A bitter pill: Strong competition and regulatory hurdles constrain industry growth

The Online Pharmaceutical Sales market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.


Industry Analysis & Industry Trends

Significant changes in the overall pharmaceuticals sector have strongly affected the Online Pharmaceutical Sales industry’s performance over the past five years. Fundamental changes to the Pharmaceutical Benefits Scheme (PBS) and the rise of generic products have pushed prices down. Pharmaceutical manufacturers, wholesalers and retailers have also been adopting new business models, stimulating change in the sector.

Over the past five years, the general Pharmacies industry has become increasingly polarised between traditional full-service pharmacies and new high-volume, low-margin big-box pharmacies. However, online pharmacies cannot effectively compete with either of these models...

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What is the Online Pharmaceutical Sales industry?

The Online Pharmaceutical Sales industry exhibits a medium level of capital intensity. Industry operations require significant labour input for dispensing pharmaceutical products, liaising with customers and coordinating stock. As a result, IBISWorld expects that for every dollar paid as wages, $0.15 is required for capital investment.

Capital intensity has increased over the past five years as the industry has adopted increasingly advanced technology. New server hardware, computer software, security software systems and advanced IT equipment has been a necessity for industry players to securely process and store sensitive customer information. Ove...

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Products & Brands

Major products in this industry
Non-prescription medicines
Cosmetics and fragrances
Vitamins and supplements
Personal care items
Prescription medicines
Other products

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
Major Markets

Globalisation & Trade

Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry

Major Companies

Operating Conditions

Capital Intensity

Key Statistics

Industry Data
Annual Change
Key Ratios

Jargon & Glossary

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