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Pharmacies in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Pharmacies Market Research Report | ANZSIC G4271a | Nov 2016

Bitter pill: Falling PBS prescription prices have constrained industry revenue growth

IBISWorld’s Pharmacies market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Industry Statistics & Market Size
Revenue
$16bn
Annual Growth 12-17
0.9%
Annual Growth 17-22
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Profit
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Employment
62,700
Businesses
4,041
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. In 2016-17, Australian pharmacies are expected to dispense approximately 300 million Pharmaceutical Benefits Scheme (PBS) prescriptions, according to estimates by the Department of Health. Over the past decade, the traditional community pharmacy sector has undergone significant shifts. Intensifying retail competition from new internal and external operators, such as discount pharmacies and supermarkets, have changed the industry's operating landscape, particularly as a growing number of operators rely on promotional discounting... purchase to read more

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 pharmacy 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. Data provided by the Pharmacy Guild of Australia shows that over the five years through 2014-15, an additional 422 pharmacies were established across the industry, 115 of which were located in Victoria... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Pharmacies Industry?

The industry includes all community 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.

Industry Products
Prescription medicinesScheduled non-prescription medicinesOther general retail productsCosmetics and beauty products
 
Industry Activities
Drug retailingPatent medicine retailingPharmacy retailing and operationPrescription and medicinal dispensing


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