Pharmacy market drops 1.9% y/y to PLN 2.62 bln in May

The value of sales of pharmaceutical products decreased by 1.9 percent y/y to PLN 2.62 billion in May and is expected to grow to PLN 34 billion (a 1.7 percent increase) for the entire 2018, according to a report prepared by PEX PharmaSequence. The revenue of an average pharmacy stood at PLN 174,500 in May (3.3 percent decrease y/y) and its profit margin decreased by 0.5 pp y/y to 24.3 percent. Sales of full-price prescription drugs declined by 4.5 percent y/y to PLN 585 million, while sales of subsidized prescription drugs came in at PLN 955 million (down by 1.4 percent y/y). Over-the-counter drugs sales decreased by 1.1 percent y/y to PLN 1.06 billion. So far this year, the pharma market’s revenue has reached PLN 14.15 billion, which is 0.3 percent y/y growth.