The report titled "Indonesia Pharmacy Retail Market Outlook to 2022 - by Pharmacies and Drugstores and By Region (Central Java, East Java, West Java, North Sumatra, Jakarta and Others)
" provides information on market size for Indonesia Healthcare and pharmacy retail. The report covers pharmacy retail market segment (by pharmacies and drugstores and by region), value chain, trends, growth drivers, and competitive landscape of major pharmacy retail companies including Guardian Pharmacy, Kimia Farma, Apotek K-24, A S Watsons Group, and Century Healthcare. The report concludes with market projection for future and analyst recommendations highlighting the major opportunities and cautions.
Indonesia Pharmacy Retail Market Overview
Indonesia pharmacy retail sector is in the mid to late growth stage with the presence of over 35,000 drugstores and pharmacies along with revenue CAGR of ~% in the last five years. Indonesia pharmacy retail market revenue has escalated from USD ~ billion in 2012 to USD ~ billion in 2017. Both private as well as public pharmacy retail companies have entered the market over the past five years to tap the potential in this sector. Furthermore, already established players such Guardian Pharmacy, Kimia Farma, Apotek K-24 have increased their number of pharmacy retail outlets over the period 2012-2017. Majority of the pharmacies are standalone stores whereas ~% of the pharmacies are located in hospitals, clinics and other healthcare institutions
Indonesia Pharmacy Retail Market Segmentation
By Pharmacies and Drugstores: Pharmacies have registered ~% of the revenue share in Indonesia pharmacy retail market 2017 driven by higher margins earned by pharmacies. The drugstores which are licensed to sell both medicinal drugs and private label goods have accounted for ~% in 2017
By Region: West Java has accounted for ~% of the total number of pharmacies and drugstores located in Indonesia in 2015 driven by high population in the region and presence of generic drug manufacturers. This is followed by East Java with ~%, Central Java with ~% and Jakarta with ~% and North Sumatra with ~% of the pharmacies and drugstores in Indonesia in 2015. Rest of Indonesia has accounted for ~% of the drugstores
Competitive Landscape of Indonesia Pharmacy Retail Market
The pharmacy retail market in Indonesia is highly fragmented with major organized chains (Guardian pharmacy, Kimia Farma, Apotek K-24 and AS Watsons Group) accounting for ~% of the revenue share in 2016. Independent pharmacies have also added value with specialty services. This includes free home delivery, after sale services for medical equipment and medication synchronization and counseling, especially for more complex drugs like the biologics. These players compete on parameters such as proximity, value added services, availability of drugs, promotional offers and tie ups with major healthcare institutions. In order to increase their revenue, the players offer their products through online portals.
Indonesia Pharmacy Retail Market Future Outlook
Indonesia pharmacy retail market is expected to increase from USD ~ billion in 2017 to USD ~ billion in 2022 at a CAGR of ~%. The market will be driven by improving healthcare infrastructure of the country driven by increase in number of hospitals, pharmaceutical clusters, and primary health clinics and geographic expansion of major pharmacy chains in Indonesia. The major pharmacy chains are expected to launch various mobile applications and online retail services thus increasing accessibility and convenience of home delivery and online payment facility. The online stores will be backed by a strong expansion of offline pharmacies in order to reduce delivery time and improve accessibility.
Key Topics Covered in the Report:
- Indonesia Pharmacy Retail Market Size, 2012-2017
- Indonesia Pharmacy Retail Market Segmentation (by Pharmacies and Drugstores and by Region)
- Trends and Developments in Indonesia Pharmacy Retail Market
- Indonesia Pharmacy Retail Market Competitive Landscape
- Indonesia Pharmacy Retail Future Outlook and Projections, 2018-2022