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Home Asian Business

Apollo Pharmacy has more than 50 percent market share in India’s pharmacy market

by Chandler
September 19, 2022
Reading Time: 2min read
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Apollo Pharmacy celebrates 5000th store opening

CHENNAI, India’s largest and most trusted omnichannel pharmacy retailer Apollo Pharmacy has reached another milestone by opening its 5000th store in India. The new store in Chennai was opened at Perungudi, OMR Road, Chennai.

Ms. Shobana Kamineni, Executive Vice-Chairperson, Apollo Hospitals Enterprises Ltd., spoke in Chennai on the journey that began in 1987, “Consumer preferences are changing and we will differentiate our brand by focusing not on price, but on range and service offering.

Consumers are now increasingly focusing on preventative healthcare, realizing the importance of diet, exercise, quality treatments and wellness products from trusted sources. Increasing demand for superior quality healthcare products and focus on wellness is driving the growth of the organized retail pharmacy sector in India.

“The launch of the 5000th store reinforces Apollo Pharmacy’s No. 1 position in the organized retail pharmacy sector with our unique omni retail model. The retail pharmacy sector has immense potential and we are poised to be the first choice for consumers looking for a trusted health and wellness partner. More than 60 crore Indians currently have a physical facility of Apollo Pharmacy. We serve approximately 7 lakh consumers daily, which we intend to do to 10 lakh in the future.

“Our digital app Apollo 24/7 has also ushered in a new era of optimal health by making all the accessibility of Apollo easy for everyone, anywhere, anytime. An additional 50 crore Indians can get medicine delivered within 24 hours through the app.”

On this occasion Mr. P Jayakumar, CEO of Apollo Pharmacies Limited said, “Our Chairman Pahmavibhushan Dr. Happy to carry forward Prathap C Reddy’s dynamic vision of continuously making medicines accessible to all patients. We will continue to bring essential health medicines within the reach of everyone with a target of 10,000 brick and mortar stores across India.”

The 5000th store located on OMR Road, Chennai will provide services like audiology and optometry. The pharmacy also has a kiosk, where customers can instantly book a private video consultation with a doctor, check essentials and order lab tests for home collection.

.Source

Tags: ApolloIndiasmarketpercentPharmacyshare

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