Overview:

The South Africa pharmaceutical retail market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. The sale of medicines including various types of generic and patented drugs to the consumers as per the prescription or without prescription is referred as pharmaceutical retail. The retail stores which sale the medicines are also sale FMCG products. However, the retail pharmacy now operates through both online and offline channels.

Market Dynamics:

Increasing urbanization, growing healthcare infrastructure development, and aging population are key factors anticipated to propel growth of the South Africa pharmaceutical retail market. In addition, rising prevalence of chronic diseases is fueling the target market growth. For example, according to The International Diabetes Federation (IDF), around 4.6 Mn individuals having age in between 20-79 years in the South Africa were suffering from diabetes in 2019.

Moreover, rising focus on healthcare infrastructure development, growing export of various drugs, and rising penetration of various generic drugs in the South Africa are some other factors driving growth of the target market.

Furthermore, rising number of market players, growth in 24*7 pharmacies, and growing awareness about healthcare are other major factors supporting growth of the target market. However, lack skilled professionals for drug production, stringent environmental regulations to establish active ingredient plant, and high import duties are key factors hampering the South Africa pharmaceutical retail market growth to a certain extent.

Key Trend:

Rising focus on market expansion by major player is a key trend observed in the target market. For instance, in March 2018, Clicks Group Limited launched its 500t store in Central Johannesburg in South Africa.

Scope of the Report:

Detailed Segmentation:

South Africa Pharmaceutical Retail Market, By Type:

• Independent/Stand Alone
• Organized Chains
• Others

South Africa Pharmaceutical Retail Market, By Distribution Channel:

• Offline
• Online

Key Players Covered:

Key players operating in the South Africa pharmaceutical retail market includes, M-Kem 24 Hours Pharmacy, Sun valley Pharmacy, MediRite, DIS- CHEM PHARMACIES, Clicks, Springbok pharmacy, Pharma Direct, Alpha pharm pharmacies, Wynberg Pharmacy, and Durbell Pharmacies.

Key Features of the Study:

Foresight Market Research provides detailed analysis on South Africa market in our report- South Africa Pharmaceutical Retail Market by type and distribution channel. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the South Africa pharmaceutical retail market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, market expansion, and marketing tactics used overall the globe.