THE Attain Pharmacy Market Sentiment Survey reveals renewed optimism in the pharmacy sector, with increased buyer demand and confidence in rising business prices.
The survey, which tracks market sentiment and pharmacy business sales trends every four months, is now in its 12th iteration and included responses from 61 pharmacists and pharmacy owners across Australia.
The Jun market survey found that approximately 69% of respondents are now looking to buy a pharmacy within the next five years, a significant increase from 44% in Oct 2023.
Additionally, the percentage of pharmacy owners planning to sell within the next five years has dropped to 28%, down from 46% in Feb this year.
Interestingly, 18% of owners are considering bringing in a junior partner instead of selling.
Furthermore, a majority of respondents, 63%, believe that pharmacy business prices will rise over the next 12 months, up from just 18.2% in Oct 2023, while 27.8% expect prices to remain flat.
Pharmacy broker Attain Pty Ltd's Natalie Sirianni said, "the results show a significant rebound in the pharmacy business sales market post-8CPA announcement, with the highest percentage of pharmacists looking to buy since the survey began in Jul 2020".
"Interestingly, fewer business owners are looking to sell in the next two years." JG
The above article was sent to subscribers in Pharmacy Daily's issue from 15 Jul 24
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