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%"

Elfinancierocr.com 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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More on this topic

Pharmacies: Business in a Few Hands

April 2019

In Costa Rica, 58% of the almost 500 points of sale operating under the chain scheme belong to three companies.

Figures from the College of Pharmacists of Costa Rica (Colfar) detail that 1,169 establishments dedicated to the sale of pharmaceutical products are reported throughout the country, of which 671 are independent businesses and 498 are points of sale of some chain of pharmacies.

Purchase of Pharmacy Chain in Costa Rica

August 2017

It has been reported that Inversiones Farmacéuticas Santa Lucía has acquired the 18 points of sale belonging to the Chavarría pharmacy group.

The Commission to Promote Competition (Coprocom) confirmed to Elfinancierocr.com that the buyer is "... Inversiones Farmaceúticas Santa Lucía S.A.

Costa Rica: Pharmacy Chain Changes Hands

February 2017

The owner of Farmacias Fischel has announced the acquisition of 100% of the pharmacy chain La Bomba, in a transaction whose amount was not disclosed.

Grupo Cuestamoras, owner of the Fischel drugstore chain bought the pharmacy chain La Bomba, in a transaction that is still subject to approval by the Commission for the Promotion of Competition.

Nicaragua: Hondurans Buy Pharmacy Chain

December 2015

Through its subsidiary Pharmacies Kielsa, the honduran group has acquired Farinter Farmex a drugstore chain in a transaction whose amount was not disclosed.

Felipe Gurdián, president of the Association of Nicaragua United Pharmacies (Afun) confirmed the transaction, noting that the amount is unknown.

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