People ’s stores break 10,000 houses, chain pharmacy differentiation: giants accelerate expansion, small pharmacies are more difficult to survive

Today (June 26), the people of the pharmacy chain (SH603883, the stock price of 43.88 yuan, and a market value of 19.7 billion yuan) announced that the number of stores exceeded 10,000, becoming the first privately listed pharmaceutical retail company with a number of private listed stores.

"Daily Economic News" reporter noticed that in the past two years, the new crown epidemic has affected all walks of life. Most of the offline store -based service industries have "conservative" operations to slow down offline store opening, but Different strategies are generally adopted by chain pharmacies. Not only the people, other chain pharmacies also release a stronger expansion signal than before.

President Wang Li today told reporters of "Daily Economic News" through WeChat that the more the industry's pressure, the more the leading enterprise expansion. In the opinion of Huang Xiuxiang, the former secretary general of the Hunan Pharmaceutical Distribution Industry Association, it is expected that several other listed pharmacies will also accelerate the volume of "Wandian". However, in general, with the implementation of policies such as personal account reform and outpatient clinics of employees, the influence of pharmaceutical retail industry will become more and more difficult to superimposed the impact of drug collection and epidemic.

Chain pharmacies will enter "Wandian" competition

In the past ten years, the pharmacy business has gradually shifted from the original "husband and wife shop" to retailers.

According to the latest "Drug Supervision and Administration Statistics Report (2021)" released by the State Drug Administration in March this year, as of the end of September 2021, a total of 606,500 "Drug Operation License" licenses in the country, pharmacy The chain rate was 57.17%, and the number in 2012 was only 36%.

The common people, Yifeng Pharmacy, Yixintang, and Gas Ginseng are the head enterprises of the A -share pharmacy sector. They are the main promoters of the increased concentration of pharmacies. Especially after the valuation of small and medium -sized pharmacies in the past two years has generally declined, the above -mentioned "Four Great King Kong "Continue to increase the intensity of the horse racing circle. According to statistics, in 2021, the total number of four pharmacy companies in the above four pharmacies was 6,833, which was much higher than 5,179 in 2020. As the common people first draw their heads, the other three companies are also expected to reach the scale of "10,000 stores" within two years.

This year, the people still maintain the rhythm of high -speed expansion. As of now, the number of new stores has exceeded 1,600. According to Wang Li's previous disclosure, the company will still focus on the "four -driving carriage" strategy this year, and plans to open 2,500 to 2,800 new stores through self -employment, Xinghuo, joining, and alliances.

CITIC Securities Research reports that in the future, the national stock medical insurance stores are facing standardized shuffle, and the pressure on small and medium chains that simply rely on regional and inherent medical insurance resources will increase. The industry concentration is expected to accelerate and improve. Head enterprises concentrate.

The giant speeds up, and the space of small and medium -sized pharmacies is further squeezed

The accelerated expansion of chain giants is the only law for pharmacy competition. Gao Yi, chairman of Yifeng Pharmacy, bluntly stated at the 2021 annual shareholders' meeting that the core competitiveness of the chain pharmacy track is high -efficiency and high -quality large -scale expansion, because consumers are more inclined to choose a place where 5 minutes walking distance can take medicine to get medicine to get medicine. The more intensive the pharmacy layout, the more convenient the consumer.

From the perspective of giants, the industry's horse -ranging circle will speed up.

Gao Yi emphasized at the shareholders' meeting that the development process of the chain pharmacy industry is also a process of rapid increase in the industry. At present, the industry is in the first two stages of transition period, that is, the total market share of head pharmacies in various provinces moves closer to 70%. Domestic chain pharmacies are at an important stage of accelerated circles.

However, each player has also changed. "Daily Economic News" reporter noticed that the 10,000 stores of ordinary people are located in Taojiang County, Yiyang City, Hunan Province. The county -level city will be the main direction of the future expansion of ordinary people.

Xie Zilong, the chairman of the common people, mentioned at the annual shareholders' meeting that compared to the previously occupying key cities, the people's store expansion has tended to sink to county -level cities. Considering that the sinking market is less affected by the epidemic and restrictions on the Internet capacity, ordinary people will restrict or even shrink the stores in first- and second -tier cities to increase stores in the sinking market.

When the pharmacy giant poured into the "10,000 stores", the living space of small and medium pharmacy will become narrower. Anxin Securities Research reported that the current domestic epidemic is effective control, the return of the first -level market mergers and acquisitions to the reasonable range, and the franchise model is becoming increasingly mature.

(Cover picture source: Photo.com -500638509)

Daily Economic News

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