Australia Pharmacy Retail Market 2033

Australia Pharmacy Retail Market Size, Share, Trends and Forecast by Market Structure, Product Type, Therapeutic Area, Drug Type, Pharmacy Location, and Region, 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A35676

Australia Pharmacy Retail Market Overview:

The Australia pharmacy retail market size reached USD 38.64 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 63.69 Billion by 2033, exhibiting a growth rate (CAGR) of 5.71% during 2025-2033. Key factors driving the market include an aging population with increasing chronic disease prevalence, government healthcare initiatives, digital transformation through e-pharmacy platforms, expanded pharmacist roles, and growing consumer demand for convenient and accessible healthcare services.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 38.64 Billion
Market Forecast in 2033	USD 63.69 Billion
Market Growth Rate 2025-2033	5.71%

Australia Pharmacy Retail Market Trends:

Rising Prevalence of Chronic Diseases and an Aging Population

One of the strongest drivers behind the Australian pharmacy retail market is the growing prevalence of chronic diseases, particularly among the aging population. As the Australian Bureau of Statistics points out, the nation is witnessing a demographic shift, with persons aged 65 years and older expected to account for almost 20% of the overall population by 2030. This population trend is coupled with the rising prevalence of age-related chronic illnesses like diabetes, cardiovascular disease, arthritis, and respiratory illnesses. The propelling demand for ongoing treatment and medication compliance for these conditions is fueling prescription drug, medical supply, and routine health consultation demand, all of which are largely accessed through pharmacies. Pharmacy retailers are reacting by moving beyond the standard dispensing function to offer medication management programs, home delivery, telepharmacy services, and chronic care counseling. The Pharmaceutical Benefits Scheme (PBS) operated by the Australian government also guarantees subsidized access to necessary medicines so that a larger population can meet the cost of continuous treatment. Pharmacies are thus critical points of health access, particularly in rural and disadvantaged areas.

Australia Pharmacy Retail Market Size

Expansion of Digital Health and E-Pharmacy Platforms

Another factor driving the market is the high rate of development and up-take of digital health products and solutions as well as e-commerce platforms is yet another significant factor driving expansion in the pharmacy retail market in Australia. There has been a noticeable change in consumer behavior in the Australian market as a result of high internet penetration, smartphone adoption, and affinity for convenient and contactless services, a process accelerated by the COVID-19 pandemic. Customers are extensively shopping online at pharmacy websites for prescription drugs, over-the-counter medicines, supplements, and wellness products. This has driven investments towards developing advanced e-pharmacy platforms that provide one-stop-shop integrated services such as online consultations, digital prescriptions, automatic refill reminders, and tracking of delivery. Startups as well as old pharmacy chains have started innovating to offer glitch-free digital consumer experiences, complemented by high-quality supply chain and logistics infrastructures. The regulatory reforms introduced, for instance, the acceptance of electronic prescriptions in all the states and territories, have complemented this transition to digital.

Australia Pharmacy Retail Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region/country level for 2025-2033. Our report has categorized the market based on market structure, product type, therapeutic area, drug type, and pharmacy location.

Market Structure Insights:

Unorganized
Organized

The report has provided a detailed breakup and analysis of the market based on the market structure. This includes unorganized and organized.

Product Type Insights:

Over-the-Counter Products
Prescribed Drugs
Non-Pharmaceutical Products
Medical Equipment

A detailed breakup and analysis of the market based on the product type have also been provided in the report. This includes over-the-counter products, prescribed drugs, non-pharmaceutical products, and medical equipment.

Therapeutic Area Insights:

Cardiovascular
Pain Relief/Analgesics
Vitamins/Minerals/Nutrients
Anti-Infective
Anti-Diabetic
Others

The report has provided a detailed breakup and analysis of the market based on the therapeutic area. This includes cardiovascular, pain relief/analgesics, vitamins/minerals/nutrients, anti-infective, anti-diabetic, and others.

Drug Type Insights:

Generic
Patented

A detailed breakup and analysis of the market based on the drug type have also been provided in the report. This includes generic and patented.

Pharmacy Location Insights:

Street/Mall Based
Hospital Based

A detailed breakup and analysis of the market based on the pharmacy location have also been provided in the report. This includes street/mall based and hospital based.

Regional Insights:

Australia Capital Territory & New South Wales
Victoria & Tasmania
Queensland
Northern Territory & Southern Australia
Western Australia

The report has also provided a comprehensive analysis of all the major regional markets, which include Australia Capital Territory & New South Wales, Victoria & Tasmania, Queensland, Northern Territory & Southern Australia, and Western Australia.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Australia Pharmacy Retail Market News:

April 2025: EZZ Life Science partnered with Direct Chemist Outlet (DCO) to expand its pharmacy retail presence across Australia. EZZ's flagship wellness products, including Bone Growth Chews and Heart Health Capsules, will be available in DCO's 130 stores. This initiative complements EZZ's existing distribution in over 700 pharmacies and online platforms, enhancing its footprint in the Australian pharmacy retail sector.
April 2025: Retail pharmacy group Chemist Warehouse, in collaboration with Banked and ShopBack, launched Australia's first in-store 'Pay by Bank' system across all its locations. This initiative allows customers to make direct bank payments via QR codes using the ShopBack app, effectively bypassing traditional card surcharges.
March 2025: Australian biopharmaceutical company Immuron partnered with Sweden's Calmino to distribute ProIBS, a certified medical device targeting Irritable Bowel Syndrome (IBS), across pharmacies in Australia and New Zealand. ProIBS, containing AVH200 from Aloe barbadensis Miller, supports intestinal health and is suitable for long-term use.
February 2025: Sigma Healthcare and Chemist Warehouse finalized a merger, creating an AUD 8.8 billion pharmacy retail and wholesale giant in Australia. The combined entity, now trading on the ASX, encompasses over 1,800 stores, including Chemist Warehouse, Amcal, and Discount Drug Stores. This merger integrates Sigma's distribution infrastructure with Chemist Warehouse's retail expertise, positioning the group for domestic and international expansion.

Australia Pharmacy Retail Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Market Structure Product Type Therapeutic Area Drug Type Pharmacy Location Region
Market Structures Covered	Unorganized, Organized
Product Types Covered	Over-the-Counter Products, Prescribed Drugs, Non-Pharmaceutical Products, Medical Equipment
Therapeutic Areas Covered	Cardiovascular, Pain Relief/Analgesics, Vitamins/Minerals/Nutrients, Anti-Infective, Anti-Diabetic, Others
Drug Types Covered	Generic, Patented
Pharmacy Locations Covered	Street/Mall Based, Hospital Based
Regions Covered	Australia Capital Territory & New South Wales, Victoria & Tasmania, Queensland, Northern Territory & Southern Australia, Western Australia
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the Australia pharmacy retail market performed so far and how will it perform in the coming years?
What is the breakup of the Australia pharmacy retail market on the basis of market structure?
What is the breakup of the Australia pharmacy retail market on the basis of product type?
What is the breakup of the Australia pharmacy retail market on the basis of therapeutic area?
What is the breakup of the Australia pharmacy retail market on the basis of drug type?
What is the breakup of the Australia pharmacy retail market on the basis of pharmacy location?
What is the breakup of the Australia pharmacy retail market on the basis of region?
What are the various stages in the value chain of the Australia pharmacy retail market?
What are the key driving factors and challenges in the Australia pharmacy retail market?
What is the structure of the Australia pharmacy retail market and who are the key players?
What is the degree of competition in the Australia pharmacy retail market?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Australia pharmacy retail market from 2019-2033.
The research report provides the latest information on the market drivers, challenges, and opportunities in the Australia pharmacy retail market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Australia pharmacy retail industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

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