
- Prescribed Medicines
4. By Type of Drug:
- Generic
- Patented
5. By Therapeutic Class:
- Anti-Diabetic
- Anti-Infectives
- Cardiovascular
- Contraceptive
6. By Region:
- Luzon
- Mindanao
- Visayas
- Other Parts of Philippines
Key Topics Covered in the Report:
- Size of Philippines Pharmacy Retail Market (FY’2019-FY’2032)
- Overview of Philippines Pharmacy Retail Market
- Segmentation of Philippines Pharmacy Retail Market By Market Structure (Organized Market, Unorganized Market)
- Segmentation of Philippines Pharmacy Retail Market By Type of Store Location (Hospital Based Pharmacy, Standalone Pharmacy)
- Segmentation of Philippines Pharmacy Retail Market By Type of Sales (Medical Equipment, Non Pharmaceutical Products, OTC Products, Prescribed Medicines)
- Segmentation of Philippines Pharmacy Retail Market By Type of Drug (Generic, Patented)
- Segmentation of Philippines Pharmacy Retail Market By Therapeutic Class (Anti Diabetic, Anti-Invectives, Cardiovascular, Contraceptive, Dermatology, Gastro Intestinal, Gynecological, Neuro, Oncology, Ophthalmological, Pain/Analgesics, Respiratory, Vitamins/Minerals /Nutrients, Others)
- Statistical Snap of Philippines Pharmacy Retail Market
- Growth Analysis of Philippines Pharmacy Retail Market
- Problems and Challenges in Philippines Pharmacy Retail Market
- Competitive Landscape in the Philippines Pharmacy Retail Market
- Impact of COVID-19 and Demonetization on Philippines Pharmacy Retail Market
- Details on Recent Investment in Philippines Pharmacy Retail Market
- Competitive Analysis of Philippines Pharmacy Retail Market
- Major Players in the Philippines Pharmacy Retail Market
- SWOT Analysis of Philippines Pharmacy Retail Market
- Philippines Pharmacy Retail Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data2.1.2 Primary data2.1.3 SPER’s internal database2.1.4 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 Drivers4.1.2 Restraints4.1.3 Opportunities4.1.4 Challenges
4.2. COVID-19 Impacts of the Philippines Pharmacy Retail Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths5.1.2 Weaknesses5.1.3 Opportunities5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape5.2.2 Economic landscape5.2.3 Social landscape5.2.4 Technological landscape5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers5.3.2 Bargaining power of Buyers5.3.3 Threat of Substitute5.3.4 Threat of new entrant5.3.5 Competitive rivalry
5.4.Heat map analysis
6. Competitive Landscape
6.1. Philippines Pharmacy Retail Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Philippines Pharmacy Retail Market
7. Philippines Pharmacy Retail Market, By Market Structure, 2019-2032 (USD Million)
7.1. Organized Market7.2. Unorganized Market
8. Philippines Pharmacy Retail Market, By Type of Store Location, 2019-2032 (USD Million)
8.1. Hospital Based Pharmacy8.2. Standalone Pharmacy
9. Philippines Pharmacy Retail Market, By Type of Sales, 2019-2032 (USD Million)
9.1. Medical Equipment9.2. NonPharmaceutical Products9.3. OTC Products9.4. Prescribed Medicines
10. Philippines Pharmacy Retail Market, By Type of Drug, 2019-2032 (USD Million)
10.1. Generic10.2. Patented
11. Philippines Pharmacy Retail Market, By Therapeutic Class, 2019-2032 (USD Million)
11.1. Anti-Diabetic11.2. Anti-Infectives11.3. Cardiovascular11.4. Contraceptive11.5. Dermatology11.6. Gastro-Intestinal11.7. Gynecological11.8. Neuro11.9. Oncology11.10. Ophthalmological11.11. Pain/Analgesics11.12. Respiratory11.13. Vitamins/Minerals /Nutrients11.14. Others
12. Philippines Pharmacy Retail Market, By Region, 2019-2032 (USD Million)
12.1. Philippines Pharmacy Retail Size and Market Share by Region (2019-2025)12.2. Philippines Pharmacy Retail Size and Market Share by Region (2026-2032)12.3. Luzon12.4. Mindanao12.5. Visayas12.6. Other Parts of Philippines
13. Company Profiles
13.1. ApolloPlus Distributor
13.1.1. Company details13.1.2. Financial outlook13.1.3. Product summary13.1.4. Recent developments
13.2. Doktors Generics Store
13.2.1. Company details13.2.2. Financial outlook13.2.3. Product summary13.2.4. Recent developments
13.3. Generika Drugstores
13.3.1. Company details13.3.2. Financial outlook13.3.3. Product summary13.3.4. Recent developments
13.4. HCT Academy
13.4.1. Company details13.4.2. Financial outlook13.4.3. Product summary13.4.4. Recent developments
13.5. Iholdings
13.5.1. Company details13.5.2. Financial outlook13.5.3. Product summary13.5.4. Recent developments
13.6. K2 Pharmacy
13.6.1. Company details13.6.2. Financial outlook13.6.3. Product summary13.6.4. Recent developments
13.7. Lakpue Drug
13.7.1. Company details13.7.2. Financial outlook13.7.3. Product summary13.7.4. Recent developments
13.8. Main Avenue Drug
13.8.1. Company details13.8.2. Financial outlook13.8.3. Product summary13.8.4. Recent developments
13.9. MedGrocer
13.9.1. Company details13.9.2. Financial outlook13.9.3. Product summary13.9.4. Recent developments
13.10. Mercury Drug Corporation
13.10.1. Company details13.10.2. Financial outlook13.10.3. Product summary13.10.4. Recent developments
13.11. Metro Drug Store
13.11.1. Company details13.11.2. Financial outlook13.11.3. Product summary13.11.4. Recent developments
13.12. Rose Pharmacy
13.12.1. Company details13.12.2. Financial outlook13.12.3. Product summary13.12.4. Recent developments
13.13. SouthStar Drug Inc
13.13.1. Company details13.13.2. Financial outlook13.13.3. Product summary13.13.4. Recent developments
13.14. The Generics Pharmacy
13.14.1. Company details13.14.2. Financial outlook13.14.3. Product summary13.14.4. Recent developments
13.15. Unisell
13.15.1. Company details13.15.2. Financial outlook13.15.3. Product summary13.15.4. Recent developments
13.16. Watsons Personal Care Stores
13.16.1. Company details13.16.2. Financial outlook13.16.3. Product summary13.16.4. Recent developments
13.17. Wyeth Philippines
13.17.1. Company details13.17.2. Financial outlook13.17.3. Product summary13.17.4. Recent developments
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. 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.
Frequently Asked Questions About This Report
The Philippines Pharmacy Retail Market is projected to reach USD XX billion by 2032, growing at a CAGR of XX% during the forecast period.
The Philippines Pharmacy Retail Market grew in market size from 2021. The Market is expected to reach USD XX billion by 2032, at a CAGR of XX% during the forecast period.
The Philippines Pharmacy Retail Market CAGR of XX% during the forecast period.
You can get the sample pages by clicking the link -Click Here
The Philippines Pharmacy Retail Market size is USD XX billion from 2022 to 2032.
The Philippines Pharmacy Retail Market segment is Covered By Market Structure, By Type of Store Location, By Type of Sales, By Type of Drug, By Therapeutic Class.
The Asia Pacific region is anticipated to have the highest market share in the Philippines Pharmacy Retail Market.
The key players in the market include Companies Covered ApolloPlus Distributor, Doktors Generics Store, Generika Drugstores, HCT Academy, Iholdings, K2 Pharmacy, Lakpue Drug, Main Avenue Drug, MedGrocer, Mercury Drug Corporation, Metro Drug Store, Rose Pharmacy, SouthStar Drug Inc., The Generics Pharmacy, Unisell, Watsons Personal Care Stores, Wyeth Philippines.
The Generics Pharmacy, and Rose Pharmacy. The number of stores, product offers, variety of product categories, services, customer loyalty programme, private label products, and marketing and promotion are the main factors influencing the rivalry. Number of Stores, Pricing, In-Store Services, Customer Loyalty Programs, Product Variety, and Availability of Non-Pharmaceutical Products are the primary factors that determine chain competitiveness.
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