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Kuwait Retail Pharmacy Market Outlook to 2022 - By Type of Pharmacy; By Type of Drugs, By Type of Sales Channels

  • ID: 4825631
  • Report
  • Region: Kuwait
  • 93 Pages
  • Ken Research Private Limited
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FEATURED COMPANIES

  • Al-Hajery
  • Ali-Abdulwahab Al-Mutawa
  • Aster
  • Boots Pharmacy
  • Dowa
  • PharmaTee
  • MORE

The report titled “Kuwait Retail Pharmacy Market Outlook to 2022 - By Type of Pharmacy (Pharmacy Chains, Independent Pharmacies and Hospital/Clinic Based Pharmacies); By Type of Drugs (Cosmetics, Food Supplements and Drugs), By Type of Sales Channels (Offline and Online)” provides a comprehensive analysis on the Retail Pharmacy industry of Kuwait. The report covers various aspects including introduction, value chain, market size by revenue (2012-2017), segmentation by type of pharmacy, by type of drugs, by revenue split and by type of sales channel, competition scenario in the industry, shares and company profiles of major players in the market, growth drivers, trends and developments, issues and challenges in the retail pharmacy market and the regulatory framework of the industry. The report concludes with market projection for future market described above and analyst recommendations highlighting the major opportunities and cautions for the Kuwait Retail Pharmacy market

Market Overview
Kuwait retail pharmacy market is in its growing stage and has increased at a positive single-digit CAGR during the period 2012-2017 majorly due to increasing population, the surge in pharmaceutical imports, and growing prevalence of diseases such as Obesity, infectious and chronic ailments such as cancer within the country. It has been observed that the trend towards preventive healthcare witnessed a rise in line with an increase in healthcare awareness during the review period, thus supporting expansion of the cosmetics and food supplements along with the OTC segment and increasing demand for vitamins and supplements, weight loss formulations, and smoking cessation aids has led the retail pharmacy market positively. On the other hand, growth in the healthcare sector has resulted in widespread of both standalone and pharmacy chains in the country.

Kuwait Retail Pharmacy Market Segmentation

  • By Type of Pharmacy: Pharmacy chains are the major dominating category under types of pharmacy in Kuwait. Pharmacy chains accounted for more than half of the share in the number of pharmacies in the country. In Kuwait, people largely prefer to purchase drugs and private-label goods from well-known pharmacy chains majorly due to trust in branded retail pharmacy outlets. Independent Pharmacies remains the second most leading pharmacy stores in Kuwait in terms of number and are followed by Hospitals/clinic-based pharmacies.
  • By Type of Drugs: Cosmetics dominated Kuwait retail pharmacy market with a massive share in generation in the year 2017. Increasing expatriate population in the country, the surge in the sale of baby care products and higher price of the medicinal products are the key growth drivers for dominance of cosmetics sale in Kuwait retail pharmacy market. Food supplements (vitamins) captured second-highest revenue share which is later followed by drugs (medicines).
  • By Revenue Split per Day: Kuwait retail pharmacy market is highly concentrated among the pharmacy chains. Pharmacies earning per day revenue within the range KD 2,000 to KD 5,000 dominated the segment during the year 2017.
  • By Type of Sales Channel: Offline channel in Kuwait retail pharmacy market has dominated the retail pharmacy market in terms of sales revenue during the year 2017. Majority of the pharmacies in Kuwait operate under this business model. However, the online channel in Kuwait retail pharmacy market has accounted for a mere share in the year 2017.

Competitive Landscape
The market of the Retail Pharmacy companies is moderately concentrated with few players constituting more than half of the total share. In Kuwait, nine major players are operating in the retail pharmacy market which contributes a combined share of ~70.0% of total pharmacy stores as of 2017. Companies compete on the basis of the number of stores, promotional offers; value-added services and distributional channel. Royal Group, Pharmazone and YIACO are the major players in the market. Royal Group is the market leader with dominating share in pharmacy chains followed by Pharmazone and then by YIACO in 2017. Other players in the market include Al-Morji Pharmacy, Tabuk Pharmacy, Saja Pharmacy and others.

Kuwait Retail Pharmacy Future Outlook
The Kuwait pharmacy retail market is expected to grow at a positive single-digit CAGR during the period 2017-2022. The retail pharmacy market in Kuwait will be majorly driven by improved healthcare infrastructures such as an increase in the number of hospitals, pharmaceutical clusters, and primary health clinics. In addition, the high prevalence of contagious diseases, widespread generic drug supply, rise in purchasing power, increasing affordability of healthcare products and the growing over-the-counter drugs market will help to drive growth in Kuwait’s retail pharmacy market.

Key Segments Covered
Market Segmentation

  • By Type of Pharmacy (Pharmacy Chains, Independent Pharmacies and Hospital/Clinic Based Pharmacies)
  • By Type of Drugs (Cosmetics, Food Supplements and Drugs)
  • By Revenue Split (KD 500 to KD 2,000, KD 2,000 to KD 4,000 and KD 5,000 to KD 10,000)
  • By Type of Sales Channels (Offline and Online)

Key Target Audience

  • Hospitals
  • Pharmaceutical Manufacturers
  • Pharmaceutical Distributors
  • Pharmacy Chains
  • Health Care Associations

Time Period Captured in the Report:

  • Historical Period – 2012-2017
  • Forecast Period – 2018-2022

Companies Covered:

  • Royal Pharmacy
  • Pharmazone
  • YIACO
  • Ali-Abdulwahab Al-Mutawa
  • Boots Pharmacy
  • Al-Hajery
  • Aster
  • Dowa
  • PharmaTee

Key Topics Covered in the Report

  • Introduction on Kuwait Retail pharmacy Market
  • Value Chain
  • Working Model of Online Pharmacy company
  • Market Size by Revenue (2012-2017)
  • Retail Pharmacy Market Segmentation by Type of Drugs, by Type of Pharmacies, by Type of Sales channel and by Revenue Split per day
  • SWOT Analysis for Kuwait Retail Pharmacy Market
  • Competition Scenario in the Industry
  • Shares and Company Profiles of Major Players in the Market
  • Growth Drivers, Trends and Developments in the Retail pharmacy Market
  • Issues and Challenges in the Retail Pharmacy Market
  • Regulatory Framework of the Industry
  • Future Outlook for the Market (2018-2022) Including Estimated Market Size in Terms of Revenue and Retail Pharmacy Market Segmentation by Type of Drugs, by type of Sales Channel and by Number of Pharmacies
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Al-Hajery
  • Ali-Abdulwahab Al-Mutawa
  • Aster
  • Boots Pharmacy
  • Dowa
  • PharmaTee
  • MORE

1. Executive Summary

  • Kuwait Retail Pharmacy Market (Overview and size)
  • Kuwait Retail Pharmacy Market Segmentation
  • Competitive Landscape of Major Players in Kuwait Retail Pharmacy Market
  • Future Outlook of the Kuwait Retail Pharmacy Market

2. Research Methodology
2.1. Market Definitions
2.2 Abbreviations
2.3 Market Size and Modeling

  • Consolidated Research Approach
  • Market Sizing – Pharmacy Retail Market
  • Variables (Dependent and Independent)
  • Multi-Factor Based Sensitivity Model
  • Final Conclusion

3. Kuwait Retail Pharmacy Market
3.1. Kuwait Retail Pharmacy Overview and Genesis

4. Value Chain Analysis of Kuwait Retail Pharmacy Market

  • Margin Analysis

5. Working Model of PharmaTee in Kuwait

6. Kuwait Retail Pharmacy Market Size
6.1. By Revenues, 2012- 2017

7. Kuwait Retail Pharmacy Market Segmentation
7.1. By Type of Pharmacy (Pharmacy Chains, Independent Pharmacies and Hospital/clinic-based Pharmacies), 2017
7.2. By Type of Drugs (Cosmetics, Food Supplements and Drugs), 2017
7.3. By Revenue Split per Day (KD 500 to KD 2,000, KD 2,000 to KD 4,000 and KD 5,000 to KD 10,000), 2017
7.4. By Type of Sales Channel (Offline and Online Mode), 2017

8. Trends and Developments in Kuwait retail pharmacy Market

  • Increasing Sale of Private Label Goods
  • Growth in Number of Pharmacists
  • Increasing Government Expenditure on Health Care Sector
  • Rising Obese Population
  • Technology trends
  • The shift towards Online Distribution of Drugs
  • Major Expansion Activity
  • Increased Insurance Coverage
  • Increasing Aging Population

9. Issues and Challenges in Kuwait Retail Pharmacy market

  • Challenges of affordability and Non- adherence
  • Restriction and legal challenges for Pharmacies

10. Regulatory Environment For Kuwait Retail Pharmacy Market

11. SWOT Analysis for Kuwait Retail Pharmacy Market

12. Competition Scenario In Kuwait Retail Pharmacy Market

13. Company Profile of Major Players in Kuwait Retail Pharmacy
13.1. Royal Pharmacy
13.2. Pharmazone
13.3. YIACO
13.4. Ali-Abdulwahab Al- Mutawa
13.5. Boots Pharmacy
13.6. Al- Hajery
13.7. Others (Aster and Dowa)

14. Kuwait Retail Pharmacy Outlook and Projections, 2018- 2022
14.1. By Revenues, 2018- 2022

  • Number of Pharmacies, 2017-2022

14.2. By Type of Drugs (Food Supplements, Cosmetics and Drugs), 2022
14.3. By Type of Sales Channel (Offline and Online Mode), 2022

15. Analyst Recommendations

List of Figures

  • Flow Chart for Kuwait Retail Pharmacy Market, as of 31st December 2017
  • Correlation Matrix for Kuwait Retail Pharmacy Market
  • Regression Coefficients Output
  • Value Chain Analysis for Retail Pharmacy Market, Kuwait
  • Working Model of PharmaTee in Kuwait, 2018
  • Kuwait Retail Pharmacy Market Size on the Basis of Revenue in KD Million and Growth Rate in Percentage (%), 2012–2017
  • Kuwait Retail Pharmacy Market Segmentation by Type of Pharmacy (Pharmacy Chains, Independent Pharmacies and Hospital/Clinic Based Pharmacies) on the Basis of Number of Pharmacies in Percentage (%), 2017
  • Kuwait Retail Pharmacy Market Segmentation by Type of Drugs (Cosmetics, Food Supplements and Drugs) on the Basis of Revenue in Percentage (%), 2017
  • Kuwait Retail Pharmacy Market Segmentation by Revenue Split per Day (KD 500 to KD 2,000, KD 2,000 to KD 4,000 and KD 5,000 to KD 10,000) on the Basis of Revenue in Percentage (%), 2017
  • Kuwait Retail Pharmacy Market Segmentation by Type of Sales Channel (Offline and Online) on the Basis of Revenue in Percentage (%), 2017
  • Number of Pharmacists in Kuwait, 2012-2016
  • Kuwait Health Care Expenditure in USD Billion, 2013 - 2017
  • Adult Obese Prevalence Rate in Kuwait in Million, 2010-2017
  • Population Using Internet in Kuwait in Percentage (%), 2012 – 2016
  • Kuwait Internet Users in Million, 2012- 2017
  • Population of Kuwait on the Basis of Number in Million, 2012-2017
  • Kuwait Retail Pharmacy Market Share of Pharmacy Chain Companies on the Basis of Number of Pharmacies in Percentage (%), as of 31st December 2017
  • Kuwait Retail Pharmacy Market Size Projected Future Outlook on the Basis of Revenue in KD Million and Growth Rate in Percentage (%), 2017-2022
  • Kuwait Pharmacy Retail Market Future Outlook and Projections by Number of Pharmacies, 2017 - 2022
  • Kuwait Pharmacy Retail Market Future Outlook and Projections by Type of Drugs (Food Supplements, Cosmetics and Drugs) on the Basis of Revenue in Percentage (%), 2022
  • Kuwait Pharmacy Retail Market Future Outlook and Projections by Type of Sales Channels (Offline and Online Mode) on the Basis of Revenue in KD Million, 2022

List of Tables

  • Kuwait Retail Pharmacy Market Overview including Genesis, Healthcare System, Market Size, Companies, Products, Sales Channel, Consumer Behavior, Development in Retail Pharmacy Market and Private- Sector Partnership
  • Value Chain Analysis of Kuwait Retail Pharmacy Market
  • Challenges faced by Entities in Kuwait Retail Pharmacy Market
  • Company Profile of PharmaTee including (Company Overview, Business Model, Working Model of the Company, Products Offered, Customer Services Offered, Marketing Strategy and Key Statistics), 2017
  • Kuwait Retail Pharmacy Market Size on the Basis of Revenue in KD Million, 2012-2017
  • Kuwait Retail Pharmacy Market Segmentation by Type of Pharmacy (Pharmacy Chains, Independent Pharmacies and Hospital/Clinic Based Pharmacies) on the Basis of Number of Pharmacies, as of 31st December 2017
  • Number of Independent Pharmacies on the Basis of Major Regions in Kuwait, as of 31st December 2017
  • Number of Government Clinics on the Basis of Major Regions in Kuwait, as of 31st December 2017
  • Cross Comparison of Kuwait Retail Pharmacy Market on the Basis of Estimated Revenues, Location of Pharmacy, Target Audience, Promotional Offer, Major Brand, Margins, Procurement and Major Type of Drugs, 2017
  • Kuwait Retail Pharmacy Market Segmentation by Type of Drugs (Cosmetics, Food Supplements and Drugs) on the Basis of Revenue in KD Million, 2017
  • Kuwait Retail Pharmacy Market Segmentation by Revenue Split per Day (KD 500 to KD 2,000, KD 2,000 to KD 4,000 and KD 5,000 to KD 10,000) on the Basis of Revenue in KD Million, 2017
  • Cross Comparison of the pharmacies by (Target Region, Target Audience, Foot Fall Level, Area and Average Employee Per Store) on the Basis of Revenue Split per Day, 2017
  • Kuwait Retail Pharmacy Market Segmentation by Type of Sales Channel (Offline and Online) on the Basis of Revenue in KD Million, 2017
  • The population of Kuwait on the Basis of Age in Million, as of June 2018
  • Rules and Regulations in Kuwait Retail Pharmacy Market
  • Licensing Requirements to Start a Retail Pharmacy in Kuwait
  • Government Regulations to Procure Medicines in Kuwait
  • SWOT Analysis of Kuwait Retail Pharmacy Market
  • Competitive Overview of Kuwait Retail Pharmacy Market, 2017
  • Major Competition Parameter in Kuwait Retail Pharmacy Market
  • Cross Comparison of Kuwait Retail Pharmacy on the Basis of Average Walk-ins, Average Bill Size, Number of Orders, Total Revenue, Revenue per Day, Average Employee per Store, Revenue Percentage Share of Medicines, 2017
  • Kuwait Retail Pharmacy Market Share of Pharmacy Chain Companies on the Basis of Number of Pharmacies and Percentage (%), as of 31st December 2017
  • Cross Comparison of Major Players in the Kuwait Retail Pharmacy Market Based on Strength and Weakness and Number of Pharmacies as in 2017.
  • Company Profile of Royal Pharmacy Including Company Overview, Market share Strengths, Product Range Offered, Customer Services Offered, Operating Model, Business Strategies, Marketing Strategies and Recent Development
  • Royal Pharmacy Store Information on the Basis of Average Walk-ins, Average Bill Size, Number of Orders per Day Total Revenue per Month, Revenue per Day, Average Employee per Store, Average Area and Percentage Share of Medicines, 2017
  • Company Profile of Pharmazone Including Company Overview, Market Share, Per Store Information, Strengths, Product Range Offered, Operating Models, Business Strategies, Marketing Strategies, Major Supplier of brands and Recent Development
  • Pharmazone Pharmacy Store Information on the basis of Average Walk-ins, Average Bill Size, Number of Orders per Day Total Revenue per Month, Revenue per Day, Average Employee per Store, Average Area and Percentage Share of Medicines, 2017
  • List of Pharmazone Pharmacy Stores on the Basis of City in Kuwait, as of October 2018
  • Company Profile of YIACO Pharmacy Including Company Overview, Market Share, Key Executive, Product Range Offered, Services Offered, Operating Model, Strengths, Business Strategies and Recent Developments
  • List of YIACO Pharmacy Stores on the Basis of City in Kuwait, as of October 2018
  • Company Profile of Ali - Abdulwahab Al - Mutawa Pharmacy Including Company Overview, Market Share, Strengths, Product Segment, Services Offered, Operating Model, Business Strategies, Marketing Strategies, Major Supplier of Brands and Recent Developments
  • Al-Mutawa Pharmacy Store Information on the basis of Average Walk-ins, Average Bill Size, Number of Orders Per Day, Total Revenue per Month, Revenue per Day, Average Employee per Store, Average Area and Percentage Share of Medicines
  • Company Profile of Boots Pharmacy Including Company Overview, Per Store Information, Strengths, Product Range Offered, Services Offered, Operating Models, Business Strategies, Marketing Strategies, Major Supplier of brands
  • Boots Pharmacy Store Information on the basis of Average Walk-ins, Average Bill Size, Number of Orders Per Day, Total Revenue per Month, Revenue per Day, Average Employee per Store, Average Area and Percentage Share of Medicines
  • List of Boots Pharmacy Stores on the Basis of City in Kuwait, as of October 2018
  • Company Profile of Al- Hajery Pharmacy Including Company Overview, Market Share, Key Executive, Sister Companies, Operating Model, Strengths, Business Strategies and Major Supplier of the Brands
  • Al - Hajery Pharmacy Store Information on the basis of Average Walk-ins, Average Bill Size, Number of Orders per Day, Average Estimated Revenue per Month, Average Estimated Revenue per Day, Average Employee per Store, Average Area and Percentage Share of Medicines
  • List of Al - Hajery Pharmacy Stores on the Basis of Zone in Kuwait, as of October 2018
  • Company Profile of Other Pharmacies (Aster and Dowa) in Kuwait
  • Kuwait Retail Pharmacy Market Size Projected Future Outlook and Rationale on the Basis of Revenue in KD Million, 2018-2022
  • Kuwait Retail Pharmacy Market Future Expected Trends, 2018E-2022E
  • Kuwait Pharmacy Retail Market Future Outlook and Projections by Type of Drugs (Food Supplements, Cosmetics and Drugs) on the Basis of Revenue in KD Million, 2022
  • Kuwait Pharmacy Retail Market Future Outlook and Projections by Type of Sales Channels (Offline and Online Mode) on the Basis of Revenue in KD Million, 2022
  • Analyst Recommendation for Kuwait Retail Pharmacy Market
Note: Product cover images may vary from those shown
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  • Royal Pharmacy
  • Pharmazone
  • YIACO
  • Ali-Abdulwahab Al-Mutawa
  • Boots Pharmacy
  • Al-Hajery
  • Aster
  • Dowa
  • PharmaTee
Note: Product cover images may vary from those shown
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