Overview

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

IBISWorld’s Pharmacies market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

REPORT SNAPSHOT

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 Locations Chapter

The geographic distribution of the Pharmacies industry reflects the nation's economic, social and demographic breakdown. As at June 2016, the three eastern seaboard states accounted for 76.7% of total section 90 approved pharmacies and friendly society numbers, with similar proportions expected in 2016-17. Similar proportions were also in place five years earlier, with the three eastern seaboard states accounting for 77.3% of pharmacy numbers. These three states also account for a similar proportion of employed community pharmacists.

The largest growth in industry enterprises has occurred in Victoria. Dat..

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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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