Philippines Pharmacies and Drug Stores Market (2022-2028) | Outlook, Growth, Industry, Trends, Value, Revenue, Forecast, Analysis, Size, Share, Segmentation & COVID-19 IMPACT

Market Forecast By Drug Type (Prescription Drugs, OTC Drugs), By Type ( Community Pharmacy, Hospital Pharmacy, Clinical Pharmacy, Industrial Pharmacy, Compounding Pharmacy, Consulting Pharmacy, Ambulatory Care Pharmacy, Others) And Competitive Landscape

Product Code: ETC036169 Publication Date: Dec 2022 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Philippines Pharmacies And Drug Stores Market Synopsis

Philippines Pharmacies And Drug Stores Market is projected to grow rapidly owing to the growing geriatric population, increasing prevalence of chronic diseases, and evolving healthcare infrastructure. The healthcare system in Philippines is mainly composed of both public and private institutions. The services are provided by clinics, hospitals, and health centers. The Philippines Pharmacies And Drug Stores Market is growing primarily due to the rising prevalence of chronic diseases and increasing cases of chronic diseases such as diabetes and hypertension. Subsequently, the need to control these diseases, the demand for pharmacies and drug stores are increasing.

According to 6Wresearch, Philippines Pharmacies And Drug Stores Market is expected to grow during 2022-2028. The main reasons for cumulative growth include increase in the number of pharmacies and drug stores in the country, rising awareness about healthcare and self-medication among people, and rowing government initiatives to promote the use of generic medicines. Moreover, the availability of a large number of over-the counter (OTC) products and growing middle-class population is another driver for the growth of Philippines Pharmacies And Drug Stores Industry over the forecast period. Essentially, the insurging prevalence of chronic diseases such as diabetes, cancer, blood pressure, and hypertension has been on the rise in the Philippines over the past few years. This has resulted in an upsurge in the demand for prescribed medicines which has uplifted the demand for Philippines Pharmacies And Drug Stores Market. The high cost of medicines and presence of counterfeit drugs are anticipated to plunging the market growth potential in the coming time zone.

Impact of COVID-19 on Philippines Pharmacies And Drug Stores Market

Due to COVID-19, the demand for drugs and medical supplies has been decreased as people are either avoiding going to physical stores or are opting for online options. This scenario gave rise to several challenges to market players. However, they have been able to adapt to the situation by offering home delivery services. The Philippines health care system has been overwhelmed by the number of patients needing treatment from Novel Coronavirus. Consequently, this has had a knock-on effect on the Philippines Pharmacies And Drug Stores Market share which have seen a sharp increase in demand for medicines and other medical supplies.

Market analysis based on Type

The Philippines Pharmacies And Drug Stores Industry is segmented By Type is categorized into Community Pharmacy, Hospital Pharmacy, Clinical Pharmacy, Industrial Pharmacy, Compounding Pharmacy, Consulting Pharmacy, Ambulatory Care Pharmacy, and Others. The Community Pharmacy segment includes drug stores that are independently operated by individuals. These pharmacies are typically located within a grocery store or a retail outlet. On the other hand, the Hospital Pharmacy segment comprises of inpatient pharmacies. Further, the Online Pharmacy segment sells prescription and non-prescription drugs through online mediums.

Competitive Landscape

The Philippines Pharmacies And Drug Stores Market landscape is highly competitive. There are a large number of players in the market, ranging from small, independently owned pharmacies to large international chains. There are a few large players in the Philippines pharmacies and drug stores market which is an integral part of Asia Pacific Pharmacies And Drug Stores Market. There is also a significant presence of unbranded local players. The competitive landscape is fragmented with no clear leader in the market. The competition is intense in terms of both price and service. Therefore, the companies need to offer competitive prices to gain a competitive edge. The Philippines has a well-developed healthcare system, with many hospitals, clinics, and pharmacies. The government provides an extensive range of health insurance schemes for its citizens which covers both inpatient and outpatient treatment.

Key attractiveness of the report

  • COVID-19 Impact on the Market.
  • 10 Years Market Numbers.
  • Historical Data Starting from 2018 to 2021.
  • Base Year: 2021.
  • Forecast Data until 2028.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report:

  • Philippines Pharmacies and Drug Stores Market Outlook
  • Market Size of Philippines Pharmacies and Drug Stores Market, 2021
  • Forecast of Philippines Pharmacies and Drug Stores Market, 2028
  • Historical Data and Forecast of Philippines Pharmacies and Drug Stores Revenues & Volume for the Period 2018 - 2028
  • Philippines Pharmacies and Drug Stores Market Trend Evolution
  • Philippines Pharmacies and Drug Stores Market Drivers and Challenges
  • Philippines Pharmacies and Drug Stores Price Trends
  • Philippines Pharmacies and Drug Stores Porter's Five Forces
  • Philippines Pharmacies and Drug Stores Industry Life Cycle
  • Historical Data and Forecast of Philippines Pharmacies and Drug Stores Market Revenues & Volume By Drug Type for the Period 2018 - 2028
  • Historical Data and Forecast of Philippines Pharmacies and Drug Stores Market Revenues & Volume By Prescription Drugs for the Period 2018 - 2028
  • Historical Data and Forecast of Philippines Pharmacies and Drug Stores Market Revenues & Volume By OTC Drugs for the Period 2018 - 2028
  • Historical Data and Forecast of Philippines Pharmacies and Drug Stores Market Revenues & Volume By Type for the Period 2018 - 2028
  • Historical Data and Forecast of Philippines Pharmacies and Drug Stores Market Revenues & Volume By ?Community Pharmacy for the Period 2018 - 2028
  • Historical Data and Forecast of Philippines Pharmacies and Drug Stores Market Revenues & Volume By Hospital Pharmacy for the Period 2018 - 2028
  • Historical Data and Forecast of Philippines Pharmacies and Drug Stores Market Revenues & Volume By Clinical Pharmacy for the Period 2018 - 2028
  • Historical Data and Forecast of Philippines Pharmacies and Drug Stores Market Revenues & Volume By Industrial Pharmacy for the Period 2018 - 2028
  • Historical Data and Forecast of Philippines Pharmacies and Drug Stores Market Revenues & Volume By Compounding Pharmacy for the Period 2018 - 2028
  • Historical Data and Forecast of Philippines Pharmacies and Drug Stores Market Revenues & Volume By Consulting Pharmacy for the Period 2018 - 2028
  • Historical Data and Forecast of Philippines Pharmacies and Drug Stores Market Revenues & Volume By Ambulatory Care Pharmacy for the Period 2018 - 2028
  • Historical Data and Forecast of Philippines Pharmacies and Drug Stores Market Revenues & Volume By Others for the Period 2018 - 2028
  • Philippines Pharmacies and Drug Stores Import Export Trade Statistics
  • Market Opportunity Assessment By Drug Type
  • Market Opportunity Assessment By Type
  • Philippines Pharmacies and Drug Stores Top Companies Market Share
  • Philippines Pharmacies and Drug Stores Competitive Benchmarking By Technical and Operational Parameters
  • Philippines Pharmacies and Drug Stores Company Profiles
  • Philippines Pharmacies and Drug Stores Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Drug Type

  • Prescription Drugs
  • OTC Drugs

By Type

  • Community Pharmacy
  • Hospital Pharmacy
  • Clinical Pharmacy
  • Industrial Pharmacy
  • Compounding Pharmacy
  • Consulting Pharmacy
  • Ambulatory Care Pharmacy
  • Others
Frequently Asked Questions About the Market Study: FAQs

1. Which factors stimulating the market growth in the coming years?

The market is stimulated by factors such as the rising prevalence of chronic diseases such as diabetes and high blood pressure, the growing geriatric population, and the expansion of healthcare infrastructure.

2. Which aspects plummeting the demand for Philippines Pharmacies And Drug Stores Market?

The high cost of medicines and lack of proper infrastructure are plummeting the demand for Philippines Pharmacies And Drug Stores Market.

3. Which factors are challenging the market growth?

Increasing cost of medicines, counterfeit drugs, and the lack of access to excellence healthcare are the factors challenging the market growth.

4. The healthcare system in Philippines is composed of?

The healthcare system in the country is composed of both public and private institutions.

1 Executive Summary
2 Introduction
2.1 Key Highlights of the Report
2.2 Report Description
2.3 Market Scope & Segmentation
2.4 Research Methodology
2.5 Assumptions
3 Philippines Pharmacies and Drug Stores Market Overview
3.1 Philippines Country Macro Economic Indicators
3.2 Philippines Pharmacies and Drug Stores Market Revenues & Volume, 2021 & 2028F
3.3 Philippines Pharmacies and Drug Stores Market - Industry Life Cycle
3.4 Philippines Pharmacies and Drug Stores Market - Porter's Five Forces
3.5 Philippines Pharmacies and Drug Stores Market Revenues & Volume Share, By Drug Type, 2021 & 2028F
3.6 Philippines Pharmacies and Drug Stores Market Revenues & Volume Share, By Type, 2021 & 2028F
4 Philippines Pharmacies and Drug Stores Market Dynamics
4.1 Impact Analysis
4.2 Market Drivers
4.3 Market Restraints
5 Philippines Pharmacies and Drug Stores Market Trends
6 Philippines Pharmacies and Drug Stores Market, By Types
6.1 Philippines Pharmacies and Drug Stores Market, By Drug Type
6.1.1 Overview and Analysis
6.1.2 Philippines Pharmacies and Drug Stores Market Revenues & Volume, By Drug Type, 2018 - 2028F
6.1.3 Philippines Pharmacies and Drug Stores Market Revenues & Volume, By Prescription Drugs, 2018 - 2028F
6.1.4 Philippines Pharmacies and Drug Stores Market Revenues & Volume, By OTC Drugs, 2018 - 2028F
6.2 Philippines Pharmacies and Drug Stores Market, By Type
6.2.1 Overview and Analysis
6.2.2 Philippines Pharmacies and Drug Stores Market Revenues & Volume, By  Community Pharmacy, 2018 - 2028F
6.2.3 Philippines Pharmacies and Drug Stores Market Revenues & Volume, By Hospital Pharmacy, 2018 - 2028F
6.2.4 Philippines Pharmacies and Drug Stores Market Revenues & Volume, By Clinical Pharmacy, 2018 - 2028F
6.2.5 Philippines Pharmacies and Drug Stores Market Revenues & Volume, By Industrial Pharmacy, 2018 - 2028F
6.2.6 Philippines Pharmacies and Drug Stores Market Revenues & Volume, By Compounding Pharmacy, 2018 - 2028F
6.2.7 Philippines Pharmacies and Drug Stores Market Revenues & Volume, By Consulting Pharmacy, 2018 - 2028F
6.2.8 Philippines Pharmacies and Drug Stores Market Revenues & Volume, By Others, 2018 - 2028F
6.2.9 Philippines Pharmacies and Drug Stores Market Revenues & Volume, By Others, 2018 - 2028F
7 Philippines Pharmacies and Drug Stores Market Import-Export Trade Statistics
7.1 Philippines Pharmacies and Drug Stores Market Export to Major Countries
7.2 Philippines Pharmacies and Drug Stores Market Imports from Major Countries
8 Philippines Pharmacies and Drug Stores Market Key Performance Indicators
9 Philippines Pharmacies and Drug Stores Market - Opportunity Assessment
9.1 Philippines Pharmacies and Drug Stores Market Opportunity Assessment, By Drug Type, 2021 & 2028F
9.2 Philippines Pharmacies and Drug Stores Market Opportunity Assessment, By Type, 2021 & 2028F
10 Philippines Pharmacies and Drug Stores Market - Competitive Landscape
10.1 Philippines Pharmacies and Drug Stores Market Revenue Share, By Companies, 2021
10.2 Philippines Pharmacies and Drug Stores Market Competitive Benchmarking, By Operating and Technical Parameters
11 Company Profiles
12 Recommendations
13 Disclaimer
 
Pricing
  • Single User License
    $ 1,995
  • Department License
    $ 2,400
  • Site License
    $ 3,120
  • Global License
    $ 3,795

Any Query

Call: +91-11-4302-4305
Email us: sales@6wresearch.com
Any Query? Click Here

Related Reports

Industry Events and Analyst Meet

Our Clients

Airtel
Canon
Contec
HoneyWell
Kriloskar
Pwc Logo
Samsung
Tata Teleservices

Whitepaper

Read All