BERLIN / LONDON (IT BOLTWISE) – The German drugstore chain dm plans to start shipping over-the-counter medications this year. This could significantly change the pharmacy market, with other major retailers such as Rossmann and Lidl also considering similar moves. The market for over-the-counter medications in Germany is extremely lucrative with a volume of around 14 billion euros.
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The entry of drugstore chains into mail order medicines could fundamentally change the pharmacy market in Germany. The drugstore chain dm has announced that it will begin shipping over-the-counter medications from the Czech Republic this year. This decision could significantly increase competition in the multi-billion dollar market for over-the-counter medications.
Other large retailers such as Rossmann and Lidl also have plans to get into the delivery of medicines. While Rossmann is already taking concrete steps to establish a shipping center in the Netherlands, Lidl is still in the planning phase. These developments could put further pressure on the market share of traditional pharmacies.
The market for over-the-counter medications in Germany is extremely lucrative with a volume of around 14 billion euros. Mail order pharmacies already account for around 25 percent of sales, and this share is constantly growing. Industry experts see the drugstore chains’ advance as a significant shift in the market structure, which brings with it both opportunities and challenges.
Market experts believe that dm will be one of the ten largest providers in the field of medication shipping in the coming year. However, there is still a long way to go to the leading mail order pharmacies from the Netherlands, such as Shop-Apotheke and Doc Morris. Developments in this area are being followed with excitement as they have the potential to permanently change the way medicines are sold in Germany.
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