Number of drugstores Philippines 2016-2017, by chain
Medicines, just like food, is a necessity, therefore expenditure on healthcare are a leading cost factor to the average household spending in the Philippines. In the Philippines, there was about 2,026 number of drugstores by Generics Pharmacy in 2017.
Drugstore businesses
Several businesses are available for investors in the Philippines and putting up a drugstore business is an option since the population of the country increases. When falling sick or in need of aid for an ailment, going to the drugstore to buy inexpensive medicines is usually the most practical option for consumers. The medication they get, have about the same effect as the branded ones. Besides, most drugstores in the country sell not just medicinal products, but also other consumer products such as cosmetics, toiletries, hygiene products etc.
Pharmaceutical brands
The procurement of healthcare and medicinal products across the Philippines has not been unchallenging since some of these products are not geographically easy to reach by pharmaceutical traders. Brands such as Sanofi, Pfizer, and GlaxoSmithKline are some of the biggest brands in the country, and they account for about 75 percent of the pharmaceutical market share.
Drugstore businesses
Several businesses are available for investors in the Philippines and putting up a drugstore business is an option since the population of the country increases. When falling sick or in need of aid for an ailment, going to the drugstore to buy inexpensive medicines is usually the most practical option for consumers. The medication they get, have about the same effect as the branded ones. Besides, most drugstores in the country sell not just medicinal products, but also other consumer products such as cosmetics, toiletries, hygiene products etc.
Pharmaceutical brands
The procurement of healthcare and medicinal products across the Philippines has not been unchallenging since some of these products are not geographically easy to reach by pharmaceutical traders. Brands such as Sanofi, Pfizer, and GlaxoSmithKline are some of the biggest brands in the country, and they account for about 75 percent of the pharmaceutical market share.
