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UK Retail Pharmacy Market 2006
Verdict Research Limited, Nov 2006, Pages: 173
The UK retail pharmacy market has undergone a period of extensive change. Consolidation, growing participation by supermarkets and regulatory changes mean established players, newer entrants and suppliers need to be aware of changing opportunities to fully exploit the potential of this substantial market. This report identifies the main drivers and implications for participants.
Scope
-The report offers comprehensive market coverage, with 10 year's data on NHS and consumer revenue streams (including OTC sales) and market drivers.
-It also provides extensive coverage of the ten leading operators, including market shares, pharmacy numbers and sales densities.
-It gives a summary of regulatory changes, the strategic issues in the market, retailers responses and Verdict's outlook
Highlights
Worth £12.8bn in 2006, this is a substantial retail market. It has outperformed total retail in nine of the past 10 years and with an ageing population profile and both consumer trends and government policy favouring future growth, is an attractive market for retailers, but there are challenges that retailers must overcome to maximise potential.
Since 2000, NHS pharmacy spend is up 40.4% to £160.50 per capita. The contribution from OTC & Other products has also risen, but by just 6.6%.
Average pharmacy income exceeded £1m for the first time in 2005 and space has become much more productive. Market growth is almost guaranteed over the next two decades, driven by an ageing population profile, government policies, and consumer trends such as demand for convenience.
Reasons to Purchase
-The retail pharmacy market differs from traditional retail sectors. This unique report identifies the key issues, dynamics and growth opportunities.
-It quantifies the financial opportunities available to participants from data such as market value, average pharmacy revenues and sales densities.
-Identify retailer best practices and gain an understanding of past successes and failures in the market to create winning strategies.
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