Growth in the Pharmacy Business

Reports show that between January and August this year the number of private drugstores in Costa Rica grew from 1,102 to 1,166, and the main participants say the market is still not saturated.

Monday, August 14, 2017

Figures from the College of Pharmacists indicate that between February 2 and August 7 "... independent pharmacies grew from 751 to 771, while those belonging to chains increased from 387 to 395 points." The pharmacy business is still growing in the country, where recent acquisitions and changes which have taken place in recent months point to this market still having growth potential.

See also "Central America: Pharmaceutical Imports Up 6%" reports that "...This growing trend looks like it will be maintained in the coming years, according to the growth plans of companies such as Fischel and La Bomba (belonging to Cuestamoras), Walmart de México y Centroamérica, Farmavalue, as well as Santa Lucía."

"... These companies do not believe that there are signs of saturation in the country and assure that there are still locations with high demand for services. According to an account by EF (on the establishments of six chains), San José is where the majority of outlets are concentrated, followed by Heredia, Alajuela, Guanacaste, Puntarenas, Cartago and Limón."

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