Navigation Links
Pharmacies and Drug Retailers in China Industry Research Report – Now Available from IBISWorld
Date:6/19/2013

San Francisco, CA (PRWEB) June 19, 2013

Over the past five years, revenue for the Pharmacy and Drug Retailer industry has been growing at an annualized rate of 9.5% to an expected $42.7 billion in 2013. Many factors have supported the development of the industry including: substantial growth in domestic demand for drugs retailed by drugstores; relatively higher drug prices in hospitals; and people's increased ability to self-medicate.

Additionally, the government's support for the development of chain drug retailing enterprises has also been a positive influence on the industry.

The Pharmacy and Drug Retailer industry is not highly profitable, with profit only accounting for 3.6% of industry revenue in 2013. Drugstores are at the very end of the distribution chain of drugs, and distributors obtain most profit margins. The low profit margin is also due to the increasingly intense competition among retailers.

In 2013, the combined market share of the industry's top four firms – Sinopharm, Chongqing Tongjunge Big Drugstore, China Nepstar Chain Drugstore, and Guangdong Da Shen Lin Chain Drugstore – is estimated at 6.7%. IBISWorld expects concentration to increase steadily in the future as large chain drug retailers further increase their outlet numbers and with the expected implementation of new, stricter Good Selling Practice (GSP) measures in mid-2013.

Currently, this industry does not hold a dominant position in drug and pharmaceutical distribution in China. Over 60.0% of medicines and drugs in China are distributed or retailed through hospitals, which derive income from selling drugs more than from providing medical services. Upcoming reforms of the healthcare system will include changes of income sources for hospitals and a focus on medical care provision rather than drug retailing. As such, this industry's share of the drug retailing market will expand, supporting future revenue growth, says IBISWorld.

For more information, visit the Pharmacies and Drug Retailers in China industry report page.

Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld
Friend IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189

IBISWorld Industry Report Key Topics

The Pharmacy and Drug Retail industry in China retails both western medicine and traditional Chinese medicine, products for birth control and sexual healthcare, and other personal and pharmaceutical products.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.

Read the full story at http://www.prweb.com/releases/china/pharmacies-drugstores/prweb10824279.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Can specialized HIV community pharmacies improve treatment?
2. Takeda Type 2 Diabetes Therapies, NESINA (alogliptin), KAZANO (alogliptin and metformin HCl) and OSENI (alogliptin and pioglitazone) Now Available in Pharmacies in the United States
3. Elinext Leverages Latest QR Code and NFC Technologies in Mobile App Development for Retailers, Manufacturers, Advertisers, and Real Estate Companies
4. Retailers should re-size maternity wear for women throughout their pregnancies, MU study finds
5. Gun retailers take a hard line on illegal firearm sales, UC Davis survey finds
6. Alteya Launches an Award-Winning Certified Organic Bulgarian Rose Water and Other Select Flower Waters at Whole Foods and Specialized Retailers
7. As Google Prepares to Retire Google Affiliate Network, E-Retailers and Bloggers Look for Alternatives
8. STELLAService Awards 'ELITE' Rating To Retailers Providing The Best Customer Service
9. Parker Waichman LLP Takes on the Credit Card Companies, Fights for Smaller Retailers that Form the U.S. Economy’s ‘Backbone’
10. Jolie Ravioli, America’s Original and Number #1 Selling Children’s Ravioli Now Ready for Distributors, Brokers and Retailers
11. Exolevel Study Shows U.S. Consumers Want a Seamless Shopping Experience Across Store, Online and Mobile that Many Retailers are Struggling to Deliver
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/25/2016)... ... June 25, 2016 , ... Conventional wisdom preaches the benefits ... terms of the latter, setting the bar too high can result in disappointment, perhaps ... slow progress toward their goal. , Research from PsychTests.com reveals that ...
(Date:6/24/2016)... Michigan (PRWEB) , ... June 24, 2016 , ... June ... about the dangers associated with chronic pain and the benefits of holistic treatments, ... individuals who are suffering with Sickle Cell Disease. , Sickle Cell Disease (SCD) is ...
(Date:6/24/2016)... ... ... Global law firm Greenberg Traurig, P.A. announced that 20 Florida attorneys are recognized ... this recognition are considered among the top 2 percent of lawyers practicing within the ... this year’s Legal Elite Hall of Fame: Miami Shareholders Mark D. Bloom, Burt ...
(Date:6/24/2016)... ... June 24, 2016 , ... Topical BioMedics, Inc, makers of Topricin and MyPainAway Pain Relief Products, ... minimum wage raise to $12 an hour by 2020 and then adjusting it yearly to ... value of the minimum wage, assure the wage floor does not erode again, and make ...
(Date:6/24/2016)... ... June 24, 2016 , ... The Haute ... Dr. Barry M. Weintraub as a prominent plastic surgeon and the network’s newest ... world, and the most handsome men, look naturally attractive. Plastic surgery should be ...
Breaking Medicine News(10 mins):
(Date:6/23/2016)... Research and Markets has announced the addition of the ... report to their offering. ... failure, it replaces the function of kidneys by removing the ... the treatment helps to keep the patient body,s electrolytes such ... Increasing number of ESRD patients & substantial healthcare expenditure on ...
(Date:6/23/2016)... June 23, 2016  In a startling report released today, ... residents by lacking a comprehensive, proven plan to eliminate prescription opioid ... ranking of how states are tackling the worst drug crisis in ... states – Kentucky , New Mexico ... . Of the 28 failing states, three – ...
(Date:6/23/2016)... LOS ANGELES , June 23, 2016 /PRNewswire/ ... (NASDAQ: CAPR ), a biotechnology company ... first-in-class therapeutics, today announced that patient enrollment in ... progrEssion in Duchenne) has exceeded 50% of its ... its enrollment in the third quarter of 2016, ...
Breaking Medicine Technology: