Aspirin for more: Changing business models are forecast to support revenue growth

IBISWorld’s Pharmacies market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.


Industry Analysis & Industry Trends

The Pharmacies industry plays an important role in community primary health care. Retail pharmacies are the primary distribution points for prescription and scheduled over-the-counter medicines. According to estimates by the Department of Health, Australian pharmacies are expected to dispense approximately 300 million PBS prescriptions in 2016-17. The traditional community pharmacy sector has undergone significant shifts over the past decade. Intensifying retail competition from new internal and external operators, such as discount pharmacies and supermarkets, has changed the industry's operating landscape. A growing number of operators have been relying on promotional discounting...

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Industry Report - Industry Analysis Chapter

The Australian Pharmacies industry has not fared especially well over the past five years, despite some favourable conditions driving underlying demand for pharmaceutical and medicinal products over the period. These conditions include an ageing population and rising health consciousness. Industry operators have been burdened by ongoing PBS regulatory reforms, which have reduced prices for prescription medicines, the industry’s largest product segment. In addition, both internal and external competition have put pressure on the industry. In response, industry operators have introduced new business models, which have included a growing focus on retail and non-PBS revenue streams.

Industry revenue is expected to increase at an annualised 0.7% o..

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Industry Products

What is the Pharmacies Industry?

The industry includes all community or retail pharmacies that sell prescription drugs and patent medicines to general consumers. The products are sourced either from pharmaceutical wholesalers or directly from upstream pharmaceutical manufacturers. Key pharmacy groups include independent community pharmacies, banner groups (both wholesaler-owned and independent), friendly societies, buying groups and discount pharmacies. Hospital pharmacies are not included in the industry.

Industry Products
Prescription medicines
Scheduled non-prescription medicines
General retail
Industry Activities
Drug retailing
Patent medicine retailing
Pharmacy retailing and operation
Prescription and medicinal dispensing

Table of Contents

About this Industry

Industry Definition
Main Activities
Similar Industries
Additional Resources

Industry at a Glance

Industry Performance

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

Products & Markets

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

Competitive Landscape

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
industry Globalisation

Major Companies

Operating Conditions

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

Key Statistics

Industry Data
Annual Change
Key Ratios

Jargon & Glossary

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