Indonesia Pharmacy Retail Market is Expected to Reach USD 5.9 Billion by 2022: Ken Research Indonesia pharmacy retail market segment (by pharmacies & drugstores and by region), value chain, trends, growth drivers, and competitive landscape of major pharmacy retail companies including Guardian Pharmacy, Kimia Farma, Apotek K-24, A S Watsons Group, and Century Healthcare. The report concludes with market projection for future and analyst recommendations highlighting the major opportunities and cautions.
The healthcare market in Indonesia was majorly impacted by the implementation of JKN (Indonesian National Health Insurance) as the demand for affordable/primary healthcare services, generic medicines and medical devices increased. Indonesia pharmacy retail market is highly fragmented with organized pharmacy retail chains contributing less than 8% to the revenue share. Major organized chains include Guardian pharmacy, Kimia Farma, Apotek K-24 and AS Watsons Group. The pharmacy retail market has witnessed growing adoption of online retail as a distribution channel to increase accessibility and widen their customer reach. Indonesia Healthcare market will be facilitated by the rising number of healthcare providers coupled with elevating prevalence of chronic diseases such as diabetes, HIV, Tuberculosis and others. More than 35,000 new beds are likely to be added in Indonesia by 2020. The high prevalence of infectious diseases, widespread generic drug supply, rising purchasing power, increasing affordability of healthcare products and the large over-thecounter medicines market will help to drive growth in Indonesia’s pharmacy retail sector. Further, with the implementation of JKN by the government, the demand for prescription and generic drugs will increase. This will lead more pharmacies to set up around public and