Preview

Pharmacy Retail Market in India 2014

Good Essays
Open Document
Open Document
425 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Pharmacy Retail Market in India 2014
Netscribes latest market research report titled Pharmacy Retail Market in India 2014 elaborates the changing role of pharmacy outlets and the gradual transition of the industry as a whole towards an organized format. At present, pharmacy retail industry in India is largely fragmented and unorganized. Most organized players operate regionally. The market is sustainable and is projected to attain considerable growth based on the already existing varied disease profile as well as the emergence of newer diseases and the fact that the growing domestic population is being affected by such diseases.

For more details on the content of each report and ordering information please contact:

Phone: +91 22 4098 7600
E-Mail: customerservice@researchonglobalmarkets.com

Related Link: http://www.researchonindia.com/pharmacy-retail-market-in-india-2014.html

Although the pharmacy sector in India is highly regulated, yet it tends to suffer from the circulation of sub-standard and counterfeit drugs that hampers the retail segment of the business. Measures are being taken by the pharmacy regulatory bodies to control the threat as it drastically hampers revenue generation. The government is also taking major initiatives to provide medicines at subsidized rates as well as engage in teleconsultation services and distribution of medicines in the rural belt. A variety of value added services are being incorporated by the organized players to gain a larger market share and various initiatives are being taken to build brand loyalty among customers. To sum up, the pharmacy retail segment comprises a stable market that has strong growth potential in the upcoming years.

Coverage
Overview of pharmacy retail market in India and forecasted market size data over 2013 to 2018
Market segmentation of healthcare industry as a whole
Pharmacy retail industry qualitative analysis of market drivers, challenges, information technology (IT) adoption and trends
Overview of the role of
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Good Essays

    General Nutrition Center Case Study
    • 1293 Words
    • 6 Pages

    General Nutrition Center Case Study

    There was a growth of 2% in the sales of retail drug industry of the US. This is because; the retail segment has been growing at a steady pace for the last few years due to the positioning of healthcare products and services in the market (Redman, 2011). The positioning of drug stores in the market is well organized due to the presence of low average ticket, convenient locations, inflation, and flow of pharmacy traffic.…

    • 1293 Words
    • 6 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    David Neu
    • 156 Words
    • 1 Page

    David Neu

    David Neu, Executive Vice President of Retail Strategy and President of Good Neighbor Pharmacy recently interviewed with Inside Patient Care: Pharmacy & Clinics. In his interview, David Neu covered various topics from his background at Good Neighbor Pharmacy to new service offering being introduced in pharmacies, such as mobile applications where patients can set refill reminders to let them know when to take their medicine and even refill their prescriptions, to pharmacies trends, such as pressure for reimbursement, which they provide assistance with by providing medication prices, changes in consumers towards a more electronic environment and reasonable growth. Neu says that right now, there are probably as many closures as there is opening…

    • 156 Words
    • 1 Page
    Satisfactory Essays
    Read More
  • Powerful Essays

    Ego Executive Report
    • 3226 Words
    • 13 Pages

    Ego Executive Report

    Greene, W. (2007), “The emergence of India’s pharmaceutical industry and implications for the US Generic Drug Market”, US International Trade Commission.…

    • 3226 Words
    • 13 Pages
    Powerful Essays
    Read More
  • Good Essays

    Retail Pharmacies
    • 4248 Words
    • 17 Pages

    Retail Pharmacies

    The pharmacy trade in the country generates an estimated business of Rs. 32,000 crore, apart from about Rs. 18,000 added by hospital pharmacies and exports. Almost all the chemists beside selling allopathic medicines also offer OTC and alternate medicines, surgicals, rehabilitation aids and bodycare products like soaps, tooth pastes, hair oils, shampoos, cleansing lotions and neutraceuticals, among others, for sale which according to rough estimates generate an additional turnover of about Rs. 15,000 crore.…

    • 4248 Words
    • 17 Pages
    Good Essays
    Read More
  • Good Essays

    Rise of India's Drug Industry
    • 860 Words
    • 4 Pages

    Rise of India's Drug Industry

    There are number of factors that have contributed towards this phenomenal growth in the drug industry. The initial event that initiated the growth was India’s agreement with WTO which gave protection to intellectual property rights and assurance to international investors. Also, there are several internal factors within India which have successfully contributed to the growth of the industry. Similar to China, India has comparative advantage in manufacturing and packaging which encouraged Western companies to outsource in India. The comparative advantage has been gained due to abundance of educated work force, low wage rates and the wide spread use of English as a business language. This latter factor, the wide use of English language is one of the main reasons why Western companies chose India over China. For foreign investors, it is much easier to conduct business…

    • 860 Words
    • 4 Pages
    Good Essays
    Read More
  • Good Essays

    Drug Wars. Can Walgreen Co. survive?
    • 634 Words
    • 2 Pages

    Drug Wars. Can Walgreen Co. survive?

    Although Walgreens and CVS are the giants in the retail pharmacy industry, there is still plenty of room for smaller competitors. In total, small independent pharmacies still comprise approximately 15 percent of the market. Given that many consumers choose their pharmacy based on locational convenience, however, the existence of these smaller local pharmacies is…

    • 634 Words
    • 2 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    Situation Analysis- Pharma Industry
    • 568 Words
    • 2 Pages

    Situation Analysis- Pharma Industry

    The retail pharmacy industry in Slovakia faced huge competition, owing to the presence of a large number of pharmacies [2005 pharmacies, as of 2011, or roughly one pharmacy for every 2683 inhabitants]. Stiff guidelines and directives issued by the Ministry of Health, wherein it was required that every pharmacy have a “responsible pharmacist”, and only one pharmacy be operated per license, led to the rampant mushrooming of the retail pharmacy outlets throughout Slovakia. Under such stiff competition, pharmacies differentiated themselves on the basis of cosmetic and hygiene product selection, and more importantly, the level of customer service that they provided.…

    • 568 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Powerful Essays

    History of Indian Pharma Industry
    • 11914 Words
    • 48 Pages

    History of Indian Pharma Industry

    The Pharmaceutical industry in India is the world 's third-largest in terms of volume and stands 14th in terms of value. According to Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers, the total turnover of India 's pharmaceuticals industry between 2008 and September 2009 was US$21.04 billion. While the domestic market was worth US$ 12.26 billion. Sale of all types of medicines in the country is expected to reach around US$19.22 billion by 2012. Exports of pharmaceuticals products from India increased from US$6.23 billion in 2006-07 to US$8.7 billion in 2008-09 a combined annual growth rate of 21.25%. According to PricewaterhouseCoopers (PWC) in 2010, India joined among the league of top 10 global pharmaceuticals markets in terms of sales by 2020 with value reaching US$50 billion.…

    • 11914 Words
    • 48 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Pharmacy Marketing Plan
    • 3341 Words
    • 14 Pages

    Pharmacy Marketing Plan

    The Discount Pharmacy is in the first year of business as a start-up operation. The Pharmacy believes that the market demand for their services will be great and are convinced that a cohesive marketing strategy is required for The Pharmacy. The Pharmacy offers a wide range of prescription medicine for pick up at their store front or it can be distributed by mail order. The Pharmacy's prices are far better than most pharmacies so their services will be attractive for people that just need to buy their medicine at good prices and do not need their hands held during the process.…

    • 3341 Words
    • 14 Pages
    Powerful Essays
    Read More
  • Good Essays

    Ethics in Pharma Marketing
    • 873 Words
    • 4 Pages

    Ethics in Pharma Marketing

    THE pharmaceutical market in India today is worth Rs.57206 crores up from Rs. 5000 crores in 1995*. It is one of the fastest growing markets with a growth rate of around 15%. India has a large number of Pharmaceutical companies which operate in an environment of high competition. The competition is even higher in a high generic market like in India where drugs are in fierce price competition. It is estimated that there are around 20,000 pharmaceutical companies* in India, competing for a share of the market, in a poorly regulated environment. To be ahead in the race, pharmaceutical companies are investing highly in marketing and promotion of their drugs. The Consumer International Report 2010, on an average, the Indian Pharmaceutical companies spend almost 30% of their revenue in drug promotion which is one of the highest percentage in the world.…

    • 873 Words
    • 4 Pages
    Good Essays
    Read More
  • Powerful Essays

    Import of Raw Materials 4 Pharmacy Products
    • 11559 Words
    • 47 Pages

    Import of Raw Materials 4 Pharmacy Products

    The Indian Pharmaceutical Industry is among top five producers of bulk drugs in the world. Pharmaceuticals market can be roughly classified into Bulk drugs (20% of the market) registering growth rates of 20% and formulations (80% of the market) with an annual growth rate of 15%.There are about 8174 bulk drug manufacturing units and 2389 formulations units spread across the country.…

    • 11559 Words
    • 47 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    The Evolution of Sales Models in the Indian Pharma Industry
    • 5024 Words
    • 21 Pages

    The Evolution of Sales Models in the Indian Pharma Industry

    By AmArdeep Udeshi, engAgement mAnAger, ims ConsUlting groUp And mohit BAhri, ConsUltAnt, ims ConsUlting groUp…

    • 5024 Words
    • 21 Pages
    Powerful Essays
    Read More
  • Better Essays

    Strategic Alliance in Indian Pharmaceutical Industry
    • 8549 Words
    • 35 Pages

    Strategic Alliance in Indian Pharmaceutical Industry

    In the The Indian pharmaceutical industry has shown tremendous progress in terms of infrastructure development, technology base creation and a wide range of production. Even while undergoing restructuring, it has established its presence and…

    • 8549 Words
    • 35 Pages
    Better Essays
    Read More
  • Satisfactory Essays

    Nutraceuticals Market in India 2014 | Research Report
    • 400 Words
    • 2 Pages

    Nutraceuticals Market in India 2014 | Research Report

    Netscribes latest market research report titled Nutraceuticals Market in India 2014 states that the increasing shift towards preventive medication, backed by the growing purchasing power of Indian consumers, is fueling growth in the market. The nutraceutical sector can be categorized into three broad segments - dietary supplements, functional food and functional beverages. Dietary supplements have witnessed a consistent rise in demand owing to the increasing health consciousness prevalent among individuals, particularly the growing Indian middle class population. Probiotics market is at a nascent stage. However, it is one of the most promising categories under the functional food segment and has huge growth potential in the near future, driven by the growing interests of consumers as well as market players. Modern day on-the-go lifestyles of Indian consumers have also promoted the growing use of functional beverages such as energy drinks and fortified juices.…

    • 400 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Powerful Essays

    Prakriti Case Study
    • 1984 Words
    • 8 Pages

    Prakriti Case Study

    Increase in the sale of OTC drugs in the recent years implies that people often forget the fact that health cannot be bought over the counter of pharmacy. Several forecasts state that the world OTC market will reach 4 92.8bn in the year 2015 with a strong growth until 2025. With Ayurveda based OTC’s contributing over 26% of sales, India ranks 11th in terms of OTC market size globally and is expected to reach 9th rank in the next five years.…

    • 1984 Words
    • 8 Pages
    Powerful Essays
    Read More

Related Topics