Perfect storm predicted to hit community pharmacy

Pharmacies already struggling with worse than expected price disclosure impacts could face a combination of further damaging financial hits, a market analysis report predicts.

The gloomy prognosis comes from the IBISWorld ‘Pharmacies in Australia: Market Research Report’, released last weekend.    

The report forecasts annualised industry growth of just 0.1% across pharmacy in 2014-15, with industry revenue reaching $11.9 billion