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The Pharmacy Retail Market in India (2018-2023) - ResearchAndMarkets.com

November 19, 2018

DUBLIN--(BUSINESS WIRE)--Nov 19, 2018--The “Pharmacy Retail Market in India (2018-2023)” report has been added to ResearchAndMarkets.com’s offering.

Advent of online pharmacy and the emergence of Ayurvedic product retailers in the Indian market is helping the market expand rapidly. Looking at the potential of this segment, several offline retailers too have started online stores in order to increase revenue.

Growing health awareness among consumers and knowledge of the additional services offered by organized players shall result in a gradual shift from unorganized pharmacies towards modern pharmacy retail outlets.

Key Growth Factors

Enhancement in medical infrastructure, growth in the number of middle class households and increased penetration of health insurance highly impact the growth of the domestic pharmaceuticals sector. Stress, sedentary lifestyles and unhealthy food habits are the most common reasons for the increase in number of patients who suffer from lifestyle-based ailments. This will regulate medication on an ongoing basis, which in turn will make prescription-based medicines mandatory that will help in the expansion of the pharmacy retail market in India.

Threats

Pharmacy retailing is a capital intensive business proposition and its set-up involves strategic location of outlets and the margin is fixed based on the government’s stipulated prices.

Companies Profiled

Apollo Pharmacy Private Limited Emami Frank Ross Limited Global Healthline Private Limited Guardian Lifecare Private Limited MedPlus Health Services Private Limited Muthu Pharmacy Private Limited Netmeds Marketplace Limited RWL Healthworld Limited The Himalaya Drug Company Private Limited Trust Chemists and Druggists Limited

Key Topics Covered

Chapter 1. Executive Summary

Chapter 2. Socio-Economic Indicators

Chapter 3. Introduction

Chapter 4. Pharmacy Retail Market - Overview

Chapter 5. Key Growth Drivers of the Market

Chapter 6. Key Deterrents to the Growth of the Market

Chapter 7. Market Trends

Chapter 8. Competitive Landscape

Chapter 9. Recent Developments

For more information about this report visit https://www.researchandmarkets.com/research/dkfzrx/the_pharmacy?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20181119005846/en/

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Related Topics:Drugstores and Pharmacies

KEYWORD: ASIA PACIFIC INDIA

INDUSTRY KEYWORD: HEALTH PHARMACEUTICAL RETAIL OTHER RETAIL

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 11/19/2018 04:17 PM/DISC: 11/19/2018 04:17 PM

http://www.businesswire.com/news/home/20181119005846/en

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