Apollo Pharmacy has over 50% market share amongst India’s organized pharmacies
Mumbai, 21st September 2022: Apollo Pharmacy, India’s largest and most trusted omnichannel pharmacy retailer has hit yet another milestone with the opening of its 5,000th store in India. The new store in Chennai opened at Perungudi, OMR Road, Chennai.
Ms. Shobana Kamineni, Executive Vice Chairperson, Apollo Hospitals Enterprise Ltd. spoke about the journey that started in the year 1987 in Chennai, “Consumer choices are evolving, and we will continue to differentiate ourselves on range and service offerings, not just price. Today, there is an increasing focus on preventive healthcare with consumers realising the importance of diet, exercise, quality medication and wellness products from a trusted source. The resulting rise in demand for better quality healthcare products and focus on wellness is driving the growth of the organised retail pharmacy sector in India.
“The launch of the 5000th store cements Apollo Pharmacy’s No. 1 position in the organised retail pharmacy sector with our distinct omni retail model. There is immense potential in the retail pharmacy sector and we are well poised to become the first choice for consumers looking for a trusted health and wellness partner. Over 60 crore Indians today have physical access to an Apollo Pharmacy. We serve approximately 7 lakh consumers every single day, a number we intend to take to 10 lakhs in the future.
“Our digital app, Apollo 247 has also ushered in a new era of better health for everyone easing access to all of Apollo, anywhere, anytime. Through the app, another 50 crore Indians can get their medicines delivered in 24 hours.”
Speaking at the occasion, Mr. P Jayakumar, CEO, Apollo Pharmacies Ltd. said “It gives us immense pleasure to further the dynamic vision of our chairman Padma Vibhushan Dr Prathap C. Reddy to make genuine medicines accessible to all patients round the clock. We will continue to bring health essentials within everyone’s reach with a target of 10,000 brick and mortar stores across India”.
The 5000th store at OMR Road Chennai will offer services like audiology and optometry. The pharmacy also has a kiosk where consumers can get vitals checked instantly, book a private video consultation with a doctor and order lab tests for home collection.