The UK Pharmacy Market

Publisher Name :
Date: 31-May-2016
No. of pages: 49

Summary

The UK pharmacy market continued its recovery in 2015, increasing its estimated value by 4.6%, the fastest rate of growth in over 10 years. This has been driven by NHS receipts revenue, which grew 4.9%, outperforming the smaller OTC component of the total pharmacy market. Higher inflation contributed to growth, as prescription costs rose by 0.15p to £8.20 in England, while the OTC market has been lifted by improvements in consumer confidence, with people more willing to spend on self-care, health and wellbeing.

Key Findings


  • The number of prescriptions handled per pharmacy has continued to rise, albeit at a slower rate than in the past, putting pharmacies under pressure to increase efficiency and potentially undermining their attempts to develop services alongside their traditional role in dispensing.

  • The NHS in England is promoting greater use of hub and spoke dispensing (automated centralized assembly of prescriptions at the "hub" prior to dispensing to patients in the pharmacy or "spoke") as a means of driving efficiency within the community pharmacy system. It will free up staff time within the pharmacy as well as reducing the possibility of dispensing inaccuracies and in-store stock holdings.

  • Smaller specialists including independent operators are currently an important segment of the market but they are set to suffer as pressures increase on funding and larger operators make use of their economies of scale. Current proposals for government funding reductions could lead to significant numbers of these operators closing or being forced to sell up, furthering consolidation and the trend towards growth of larger specialist national chains.


Synopsis

Pharmacy retailing explores growth trends, opportunities, inhibitors and future success strategies in the UK pharmacy market. It includes the latest market sizes for NHS receipts and OTC medicines and market shares for the leading players.

It provides in-depth analysis of the following:


  • The Hot Issues

  • What People Buy

  • Where People Shop

  • Market trends


Reasons To Buy


  • Understand the impact on pharmacy retailing of government funding cuts and how it will lead to consolidation in the market.

  • Use the detailed data and insight on the market, including NHS receipts and OTC, to help form an effective growth strategy

  • Understand what the potential Lloyds acquisition of Sainsbury's pharmacy business will mean for other players in the market.

  • Identify the opportunities to grow business in this sector by comparing strategies of the key players in the market and their performance metrics

  • Learn how the UK's ageing population and a growing interest in health and well-being will impact the market, allowing you to develop product ranges that are better targeted.


Companies Mentioned


  • Boots

  • Tesco

  • Sainsbury's

  • Asda

  • Superdrug

  • Rowlands

  • LloydsPharmacy

  • Well

  • Morrisons

  • Day Lewis

  • Pharmacy2U

  • Cohens Chemist.

The UK Pharmacy Market

Table of Contents

The hot issues
What people buy
Where people shop
Trends

  • Retail Sales of Drug Stores and Health and Beauty Stores in Asia-Pacific: Market Size, Growth and Forecast to 2020
    Published: 31-Aug-2016        Price: US 3995 Onwards        Pages: 271
    *This is an on-demand report and will be delivered within 2 working days (excluding weekends) of the purchase. Summary Verdict Retail's, "Retail Sales of Drug Stores and Health and Beauty Stores in Asia-Pacific: Market Size, Growth and Forecast to 2020" provides detailed historic and forecast statistics on retails sales from 2010 to 2020 taking place at "Drug Stores and Health and Beauty Stores" for each category at country and segm......
  • Retail Sales of Drug Stores and Health and Beauty Stores in South America: Market Size, Growth and Forecast to 2020
    Published: 31-Aug-2016        Price: US 2500 Onwards        Pages: 145
    *This is an on-demand report and will be delivered within 2 working days (excluding weekends) of the purchase. Summary Verdict Retail's, "Retail Sales of Drug Stores and Health and Beauty Stores in South America: Market Size, Growth and Forecast to 2020" provides detailed historic and forecast statistics on retails sales from 2010 to 2020 taking place at "Drug Stores and Health and Beauty Stores" for each category at country and seg......
  • Global Retail Sales of Drug Stores and Health and Beauty Stores: Market Size, Growth and Forecast to 2020
    Published: 31-Aug-2016        Price: US 10995 Onwards        Pages: 1059
    *This is an on-demand report and will be delivered within 2 working days (excluding weekends) of the purchase. Summary Verdict Retail's, "Global Retail Sales of Drug Stores and Health and Beauty Stores: Market Size, Growth and Forecast to 2020" provides detailed historic and forecast statistics on retails sales from 2010 to 2020 taking place at "Drug Stores and Health and Beauty Stores" for each category at country and segment level......
  • Retail Sales of Drug Stores and Health and Beauty Stores in BRICS Nations: Market Size, Growth and Forecast to 2020
    Published: 30-Aug-2016        Price: US 2500 Onwards        Pages: 143
    *This is an on-demand report and will be delivered within 2 working days (excluding weekends) of the purchase. Summary Verdict Retail's, "Retail Sales of Drug Stores and Health and Beauty Stores in BRICS Nations: Market Size, Growth and Forecast to 2020" provides detailed historic and forecast statistics on retails sales from 2010 to 2020 taking place at "Drug Stores and Health and Beauty Stores" for each category at country and seg......
  • Retail Sales of Drug Stores and Health and Beauty Stores in North America: Market Size, Growth and Forecast to 2020
    Published: 30-Aug-2016        Price: US 1500 Onwards        Pages: 106
    *This is an on-demand report and will be delivered within 2 working days (excluding weekends) of the purchase. Summary Verdict Retail's, "Retail Sales of Drug Stores and Health and Beauty Stores in North America: Market Size, Growth and Forecast to 2020" provides detailed historic and forecast statistics on retails sales from 2010 to 2020 taking place at "Drug Stores and Health and Beauty Stores" for each category at country and seg......
  • Retail Sales of Drug Stores and Health and Beauty Stores in Middle East and North Africa: Market Size, Growth and Forecast to 2020
    Published: 27-Aug-2016        Price: US 2500 Onwards        Pages: 119
    *This is an on-demand report and will be delivered within 2 working days (excluding weekends) of the purchase. Summary Verdict Retail's, "Retail Sales of Drug Stores and Health and Beauty Stores in Middle East and North Africa: Market Size, Growth and Forecast to 2020" provides detailed historic and forecast statistics on retails sales from 2010 to 2020 taking place at "Drug Stores and Health and Beauty Stores" for each category at ......
  • Retail Sales of Drug Stores and Health and Beauty Stores in Europe: Market Size, Growth and Forecast to 2020
    Published: 24-Aug-2016        Price: US 6995 Onwards        Pages: 494
    *This is an on-demand report and will be delivered within 2 working days (excluding weekends) of the purchase. Summary Verdict Retail's, "Retail Sales of Drug Stores and Health and Beauty Stores in Europe: Market Size, Growth and Forecast to 2020" provides detailed historic and forecast statistics on retails sales from 2010 to 2020 taking place at "Drug Stores and Health and Beauty Stores" for each category at country and segment le......
  • Health and Beauty Retailing in Brazil - Market Summary and Forecasts; Comprehensive overview of the market, consumer, and competitive context, with retail sales value and forecasts to 2020
    Published: 31-Jul-2016        Price: US 1250 Onwards        Pages: 51
    Summary "Health and Beauty Retailing in Brazil - Market Summary and Forecasts" report provides a detailed analysis of retail sales from 2010 to 2020 across key channels in Brazil. Key Findings Surge in the number of millionaires and the emerging middle class will continue to make Brazil a major retail destination Brazilian retail sales to reach BRL1,811 billion by 2020 The health and beauty segment accounts f......
  • The UK Pharmacy Market
    Published: 31-May-2016        Price: US 5759 Onwards        Pages: 49
    Summary The UK pharmacy market continued its recovery in 2015, increasing its estimated value by 4.6%, the fastest rate of growth in over 10 years. This has been driven by NHS receipts revenue, which grew 4.9%, outperforming the smaller OTC component of the total pharmacy market. Higher inflation contributed to growth, as prescription costs rose by 0.15p to £8.20 in England, while the OTC market has been lifted by improvements in consumer confidence, with people......
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