Surging penetration of the chained pharma retail stores coupled with increasing amalgamation of value added services is driving the market for pharma retail in India
Date: 7 December 2015
According to recently published Azoth Analytics report “India Pharma Retail Market: Trends, Opportunities and Forecasts (2015-2020F) - (By Segment – Standalone & Chained, By Region, Customer Survey, Market Entry Strategy, Value Chain, Private Label Brands, Margins and Revenue Contribution)”, pharma retail market in India is forecast to grow at a CAGR of more than 14% during 2015 – 2020, on account of rising healthcare expenditure and increasing profiles of diseases coupled by increase in the government investment in the Pharma sector. Moreover, chained pharma retailers in India are increasingly introducing the private labels products which are backing enhanced profit margins of these players.
In addition, expansion plans and investments towards strengthening the foothold are also anticipated to boost the pharma retail market in the country during 2015-20. With a population of over 1.26 billion in 2014, India accounts for one of the largest consumer base in the world. Young population, which accounts for majority of the country’s workforce, are increasingly getting cognizant about the heath and various diseases. Though standalone market accounts for the largest segment in the country, rapid expansion and other ancillary feature have been inducing higher growth rate in the chained market.
In terms of market segment, market is categorized into standalone and chained. Region-wise, southern region of India dominated the pharma retail market in 2014, and the region is forecast to maintain its dominance through 2020. With the industry witnessing robust expansion plans by the chained players, it is anticipated that the chained market would exhibit higher CAGR in the forecast period as well. Introduction of private label brands and increasing foothold of the chained players in the country is anticipated to make the industry more competitive and dynamic.
The report “India Pharma Retail Market: Trends, Opportunities and Forecasts (2015-2020F) - (By Segment – Standalone & Chained, By Region, Customer Survey, Market Entry Strategy, Value Chain, Private Label Brands, Margins and Revenue Contribution)” has analyzed the potential of pharma retail market and provides statistics and information on market size, shares and trends. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with major drivers, challenges and opportunities in the India Pharma Retail market. Additionally, the report also highlights emergent market entry strategies for various companies across the globe. ...