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The UK Pharmacy Market 2012 - 2017

The UK Pharmacy Market 2012 - 2017

  • May 2018
  • 55 pages
  • ID: 5644328
  • Format: PDF

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The UK Pharmacy Market 2012 - 2017

Summary
"The UK Pharmacy Market 2012 - 2017", report offers comprehensive insight and analysis of the pharmacy market, the major players, the main trends and consumer attitudes. It provides in-depth analysis of the following: the hot issues impacting the market, strategies for success, market sizes, retailer profiles, retailer market shares, and consumer data. Consumer data is based on our 2018 UK Pharmacy survey, using a panel of 2,500 nationally representative consumers.

The UK Pharmacy market reached £15.6bn in 2017, a rise of £1.7bn on 2012. The growing trend of self-care and health & wellbeing has encouraged spending on OTC & other health, with the category outperforming the total market over the five years to 2017. NHS receipts accounted for 69.6% of the total UK pharmacy market, a drop of 2.1 percentage points compared to 2016, emphasising the government’s NHS funding cuts.

Scope
- While Boots’ pharmacy market share dropped back in 2017, it has retained its lead over the rest of the market, accounting for over 20% of the sector.
- OTC & other health accounted for 30.4% of the total pharmacy market in 2017, an increase of 2.1 percentage points on 2012 as the health & wellness trend continues to grow.
- The impact of funding cuts was evident in 2017 as pharmacy numbers contracted by 0.2%.
- Prescription penetration is highest among over 55s with 89.9% needing a prescription in the last 18 months.

Reasons to buy
- Utilise the detailed data and insight on the market including NHS receipts, OTC and other health to inform future growth strategies.
- Learn how the UK’s ageing population and growing interest in health & wellbeing will impact the market and consider whether you are investing in the right product categories.
- Identify which retailers are dominating the pharmacy market and adapt your strategy to better position yourself against rivals.

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