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 - Starting a New Business Chapter
The barriers to entry in the Dispensing Chemist industry are estimated to be high. Industry services include dispensing mind and body altering drugs so the industry is highly regulated. However, following a 2003 Office of Fair Trading review into these entry barriers, partial deregulation of the industry occurred in England in April 2005. A number of reforms were implemented to increase the ease with which a new player entered the industry. As a result the barriers to entry to the industry are estimated to be decreasing.
A significant barrier that operators face is that operators can only dispense NHS prescriptions if they posses a NHS community pharmacy contract. Whi.. purchase to read more