UK Retail Pharmacy Market Analysis

UK Retail Pharmacy Market Analysis


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UK Retail Pharmacy Market is projected to grow from $27 Bn in 2022 to $39.59 Bn by 2030, registering a CAGR of 4.9% during the forecast period of 2022-30. The development of novel medications for complex conditions in fields including cancer, respiratory, and infectious diseases, supported by NICE appraisals and guidelines, has been the primary driver of growth in the UK retail pharmacy market. Some key players in the UK retail pharmacy market include Boots UK, Lloyds Pharmacy, Well Pharmacy, Superdrug, and Rowlands Pharmacy.

ID: IN10GBPH021 CATEGORY: Pharmaceuticals GEOGRAPHY: UK AUTHOR: Shivam Zalke

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UK Retail Pharmacy Market Executive Summary

UK Retail Pharmacy Market is projected to grow from $27 Bn in 2022 to $39.59 Bn by 2030, registering a CAGR of 4.9% during the forecast period of 2022-30.

The retail pharmacy market in the UK is a highly competitive and regulated industry. The market is dominated by a few large chains, such as Boots and Lloyds Pharmacy, as well as smaller independent pharmacies. The National Health Service (NHS) plays a major role in the market through the National Health Service (Pharmaceutical Services) Regulations, which regulate the prices of prescription drugs. Additionally, the NHS also provides funding for community pharmacies to provide a range of health services, such as flu vaccinations and medication reviews.

In recent years, there has been a trend toward the expansion of online pharmacies, which has led to increased price competition. Additionally, the government has also implemented policies to encourage the growth of smaller independent pharmacies and increase the number of pharmacies in underserved areas. Healthcare reform also plays a role in the UK pharmacy market, with a focus on increasing the role of community pharmacy in the primary care system.

UK retail pharmacy market analysis

Market Dynamics

Market Drivers

Some key drivers of the UK retail pharmacy market include an aging population, an increase in chronic disease, and changes in healthcare policy. Additionally, the growing trend of self-care and consumer demand for convenience also contribute to the growth of the retail pharmacy market. Government funding for the National Health Service (NHS) and changes in regulations also have a significant impact on the market.

Market Restraints

Some key restraints of the UK retail pharmacy market include the increasing competition from online pharmacies and supermarkets, as well as pricing pressures from the government and insurance companies. Additionally, the increasing regulation and scrutiny of the industry can also act as a restraint on the market. Another restraint is the increasing pressure to reduce costs, which can lead to reduced profitability and the closure of independent pharmacies. Also, the increasing trend of remote consultations and the shift of prescriptions online can also be seen as a restraint for the retail pharmacy market.

Competitive Landscape

Key Players

Some key players in the UK retail pharmacy market include:

  • Boots UK,
  • Lloyds Pharmacy,
  • Well Pharmacy,
  • Superdrug, and
  • Rowlands Pharmacy

Healthcare Policies and Regulatory Landscape

The UK retail pharmacy market is heavily regulated by the government through the General Pharmaceutical Council (GPhC) and the Medicines and Healthcare products Regulatory Agency (MHRA). These organizations are responsible for ensuring that pharmacies and pharmacy staff meet certain standards and comply with relevant laws and regulations.

The National Health Service (NHS) also plays a significant role in the retail pharmacy market through its funding and purchasing of drugs. The NHS negotiates prices with pharmaceutical manufacturers and sets reimbursement prices for drugs dispensed in community pharmacies.

In recent years, the UK government has introduced several policies aimed at reducing costs and improving the efficiency of the healthcare system. For example, the NHS has implemented the Community Pharmacy Contractual Framework (CPCF) which aimed to reduce costs and increase the use of community pharmacies in primary care. Also, the government has introduced the Electronic Prescription Service (EPS) which aims to shift the prescribing and dispensing process online, potentially reducing costs and increasing efficiency.

In summary, the retail pharmacy market in the UK is heavily influenced by government policies and regulations, and changes in these policies can have a significant impact on the market.

Overall, the UK retail pharmacy market is expected to continue growing in the coming years, driven by factors such as an aging population and an increase in chronic diseases.

1. Executive Summary
1.1 Disease Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Patient Journey
1.6 Health Insurance Coverage in Country
1.7 Active Pharmaceutical Ingredient (API)
1.8 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Epidemiology of Disease
2.2 Market Size (With Excel & Methodology)
2.3 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Retail Pharmacy Market Segmentation

Pharmacy Product

It mainly includes Pharmaceutical products and it provides information for medical treatments.

  • Prescription
  • OTC

Pharmacy Type

  • Hospital Pharmacy
  • Retail Pharmacy
  • Chain
  • Independent
  • Others
  • ePharmacy
  • Others

Insights10 will provide you with the reports within 10 key parameters which are:

  1. Market Overview
  2. Market Growth Drivers & Restraints
  3. Epidemiology of Disease Type
  4. Market Segmentation
  5. Market Share
  6. Competitive Landscape
  7. Key Company Profiles
  8. Healthcare Policies & Regulatory Framework
  9. Reimbursement Scenario
  10. Factors Driving Future Growth

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The study on the market covers the analysis of the leading geographies such as Asia-Pacific, Africa, Europe, Middle East, North America, and  Latin America for the period of 2022 to 2030. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape, and policy and regulatory scenario, and the quantitative analysis covers different market estimates and forecasts.

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  • Analyzing the regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue/volume
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Last updated on: 14 February 2024
Updated by: Bhanu Pratap Singh

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