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This report presents a strategic analysis of the Kenya Retail Pharmacy Market and a forecast for its development in the medium and long term. It provides a broad overview of the market dynamics, trends and insights, growth drivers and restraints, segmentation, competitive landscape, healthcare policies and regulatory framework, reimbursement scenario, challenges and future outlook. To get a detailed report, contact us at - info@insights10.com
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A sample report on Kenya Retail Pharmacy Market Analysis Includes Market Size, Market Segmented by Types and Key Competitors (Data forecasts from 2022 – 2030F) www.insights10.com
This report presents a strategic analysis of the Kenya Retail Pharmacy Market and a forecast for its development in the medium and long term. It provides a comprehensive overview of the market value, dynamics, segmentation, main players, growth and demand drivers, challenges & future outlook, etc. This is one of the most comprehensive reports about the Kenya Retail Pharmacy Market, and offers unmatched value, accuracy, and expert insights
Report Scope Report Attribute Details Number of Pages 70-80 Base Year for Estimation 2022 Forecast Period 2023-2030 Market Overview, Revenue Forecast, Market Segmentation, Growth Factors and Trends, Competitive Landscape, Key Company Profiles, Government Policies, Regulatory Landscape, Reimbursement Scenario Report Coverage Quantitative Units Revenue in USD Million/Billion (Mn/Bn) Research Approach Secondary Research (60%), Primary Research (40%) Click on the icon to know the detailed methodology 3 A Sample Report on Kenya Retail Pharmacy Market Analysis I Confidential
Table of Content CONTENT PG. NO. 12-24 1. Retail Pharmacy Overview 1.1. Overview 1.2. Kenya Overview 1.3. Economic Overview: Kenya 1.4. Retail Pharmacy Market in Kenya 1.5. Pharmaceuticals Market in Kenya 1.6. Healthcare Scenario in Kenya 1.7. Health Insurance Coverage: Kenya 1.8. Budget of the Government for Public Insurance 1.9. Mergers and Acquisitions 25-30 2. Market Size and Forecasting 2.1 Market size and forecasts (Excel and Methodology) 4 A Sample Report on Kenya Retail Pharmacy Market Analysis I Confidential
Table of Content CONTENT PG. NO. 2.2. Market Segmentation 2.2.1. By Product 2.2.2. By Therapeutic Area 2.2.3. By Distribution Channel 31-35 3. Market Dynamics 3.1. Market Growth Drivers 3.1.1. Growing Population 3.1.2. Increasing Burden of Communicable Diseases 3.1.3. Rising Government Support 3.2. Market Restraints 3.2.1. Limited Healthcare Infrastructure 3.2.2. Regulatory Challenges 5 A Sample Report on Kenya Retail Pharmacy Market Analysis I Confidential
Table of Content CONTENT PG. NO. 3.2.3. Financial Viability 36-45 4. Competitive Landscape 4.1. Major Market Share 4.2. Key Company Profile 4.2.1. Goodlife Pharmacy 4.2.1.1. Overview 4.2.1.2. Product Applications & Services 4.2.1.3. Recent Developments 4.2.1.4. Partnerships Ecosystem 4.2.1.5. Financials (Based on Availability) 4.2.2. Meds Pharmacy 4.2.2.1. Overview 6 A Sample Report on Kenya Retail Pharmacy Market Analysis I Confidential
Table of Content CONTENT PG. NO. 4.2.2.2. Product Applications & Services 4.2.2.3. Recent Developments 4.2.2.4. Partnerships Ecosystem 4.2.2.5. Financials (Based on Availability) 4.2.3. Tuskys Pharmacy 4.2.3.1. Overview 4.2.3.2. Product Applications & Services 4.2.3.3. Recent Developments 4.2.3.4. Partnerships Ecosystem 4.2.3.5. Financials (Based on Availability) 4.2.4. Chandarana Pharmacy 4.2.4.1. Overview 7 A Sample Report on Kenya Retail Pharmacy Market Analysis I Confidential
Table of Content CONTENT PG. NO. 4.2.4.2. Product Applications & Services 4.2.4.3. Recent Developments 4.2.4.4. Partnerships Ecosystem 4.2.4.5. Financials (Based on Availability) 4.2.5. The Nairobi Women's Hospital Pharmacy 4.2.5.1. Overview 4.2.5.2. Product Applications & Services 4.2.5.3. Recent Developments 4.2.5.4. Partnerships Ecosystem 4.2.5.5. Financials (Based on Availability) 4.2.6. Silvergate Pharmacies 4.2.6.1. Overview 8 A Sample Report on Kenya Retail Pharmacy Market Analysis I Confidential
Table of Content CONTENT PG. NO. 4.2.6.2. Product Applications & Services 4.2.6.3. Recent Developments 4.2.6.4. Partnerships Ecosystem 4.2.6.5. Financials (Based on Availability) 4.2.7. Norkan Pharmacy 4.2.7.1. Overview 4.2.7.2. Product Applications & Services 4.2.7.3. Recent Developments 4.2.7.4. Partnerships Ecosystem 4.2.7.5. Financials (Based on Availability) 4.2.8. Haltons Pharmacy 4.2.8.1. Overview 9 A Sample Report on Kenya Retail Pharmacy Market Analysis I Confidential
Table of Content CONTENT PG. NO. 4.2.8.2. Product Applications & Services 4.2.8.3. Recent Developments 4.2.8.4. Partnerships Ecosystem 4.2.8.5. Financials (Based on Availability) 4.2.9. Dawa Limited 4.2.9.1. Overview 4.2.9.2. Product Applications & Services 4.2.9.3. Recent Developments 4.2.9.4. Partnerships Ecosystem 4.2.9.5. Financials (Based on Availability) 4.2.10. Alpha Pharmacy 4.2.10.1. Overview 10 A Sample Report on Kenya Retail Pharmacy Market Analysis I Confidential
Table of Content CONTENT PG. NO. 4.2.10.2. Product Applications & Services 4.2.10.3. Recent Developments 4.2.10.4. Partnerships Ecosystem 4.2.10.5. Financials (Based on Availability) 46-53 5. Reimbursement Scenario 5.1. Reimbursement Regulation 5.2. Reimbursement Process for Diagnosis 5.3. Reimbursement Process for Treatment 54-60 6. Methodology & Scope 11 A Sample Report on Kenya Retail Pharmacy Market Analysis I Confidential
Kenya Retail Pharmacy Market Analysis 1. Retail Pharmacy Overview
Overview of Global Retail Pharmacy Trends Retail Pharmacy Industry: Facts and Emerging Trends Please be aware that this sample report is intended to provide you with a brief overview of the kind of information and analysis that will be presented in the final report ▪ 15% and 30% Is regional pharmacies represented of stores and prescription revenue Respectively in US in 2021 138,000 Is on a per-store basis, retail chains dispense annually about 50% more than grocers, the next largest prescription dispensers per retail location in US in 2021 In this section you will get an understanding of the topic, which includes the prevalence of the disease, the application of medical devices, new technology, and other details related to the topic ▪ >90% Retail Pharmacies generate revenue from prescription medications in North America 71% and 29% Is the average sale of retail pharmacies hospital pharmacies respectively across the Asia In order to obtain access to all of the information that you are seeking, you will need to purchase the final report ▪ 40% of all pharmacies are still independently owned in North America Final report will be comprehensive and detailed, and it will include data, analysis, trends, and other relevant information related to the topic or subject matter of interest ▪ 13 A Sample Report on Kenya Retail Pharmacy Market Analysis I Confidential
1.1 Statistics at a Glance: The Burden of Retail Pharmacy in the World (continued) Europe ~Revenue to reach $XX Bn by 2027 North America ~ Market Size of $XX Bn Asia -Fastest CAGR Kenya Middle East Market ~$XX Bn Market ~Market Size of $XX Bn 14 A Sample Report on Kenya Retail Pharmacy Market Analysis I Confidential
1.2 Kenya Overview Please be aware that this sample report is intended to provide you with a brief overview of the kind of information and analysis that will be presented in the final report ▪ In this section you will get an understanding of the demographics of the country/region, which includes the population, GDP, healthcare expenditure and other details related to the topic ▪ 54 Mn Is the total population of Kenya in 2021 $$106.2 Bn Gross domestic product (GDP) of Kenya in 2021 In order to obtain access to all of the information that you are seeking, you will need to purchase the final report ▪ Final report will be comprehensive and detailed, and it will include data, analysis, trends, and other relevant information related to the topic or subject matter of interest ▪ 20.1 years Is the median age in Kenya $6.5 Bn Health expenditure in Kenya in 2021 15 A Sample Report on Kenya Retail Pharmacy Market Analysis I Confidential
1.3 Economic Overview: Kenya Population of Kenya, (2020-2030) GDP of Kenya, (2020-2030) XX XX XX XX 2020 2021 2022 2023F 2024F 2025F 2026F 2027F 2028F 2029F 2023F 2020 2021 2022 2023F 2024F 2025F 2026F 2027F 2028F 2029F 2023F Population Split (2023) In this section you will get an understanding of the demographics of the country/region, which includes the population, GDP, healthcare expenditure and other details related to the topic ▪ By Gender By Age Group In order to obtain access to all of the information that you are seeking, you will need to purchase the final report ▪ 0-14 15-24 25-54 Male 49% Female 51% Final report will be comprehensive and detailed, and it will include data, analysis, trends, and other relevant information related to the topic or subject matter of interest ▪ 55-64 65+ Illustrative Illustrative 16 A Sample Report on Kenya Retail Pharmacy Market Analysis I Confidential
1.4 Overview of Retail Pharmacy in Kenya Highlights of Retail Pharmacy in Kenya Please be aware that this sample report is intended to provide you with a brief overview of the kind of information and analysis that will be presented in the final report ▪ According to the Private Sector Innovation Programme for Health (PSP4H), 4,000 of the country's 12,000 pharmacies are licensed by Kenya's Pharmacy and Poisons Board (PPB) in Kenya In this section you will get an understanding of the topic, which includes the prevalence of the disease, the application of medical devices, new technology, and other details related to the topic in Kenya ▪ Kenya Pharmaceutical Association (KPA) is a professional group of regulated pharmaceutical technologists with a membership of 7,500 of which 3,200 are community pharmacists who either own or manage their stores Kenya Pharmaceutical Association (KPA) is a professional group of regulated pharmaceutical technologists with a membership of 7,500 of which 3,200 are community pharmacists who either own or manage their stores In order to obtain access to all of the information that you are seeking, you will need to purchase the final report ▪ Kenya’s Pharmacy & Poisons Board (PPB) is actively involved in regulating and enhancing the sector from a quality perspective, in 2011, for example, an estimated 20-25% of drugs sold in the country were counterfeit Final report will be comprehensive and detailed, and it will include data, analysis, trends, and other relevant information related to the topic or subject matter of interest ▪ 17 A Sample Report on Kenya Retail Pharmacy Market Analysis I Confidential
1.5 Pharmaceuticals in Kenya Kenya Pharmaceuticals Market Forecast, 2022-2030 (in $Bn) XX XX XX XX XX XX XX XX XX 2022 2023F 2024F 2025F 2026F 2027F 2028F 2029F 2030F Please be aware that this sample report is intended to provide you with a brief overview of the kind of information and analysis that will be presented in the final report ▪ In this section you will get an understanding of the overall Pharmaceuticals market in Kenya, which includes the market size, current trends and other details related to the topic ▪ In order to obtain access to all of the information that you are seeking, you will need to purchase the final report ▪ Final report will be comprehensive and detailed, and it will include data, analysis, trends, and other relevant information related to the topic or subject matter of interest ▪ Illustrative Illustrative 18 A Sample Report on Kenya Retail Pharmacy Market Analysis I Confidential
1.6 Healthcare Scenario in Kenya Kenya's healthcare system is a mix of public and private providers. The Ministry of Health is responsible for policy formulation and overall coordination of the sector Public healthcare services are offered through government hospitals, health centers, and dispensaries Private healthcare facilities are operated by non-governmental organizations (NGOs), faith-based organizations, and for-profit entities Kenya's healthcare system is a mix of public and private providers. The Ministry of Health is responsible for policy formulation and overall coordination of the sector Universal Health Coverage (UHC): UHC program to provide affordable healthcare to all Kenyan citizens. The aim is to gradually expand coverage and reduce the financial burden of healthcare Healthcare Workforce Development: Steps have been taken to address the shortage of healthcare professionals by training and hiring more doctors, nurses, and other healthcare workers. Additionally, efforts have been made to deploy health workers to rural areas ▪ o o ▪ ▪ ▪ Key aspects related to pharmaceutical management in Kenya Pharmacy and Poisons Board (PPB) is the regulatory authority responsible for ensuring the quality, safety, and efficacy of pharmaceutical products in Kenya. Regulatory Authority ▪ PPB is responsible for the registration of pharmaceutical products in Kenya Drug Registration ▪ Public procurement and distribution of pharmaceutical products in Kenya are primarily managed by the Kenya Medical Supplies Authority (KEMSA) Procurement and Distribution ▪ PPB conducts quality control inspections of pharmaceutical manufacturing facilities to ensure compliance with Good Manufacturing Practices (GMP) ▪ Quality Control In Kenya, the Pharmacovigilance Directorate under the Pharmacy and Poisons Board is responsible for monitoring and reporting adverse drug reactions and ensuring the safety of pharmaceutical products ▪ Pharmacovigilance 19 A Sample Report on Kenya Retail Pharmacy Market Analysis I Confidential
1.7 Health Insurance Coverage: US % of People by Type of Health Insurance Coverage (2021) Number of People By Health Insurance Coverage Coverage Type 2020 2021 Change % 8.3 Uninsured Total 327,521 328,074 91.7 With health insurance Any health plan 299,230 300,887 0.4 Any private plan 217,896 216,366 –0.6 66.0 Any private plan Employment-based 178,737 178,285 –0.2 54.3 Employment-based Direct-purchase 33,869 33,555 –0.1 10.2 Direct-purchase Marketplace coverage 10,924 11,389 0.1 3.5 Marketplace TRICARE 9,165 8,299 –0.3 2.5 TRICARE Any public plan 112,925 117,095 1.2 Medicare 58,541 60,226 0.5 35.7 Any public plan 18.4 Medicare Medicaid 58,778 61,940 0.9 18.9 Medicaid VA and CHAMPVA 2,967 3,151 0.1 1.0 VA and CHAMPVA Uninsured 28,291 27,187 –0.4 In 2021, most people (91.7%) had health insurance coverage at some point during 2021 and 8.3 % of people were uninsured for the entire calendar year More people had private health insurance (66%) than public coverage (35.7%) Employer-based insurance was the most common subtype of health insurance in the civilian, noninstitutionalized population (54.3%), followed by Medicaid (18.9%), Medicare (18.4%), direct-purchase insurance (10.2%), TRICARE (2.5%), and VA and CHAMPVA health care (1%) ▪ ▪ ▪ Illustrative Illustrative 20 A Sample Report on Kenya Retail Pharmacy Market Analysis I Confidential
1.8 Budget of Kenya Government for Public Insurance Proposed Budget By Category 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2022-31 Outlays $769 $709 $766 $841 $840 $947 $1,014 $1,085 $1,227 $1,178 $1,325 $1,412 $10,633 Medicare In Billions Of Dollars $458 $521 $571 $582 $616 $645 $674 $698 $734 $768 $801 $837 $6,926 Medicaid 3.7% 3.2% 3.3% 3.4% 3.3% 3.6% 3.7% 3.8% 4.1% 3.8% 4.1% 4.2% 3.7% Medicare As % Of GDP 2.2% 2.4% 2.4% 2.4% 2.4% 2.4% 2.4% 2.4% 2.5% 2.5% 2.5% 2.5% 2.4% Medicaid National Health Expenditures (NHE) grew 2.7% to $4.3 trillion in 2021, or $12,914 per person, and accounted for 18.3% of Gross Domestic Product (GDP) ▪ Medicare spending grew 8.4% to $900.8 billion in 2021, or 21% of total NHE ▪ Medicaid spending grew 9.2% to $734.0 billion in 2021, or 17% of total NHE ▪ Private health insurance spending grew 5.8% to $1,211.4 billion in 2021, or 28% of total NHE ▪ Out of pocket spending grew 10.4% to $433.2 billion in 2021, or 10% of total NHE ▪ Other Third Party Payers and Programs and Public Health Activity spending declined 20.7% in 2021 to $596.6 billion, or 14% of total NHE ▪ Hospital expenditures grew 4.4% to $1,323.9 billion in 2021, slower than the 6.2% growth in 2020 ▪ Physician and clinical services expenditures grew 5.6% to $864.6 billion in 2021, slower growth than the 6.6% in 2020 ▪ Prescription drug spending increased 7.8% to $378.0 billion in 2021, faster than the 3.7% growth in 2020 ▪ Largest shares of total health spending were sponsored by the federal government (34%) and the households (27%). The private business share of health spending accounted for 17% of total health care spending, state and local governments accounted for 15%, and other private revenues accounted for 7% ▪ Illustrative Illustrative 21 A Sample Report on Kenya Retail Pharmacy Market Analysis I Confidential
1.9 Mergers and Acquisitions RCM M&A Deal Value Trend ($Bn) RCM M&A Deal Volume Trend $16.7 112 110 107 107 89 82 $11.7 $10.5 $7.7 $6.8 $6.0 1H 2020 2H 2020 1H 2021 2H 2021 1H 2022 2H 2022 1H 2020 2H 2020 1H 2021 2H 2021 1H 2022 2H 2022 Buyer Composition: Strategic Vs Financial (2020) Buyer Type by Deal Size ($Mn) 39% 41% 41% 42% 58% 59% 59% 61% Strategic Buyers Financial Buyers $0- $25 $25-$50 $50-$100 $100+ 57% of the total deal volume are done by strategic buyers and the rest 43% are done by financial buyers in 2020 Illustrative Illustrative 22 A Sample Report on Kenya Retail Pharmacy Market Analysis I Confidential
1.9 Mergers and Acquisitions (continued) Latest Deals In Kenya Amount / Duration Company Name Type Year Key Pointers AmerisourceBergen and Walgreens Boots Alliance entered into a strategic alliance ▪ Walgreens Boots Alliance Healthcare Business was acquired by AmerisourceBergen Acquisition January 2021 - Walgreens Boots Alliance Healthcare Business was acquired by AmerisourceBergen, enabling it to increase its focus on growing retail pharmacy business ▪ 23 A Sample Report on Kenya Retail Pharmacy Market Analysis I Confidential
1.9 Mergers and Acquisitions(continued) Latest Deals In Kenya Amount / Duration Company Name Type Year Key Pointers Merger - Acquisition - Illustrative Illustrative 24 A Sample Report on Kenya Retail Pharmacy Market Analysis I Confidential
Kenya Retail Pharmacy Market Analysis 2. Market Size and Forecasting
2.1 Market size and forecasts (Excel and Methodology) Click on the icon to know the methodology and assumption Kenya Retail Pharmacy Market Forecast, 2022-2030 (in $Bn) Please be aware that this sample report is intended to provide you with a brief overview of the kind of information and analysis that will be presented in the final report ▪ XX XX In this section you will get an understanding of the overall Healthcare Insurance market in Malaysia, which includes the market size, current trends and other details related to the topic ▪ 2022 2023F 2024F 2025F 2026F 2025 2027F 2026 2028F 2027 2029F 2030F 2023 2024 2028 2029 2030 In order to obtain access to all of the information that you are seeking, you will need to purchase the final report ▪ Major Markets Patient (Mn) 2.74 2.82 2.90 2.94 2.98 3.02 3.07 3.12 Kenya Patient Size (Bn) 0.51 0.61 0.68 0.69 0.70 0.71 0.72 0.73 Final report will be comprehensive and detailed, and it will include data, analysis, trends, and other relevant information related to the topic or subject matter of interest ▪ % of US Patients 18.75% 21.70% 23.56% 23.45% 23.42% 23.39% 23.34% 23.45% Global Market Size (Bn $) 3,620 3,780 3,950 4,128 4,314 4,508 4,711 4,937 Kenya Market Size (Bn $) 61 74 84 87 91 95 99 106 Illustrative Illustrative 26 A Sample Report on Kenya Retail Pharmacy Market Analysis I Confidential
2.2 Snapshot of Retail Pharmacy Market Segmentation By Product By Therapeutic Area By Distribution Channel Online Pharmacy Prescription Drugs Anti-Infective Over-the-Counter Medications Hospital Pharmacy Cardiovascular Vitamins & Supplements Vitamins/Minerals/Nu trients Community Pharmacy Medical Equipment Pain/Analgesics Antibiotic Dermatology Neurology In this section you will get an understanding of the segmentations which will cover the Kenya Retail Pharmacy Market In order to obtain access to all of the information that you are seeking, you will need to purchase the final report ▪ ▪ 27 A Sample Report on Kenya Retail Pharmacy Market Analysis I Confidential
2.2.1 Market Segmentation: By Product Type Kenya Retail Pharmacy Market Share, By Product Type (2022) Prescription drug market in Kenya is a significant component of the overall Retail Pharmacy treatment market ▪ Medical Equipment Please be aware that this sample report is intended to provide you with a brief overview of the kind of information and analysis that will be presented in the final report ▪ Vitamins & Supplements In order to obtain access to all of the information that you are seeking, you will need to purchase the final report ▪ Prescription Drugs Final report will be comprehensive and detailed, and it will include data, analysis, trends, and other relevant information related to the topic or subject matter of interest ▪ Over-the-Counter Medications Illustrative Illustrative 28 A Sample Report on Kenya Retail Pharmacy Market Analysis I Confidential
2.2.2 Market Segmentation: By Retail Pharmacy Type Kenya Retail Pharmacy Market Share, By Therapeutic Area (2022) Anti-infective segment in Kenya is a significant component of the overall Retail Pharmacy market ▪ Neurology Dermatology It has the maximum market share in Kenya Retail Pharmacy Market with approximately xx% ▪ Anti-Infective Antibiotic Please be aware that this sample report is intended to provide you with a brief overview of the kind of information and analysis that will be presented in the final report ▪ Pain/Analgesics In order to obtain access to all of the information that you are seeking, you will need to purchase the final report ▪ Vitamins/Mineral s/Nutrients Final report will be comprehensive and detailed, and it will include data, analysis, trends, and other relevant information related to the topic or subject matter of interest Illustrative Illustrative ▪ Cardiovascular 29 A Sample Report on Kenya Retail Pharmacy Market Analysis I Confidential
2.2.3 Market Segmentation: By End User Kenya Retail Pharmacy Market Share, By End User (2022) Online Pharmacy have the maximum market share in Kenya Retail Pharmacy Market with approximately xx% ▪ Community Pharmacy Please be aware that this sample report is intended to provide you with a brief overview of the kind of information and analysis that will be presented in the final report ▪ Online Pharmacy In order to obtain access to all of the information that you are seeking, you will need to purchase the final report ▪ Final report will be comprehensive and detailed, and it will include data, analysis, trends, and other relevant information related to the topic or subject matter of interest ▪ Hospital Pharmacy Illustrative Illustrative 30 A Sample Report on Kenya Retail Pharmacy Market Analysis I Confidential
Kenya Retail Pharmacy Market Analysis 3. Market Dynamics
3.1 Market growth drivers 3.1.1 Current population of Kenya in 2023 is 55,100,586, a 1.99% increase from 2022. In 2022 was 54,027,487, a 1.93% increase from 2021 and in 2021 was 53,005,614, a 1.96% increase from 2020 Kenya has a rapidly growing population, which directly contributes to increased demand for healthcare services, including pharmaceutical products. ▪ Population growth in Kenya As the population grows, the need for accessible retail pharmacies expands to cater to the healthcare needs of the growing number of people. ▪ Please be aware that this sample report is intended to provide you with a brief overview of the kind of information and analysis that will be presented in the final report ▪ In order to obtain access to all of the information that you are seeking, you will need to purchase the final report ▪ Final report will be comprehensive and detailed, and it will include data, analysis, trends, and other relevant information related to the topic or subject matter of interest ▪ 2010 2022 2030 32 A Sample Report on Kenya Retail Pharmacy Market Analysis I Confidential
3.1 Market growth drivers 3.1.2 In Kenya 78.3% of total DALYs are constituted by years of live lost (YLL) due to premature mortality, with the leading causes HIV/AIDS, lower respiratory infections, diarrheal diseases, tuberculosis, and malaria Prevalence of diseases such as malaria, HIV/AIDS, tuberculosis, diabetes, and cardiovascular diseases drives the demand for pharmaceutical products ▪ Burden of communicable diseases in Kenya Retail pharmacies play a crucial role in providing access to essential medicines and managing chronic conditions, contributing to the growth of the market ▪ Please be aware that this sample report is intended to provide you with a brief overview of the kind of information and analysis that will be presented in the final report ▪ In order to obtain access to all of the information that you are seeking, you will need to purchase the final report ▪ Final report will be comprehensive and detailed, and it will include data, analysis, trends, and other relevant information related to the topic or subject matter of interest ▪ 2010 2022 2030 33 A Sample Report on Kenya Retail Pharmacy Market Analysis I Confidential
3.1 Market growth drivers (continued) 3.1.2 Government of Kenya has made efforts to expand health insurance coverage, such as the National Health Insurance Fund (NHIF) and private health insurance schemes With a growing number of individuals covered by health insurance, more people have access to healthcare services, including prescription medicines ▪ This expanded access to healthcare services drives the demand for pharmaceutical products, benefiting the retail pharmacy market ▪ Please be aware that this sample report is intended to provide you with a brief overview of the kind of information and analysis that will be presented in the final report ▪ In order to obtain access to all of the information that you are seeking, you will need to purchase the final report ▪ Final report will be comprehensive and detailed, and it will include data, analysis, trends, and other relevant information related to the topic or subject matter of interest ▪ 34 A Sample Report on Kenya Retail Pharmacy Market Analysis I Confidential
3.2 Market restraints 3.2.1 Kenya's rural areas are often characterized by remote and geographically challenging terrain, including mountainous regions and vast distances 3.2.2 Regulatory environment in Kenya can pose challenges for retail pharmacies due to the time-consuming nature of compliance with regulatory requirements 3.2.3 Limited purchasing power in rural and underserved areas can pose financial challenges for retail pharmacies Kenya faces challenges in terms of limited healthcare infrastructure, particularly in rural and underserved areas Lack of adequate healthcare facilities and trained personnel can restrict the growth of the retail pharmacy market, as it becomes challenging to establish and operate pharmacies in these areas The regulatory environment in Kenya can present challenges for retail pharmacies Compliance with regulatory requirements, such as licensing, registration, and quality standards, can be demanding and time-consuming Strict regulations and bureaucratic processes can impede the establishment and growth of retail pharmacy businesses Establishing and sustaining a pharmacy business requires a certain level of financial viability, which can be challenging in areas with a small customer base and low income levels Lack of financial viability makes it less attractive for entrepreneurs to invest in retail pharmacies in these areas, further hindering their growth ▪ ▪ ▪ ▪ ▪ ▪ ▪ Our analysis will thoroughly investigate the key restraints that may significantly impact business operations and growth. Illustrative Illustrative 35 A Sample Report on Kenya Retail Pharmacy Market Analysis I Confidential
Kenya Retail Pharmacy Market Analysis 4. Competitive Landscape
4.1 Major Market Share Revenue of Major players in Kenya Retail Pharmacy Market ($ Mn) Kenya Retail Pharmacy Market is a highly competitive space, with many companies developing and marketing Retail Pharmacy treatments ▪ Company10 Company 9 Some of the top companies in Kenya Retail Pharmacy Market based on revenue and market share include ▪ Company 8 Company 7 In order to obtain access to all of the information that you are seeking, you will need to purchase the final report ▪ Company 6 Company 5 Final report will be comprehensive and detailed, and it will include data, analysis, trends, and other relevant information related to the topic or subject matter of interest ▪ Company 4 Company 3 Company 2 Company 1 XX Illustrative Illustrative 37 A Sample Report on Kenya Retail Pharmacy Market Analysis I Confidential
4.2 Key Company Profile Key Note: 1 Here is the list of top 10 companies which will cover in the final report ▪ Goodlife Pharmacy 2 Meds Pharmacy Each company will have slides for ▪ 3 Overview Key details Offerings Name of products Recent activities/ Press Coverage Distribution and Vendor Partners Mergers, Acquisitions and Collaboration Financials If there are specific companies that you would like to be included in the report, please let us know via email In order to obtain access to all of the information that you are seeking, you will need to purchase the final report o Tuskys Pharmacy o 4 Chandarana Pharmacy o o 5 The Nairobi Women's Hospital Pharmacy o 6 o Silvergate Pharmacies o 7 Norkan Pharmacy o 8 ▪ Haltons Pharmacy 9 Dawa Limited ▪ 10 Alpha Pharmacy 38 A Sample Report on Kenya Retail Pharmacy Market Analysis I Confidential
4.2.1 Goodlife Pharmacy Solutions offered by Roche ▪ Goodlife Pharmacy is one of the largest retail pharmacy chains in Kenya ▪ They operate multiple outlets across the country, offering a wide range of pharmaceutical products, over-the-counter medications, personal care products, and health services ▪ Company provides trusted pharmaceuticals to customers across the population from convenient locations with a total reach of over 2 Mn people with more than 120 branches in the region Founded in: 2014 ➢ Amaan Khalfan- Chief Executive Officer HQ: Nairobi, Kenya ➢ Justin Melvin- Chief Operations Officer Type: Private ➢ Kamau Munyoroku- Acting Chief Finance Officer Revenue: $84.4 Mn Website: www.goodlife.co.ke/ ➢ Yvonne Samantha Achieng- Head of Marketing Goodlife Pharmacy Services Recent Activity / Press Coverage June 2021, Goodlife Pharmacy Gives East African Moms Peace of Mind with THINKMD’s Technology That “Thinks” Like a Doctor ▪ Prescription Medications Over-the-Counter (OTC) Drugs Health and Wellness Products Health Screenings 2022, Goodlife Pharmacy is the largest healthcare provider and the #1 pharmacy chain in East Africa with over 70 stores in both Kenya and Uganda They are accredited by the pharmaceutical board as providers of genuine, quality products and have a broad range of products with a portfolio ranging from: Skincare/dermatological products, supplements & multivitamins, personal care and beauty products, as well all prescription medication ▪ Family Planning and Sexual Health Home Delivery and Online Ordering ▪ Vaccinations Clinical Services Medication Management Medical Equipment and Devices 39 A Sample Report on Kenya Retail Pharmacy Market Analysis I Confidential
4.2.1 Goodlife Pharmacy (continued) Latest Deals - Mergers and Acquisitions Amount / Duration Type Year Key Pointers CFAO Healthcare Acquires 30% Stake in Goodlife Pharmacies from LeapFrog Investments as Part of Strategic Partnership ▪ March, 2023 Combination of Goodlife’s retail pharmacy network & brand, and CFAO Healthcare’s existing wholesale distribution capabilities & portfolio products will create strong synergies beneficial to the business, the market, and the general public ▪ Collaboration - CFAO acquire 30%0f stake of Goodlife Pharmacy International Finance Corporation (IFC) has backed Goodlife Pharmacy for a stake in Nairobi-based Africa Greatness Pharmacy sustaining its acquisition streak as it seeks control of Kenya’s retail pharmaceutical space ▪ Goodlife acquire Greatness Pharmacy February 2022 Acquisition - Nairobi-based Africa Greatness Pharmacy has a turnover of more than Sh1 billion and assets worth over Sh81 Mn with an office in Spring Valley. ▪ 40 A Sample Report on Kenya Retail Pharmacy Market Analysis I Confidential
4.2.1 Goodlife Pharmacy (continued) Revenues ($Bn), 2020-2030 According to Goodlife Pharmacy’s 2022 financial report, the company had sales of $XX Bn in 2022 ▪ This is equivalent to approximately $XX Bn USD, based on exchange rates at the end of 2020 70.9 ▪ 70.3 63.3 Revenue generated by Goodlife Pharmacy Health in 2022 reflects the company's continued growth and success in the healthcare industry ▪ 2020 2021 2022 2023F 2024F 2025F 2026F 2027F 2028F 2029F 2030F Breakdown of Net Revenue by Segment, 2022 In order to obtain access to all of the information that you are seeking, you will need to purchase the final report ▪ 1 2 3 4 Illustrative Illustrative 41 A Sample Report on Kenya Retail Pharmacy Market Analysis I Confidential
4.2.2 Company 2 Solutions offered by Company Founded in: HQ: Type: Revenue: Website: Drugs for Retail Pharmacy Recent Activity / Press Coverage Drugs Indications Illustrative Illustrative 42 A Sample Report on Kenya Retail Pharmacy Market Analysis I Confidential
4.2.2 Company 2 (continued) Partnerships Ecosystem Major Distribution Partners Major Vendor Partners Illustrative Illustrative 43 A Sample Report on Kenya Retail Pharmacy Market Analysis I Confidential
4.2.2 Company 2 (continued) Latest Deals - Mergers and Acquisitions Amount / Duration Company Name Type Year Key Pointers Illustrative Illustrative 44 A Sample Report on Kenya Retail Pharmacy Market Analysis I Confidential
4.2.2 Company 2 (continued) Revenues ($Bn), 2020-2030 Please be aware that this sample report is intended to provide you with a brief overview of the kind of information and analysis that will be presented in the final report ▪ xx xx xx In this section you will the understating of financial overview of the company, which includes revenue forecasting, segment revenue and other key details as per availability ▪ 2020 2021 2022 2023F 2024F 2025F 2026F 2027F 2028F 2029F 2030F In order to obtain access to all of the information that you are seeking, you will need to purchase the final report ▪ Breakdown of Net Revenue by Segment, 2022 Final report will be comprehensive and detailed, and it will include data, analysis, trends, and other relevant information related to the topic or subject matter of interest ▪ 1 2 3 4 Illustrative Illustrative 45 A Sample Report on Kenya Retail Pharmacy Market Analysis I Confidential
Kenya Retail Pharmacy Market Analysis 5. Reimbursement Scenario
5.1 Reimbursement Regulation in Kenya Public and Private Health Insurance Coverage in Kenya In Kenya, pharmacy medication reimbursement is primarily facilitated through health insurance schemes and government programs. National Hospital Insurance Fund (NHIF): NHIF is a government-run health insurance scheme in Kenya. Under this program, eligible members contribute to the fund, and in return, they receive access to healthcare services, including reimbursement for pharmacy medications NHIF covers a wide range of prescription medications, and members can obtain them at designated pharmacies upon presentation of a valid NHIF card Private Health Insurance: Many private health insurance providers in Kenya offer coverage for pharmacy medications as part of their health insurance plans The extent of coverage and reimbursement varies depending on the specific insurance policy Individuals with private health insurance can usually claim reimbursement for prescribed medications by submitting the necessary documentation, such as invoices or receipts, to their insurance company ▪ Out-of-Pocket Payments o Employer- sponsored Health Insurance National Hospital Insurance Fund (NHIF) o ▪ o o o Private Health Insurance Government Health Programs Health Insurance Coverage, 2022 47 A Sample Report on Kenya Retail Pharmacy Market Analysis I Confidential
5.1 Reimbursement Regulation (continued) Government Health Programs: ▪ Kenyan government implements various health programs that may include medication reimbursement for specific populations or health conditions. For example, the government provides free antiretroviral therapy (ART) medications for individuals living with HIV/AIDS through the National AIDS Control Council (NACC) o Additionally, the government may subsidize or provide free medications for specific diseases or conditions as part of targeted health interventions o Employer-sponsored Health Insurance: ▪ Some employers in Kenya provide health insurance coverage for their employees, which may include reimbursement for pharmacy medications o Coverage and reimbursement terms are determined by the specific insurance plan offered by the employer o Out-of-Pocket Payments: ▪ It's important to note that not all pharmacy medications are reimbursed, and individuals may need to pay out-of-pocket for certain medications that are not covered by insurance schemes o Additionally, some insurance plans may have limitations or exclusions for certain medications or require co-payments or deductibles o 48 A Sample Report on Kenya Retail Pharmacy Market Analysis I Confidential
5.1 Reimbursement Regulation (continued) Coverage Penetration (% Total Population) Source of Funding Spend on Healthcare (%of Current Health Expenditure) 100% 100% 100% 100% 100% 44.0% Government Expenditure 46.0% xx 47.7% xx xx xx 51.0% 51.8% xx Public Healthcare Coverage Private Health Insurance Out of Pocket 38.9% 37.1% 35.6% 31.5% 32.5% Private Coverage Other NA NA 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Public healthcare coverage is provided by the government and includes programs like Medicare and Medicaid Medicare is a federal program that provides healthcare coverage to individuals who are 65 years of age or older, as well as certain younger people with disabilities Medicaid is a joint federal-state program that provides healthcare coverage to individuals with low income and limited resources 6.3% 4.08% 5.1% 3.8% 2.2% 2.4% 3.6% GDP Growth (yoy) 14.7% 11.3% 15.5% 7.5% 4.2% NA NA HC Spend Growth (yoy) Reimbursement Market Trends ▪ Shift towards value-based care has been a significant trend in the US healthcare system, with payers and providers increasingly focused on improving patient outcomes and reducing costs ▪ This has led to the development of alternative payment models such as accountable care organizations (ACOs) and bundled payment arrangements, which incentivize providers to deliver high-quality, cost-effective care Illustrative Illustrative 49 A Sample Report on Kenya Retail Pharmacy Market Analysis I Confidential
5.2 Reimbursement Process for Retail Pharmacy The reimbursement process in the US healthcare system can be complex and can vary depending on the type of healthcare service, the healthcare provider, and the insurance coverage. Here are the general steps involved in the reimbursement process: Service or Treatment Provided: The healthcare provider performs a service or treatment for the patient ▪ Billing: The healthcare provider submits a claim to the insurance company or other payer, requesting reimbursement for the service provided ▪ Adjudication: The insurance company or other payer reviews the claim to determine whether it meets the criteria for reimbursement. This can involve verifying the patient's eligibility, reviewing the treatment provided, and checking for any potential errors or fraud ▪ Payment: If the claim is approved, the insurance company or other payer reimburses the healthcare provider for the service provided, based on the negotiated payment rates or fee schedule ▪ Patient Responsibility: Depending on the patient's insurance coverage, they may be responsible for paying a portion of the cost of the service, such as deductibles, co-payments, or co-insurance In order to obtain access to all of the information that you are seeking, you will need to purchase the final report Final report will be comprehensive and detailed, and it will include data, analysis, trends, and other relevant information related to the topic or subject matter of interest ▪ Illustrative Illustrative 50 A Sample Report on Kenya Retail Pharmacy Market Analysis I Confidential