Switches, Pediatric Products Highlight OTC Outlook In Independent Pharmacies
Executive Summary
OTC cold and allergy product sales lead the health, wellness and beauty segment in 16,000 US independent pharmacies, says Hamacher Resource Group. Vitamins and supplements, which lead other categories in chain retail pharmacies, are the No. 2 category in independent pharmacies.
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Some Health And Wellness Categories Find Sales Niche In Independent Pharmacies
Acne cream, gels, lotions and patches showed 33% unit growth in independent stores in 2015-2017, compared to 16.7% growth in chain pharmacies, according to Hamacher Resource Group.“You have to choose your partners wisely and choose your categories. If you do that well, do your homework, I think there’s an opportunity” to grow sales in independent pharmacies, says Hamacher VP Dave Wendland.
Some OTC Drug Categories Find Their Sales Niche In Independent Pharmacies
External pain relief ointments and gels showed 23.5% growth in units sold in US independent pharmacies between 2015 and 2017, ahead of the category's 9% growth in chain pharmacies, according to Hamacher Resource Group. Noting niche OTC product categories sell particularly well in independent outlets, Hamacher VP Dave Wendland says the 22,000-strong independent pharmacy channel still presents opportunities for OTC marketers.
Some OTC Drug Categories Find Their Sales Niche In Independent Pharmacies
External pain relief ointments and gels showed 23.5% growth in units sold in US independent pharmacies between 2015 and 2017, ahead of the category's 9% growth in chain pharmacies, according to Hamacher Resource Group. Noting niche OTC product categories sell particularly well in independent outlets, Hamacher VP Dave Wendland says the 22,000-strong independent pharmacy channel still presents opportunities for OTC marketers.