Pharmacy Market in Costa Rica Revives

New premises, training of members and improving operating processes are some of the tactics that will be implemented in the pharmaceutical industry around the country.

In recent years the pharmacy market has shown significant changes, including a sharp increase in competition and lower prices. This strategy has resulted in reductions in corporate profits, leading to hopes that this year the situation does not show major changes.

Caesar Brenes notes in an article to Elfinancierocr.com: "As for prices, the prediction of respondents points to stability or even to a lowering, if current trends are followed. This comes though, according to Rodrigo Salas, director of the distributer Farmanova Intermed, after import costs rose by 8% last year. "

Source: elfinancierocr.com

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Through a new division, DIPO Pharmaceutics (Dipo Farmacéutica), the distribution company will serve the pharmaceutics industry.

DIPO has warehouses in Guanacaste, San Carlos, Pérez Zeledón, Pococí and San José. It currently serves 11.000 businesses and plans to serve 1.000 more with the new division.

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The pharmaceutical group Socofar acquired 50% of the Costa Rican operation Cefa Corporation.

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Costa Rica: Competition Intensifies in Pharmaceutical Sector

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Walmart and CEFA trigger increased competition among drugstore chains by seeking to gain market share.

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