Top Pharmacy Companies in Malaysia

The pharmacy industry in Malaysia has been a critical player in the country's healthcare system, providing access to essential medicines and pharmaceutical products to a diverse population. As of 2022, the pharmacy industry contributed significantly to the country's economy, with a GDP of RM 4.2 billion. The industry has seen an increase in employment, with a total of 33,000 employees in 2022, up from 32,000 in 2021. The industry has been undergoing significant transformations and disruptions, driven by a combination of government support, technological advancements, and changing market demands. In this article, we will examine the key statistics, factors contributing to growth, trends, challenges, and future outlook of the pharmacy industry in Malaysia.

read full article below
Filter bySearch by company name, registration number or domain name
CompanyHeadcountContactDescriptionDecision Maker
HTM PHARMACY GROUP58 +60 12-675 8011
hr@htmpharmacy.my

HTM Pharmacy was founded in 2006 by Mr. Teh Hooi Hong. Today, HTM Pharmacy has since become one of the leading pharmacy chain in Malaysia with over 50 registered pharmacists under the HTM group. Our focus is to provide professional and personalized healthcare solutions to the public. With a young & passionate team with big plans for the future, HTM Pharmacy is committed to be a Health & Wellness Pharmacy that strives to increase the lifespan and improve the physical & emotional wellbeing of middle-aged & senior citizens by providing high touch & personalized diagnostics, records, monitoring & solutions (DRMS™).

UNIVERSITY OF CYBERJAYA469 +60 82-688 777
studywithus@cyberjaya.edu.my

BACKGROUND Cyberjaya University College of Medical Sciences (CUCMS) is a top-tier healthcare university in Malaysia as reflected in the latest Malaysian Qualification Agencys SETARA ratings which has accorded CUCMS a Tier 5 (Excellent) rating on par with leading public universities. Established in 2005, the university is located in Cyberjaya, Malaysias first smart-city on a 5 acre, modern, fully equipped, green friendly campus. The campus is surrounded by lush greeneries and provides a serene, conducive environment for student living and learning. CUCMS now offers more than 20 programmes including degrees and masters and doctorate level postgraduate research courses in a wide variety of disciplines including medical sciences, pharmaceutical sciences, psychology, physiotherapy, homeopathic medical sciences and biomedical technology engineering among others. ACADEMIC STRENGTHS Backed by over a decade of teaching excellence, we are staffed by over 200 in…

ICAN COLLEGE36 +60 12-953 2123
enquiry@ican.edu.my

ICAN College is a Private Higher Education Institution wholly owned by Prima Gading Corporation Sdn. Bhd., and investment holding company with a vision to provide task trained human capital to meet specific market needs and trends. ICAN College is previously known as “Integrated College of Allied Health and Nursing and it was launched in the year of 2008, 10th June. ICAN is conveniently located in the commercial and residential area, at the fringe of Kuala Lumpur, and easily accessible by public transportation. The main office is situated on the 10th floor of Menara Maxisegar, Pandan Indah; it offers a panoramic view of Kuala Lumpur and iconic landmarks such as KLCC, Menara KL and others. ICAN provides you a conducive and spacious environment which achieved the appropriate learning and growing requirements. At the same time, ICAN provides students with pharmacy lab, physiotherapy gymnasium, skills lab, stimulation ward and medical laboratory technology lab to train students in the re…

SUPERBIG PHARMACY9 +60 12-969 3455
(blank)

Superbig Capital Berhad is an investment holding company that owns wholesale & retail chain pharmacy providing healthcare solutions. We provide convenience, offering a wide range of shariah compliant pharmaceutical product & professional service for a safe retail experience through our drive-thru / drive-in pharmacy chain. We aim to improve communitys health holistic quality of life, enhancing their skills & knowledge with peace of mind retail experience. We aspire to develop a successful affluent nation through job creation & collaboration opportunities in healthcare industry. We lead the Community Pharmacy innovation during this endemic era by offering drive thru service which is endorsed by Malaysia Book of Records as the 1st Drive Thru Community Pharmacy in Malaysia. Our vision is to be a leading community oriented wholesale & retail drive-thru / drive-in chain pharmacy offering shariah compliant & holistic pharmaceutical care throughout Malaysia.

ALPRO PHARMACY SDN BHD626 +60 6-792 1923
customercare@alpropharmacy.com

Alpro Pharmacy is a community-based pharmacy providing healthcare and pharmacy services to the community it serves. It has a humble start in year 2002 with just a single pharmacy outlet at the small town of Port Dickson. Today, it has more than 170 stores nationwide covering almost every major cities and towns in Malaysia. Alpro Pharmacy is also the largest prescription pharmacy chain in Malaysia receiving more than 250,000 prescriptions per year. Alpro Pharmacy has an ambitious vision to create a healthy and vibrant world. This has also inspired Alpro to provide healthcare services beyond pharmacy sector at their outlets. Supported by more than 200 pharmacists, 150 Nutritionist and Dietitians, 30 physiotherapist and other healthcare professionals, Alpro Pharmacy is one of the most diversified community pharmacy chains in Malaysia that provides one-stop healthcare solutions to the community.

SUNWAY MEDICAL CENTRE VELOCITY175 +60 3-5566 8888
smc@sunway.com.my

Sunway Medical Centre Velocity is a tertiary hospital in the township of Sunway Velocity. The hospital offers comprehensive tertiary healthcare services, with 240 beds, 77 consultant suites and 6 operating theaters. Sunway Medical Centre Velocity offers a comprehensive range of medical services, which include facilities and advanced medical technologies for outpatient and inpatient specialty care, health and wellness programmes and 24-hour emergency services. (c) 2020 Sunmed Velocity Sdn Bhd (199001018477 (210146-H)). All Rights Reserved.

UGM | UNIVERSITY OF GEOMATIKA MALAYSIA138 +60 3-4266 3722
info@geomatika.edu.my

Universiti Geomatika Malaysia (UGM), in Kuala Lumpur is higher education provider and licensed under MOE. We offer programs in land survey, GIS, property & valuation, architecture, pharmacy, medical assistant and many more.

DOCSPE3 +60 11-2611 7985
ahmed@docspe.my

Our cutting-edge platform harnesses the untapped potential of the often neglected 97% of data, enabling health providers to generate actionable insights that drive remarkable patient care outcomes.

KPJ AMBULATORY CARE CENTRE KINRARA13 +60 11-2408 0790
marketing@kpjkinrara.com

The new KPJ Ambulatory Care Centre is an exclusive primary care centre that will bring together a comprehensive range of medical services under one roof, offering first class service to meet the needs of the local and extended community. Centre of medical care focused on an outpatient basis. These days with patients time and budgetary concerns at the forefront, especially amidst the pandemic, ambulatory care has become increasingly in demand. This is why KPJ Healthcare, Malaysias leading provider of private healthcare services since 1981, with over 28 specialist hospitals in Malaysia, has established KPJ Ambulatory Care Centre (KACC), the first ambulatory care centre (ACC) under KPJ Ambulatory Care Sdn Bhd. This 21,428 sq ft Primary Care Centre covers an array of services such as GP clinics, dental surgery, radiology and ultrasound services, observation area, pharmacy and café. KACC is strategically located in the bustling township of Bandar Kinrara, Puchong, positioning to become the…

SUNWAY MEDICAL CENTRE VELOCITY125 +60 3-5566 8888
smc@sunway.com.my

Sunway Medical Centre Velocity is a tertiary hospital in the township of Sunway Velocity. The hospital offers comprehensive tertiary healthcare services, with 240 beds, 77 consultant suites and 6 operating theaters. Sunway Medical Centre Velocity offers a comprehensive range of medical services, which include facilities and advanced medical technologies for outpatient and inpatient specialty care, health and wellness programmes and 24-hour emergency services. Sunway Medical Centre is affiliated with the Jeffrey Cheah School of Medicine & Health Sciences, Monash University Malaysia, University of Cambridge, Royal Papworth Hospital and Harvard Medical School to further meet the demands of clinical care, education and research.

IDEAL NAUTICARE SDN BHD7 +60 3-3381 7983
admin@idealnauticare.com

IDEAL NAUTICARE SDN BHD established in February 2015 in response to Malaysian Marine Department announcement to enforce the Malaysia Shipping Notice 8/2013. The aim is to ensure that each ship with Malaysias flag has a certificate of adequacy of Medicines Chest. Our responsibility is to serve and help the ships owner to conform to the requirement and specifications as outlined in the International Medical Guide for Ships (IMGS 3rd edition). Hence to assist the ships owner to get certification of medicines chest from scratch to the end. IDEAL NAUTICARE SDN BHD owned 2 pharmacy outlet named Farmasi Ideal which are progressive, independent, vibrant retail shop located in a mix and mature community in Kampung Jawa and Jalan Kebun Klang. The major business is primarily in operating a community pharmacy including retailing of pharmaceutical and healthcare and personal products.

MINDA GLOBAL BERHAD42 +60 3-8800 5295
contact@mindaglobal.com.my

Minda Global Berhad is one of Malaysias largest investor in private education ranging from primary to tertiary education institutions. At Minda Global, we believe that we are investing today in the future of tomorrows leading professionals who will positively impact society at large. Global Presence Our constituent institutions have recorded over a decade of education excellence and nurtured over 20,000 professionals across countless industries. Our institutions range from an international school to a full-fledged, multi-campus university. Our group boasts a footprint across 7 Malaysian states with students of over 35 nationalities while our educators hail from over 10 different countries creating a truly global teaching and learning environment. Global Reputation Quality and affordability is at the heart of our institutions, some of which have achieved a 5-Star (Excellent) rating by the Malaysian Ministry of Higher Education while others have received an international accreditatio…

AIMST UNIVERSITY498 +60 4-429 8000
askme@aimst.edu.my

AIMST University is registered with the Ministry of Higher Education, Government of Malaysia, as a tertiary educational institute under Sections 38 and 39 of the Private Higher Educational Institutions Act of 1996. It formally began its operations on 30 October 2001, coinciding with its registration with the Department of Private Education under the Ministry of Higher Education. Imbued with the vision of its founders, AIMST aims to be a premier private sector university in the country and region catering to the needs of local and international students in providing quality technical education at an affordable price. The curricula for most of the degree programmes are drawn from the University of Bristol in the U.K. Most components of the degree programmes include computer training, writing and research in order to prepare students for work and to provide them with the ability to apply technologies to all aspects of their education. Admission to the degree programmes requires the appl…

KPJ HEALTHCARE UNIVERSITY COLLEGE73 +60 13-207 8380
marketing@kpjuc.edu.my

KPJ Healthcare University College (KPJUC) (formerly known as PNC International College of Nursing and Health Sciences) is a subsidiary of KPJ Healthcare Berhad, a key private healthcare services provider. Established on 1st April 1991, KPJUC has been right from the outset, a progressive and entrepreneurial institution of higher learning with an international vision, placing students at the core of the heart of everything it does. KPJUC with 27 years of valuable experience and unsurpassed academic track record is a premier college of higher learning recognized locally and internationally. It has registered a growth that is dynamic, meteoric and has made an indelible mark in its achievements ever since its inception. Its rapid expansion to fulfill market demands has made KPJUC not only a very viable business entity but also a reliable and credible service provider. KPJUC has a tradition of purposeful nurturing of talents, in tandem with the ideals of caring, perseverance, adaptability, …

UGM | UNIVERSITY OF GEOMATIKA MALAYSIA165 +60 3-4266 3722
info@geomatika.edu.my

Universiti Geomatika Malaysia (UGM), in Kuala Lumpur is higher education provider and licensed under MOE. We offer programs in land survey, GIS, property & valuation, architecture, pharmacy, medical assistant and many more.

SHOPPER360 GROUP81 +60 3-7890 5050
ir@shopper360.com.my

Shopper360 is the foremost shopper marketing expert group in Malaysia, with over 30 years experience in the industry. Together with our subsidiaries, we provide the most comprehensive marketing and advertising solutions that integrates your consumers journey from digital brand awareness, retail and in store media, to events and active engagements. All to help you achieve optimum sales, conversions, and brand loyalty among your consumers. Established since 1986, we have since expanded through the decades into a group of experts ranging from digital marketing, field force management, automation, shopper activation and market intelligence; with a strong network of retail partners in over 2,840 hypermarkets, convenience store outlets, pharmacy chains and petrol marts across Malaysia. Retail and true engagement is essential in changing purchase habit and behavior. Shopper360 is committed to create the most effective consumer journey through integrated marketing solutions for your brand …

ICAN COLLEGE12 +60 3-4292 5088
enquiry@ican.edu.my

To be the leading institution recognized for its commitment to quality and professionalism. To provide excellent education in terms of skills and professional services. To produce disciplined, dedicated, responsible and holistic professionals capable of responding to increasing demands and standards. To ensure student success and competitiveness by focusing on quality, innovativeness and creativity.

DOCTORONCALL138 +60 10-215 1669
contact@doctoroncall.com.my

DoctorOnCall (DOC), Malaysias first online Video and Audio Medical Consultation platform. Now you can talk to an MMC-Registered Doctor from the privacy of your home or office through laptop, tablet or mobile phone. Talk to our doctors about your common illness, health concerns, second opinion etc. Stay well-rested when youre sick and we get your medications delivered to you.

UCSI1,259 +60 6-648 8888
(blank)

UCSI is a leading comprehensive private university in Malaysia. It is ranked in the top 300 in the 2015 QS Asian University Rankings. It is also rated in Tier 5 – the highest rating accorded to universities in Malaysia – in the Rating System for Malaysia Higher Education Institutions (SETARA). Synonymous with graduate employability, UCSI runs what is virtually Malaysias largest university-industry network – aptly themed Co-Op – that involves more than 3,500 industry partners. Strategic tie-ups are inked with many of the worlds best companies and students benefit from structured internship programmes, job opportunities, research collaboration and technology transfers. Academic diversity is one of UCSIs strongest points. The University offers an eclectic range of industry-acclaimed programmes in medicine, pharmacy, engineering, applied science, business, IT, architecture, social science, music, tourism management, creative arts and design at its campuses in Kuala Lumpur, Kuching a…

CAREVALET ASIA2 +60 14-661 7012
hello@carevalet.asia

Enjoy a better pharmacy experience with lower cost prescriptions (against clinic dispensing). By channelling dispensing into pharmacies instead of hospitals and clinics, we can pass the savings back to you.

Top Pharmacy Companies in Malaysia

Factors Contributing to Growth and Success:

The Malaysian government has played a vital role in driving the growth and success of the pharmacy industry. The government has launched several initiatives to support healthcare accessibility and affordability, such as the National Medicine Policy, Health Transformation Program, and the National Health Financing Scheme. These initiatives aim to promote access to essential medicines, improve healthcare quality, and reduce healthcare costs, providing funding, training, and networking opportunities for the industry.

The increasing demand for personalized and precision medicine and the aging population has also contributed to the success of the pharmacy industry in Malaysia. The industry has responded by developing innovative pharmaceutical products and services that cater to different health conditions and demographics.

Industry Growth and Comparison to Previous Years:

The pharmacy industry in Malaysia has been growing steadily, with a compound annual growth rate (CAGR) of 6.2% from 2010 to 2022. The industry's growth rate slowed down in 2020 due to the COVID-19 pandemic but rebounded strongly in 2021 and 2022.

The retail pharmacy segment has been the primary driver of the pharmacy industry's growth, with a CAGR of 7.8% from 2010 to 2022. The industry has also seen growth in the hospital pharmacy segment, with a CAGR of 5.2% over the same period.

Key Trends:

Technological disruptions have been a significant trend in the pharmacy industry in Malaysia. The industry is rapidly adopting new technologies such as telemedicine, electronic health records, and artificial intelligence to enhance healthcare delivery, accessibility, and patient outcomes. The adoption of these technologies has led to the development of innovative pharmacy products and services, expanding the industry's scope beyond traditional pharmacy services.

Another significant trend in the industry is the increasing focus on personalized and precision medicine. The industry is moving towards developing pharmaceutical products and services that cater to individual health needs and preferences, promoting a patient-centric healthcare approach.

Challenges:

Despite the growth and success of the pharmacy industry in Malaysia, it faces several challenges. One of the significant challenges is the shortage of skilled healthcare professionals, particularly pharmacists. The industry needs to invest in talent development and retention, providing training, and networking opportunities to enhance the industry's competitiveness and sustainability.

Another challenge is the increasing healthcare costs and the need for healthcare financing reforms. The industry needs to work with the government and relevant stakeholders to develop and implement sustainable healthcare financing solutions, promoting healthcare accessibility and affordability.

Future Outlook:

The future outlook for the pharmacy industry in Malaysia is positive, with strong growth potential. The industry is expected to grow at a CAGR of 6.5% from 2022 to 2027, driven by the increasing demand for personalized and precision medicine, technological advancements, and government support. The government's focus on healthcare accessibility, affordability, and quality will create opportunities for the pharmacy industry to expand its market reach, develop new products and services, and collaborate with other sectors such as digital health and medical tourism.

The industry is also expected to benefit from the increasing adoption of telemedicine and e-commerce platforms, particularly in the retail pharmacy segment. The industry can leverage Malaysia's strategic location, diverse population, and business-friendly environment to develop innovative and accessible pharmacy solutions, catering to different health conditions and demographics.

Conclusion

In conclusion, the pharmacy industry in Malaysia has been a critical contributor to the country's healthcare system, driven by government support, changing market demands, and technological advancements. The industry has faced challenges such as the shortage of skilled healthcare professionals and increasing healthcare costs, but its future outlook remains positive, with opportunities for growth and innovation. The industry needs to continue to focus on talent development, healthcare financing reforms, and adoption of new technologies and practices to sustain its growth and relevance in the global market. With the right strategies and support, the pharmacy industry can become a significant contributor to Malaysia's economic growth, promoting healthcare accessibility and quality, fostering job opportunities, and enriching the country's healthcare ecosystem.

undefined's picture
By Melissa Goh
Published on 22 May 2023