According to SPER Market Research, the Australia Pharmacy Retail Market is estimated to reach USD XX billion by 2032 with a CAGR of XX%. The Pharmacy Retail Market in Australia has grown moderately over the years. The increase in the number of pharmacists, the proportion of an ageing population, the increasing number of healthcare problems, per capita healthcare expenditure, the number of insured patients, the PBS Scheme, and other factors have aided the growth of the Australia Pharmacy Retail Market. The regions with the highest customer footfall and average basket size are New South Wales, Victoria, and Queensland. The expansion of pharmacies in terms of number of stores, services, and home deliveries of medications to patients in the country aided market growth.
Australia Pharmacy Retail Market Overview (2022-2032)
- Forecast CAGR (2022-2032): XX%
- Forecast Market Size (2032): XX billion
The COVID-19 epidemic has caused expansion in both typical pharmacy retail stores and online pharmacy channels to accelerate. Although medical retail stores were considered essential services, the virus danger made online pharmacies the most widely used place to obtain drugs and medical supplies. Due to the numerous COVID-19 waves, there has been a spike in demand for common medications, personal protection gear, health supplements, and medical devices from internet pharmacies.
Impact of COVID-19 on the Australia Pharmacy Retail Market
Both the traditional pharmacy retail outlets and the online pharmacy channels have seen an acceleration in growth as a result of the COVID-19 pandemic. Medical retail establishments were classified as vital services, but because to the virus threat, online pharmacies became the most popular source for buying pharmaceuticals and medical equipment. The online pharmacy industry has seen an increase in orders for medical devices, personal protection equipment, health supplements, and common pharmaceuticals because of the several COVID-19 waves.
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Australia Pharmacy Retail Market Key Segments Covered
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2032. This report contains statistics on product type segment growth estimates and forecasts.
By Market Structure:
By Product Sales:
- Prescribed Drugs
- Non-Pharmaceutical Products
- Medical Equipment
By Type of Pharmacies:
- Community Pharmacies
- Discount Pharmacies
- Hospital Pharmacies
By Drug Type:
- Patented Drugs
By Therapeutic Areas:
- Central Nervous System
- South Australia
- Western Australia
Australia Pharmacy Retail Key Market Players:
The study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Corum Health, FRED ID, Minfos, Mountaintop Solutions, Posworks, RxOne, Simple Retail, Zsoftware.
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