Number of Kimia Farma Apotek in Indonesia-Ken Research

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Indonesia Pharmacy Retail Market is Driven by
Growing Demand for Generic Drugs and Expansion of
Organized Pharmacy Retail Chains Ken Research
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Implementation of JKN (National Health Insurance
System) by the government, growing foreign
investment in pharmacy retail sector, expansion
of product portfolio by major pharmacy retail
chains were the key factors driving growth in
Indonesia pharmacy retail Market. Indonesia
healthcare market has shown a positive incline
during 2012-2017 but with respect to the
expanding population of Indonesia, the market is
still underserved especially in the
underdeveloped and rural areas as of 2017. The
report titled Indonesia Pharmacy Retail Market
Outlook to 2022 - By Pharmacies Drugstores and
By Region (Central Java, East Java, West Java,
North Sumatra, Jakarta and Others) by Ken
Research suggested a growth at a CAGR of 8.9 in
revenue in Indonesia pharmacy retail Market by
2022   Indonesia pharmacy retail sector is in the
mid to late growth stage with the presence of
over 35,000 drugstores and pharmacies. Both
private as well as public pharmacy retail
companies have entered the market over the past
five years to tap the potential in this sector.
Furthermore, already established players such
Guardian Pharmacy, Kimia Farma, Apotek K-24 have
increased their number of pharmacy retail outlets
over the period 2012-2017.
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The number of pharmacies operated by Guardian
pharmacy reached over 300 in 2016 whereas for
Kimia Farma, the number of pharmacies increased
from over 500 in 2013 to over 800 stores in 2016.
Over 2012-2017, the number of pharmacies
drugstores has inclined at a positive CAGR. Major
organized chains have invested in expanding their
capabilities by focusing on value added services
such as home delivery, prescription records, and
medicine consumption reminder services in order
to become a one stop solution for all pharmacy
needs of the customer. The implementation JKN
scheme has led to an increased demand for generic
drugs as the government has mandated the use of
generic medicines due to lower cost of drugs.
The market is expected to witness an increase in
demand for nutritional products and dietary
supplements due to sedentary lifestyle and
expansion of online retail sales channel to
increase accessibility in the market.   For more
information on the research report, refer to
below link- https//www.kenresearch.com/healthcar
e/pharmaceuticals/indonesia-pharmacy-retail-market
/143544-91.html
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-91.html   Contact UsKen ResearchAnkur Gupta,
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