Retail Pharmacies
Retail pharmacies; the next big battle ground?
February 16th, 2007 · 5 Comments
The pharmacy retail trade, which is highly fragmented and until now dominated by small chemists, is bracing up for a quick revamp. Big industry houses like Ranbaxy (Fortis), Reliance Retail, ADAG ( Reliance Health Venture), together with other big multi-verticle, multi-format, retailers like Pantaloon (Tulsi) and Subhiksha as well as other regional healthcare players like Apollo Pharmacy (Apollo Hospitals Group), Medicine Shoppee (international drug retail chain), Dial fo Health (Zydus Cadilla), Planet Health (Sagar Drugs & Pharmaceuticals), Life Spring (Morepan), Health & Glow (Dairy Farm), LifeKen (Lifetime Healthcare), 98.4 (Global Healthline), Body Shop (now acquired by French beauty major L`oreal), Guardian Pharmacy (Guardian Lifecare), are rolling out their plans to set up thousands of pharmacies and healthcare stores in the coming three to four years.
Even, the traditional chemists, numbering over 5 lakh, in the face of formidable competition, are also trying to organise themselves under the banner of their trade association- All India Chemists and Druggists Organization (AICDO), which for decades has been fighting to protect their business interests, by registering itself as a company.
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.
Take a look at retail plans of some of the existing/ local players, not counting the likes of Wal-Mart, which does formidable drug retail business in the US: Apollo is ramping up
February 16th, 2007 · 5 Comments
The pharmacy retail trade, which is highly fragmented and until now dominated by small chemists, is bracing up for a quick revamp. Big industry houses like Ranbaxy (Fortis), Reliance Retail, ADAG ( Reliance Health Venture), together with other big multi-verticle, multi-format, retailers like Pantaloon (Tulsi) and Subhiksha as well as other regional healthcare players like Apollo Pharmacy (Apollo Hospitals Group), Medicine Shoppee (international drug retail chain), Dial fo Health (Zydus Cadilla), Planet Health (Sagar Drugs & Pharmaceuticals), Life Spring (Morepan), Health & Glow (Dairy Farm), LifeKen (Lifetime Healthcare), 98.4 (Global Healthline), Body Shop (now acquired by French beauty major L`oreal), Guardian Pharmacy (Guardian Lifecare), are rolling out their plans to set up thousands of pharmacies and healthcare stores in the coming three to four years.
Even, the traditional chemists, numbering over 5 lakh, in the face of formidable competition, are also trying to organise themselves under the banner of their trade association- All India Chemists and Druggists Organization (AICDO), which for decades has been fighting to protect their business interests, by registering itself as a company.
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.
Take a look at retail plans of some of the existing/ local players, not counting the likes of Wal-Mart, which does formidable drug retail business in the US: Apollo is ramping up