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May, 2020
Pharmacy
Market Watch.
May, 2020
Our analysis
• Week 19 2020, from the 4th to 10th of May, was the 1st week in which Spain entered into “Phase 0” and in which Portugal entered into the first stage of its respective deconfinement process after two months of strict lockdown orders in both countries, meant to contain the spread of the novel coronavirus.
• In the 19th week, retail pharmacies in Spain dispensed 40,5 million units, up +34,8% when compared with the same week last year, and up +3,8% in the accumulated period from weeks 4-19 versus the same period last year.
• This week’s growth in the Spanish pharmacy market is driven mostly by the sales of consumer health products, especially respiratory face masks and products in some spring season categories.
• In Portugal, retail pharmacies dispensed 6,4 million units, down -13,7% when compared with the same week last year, and up +5,3% in the accumulated period from weeks 4-19.
• Both markets reflect similar market phenomena regarding the stockpiling and possibly augmented treatment compliance in prescription medicine dispensation, as well as the return of some spring categories with the first week of deconfinement coinciding with warm, sunny weather on the Iberian Peninsula. However, the markets differ in week 19 primarily due to the behavior of the protective face masks category.