Market Research Report :Pharmacy retail market in philippines 2013

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Abstract:
Netscribes’ latest market research report titled Pharmacy Retail Market in Philippines 2013 identifies the healthcare scenario, more specifically, the pharmacy retail scenario in Philippines. The sector is dotted with varied drug distributors, wholesalers, retailers and manufacturers and has also witnessed a spurt in the number of both domestic and foreign concerns in the recent past. The country has been in the wake of a revolution in the likes of decentralization of health system with precise concentration on local health provision and ramified coverage. The sector can be defined in terms of organized and unorganized market with unorganized constituting a major share.
Although a developing country, the Philippines is already being hailed as a prospective market for entry of pharmaceutical companies, which is evident in the growing number of pharmaceutical majors establishing manufacturing facilities within the nation. Moreover, this sector is termed as being profitable owing to the fact that there is marginal price elasticity associated with price increases. The market is characterized with the presence of few large players who hold majority of the market share and boast of having a considerable footprint across the nation.

Table of Contents:
Introduction
Slide 1: Philippines – Demographics (2012)

Pharmaceutical Market Overview
Slide 2: Pharmaceutical Market in Philippines – Overview, Market Size & Growth (2008-2013e), Segmentation (2012)

Regulations to Open Private Pharmacies
Slide 3-9: Regulations
Slide 10-11: FDA Regulations & Basic Checklist
Slide 12-14: Prerequisites for the Practice of Pharmacy
Slide 15-16: Foreign Investment Scenario

Distribution of Public v/s Private Sector Pharmacies
Slide 17: Classification
Slide 18: Philippines Private Pharmacy Retail Outlets
Slide 19-20: Philippines Public-Private Partnership Pharmacy Retail Outlets
Slide 21: Philippines Public Pharmacy Retail Outlets
Slide 22: Distribution of Public vs Private Sector Pharmacies

Performance Review of Private Pharmacies
Slide 23: SWOT Analysis – Private Chain Pharmacy
Slide 24-44: Company Profiles
Slide 45: Chain Pharmacies – Comparative Analysis
Slide 46: Private Standalone Pharmacies in Philippines

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Market Research Report :Pharmacy retail market in philippines 2013

  1. 1. Insert Cover Image using Slide Master View Do not distort Pharmacy Retail Market – Philippines  Pharmacy Retail Market Philippines October 2013
  2. 2. • • • • • Introduction Pharmaceutical Market Overview Regulations to Open Private Pharmacies Distribution of Public vs Private Sector Pharmacies  Performance Review of Private Pharmacies SWOT Company Profiles • • • • • • • Supply Chain Analysis pp y y Importation Policy Mark‐ups on Medicine Price – Distribution Channel‐wise Insurance Penetration Insurance Penetration Salary Structure Conclusion Appendix PHARMACY RETAIL MARKET IN PHILIPPINES2013.PPT 2
  3. 3. Philippines – Overview  Philippines – Statistics • Point 1 • Point 2 • Point 3 • Point 4 Head Figure Population (2013 estimate) x1 Population density (people per sq.  km) (2012) x2 Rural population (% of total  population) (2010) x3 Urban Population (% of total  population) (2010) x4 PHARMACY RETAIL MARKET IN PHILIPPINES2013.PPT 3
  4. 4. Pharmaceutical Market in Philippines – Overview   Philippines – Pharmaceuticals Market Philippines – Pharmaceuticals Market Php bn 200 150 • Point 1 a2 20‐‐ 20‐‐ a4 50 • Point 3 a1 a3 a6 a5 100 • Point 2 +z% 0 20‐‐ 20‐‐ 20‐‐ 20‐‐e • Point 4 • Point 5 Pharmaceuticals Sales – Segmentation (20‐‐) • Point 6 • Point 7 Segment 1 6.0% Segment 2 g Segment 3 24.0% • Point 8 70.0% 70 0% 4
  5. 5. Regulations to set up a Private Pharmacy in Philippines Business Requirements for Opening a Pharmacy in Philippines • Point 1 • Point 2 • Point 3 Different registrations needed to be accounted for  Business Name (BN) Registration  Mayor’s Permit  Tax Identification Number (TIN)  d ifi i b ( ) Social Security System (SSS) Certificate License to Operate (LTO) PHARMACY RETAIL MARKET IN PHILIPPINES2013.PPT 5
  6. 6. Business Name Registration Single Proprietorship Partnership  • Point 1 • Point 1 • Point 2 • Point 2 • Point 3 • Point 3 Requirements Requirements • Point 1 • Point 1 • Point 2 • Point 2 • Point 3 • Point 3 • Point 4 • Point 4 • Point 5 • Point 5 PHARMACY RETAIL MARKET IN PHILIPPINES2013.PPT 6
  7. 7. License to Operate Franchise Agreement Details • Point 1 • Point 2 • Point 3 • Point 4 • Point 5 • Point 6 • Point 7 • Point 8 • Point 9 SAMPLE Certain other materials that are required to be available upon inspection are enumerated as follows C t i th t i l th t i dt b il bl i ti t d f ll • Point 1 • Point 2 • Point 3 Point 3 • Point 4 • Point 5 • Point 6 • Point 7 • Point 8 Point 8 • Point 9 PHARMACY RETAIL MARKET IN PHILIPPINES2013.PPT 7
  8. 8. FDA Regulations and Basic Checklist (1/2) Application to FDA • Point 1 • Point 2 • Point 3 • Point 4 • Point 5 • Point 6 • Point 7 SAMPLE Basic Checklist on How to open a drugstore in Philippines (1/2) • Point 1 • Point 2 • Point 3 • Point 4 Point 4 • Point 5 • Point 6 • Point 7 • Point 8 •P i 9 Point 9 PHARMACY RETAIL MARKET IN PHILIPPINES2013.PPT 8
  9. 9. Executive Order 98 promulgating 9th Regular Foreign  Investment Negative List (29th Oct, 2012) (1/2) Foreign Negative List that forbids FDI in certain domains SAMPLE • Point 1 • Point 2 • Point 3 Section 1: Ninth Regular Foreign Investment  Negative List Section 2: Amendments • • • Point 1 • Point 2 Section 3: Repeal • • Point 1 Point 2 Point 1 Point 2 i 2 Section 4: Separability • • Point 1 Point 2 PHARMACY RETAIL MARKET IN PHILIPPINES2013.PPT Section 5: Effectivity • • Point 1 Point 2 9
  10. 10. Executive Order 98 promulgating 9th Regular Foreign  Investment Negative List (29th Oct, 2012) (2/2) Annex A – List A : Foreign ownership is limited by mandate of the Constitution and specific laws No Foreign Equity : Practice of all professions (Art XII, Sec 14 of the Constitution, Sec 1 of RA 5181)  Medicine  No Foreign Equity : Practice of all professions (Art XII, Sec 14 of the Constitution, Sec 1 of RA 5181) – Medicine & Allied Professions  B A C L K E F J G I H PHARMACY RETAIL MARKET IN PHILIPPINES2013.PPT 10
  11. 11. Philippines Pharmacy Retail Outlets – Classification At present, there are ~y pharmacy retail outlets in Philippines • Point 1 SAMPLE • Point 2 • Point 3 •P i t 4 Point 4 Community Pharmacy Private Pharmacy Hospital Pharmacy Public‐Private  Partnership (PPP)  Pharmacy Chain Pharmacy Botika ng Bayan Standalone Pharmacy Private Pharmacy Botika ng Barangay PHARMACY RETAIL MARKET IN PHILIPPINES2013.PPT Public Pharmacy The total hospital pharmacy business  contributes about x% of the total  pharmaceutical retail business h ti l t il b i 11
  12. 12. Philippines Private Pharmacy Retail Outlets Private Pharmacy – Scenario Total No. of Private  Pharmacy Community Private  Pharmacy Hospital Private  Pharmacy Organized Pharmacy Unorganized Pharmacy Share Share x1 x2 x3 Y1% Y2% • Point 1 • Point 2 • Point 3 • Point 4 • Point 5 • Point 6 •P i t 7 Point 7 • Point 8 • Point 9 • Point 10 PHARMACY RETAIL MARKET IN PHILIPPINES2013.PPT 12
  13. 13. Philippines Public‐Private Partnership Pharmacy Retail  Outlets (1/2) Public‐Private Partnership (PPP) Pharmacy – Scenario (1/2) Botika ng Bayan Outlets Year 20‐‐ x2 20‐‐ x3 20‐‐ x4 20‐‐ • Point 2 x1 20‐‐ • Point 1 Cumulative  Number x5 • Point 3 • Point 4 • Point 5 • Point 6 • Point 7 • Point 8 Point 8 • Point 9 • Point 10 Compounded Annual Growth Rate  during 2006‐10: y% PHARMACY RETAIL MARKET IN PHILIPPINES2013.PPT 13
  14. 14. Philippines Public Pharmacy Retail Outlets Public Pharmacy – Scenario • Point 1 • Point 2 • Point 3 • Point 4 SAMPLE • Point 5 Designation 10‐15 Staffing Pattern in a Hospital Pharmacy No. of Beds 50 100 25 Tertiary Hospital Tertiary Hospital 200 200 300 Regular Medical Centre Regular Medical Centre Chief Pharmacist Supervising Pharmacist Senior Pharmacist (s) Pharmacist (s) Lab. Aide (s) Clerk (s) Storekeeper Utility Worker PHARMACY RETAIL MARKET IN PHILIPPINES2013.PPT 14
  15. 15. SWOT Analysis – Private Chain Pharmacy • Strength 1 • Weakness 1 • Strength 2 Strength 2 • Weakness 2 Weakness 2 • Strength 3 • Weakness 3 g • Strength 4 • Weakness 4 W O • Opportunity 1 S T • Threat 1 pp y • Opportunity 2 • Threat 2 • Opportunity 3 • Threat 3 • Opportunity 4 • Threat 4 15
  16. 16. Private Chain Pharmacy: Company A  Company Information Corporate Address Address 1 Tel No. +xx‐yy‐‐wwwww Fax No. ‐ Email ‐ Website www.xxx.com Year Founded Year Founded 20‐‐ Business Description (1/3) Description p News Brief History • Point 1 • Point 2 Business Overview Business Overview • Point 1 • Point 2 No. of Stores • Point 1 • Point 2 Product Mix •P i 1 Point 1 • Point 2 PHARMACY RETAIL MARKET IN PHILIPPINES2013.PPT 16
  17. 17. Private Chain Pharmacy: Company A  Business Description (3/3) Description  News Store Formats Store Formats • Point 1 • Point 2 Financial Performance • Point 1 • Point 2 SAMPLE Region Name No. of Stores Region 1 x1 Region 2 Region 2 x2 Region 3 x3 Region 4 x4 Total No. of Stores x There are b Watsons stores located in Metro Manila, which represents z% of the total no. of stores and comprises the highest share  compared to the other regions   PHARMACY RETAIL MARKET IN PHILIPPINES2013.PPT 17
  18. 18. Pharmaceutical Supply Chain Network in Philippines (1/7) Supply Chain Analysis (1/2) •P i t 1 Point 1 • Point 1 • Point 2 •P i 3 Point 3 • Point 4 • Point 2 • Point 3 • Point 4 • Point 5 • Point 5 • Point 6 Segment 1 • Point 7 • Point 8 Segment 2 35.0% • Point 9 65.0% • Point 10 PHARMACY RETAIL MARKET IN PHILIPPINES2013.PPT 18
  19. 19. Pharmaceutical Supply Chain Network in Philippines (3/7) Supply Chain of an MNC Drug Trader Importation Manufacturing A B C E Distribution • Point 1 • Point 2 • Point 3 D SAMPLE PHARMACY RETAIL MARKET IN PHILIPPINES2013.PPT 19
  20. 20. Parallel Drug Importation (2/3) Retailing of Parallel Drug Imports in the Philippines (1/2) D A B E J F C I K G L H PHARMACY RETAIL MARKET IN PHILIPPINES2013.PPT 20
  21. 21. Pharmaceutical Distribution Chanel in Philippines Pharmaceutical Distribution Channel – Cost Additions Stage‐wise xx yy a or Stage 1 a b c Stage 2 b f Stage 3 d c g e i h j l k Retail m or n 0 Dispensed Cost PHARMACY RETAIL MARKET IN PHILIPPINES2013.PPT 21
  22. 22. Analysis of Mark ups on Medicine Price (Originator Brand  and Generics) Medicine O g ato a d (O ) Originator Brand (OB) Ge e cs Generics • Point 1 • Point 1 • Point 2 • Point 2 • Point 3 • Point 4 Medicine Dosage form Strength OB brand  name • Point 1 • Point 2 • Point 3 i PHARMACY RETAIL MARKET IN PHILIPPINES2013.PPT 22
  23. 23. Analysis of Mark ups on Medicine Price (Originator Brand  and Generics) – Stage 1 Manufacturer’s Selling Price (MSP) • Point 1 Point 1 • Point 2 • Point 3 SAMPLE Share of Mark‐ups for Locally Produced Generic Medicine Segment 1 Segment 2 • Point 1 Segment 3 33% Segment 4 • Point 2 57% 3% 7% • Point 3 PHARMACY RETAIL MARKET IN PHILIPPINES2013.PPT 23
  24. 24. Analysis of Mark ups on Medicine Price (Originator Brand  and Generics) – Stage 3 Wholesaler (1/2) Originator Brands • Point 1 •P i t 2 Point 2 • Point 3 • Point 4 SAMPLE Generics (1/2) Generic Medicine Distributor Mark‐ups • Point 1 • Point 2 • Point 3 Point 3 PHARMACY RETAIL MARKET IN PHILIPPINES2013.PPT 24
  25. 25. Analysis of Mark ups on Medicine Price (Originator Brand  and Generics) – Stage 4 Retailer (1/2) • Point 1  Point 2 Originator Brands Type of Retailer Retailer Mark‐ups on OB Private standalone pharmacy  Private chain pharmacy Private chain pharmacy Public hospital pharmacy • Point 1 • Point 2 • Point 3 Point 3 • Point 4 SAMPLE PHARMACY RETAIL MARKET IN PHILIPPINES2013.PPT 25
  26. 26. Health Insurance Scenario in Philippines Health Insurance – Philippines  • Point 1 Point 1 • Point 2 • Point 3 • Point 4 • Point 5 • Point 6 • Point 7 Different types of health insurance plans that are prevalent in the Philippines are as follows PhilHealth PhilH lth Private Health  Insurance Health  Maintenance  M i Organization International  International Health Insurance PHARMACY RETAIL MARKET IN PHILIPPINES2013.PPT Expatriate Health  p Insurance 26
  27. 27. Salary Structure in Philippines for Pharmacists Compensation • Point 1 Point 1 • Point 2 Grade Step 1  p Step 2 p Step 3  p Step 4 p Step 5 p Step 6 p Step 7  p Step 8 p • Point 1 • Point 2 • Point 3 • Point 4 SAMPLE • Point 5 Finding 1 PHARMACY RETAIL MARKET IN PHILIPPINES2013.PPT 27
  28. 28. Thank you for the attention Pharmacy Retail Market – Philippines report is part of Netscribes’ Healthcare Industry Series. For any queries or customized research requirements, contact us at: Phone: Ph E‐Mail: +91 22 4098 7600 91 22 4098 7600 info@netscribes.com Follow us on: About Netscribes, Inc. Netscribes, Inc. is a knowledge‐consulting and solutions firm with clientele across the globe. The company’s expertise spans areas of  , g g f g p y p p f investment & business research, business & corporate intelligence, content‐management services, and knowledge‐software services. At its  core lies a true value proposition that draws upon a vast knowledge base. Netscribes, Inc. is a one‐stop shop designed to fulfil clients’  profitability and growth objectives. Disclaimer: This report is published for general information only. Although high standards have been used in the preparation,  Netscribes is Disclaimer: This report is published for general information only Although high standards have been used in the preparation “Netscribes” is  not responsible for any loss or damage arising from use of this document. This document is the sole property of Netscribes and prior  permission is required for guidelines on reproduction. PHARMACY RETAIL MARKET IN PHILIPPINES2013.PPT 28

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