Malaysia Pharmacy Retail Market Growth, Size, Trends, Revenue, Share, Scope and Future Outlook: SPER Market Research

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Published: Jan 2024	Report ID: PHAR2401	Pages: 1 - 107	Formats^*:
Category : Pharmaceutical

Malaysia Pharmacy Retail Market Introduction and Overview

According to SPER Market Research, the Malaysia Pharmacy Retail Market is estimated to reach USD XX billion by 2033 with CAGR of XX%.

The report includes an in-depth analysis of the Malaysia Pharmacy Retail Market, including market size and trends, product mix, applications, and supplier analysis. The retail pharmacy industry is defined as the business of owning or running places where customers can get their prescriptions filled. These places may include pharmacies, general stores, hospitals, long-term care facilities, mail order and specialty businesses, and any future locations where customers can get prescriptions filled and drugs sold.

May 2019: In May 2019, the Malaysian Cabinet implemented the External Reference Pricing policy to benchmark drug prices at the wholesale and retail levels, with the goal of saving customers' expenditures. On the other hand, the policy decreased trading margins for pharmaceuticals in the nation and had a domino effect on all pharmacy players operating there.

Market Opportunities and Challenges

Malaysia's population is expanding, as is the percentage of old people living there. The aging population frequently increases the need for healthcare services and pharmaceutical items, which fuels demand in the retail pharmacy industry. The need for healthcare goods and services is rising as people become more cognizant of their health and the diseases linked to their lifestyle. This covers vitamins, over-the-counter drugs, and wellness items. The retail pharmacy sector may see growth from government programs targeted at enhancing accessibility and infrastructure in the healthcare industry. The industry may benefit from policies that support the distribution of pharmaceuticals and healthcare services. The growth of e-commerce presents opportunities for pharmacies to expand their reach through online platforms. Online sales of pharmaceuticals, health products, and telemedicine services can be a significant area of opportunity.

It can be difficult for pharmacy retailers to adjust to new compliance requirements when laws pertaining to the pharmaceutical and healthcare industries change on a regular basis. Government rules governing prescription drug prices and margins may have an effect on pharmacy businesses' profitability. Price regulations may make it more difficult for pharmacies to maintain adequate profit margins or set competitive rates. The retail pharmacy industry is very competitive, which can result in price wars and lower profitability. The competitive situation is further heightened by the existence of both domestic and foreign pharmacy chains. The public's confidence in the pharmaceutical industry may be weakened by the problem of fake medications. Retailers of pharmaceuticals must put in place reliable procedures to guarantee the legitimacy and security of the goods they offer.

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Market Competitive Landscape

With more than thirty-five organized chain brands present in practically every Malaysian region, the sector is tremendously competitive. A number of pharmacy stores, geographic presence, brand recognition, partnerships with telemedicine and e-prescription providers, product portfolio, online delivery, and various other value-added services are among the characteristics used by industry competitors to compete. Some of major players are Watsons Malaysia, Guardian Pharmacy, Caring Pharmacy, Alpro Pharmacy, Healthlane Pharmacy, Multicare Pharmacy, AM PM Pharmacy, Cosway Farmasi, Aeon Wellness, AA Pharmacy and various others.

Scope of the Report:

Report Metric	Details
Market size available for years	2019-2033
Base year considered	2022
Forecast period	2023-2033
Segments covered	By Product Sales, By Sales, By Market Structure, By Therapeutic Areas, By Location
Regions covered	Johor, Kuala Lumpur, Sarawak, Selangor and Others
Companies Covered	Watsons Malaysia, Guardian Pharmacy, Caring Pharmacy, Alpro Pharmacy, Healthlane Pharmacy, Multicare Pharmacy, AM PM Pharmacy, Cosway Farmasi, Aeon Wellness, AA Pharmacy and various others.

COVID-19 Impact on Malaysia Pharmacy Retail Market

The Covid-19 epidemic increased consumer demand for over-the-counter drugs, vitamins, supplements, and hygiene supplies. Pharmacies saw a rise in revenue as a result of consumers' greater attention to health and wellbeing. There might have been a noticeable rise in the number of pharmaceutical and healthcare product purchases made online as a result of the implementation of movement restrictions and social distancing measures. During this time, pharmacy stores may have experienced success if they quickly adjusted to e-commerce trends. The pandemic's effects on the world's supply chains may have had an impact on the accessibility of some medicinal items. Pharmacy merchants' inventory management may have been impacted by supply chain delays or shortages. Various standards and laws were developed by governments across the globe, including Malaysia, to control the virus's spread.

Key Target Audience:

Pharmaceutical Manufacturing Companies
Pharmacy Retail Companies
Independent Pharmacies
Industry Associations
Regulatory Bodies
Telemedicine Companies
Pharmaceutical Distributors & Wholesalers

Our in-depth analysis of the Malaysia Pharmacy Retail Market includes the following segments:

By Product Sales:	Medical Equipments Non Pharmaceutical Products Over-The-Counter Prescribed Drugs
By Sales:	Patented Drugs Generics
By Market Structure:	Organized Organized High Street Stores Organized Mall Based Unorganized Unorganized High Street Unorganized Mall Based
By Therapeutic Areas:	Antibiotic Anti-Infective Cardiovascular Gastro Intestinal Gynaecology
By Location:	High Street Mall Based Medical Equipments Non Pharmaceutical Products Over-The-Counter Prescribed Drugs

Key Topics Covered in the Report:

Malaysia Pharmacy Retail Market Size (FY’2023-FY’2033)
Overview of Malaysia Pharmacy Retail Market
Segmentation of Malaysia Pharmacy Retail Market By Product Sales (Medical Equipments, Non Pharmaceutical Products, Over-The-Counter, Prescribed Drugs)
Segmentation of Malaysia Pharmacy Retail Market By Sales (Patented Drugs, Generics)
Segmentation of Malaysia Pharmacy Retail Market By Market Structure ( Organized High Street Stores, Organized Mall Based, Unorganized High Street, Unorganized Mall Based)
Segmentation of Malaysia Pharmacy Retail Market By Therapeutic Areas (Antibiotic, Anti-Infective, Cardiovascular, Gastro Intestinal, Gynaecology, Neuro, Pain/Analgesics, Respiratory, Vitamins/Minerals/Nutrients, Others)
Segmentation of Malaysia Pharmacy Retail Market By Location (High Street, Mall Based, Medical Equipments, Non Pharmaceutical Products, Over-The-Counter, Prescribed Drugs)
Statistical Snap of Malaysia Pharmacy Retail Market
Expansion Analysis of Malaysia Pharmacy Retail Market
Problems and Obstacles in Malaysia Pharmacy Retail Market
Competitive Landscape in the Malaysia Pharmacy Retail Market
Impact of COVID-19 and Demonetization on Malaysia Pharmacy Retail Market
Details on Current Investment in Malaysia Pharmacy Retail Market
Competitive Analysis of Malaysia Pharmacy Retail Market
Prominent Players in the Malaysia Pharmacy Retail Market
SWOT Analysis of Malaysia Pharmacy Retail Market

1. Introduction

1.1. Scope of the report
1.2. Market segment analysis

2. Research Methodology

2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach

2.3. Data triangulation

3. Executive Summary

4. Market Dynamics

4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges

4.2. COVID-19 Impacts of the Malaysia Pharmacy Retail Market

5. Market variable and outlook

5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis

6. Competitive Landscape

6.1. Malaysia Pharmacy Retail Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Malaysia Pharmacy Retail Market

7. Malaysia Pharmacy Retail Market, By Product Sales (USD Million)

7.1. Malaysia Pharmacy Retail Market Value Share and Forecast, By Product Sales, 2023-2033
7.2. Medical Equipments
7.3. Non Pharmaceutical Products
7.4. Over-The-Counter
7.5. Prescribed Drugs

8. Malaysia Pharmacy Retail Market, By Sales (USD Million)

8.1. Malaysia Pharmacy Retail Market Value Share and Forecast, By Product Sales, 2023-2033
8.2. Patented Drugs
8.3. Generics

9. Malaysia Pharmacy Retail Market, By Market Structure (USD Million)

9.1. Malaysia Pharmacy Retail Market Value Share and Forecast, By Market Structure, 2023-2033
9.2. Organized
9.2.1. Organized High Street Stores
9.2.2. Organized Mall Based
9.3. Unorganized
9.3.1. Unorganized High Street
9.3.2. Unorganized Mall Based

10. Malaysia Pharmacy Retail Market, By Therapeutic Areas (USD Million)

10.1. Malaysia Pharmacy Retail Market Value Share and Forecast, By Therapeutic Areas , 2023-2033
10.2. Antibiotic
10.3. Anti-Infective
10.4. Cardiovascular
10.5. Gastro Intestinal
10.6. Gynaecology
10.7. Neuro
10.8. Pain/Analgesics
10.9. Respiratory
10.10. Vitamins/Minerals/Nutrients
10.11. Others

11. Malaysia Pharmacy Retail Market, By Location (USD Million)

11.1. Malaysia Pharmacy Retail Market Value Share and Forecast, By Location, 2023-2033
11.2. High Street
11.3. Mall Based
11.4. Medical Equipments
11.5. Non Pharmaceutical Products
11.6. Over-The-Counter
11.7. Prescribed Drugs

12. Malaysia Pharmacy Retail Market Forecast, 2019-2033 (USD Million)

12.1. Malaysia Pharmacy Retail Market Size and Market Share

13. Malaysia Pharmacy Retail Market, By Product Sales, 2019-2033 (USD Million)

13.1. Malaysia Pharmacy Retail Market Size and Market Share By Product Sales (2019-2026)
13.2. Malaysia Pharmacy Retail Market Size and Market Share By Product Sales (2027-2033)

14. Malaysia Pharmacy Retail Market, By Sales, 2019-2033 (USD Million)

14.1. Malaysia Pharmacy Retail Market Size and Market Share By Sales (2019-2026)
14.2. Malaysia Pharmacy Retail Market Size and Market Share By Sales (2027-2033)

15. Malaysia Pharmacy Retail Market, By Market Structure, 2019-2033 (USD Million)

15.1. Malaysia Pharmacy Retail Market Size and Market Share By Market Structure (2019-2026)
15.2. Malaysia Pharmacy Retail Market Size and Market Share By Market Structure (2027-2033)

16. Malaysia Pharmacy Retail Market, By Therapeutic Areas, 2019-2033 (USD Million)

16.1. Malaysia Pharmacy Retail Market Size and Market Share By Therapeutic Areas (2019-2026)
16.2. Malaysia Pharmacy Retail Market Size and Market Share By Therapeutic Areas (2027-2033)

17. Malaysia Pharmacy Retail Market, By Location, 2019-2033 (USD Million)

17.1. Malaysia Pharmacy Retail Market Size and Market Share By Location (2019-2026)
17.2. Malaysia Pharmacy Retail Market Size and Market Share By Location (2027-2033)

18. Malaysia Pharmacy Retail Market, By Region, 2019-2033 (USD Million)

18.1. Malaysia Pharmacy Retail Market Size and Market Share By Region (2019-2026)
18.2. Malaysia Pharmacy Retail Market Size and Market Share By Region (2027-2033)
18.2.1. Johor
18.2.2. Kuala Lumpur
18.2.3. Sarawak
18.2.4. Selangor
18.2.5. Others

19. Company Profile

19.1. AA Pharmacy
19.1.1. Company details
19.1.2. Financial outlook
19.1.3. Product summary
19.1.4. Recent developments
19.2. AM PM Pharmacy
19.2.1. Company details
19.2.2. Financial outlook
19.2.3. Product summary
19.2.4. Recent developments
19.3. Aeon Wellness
19.3.1. Company details
19.3.2. Financial outlook
19.3.3. Product summary
19.3.4. Recent developments
19.4. Alpro Pharmacy
19.4.1. Company details
19.4.2. Financial outlook
19.4.3. Product summary
19.4.4. Recent developments
19.5. Caring Pharmacy
19.5.1. Company details
19.5.2. Financial outlook
19.5.3. Product summary
19.5.4. Recent developments
19.6. Healthlane Pharmacy
19.6.1. Company details
19.6.2. Financial outlook
19.6.3. Product summary
19.6.4. Recent developments
19.7. Guardian Pharmacy
19.7.1. Company details
19.7.2. Financial outlook
19.7.3. Product summary
19.7.4. Recent developments
19.8. Multicare Pharmacy
19.8.1. Company details
19.8.2. Financial outlook
19.8.3. Product summary
19.8.4. Recent developments
15.20 Others

16 List of Abbreviations

17 Reference Links

18 Conclusion

19 Research Scope

SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

SPER-Methodology-1

SPER-Methodology-2

SPER-Methodology-3

Frequently Asked Questions About This Report

How big is the Malaysia Pharmacy Retail Market?

Malaysia Pharmacy Retail Market is projected to reach USD XX billion by 2033, growing at a CAGR of XX% during the forecast period.

What is the growth rate of the Malaysia Pharmacy Retail Market?

Malaysia Pharmacy Retail Market size from 2022. The Market is expected to reach USD XX billion by 2033, at a CAGR of XX% during the forecast period.

What is the anticipated CAGR of the Malaysia Pharmacy Retail Market?

Malaysia Pharmacy Retail Market CAGR of XX% during the forecast period.

How can I get a sample report on the Malaysia Pharmacy Retail Market?

You can get the sample pages by clicking the link - Click Here

What is the market size of the Malaysia Pharmacy Retail Market?

Malaysia Pharmacy Retail Market size is USD XX billion from 2023 to 2033.

Which segment is expected to Malaysia Pharmacy Retail Market?

Malaysia Pharmacy Retail Market Segment is covered By Product Sales, By Sales, By Market Structure, By Therapeutic Areas, By Location.

Which region is expected to have the highest market share in the Malaysia Pharmacy Retail Market?

The Asia-Pacific and Africa is anticipated to have the highest market share in the Malaysia Pharmacy Retail Market.

Who are the key players in Malaysia Pharmacy Retail Market?

"The key players in the market include Companies Covered Watsons Malaysia, Guardian Pharmacy, Caring Pharmacy, Alpro Pharmacy, Healthlane Pharmacy, Multicare Pharmacy, AM PM Pharmacy, Cosway Farmasi, Aeon Wellness, AA Pharmacy and various others."

What is the conclusion of the Malaysia Pharmacy Retail Market?

The aging population frequently increases the need for healthcare services and pharmaceutical items, which fuels demand in the retail pharmacy industry.