The Pharmacy industry in New Zealand is an important part of the country's healthcare system, providing a range of products and services to improve the health and wellbeing of New Zealanders. In this article, we will examine some of the key statistics from 2022, discuss the factors contributing to the industry's growth and success, analyze each industry's growth and comparison to previous years, review key trends, discuss the challenges facing the industry, and provide a future outlook.
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NZMA
267
+64 7 839 0930 (blank)
NZMA is New Zealands top ranked vocational training provider. We are committed to providing hands-on education in award-winning learning environments, meaning that our graduates are fully prepared for their chosen industry upon completing their studies. We offer NZQA accredited courses in business, construction, contact centre, cookery, hospitality and retail from Level 2 right through to diploma level across our four campuses. Our dedicated recruitment team, NZMA Careers, assists with part time and full time employment, work experience placements and internships for our students and graduates. Connect with us online: Facebook - facebook.com/studynzma Twitter - twitter.com/studynzma Instagram - @studynzma YouTube - youtube.com/studynzma
STORBIE
22
+64 4 909 7212 support@storbie.com
Storbie is the easy to use website and online shop platform for community pharmacies and veterinary practices. Storbie is the pharmacy and veterinary website company relied on by hundreds of business owners to serve the best digital version of their business to their local communities in between the times clients are in store. We design, build, launch and support the success of beautiful pharmacy and veterinary websites with unique features specifically designed to meet the needs of the industry. We make it achievable for even the busiest team to have a website they can be proud of. Our package is done-for-you and comes complete with services, leading products, health and well-being content and connections to core business systems and suppliers. Storbie websites are easy on your stress levels, your spare time and your wallet. We care about the longevity of community focused businesses. Everything we do is about helping them to thrive as accessible healthcare destinations in local…
THINK CONCEPTS LIMITED
28
+64 800 484 465 info@thinking.co.nz
Think Concepts, founded in 2002, is a privately owned, New Zealand based, Managed IT Service Provider. The team of 25 is led by CEO Ahlam AyoubZadeh. We have grown year-on-year and provide a wide range of managed IT services to a varied client base. Our growth can be attributed to our early recognition that medium-sized New Zealand businesses were not well supported when it came to their IT needs. Technology and the way it is applied to business is continually evolving and improving. Market leading technology that was previously only available in large-scale deployments are now readily accessible to the small and medium-sized business market. We pride ourselves on being an early adopter of cloud-based technologies, challenging the status quo of competitors that utilise expensive, traditional methods of service delivery. Our managed service clients come from a broad spectrum of industries. This has enabled us to fine-tune our skills in accounting, legal, health, medical, retail and …
BARGAIN CHEMIST
59
+64 800 114 390 customercare@bargainchemist.co.nz
We ask all Kiwis, why pay more? We believe that for too long New Zealand communities had been paying too much for healthcare essentials. So we did something about it. Bargain Chemist opened its first doors in Christchurch in March 2018 with the mission to deliver the best service through care & quality products at the best price we can, to support communities to live happy and healthy. From our first location in Riccarton Road, Christchurch we have grown from a retail space of less than 100m2 to develop superstores up to 6 times the size offering New Zealanders essentials for their health and home at lower everyday prices. Weve moved beyond what is expected, evolving our stores to offer great bargains across a range of product categories alongside the care and attention you expect from you local pharmacy. With no plans of slowing down we continue to open new stores nationally with rapid new store growth planned over the next 3 years to deliver our promise to New Zealanders. Bringin…
CHEMIST WAREHOUSE NEW ZEALAND
92
+64 800 001 018 (blank)
Over the last 5 years Chemist Warehouse has grown from a single Pharmacy in Auckland to becoming one of Aoteoroas most trusted Community Pharmacy Groups. Today, the group has over 35 Pharmacies across the Country and continues to grow to meet demand. We are proudly NZ Owned & Operated and pride ourselves in our commitment and dedication to making healthcare more accessible than ever before. Our mission is to break down all barriers to medication and healthcare access so that our communities can live happier and healthier lives. The key to our success is our people! Our organisation is underpinned by a passionate group of Pharmacists who share the same vision and are the pillar to our companys success. Pharmacists at Chemist Warehouse offer a comprehensive range of clinical services and practice at the top of their scope with the aim of seeing their patients healthy and happy again!
Radiant is a healthcare company with a proven ability to drive superior sales and market share performance for market leading brands across both the Rx and retail pharmacy market. We employ a customer centric approach to health and well-being and we take the time to enjoy keeping things simple.
UNICHEM BUCHANANS PHARMACY
9
+64 9 435 3323 admin@buchananspharmacy.co.nz
For all the pharmacy services youd expect, plus a whole lot more, visit Unichem Buchanans Pharmacy in Whangarei. Youll find us in Paramount Plaza next to Countdown in Tikipunga, where you can pop in for friendly service and great advice, six days a week. Were here to help you with prescriptions, first aid, supplements and vitamins, cosmetics, mobility, weight management, ear piercing, and photo kiosk services. Youll love the good, old-fashioned service you receive from our friendly staff. And you can be sure youll find exactly what you need, thanks to our highly trained and experienced pharmacy team.
AGI EDUCATION LIMITED
2
+64 9 887 4758 info@agi.ac.nz
Category 1 provider of Healthcare Programmes in New Zealand and proud part of the AKA Education Group ☘ -- AGI is registered and accredited with the New Zealand Qualification Authority (NZQA) under the provisions of the Education Act 1989.
GREEN CROSS HEALTH
368
+64 9 571 9081 privacy@greencrosshealth.co.nz
Green Cross Health Limited is a leading provider of primary health care services, delivering health support, care and advice to communities the length and breadth of New Zealand. We are passionately committed to the health and wellness of New Zealand. Our network of services includes pharmacy, medical, occupational health and community health divisions. Green Cross Health is listed on the New Zealand stock exchange (NZX: GXH). Pharmacy We represent around 350 community pharmacies throughout New Zealand under the Unichem and Life Pharmacy brands and hold equity interests in 90 of these pharmacies. Our pharmacy and retail teams operate at the heart of almost every New Zealand community, providing easy access to professional health and wellness care + advice, products and services every day. Medical Our medical division provides complete family health care services supporting around 40 medical practices, with many operating under The Doctors brand. We also provide nation wide occu…
THE FONO
101
+64 9 267 6331 socialservices@thefono.org
The Fono provides affordable services including medical, dental, pharmacy, health promotion, social services, education and Whanau Ora spread across six locations in Auckland and Northland. The Fono is a proven leader in delivering health outcomes for the people who need it the most, fostering well, safe, vibrant and informed communities. The Fono is a result of affiliation agreements between The West Fono Health Trust and Pasifika Horizon Healthcare (2013) and The Peoples Centre Trust (2012). By pooling resources and combining organisations, Auckland communities have more readily accessible quality health services available. The Fono is focused and committed to reducing the health inequalities of communities by finding innovative ways to deliver culturally appropriate services across all of our locations.
TAS
140
+64 4 801 2430 info@tas.health.nz
TAS is now part of Te Whatu Ora - Health New Zealand. This LinkedIn page will no longer be updated. It will remain as a legacy page only. Please visit https://www.linkedin.com/company/tewhatuora/mycompany/ for Te Whatu Ora updates.
OPTICA LIFE ACCESSORIES
14
+64 508 963 333 service@opticaaccessories.com
Optica was founded more than 50 years ago as an optical accessories company. Today, as well as being the leading accessories supplier to the optical industry we develop and distribute consumer goods brands including Parakito®, Brightwipe®, BLISMA®, Avatude®, OverSpex®, and PEEPS® to Pharmacy, Grocery, and Retail.
OPEN POLYTECHNIC OF NEW ZEALAND
781
+64 508 650 200 registrar@openpolytechnic.ac.nz
Open and distance learning is the fastest growing area of education in the world. As New Zealands specialist distance learning institution, and one of the countrys largest polytechnics, we play an important role in extending learning opportunities. Our job is to improve access and choice, something we do for nearly 30,000 certificate, diploma and degree students in New Zealand and over 40 other countries.
VERIPHI
13
+64 9 445 0362 info@veriphi.co.nz
Veriphi is an innovative medical device company that has developed a solution to verify intravenous drug identity and concentration. Globally, the cost associated with medication errors has been estimated to be US$42 billion per year. (WHO, Global Patient Safety Challenge: Medication Without Harm, 2017). Veriphis initial target market is intravenous oncology errors because intravenous errors are twice as likely to harm patients than drugs administered by other routes. The heart of our solution is an analyser that uses lasers to verify intravenous drug identity and concentration. Veriphi has been granted 8 US patents and 22 global patents. The Veriphi solution has applications inside the compounding pharmacy, in hospitals and at the patients bedside, wherever that may be. Our objective is to make intravenous cancer therapy safer, more effective, more affordable and more accessible. We believe that access to cancer treatment should not be dictated by where you live.
ZOOM PHARMACY
18
+64 508 966 622 help@zoompharmacy.co.nz
ZOOM Pharmacy is New Zealand owned and managed, delivering prescription medicines directly to a patients home or workplace, and supporting them along the way with our New Zealand trained pharmacy team and free patient app. ZOOM works closely alongside prescribers and healthcare organisations to improve medicines adherence, thereby helping patients get the best possible health outcome from their medicines.
FACULTY OF MEDICAL AND HEALTH SCIENCES - UNIVERSITY OF AUCKLAND
115
+64 9 373 7599 ext. 88113 (blank)
The University of Aucklands Faculty of Medical and Health Sciences is committed to improving the health of our local, national and global communities through excellence in teaching, research, service and engagement. Our schools include the School of Medical Sciences, Medicine, Nursing, Optometry and Vision Science, Pharmacy and Population Health. We also have many research groups and centres. Research is a fundamental part of the Faculty of Medical and Health Sciences (FMHS) and the University of Auckland is New Zealands pre-eminent research-led institution.
3 STONE VETERINARY SERVICES LTD
2
+64 7 870 2696 info@3stonevets.co.nz
Passionate about Production Animal Health 3 Stone Vets is a family owned and operated farm animal veterinary business. The business was founded to service our own dairy farming operation and has successfully grown to look after other local Waikato farmers. At 3 Stone Vets we believe that healthy animals are productive animals. We have the expert knowledge and dedicated level of service required to ensure you achieve your animal health and production goals.
CAREJOBZ - GLOBAL HEALTHCARE RECRUITMENT EXPERTS | NEW ZEALAND & AUSTRALIA
9
+64 508 800 221 info@carejobz.com
As a highly esteemed global leader in healthcare recruitment, Carejobz is dedicated to facilitating seamless transitions for healthcare professionals seeking new opportunities in New Zealand and Australia. With an unwavering commitment to excellence, we have established a remarkable reputation for successfully placing countless individuals in positions that align perfectly with their skills and aspirations. Our distinguished team of experienced recruiters boasts an impressive collective experience of over 100 years within the industry. Leveraging our deep understanding of the Aged Care, Nursing, and Healthcare sectors, we take great pride in providing a personalized and personable experience for each candidate we work with. Collaborating with renowned organisations in the Australian and New Zealand Healthcare industry, we have earned the distinction of being their trusted recruitment partner of choice. If you are seeking a new opportunity in Australia or New Zealand Healthcare in…
HEALTHCARENZ LIMITED
1,020
+64 800 002 722 info@healthcarenz.co.nz
HealthCare NZ Limited was established over 30 years ago. Today, HealthCare NZ is proud to work alongside 20,000 New Zealanders to help them achieve greater independence and a better quality of life. Over the years our services have expanded to encompass community health, rehabilitation services, disability support, mental health and wellbeing, specialist behaviour services, education and training, a specialised pharmacy, medical alarms and other healthcare monitoring technologies. As we have grown over time, so too have our different company brands. To bring us all together, in 2014 we re-branded our various services and programmes. As a result, HealthCare NZ is now the parent company of: Healthcare NZ Community Health: • Works with the Ministry of Health, DHBs and private clients to assist people to remain living independently in their homes. Healthcare Rehabilitation: • Provides specialised injury-related home support, nursing services and rehabilitation support. NZCare Disab…
ALURO HEALTHCARENZ
13
+64 800 800 085 info@aluro.co.nz
Sales and marketing of Healthcare products including, dental consumables & equipment, also medical, pharmacy and vet products. Aluro HealthcareNZ represents a number of international agencies in the healthcare environment - importing, warehousing and distribution. Our systems and structure are state of the art to add signifcant value to our important business partners
Top Pharmacy Companies in New-Zealand
Key Statistics from 2022
According to data from Statistics New Zealand, the Pharmacy industry generated $2.4 billion in revenue in 2022, a 4.3% increase from the previous year. Employment in the industry also increased, with 20,400 people employed in pharmaceutical and medicinal product manufacturing, wholesaling, and retailing in 2022, up 2.6% from the previous year. This growth is expected to continue, with the industry projected to generate $2.8 billion in revenue by 2027.
Factors Contributing to the Industry's Growth and Success
Government Initiatives
The New Zealand government has played an important role in supporting the growth of the Pharmacy industry through a range of initiatives. One of the most important of these is the Pharmaceutical Management Agency (PHARMAC), which is responsible for managing the pharmaceutical budget and negotiating prices with suppliers. This has helped to keep the cost of medicines down and ensure that New Zealanders have access to the medicines they need.
Another key initiative is the Primary Health Care Strategy, which aims to improve access to healthcare services, including pharmacy services, for all New Zealanders. This has led to an increased focus on preventative care and the role of pharmacies in promoting healthy lifestyles.
Industry Growth and Comparison to Previous Years
The Pharmacy industry in New Zealand has experienced steady growth over the past decade, with revenue increasing from $1.9 billion in 2012 to $2.4 billion in 2022. This growth has been driven by a number of factors, including an aging population and an increased focus on preventative care and healthy lifestyles.
Key Trends
Technological Disruptions
The Pharmacy industry in New Zealand is experiencing a range of technological disruptions, including the growth of online pharmacies, the increasing use of automation and robotics in dispensing medicines, and the emergence of digital health platforms for patient monitoring and support. These technologies are transforming the industry and creating new opportunities for pharmacies to improve efficiency, reduce costs and increase patient safety.
Challenges
Despite the growth and success of the Pharmacy industry in New Zealand, it still faces a range of challenges. One of the most significant of these is the increasing pressure on pharmacy margins, as the cost of medicines and other products continues to rise while reimbursement rates remain relatively stable.
Another challenge is the need to adapt to changing patient needs and expectations, including an increased focus on self-care and the use of digital health technologies. The industry will need to invest in new technologies and training to meet these changing demands, while also ensuring that patient safety and quality of care remain a top priority.
Future Outlook
Looking ahead, the future of the Pharmacy industry in New Zealand looks promising. The industry is expected to continue to grow in the coming years, driven by government initiatives, technological disruptions, and increasing demand for healthcare services.
One area of focus will be the development of new business models that leverage digital technologies to reach wider audiences and reduce costs. This will require investment in new distribution channels and marketing strategies, as well as a willingness to experiment with new formats and platforms.
Another key area of focus will be the expansion of pharmacy services beyond traditional dispensing and counseling. This will require the development of new services and programs that promote healthy lifestyles and disease prevention, as well as greater collaboration between pharmacists, physicians, and other healthcare providers. These initiatives will be critical to ensuring that pharmacies remain a key part of the healthcare system in New Zealand.
Moreover, the industry will need to continue to invest in training and education to ensure that pharmacists and other pharmacy staff have the skills and knowledge necessary to meet the changing demands of patients and the industry. This will require collaboration between industry players, government, and educational institutions to develop new training programs and certifications that reflect the evolving nature of the industry.
Conclusion
In conclusion, the Pharmacy industry in New Zealand is a vital and growing part of the country's healthcare system. With continued government support, technological innovation, and a focus on patient safety and quality of care, the industry is well-positioned to thrive in the years ahead. By embracing new trends and technologies, expanding services beyond traditional dispensing and counseling, and investing in education and training, the industry will continue to evolve and improve, while continuing to improve the health and wellbeing of New Zealanders.