Industry Analysis & Industry Trends
Operators in the Dispensing Chemists industry distribute pharmaceutical products to consumers, meaning they play an important role in the UK health-care system. Retail and community pharmacies also sell over-the-counter (OTC) 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 retail pharmacy landscape. Increasing competitive pressure from supermarkets has also stimulated changes in the industry, and many operators have struggled to maintain healthy margins.
Over the five years through 2016-17, industry revenue is forecast to increase at a compound annual rate of 1.1%... purchase to read more
Industry Report - Industry Analysis Chapter
The Dispensing Chemists industry has undergone significant changes in the past decade. The partial deregulation of the industry in 2005 allowed external players like supermarkets to provide pharmaceutical services and this continued to influence performance over the past five years. Over the past five-year period a growing population has boosted industry demand as NHS prescriptions have increased, and operators have benefited from higher prescription dispensing volumes. However, increased competition in the industry due to the rising number of small operators has led to profit margins falling. As branded prescription products begin to lose their patent protection and are replaced with cheaper generic products, operators are struggling to cope with the resultant fall in revenue. How.. purchase to read more