57% profitability of pharmacists in Morocco, while in Portugal it does not exceed 5.58% – Day 24
The profit margin of a pharmacist in Morocco for medicines with an ex-factory price less than or equal to AED 166 is 57%, while in Turkey it does not exceed 25%, in Portugal 5.58%, in France 21.4 % and 6.42% in Belgium.
According to the 2021 report of the Supreme Accounting Council, profit margins range from 47% to 57% for drugs whose ex-factory price, excluding fees, is less than or equal to AED 588, and for drugs whose production price exceeds AED 558, these markups range from 300 to 400 dirhams each.
While the profit margin for wholesale pharmaceutical establishments ranges from 11% for medicines with a factory price less than or equal to AED 588 before commissions, to 2% for other medicines.
A comparison of the profit margins of pharmaceutical wholesalers and accredited pharmacies in Morocco with those accredited in standard countries showed that the profit margins accredited in Morocco are relatively high.
The profit margin of approved pharmaceutical wholesalers in Turkey ranges from 4% to 9% for drugs whose factory price, excluding fees, is less than or equal to AED 222.46. On the contrary, the margin is reduced to 2% only if this price exceeds AED 222.46 dirhams. dirhams.
Whereas in France, the 6.93% rate of return applies only to medicines whose ex-factory price, excluding fees, is less than or equal to AED 4,996.09, with a minimum cost of AED 3,196 and a ceiling of AED 340.9.
While the margin does not apply to medicinal products whose ex-factory price, excluding fees, exceeds this amount.
It is reported that between 2014 and 2021, the reduction in the sale price to the public included a total of 3,417 medicines out of 7,876 medicines licensed for sale in Morocco, averaging 43%.
The selling price was increased for 44 drugs, while maintaining the original prices for 4415 drugs, i.е. by 61%.