Market Overview

Enterprises in the business of dispensing pharmacies anticipate sales growth in FY2024, in response to the revision of prescription dispensing fees, various additional reimbursement points (extra fees that can be claimed on top of the standard medical fee) and long-term (repeat) prescription.

Noteworthy Topics

Dispensing Pharmacy Operators Seek Growth and Expansion by Business Diversification

While a downward revision of prescription dispensing fees is anticipated, dispensing pharmacy operators are seeking growth and expansion by diversifying their businesses.
In general, companies in this sector tend to pursue new business areas that meet three criteria: 1) related to or derived from their dispensing operations, 2) aligned with current market and societal needs, and 3) capable of generating synergies with their core dispensing business.
Based on these considerations, dispensing pharmacy operators have expanded into areas such as: 1) sales of dietary supplements and cosmetics for dermatology clinics, 2) pharmacist and nurse staffing and placement services, 3) nursing care-related business, including services and sales of nursing products, and 4) long-term care facility operation, including group homes and daycare centers for the elderly.

Future Outlook

In the past, dispensing services at drugstores (retail chains) did not develop significantly, as the majority of prescriptions were managed by specialized pharmacies located near hospitals. Moreover, efforts varied widely among drugstore operators, with some chains reluctant to enter the dispensing business.
However, drugstore chains are increasingly expected to contribute to local communities by functioning as true “drug” stores, employing qualified pharmacists on regular basis. Accordingly, their presence within the dispensing industry is anticipated to expand.

Research Outline