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Dispensing Chemists in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Dispensing Chemists Market Research Report | SIC G47.730 | Mar 2017

Feeling better: Industry revenue growth can be attributed to increased health consciousness

IBISWorld’s Dispensing Chemists market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Alliance Boots plc Alliance Boots plc market share
Co-operative Group Ltd Co-operative Group Ltd market share
Lloyds Pharmacy Ltd Lloyds Pharmacy Ltd market share
Industry Statistics & Market Size
Revenue
£12bn
Annual Growth 12-17
1.6%
Annual Growth 17-22
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Profit
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Employment
89,250
Businesses
5,126
Industry Threats & Opportunities
  • A number of branded products are expected to lose patent protection, hindering growth
  • Industry operators have been aiming to innovate in order to stay competitive
  • The ageing population is expected to support increased demand for industry services
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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 some 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 1.6% to reach £11.7... purchase to read more

Industry Report - Industry Key Buyers Chapter

The Dispensing Chemists industry has a moderate level of market share concentration. In 2016, 29.8% of enterprises employed 10 or more people. Increased consolidation activity over the past five years has led to the market share concentration increasing. In 2014, major player Bestway (Holdings) Limited acquired the Co-operative Group’s pharmacy business, which is expected to create greater economies of scale for the UK retailer and enable it to further cut costs and reduce prices. The four largest players within the industry are estimated to account for 58.1% of industry revenue. Pharmacies can be classified on the basis of whether they are a relatively small-scale business or have multiple stores. Lar.. 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
  • Proximity to key markets
  • Easy access for clients
  • IBISWorld analysts also discuss how external factors such as NHS prescriptions volume and Population aged 65 years and over in the Dispensing Chemists industry impact industry performance... purchase to read more

     


    Industry ProductsRelated Reports

    What is the Dispensing Chemists Industry?

    Operators in the industry dispense and retail pharmaceutical goods via community pharmacies and chemists. Pharmacies also provide other NHS services and sell over-the-counter medications and health-related products. This industry does not include non-health-related products. This report does not cover in-store supermarket pharmacies.

    Industry Products
    Branded prescription drugsGeneric prescription drugsCough and cold non-prescription drugs
     
    Industry Activities
    Dispensing prescription pharmaceuticalsRetailing over-the-counter medication


    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • NHS prescriptions volume
  • Population aged 65 years and over
  • Real household disposable income
  • Demand from supermarkets
  • Health consciousness
  • Current Performance
  • Increasingly generic
  • Consolidation and competition
  • Referendum effect
  • New services
  • Changing models
  • Chart: Revenue Growth
  • Industry Outlook
  • The ageing population
  • Industry regulation
  • Expanding services
  • Industry landscape
  • Table: Dispensing Chemists Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Dispensing Chemists Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Consumers
  • Key Selling Industries
  • Perfume & Cosmetics Manufacturing
  • Perfume & Cosmetics Wholesaling
  • Pharmaceutical Preparations Manufacturing
  • Pharmaceutical Wholesaling
  • Products & Services
  • Branded prescription drugs
  • Generic prescription drugs
  • Other
  • Cough and cold non-prescription drugs
  • Chart: Dispensing Chemists Industry Products and Services Segmentation
  • Demand Determinants
    Major Markets
  • People aged between 45 and 64
  • People aged 65 and over
  • People aged between 19 and 44
  • People aged 18 and under
  • Chart: Major Market Segmentation for the Dispensing Chemists Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • 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
    Major Companies
    Walgreens Boots Alliance Inc
    Lloyds Pharmacy Ltd
    Bestway (Holdings) Limited
  • Table: Walgreens Boots Alliance Inc - financial performance
  • Table: Lloyds Pharmacy Ltd - financial performance
  • Table: Bestway (Holdings) Limited - financial performance
  • Operating Conditions
    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
    Key Statistics
  • Table: Industry Data for the Dispensing Chemists Industry
  • Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Jargon & Glossary
    Community Pharmacies
  • Pharmacies that are responsible for providing NHS pharmaceutical services in the local area. Most services are provided under a contractual framework set out by the government.
  • 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.
  • Reimbursement Prices
  • The price paid to the manufacturer above the price set for branded drugs.
  • Release 1
  • Allows pharmacies to access electronic prescription messages from the prescription database.

  • Why Buy this Report?
    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:
    • 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 of 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 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, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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