Manipal Cure & Care is planning to venture into the retailing of pharmaceutical medicines. It already has wellness retail format under its brand. About 98% of Indian meds and pharma market is dominated by neighborhood chemists and druggists.
Of the 2% is controlled by organized retailers of which many are still in nascent stages of growth except Apollo and Subhiksha, present in multiple states but not PAN India. However these retailers are seeing 40% YoY growth, which is a good sign.
Other retailers in the market include Hetero Drugs, which owns 40 stores in Hyderabad and 20 in tier II pockets of the state. SuperMed retail is another chain focused on hospital and surgical consumables and other pharma products.