Week 22: pharmacy market slowing down

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Pharmacy market: Sales data analysis and trends 2023, gradual slowdown and significant decline in several sectors

It went from flat to slightly declining the pharmacy market trend curve, which in week 22 falls below 1 percent in values for the first time since February.

That’s the snapshot that comes from Iqvia’s report with which it updates figures and trends in the channel to the seven days from May 29 to June 4: In five months, pharmacy totals sales of just over 11 billion euros, up 0.9 percent over the same period in 2022.

Packages sold totaled just over 1 billion, down 4.1 percent, a value that has repeated unchanged for more than a month.

The erosion of trend growth now affects both the ethical and the commercial area: the progressive annual prescription drug trend has fallen in values to +2.2%, it was +3.3% a couple of months ago, and in volumes to +0.4%, it was +1.3% at the end of March.

The commercial segment lost almost 1% in values-again compared to the first five months of 2022-and more than 10% in volumes.

In the free sale area, the slowdown in personal care stands out, which maintains significant growth, +7.3% in values and +3% in packages sold, but in about two months loses more than three points.

Even sharper is the slowdown in dermocosmetics, which in week 22 loses almost four points in cumulative progressive compared to a couple of months earlier, from 12.8 to 8.4 percent in values and from 11.1 to 6.1 percent in volumes.

Among other segments, the suffering of the dietary supplements and vitamins group continues -5.2 percent in values and -12.8 percent in volumes in week 22 compared to the same period in 22 while veterinarians maintain a bipolar trend, +7.7 percent in the five months in values and -1.4 percent in volumes.