Cutting deep: A flood of substitutes, changing regulation and rising competition hit revenue

Operators in the Dispensing Chemists industry distribute pharmaceutical products to consumers, meaning they play an important role in the Irish health-care system. Retail and community pharmacies also sell over-the-counter medicines, provide professional advice, and carry out basic medical testing. Due to the nature of the industry, operators are subject to government regulations. Over the past decade, several regulatory changes have been introduced, which have altered the pharmaceutical retailing landscape. Increasing competitive pressure from supermarket pharmacies has also stimulated changes in the industry, and some operators have struggled to maintain healthy more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Rising competitive pressure has necessitated operating changes and profit margins have been hit
  • Operators have increasingly begun to stock toiletries and cosmetics to broaden their revenue base
  • Pharmacists are expected to increasingly move into the provision of primary care over the coming years
  • Industry Report - Industry Key Buyers Chapter

    The Dispensing Chemists industry has a low level of market share concentration, with the four largest players estimated to account for 20.1% of industry revenue in 2018. Over the past five years, rising consolidation and private equity activity has led to the level of market share concentration increasing. This includes Carlyle Cardinal Ireland's acquisition of the Sam McCauley, and Sam McCauley's subsequent acquisition of Dublin based Life Pharmacy, and Cork based Fermoy Medical Hall in April 2018 for a total of €5 million. Nonetheless, the industry remains highly fragmented.IBISWorld expects the industry's level of market share concentration to grow further over the coming years as drug reimbursement funding pressures rise. Wit...purchase to read more.

    Additional Insights for the Dispensing Chemists Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Dispensing Chemists Industry are

  • Experienced work force
  • Easy access for clients
  • Proximity to key markets
  • IBISWorld analysts also discuss how external factors such as Population aged 65 years and over and Public healthcare expenditure in the Dispensing Chemists industry impact industry performance..

    shopping_cartPURCHASE OPTIONS

    What's in this report

    What is the Dispensing Chemists in Ireland Industry?

    Operators in the industry dispense and retail pharmaceutical goods via community pharmacies and chemists. Pharmacies also provide other Health Services Executive (HSE) services and sell over-the-counter medications and health-related products. This industry does not include non-health-related products or in-store supermarket pharmacies.

    Industry Products
  • Prescription only pharmaceuticals
  • Pharmacy-only pharmaceuticals
  • General sales list
  • Delivery services, consultation and other
  • Industry Activities
  • Dispensing prescription pharmaceuticals
  • Retail over-the-counter medication
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Population aged 65 years and over
  • Public healthcare expenditure
  • Modified real disposable income per capita
  • Perceived health
  • Supermarket retail sales

  • Current Performance
    Demographic trendsNew products and servicesThe Health Act 2013Revenue volatility and constraintsFunding effectsMarket structure and profit
  • Chart: Revenue Growth

  • Industry Outlook
    Revenue threatsDemographic driversFuture rolesExpanding marginsNew products
  • Table: Dispensing Chemists Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Dispensing Chemists Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers in Ireland

  • Key Selling Industries
  • Perfume & Cosmetics Manufacturing in Ireland
  • Pharmaceutical Preparations Manufacturing in Ireland
  • Pharmaceutical Wholesaling in Ireland

  • Products & Services
  • Prescription only pharmaceuticals
  • Pharmacy-only pharmaceuticals
  • General sales list
  • Delivery services, consultation and other
  • Chart: Dispensing Chemists Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Population aged 65 and over
  • Population aged between 46 and 64
  • Population aged between 19 and 44
  • Population aged 18 and under
  • Chart: Major Market Segmentation for the Dispensing Chemists Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Rent and utilities
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Dispensing Chemists

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Dispensing Chemists Industry

  • Industry Globalization
    Boots Retail (Ireland) Ltd, LloydsPharmacy Ireland Ltd, Sam McCauley Chemists Ltd,
  • Table: Boots Retail (Ireland) Ltd - financial performance
  • Table: LloydsPharmacy Ireland Ltd - financial performance
  • Table: Sam McCauley Chemists Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Dispensing Chemists Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Dispensing Chemists Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Biological Medicine
  • Medicine that contains one or more active substances made by or derived from a biological source.
  • Biosimilar Medicine
  • A biosimilar medicine is a biological medicine that is developed to be highly similar and clinically equivalent to an existing biological medicine.
  • General Sales List (Gsl) Medicines
  • Medicines that can be sold by a variety of stores including supermarkets, newsagents and petrol stations
  • Over-The-Counter (Otc) Medicines
  • Products sold without the need for a prescription.
  • Pharmacy-Only Medicines
  • Medicines that can only be sold in pharmacies. A pharmacist must make or supervise the sale.
  • Prescription Medicines
  • Medicines that must be prescribed by a medical practitioner or a health-care professional. In some instances, they are classed as controlled drugs.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Dispensing Chemists in Ireland market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Dispensing Chemists in Ireland:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Dispensing Chemists in Ireland market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Dispensing Chemists in Ireland, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

    Contact Us

    Would you like to speak to an IBISWorld representative?