The document compares the pricing strategies and gross merchandise value of PharmEasy and 1Mg. It shows that PharmEasy can adopt competitive pricing, membership programs, and corporate partnerships. A SWOT analysis finds PharmEasy's strengths are lower costs, convenience and technology, while weaknesses include unqualified pharmacists and delivery issues. The gross merchandise value and net revenue of PharmEasy increased from fiscal 2022 to 2023, with revenue growing from Rs. 57,288.21 million to Rs. 67,051.19 million.
The document compares the pricing strategies and gross merchandise value of PharmEasy and 1Mg. It shows that PharmEasy can adopt competitive pricing, membership programs, and corporate partnerships. A SWOT analysis finds PharmEasy's strengths are lower costs, convenience and technology, while weaknesses include unqualified pharmacists and delivery issues. The gross merchandise value and net revenue of PharmEasy increased from fiscal 2022 to 2023, with revenue growing from Rs. 57,288.21 million to Rs. 67,051.19 million.
The document compares the pricing strategies and gross merchandise value of PharmEasy and 1Mg. It shows that PharmEasy can adopt competitive pricing, membership programs, and corporate partnerships. A SWOT analysis finds PharmEasy's strengths are lower costs, convenience and technology, while weaknesses include unqualified pharmacists and delivery issues. The gross merchandise value and net revenue of PharmEasy increased from fiscal 2022 to 2023, with revenue growing from Rs. 57,288.21 million to Rs. 67,051.19 million.
Lab Test Pricing comparison ( Metropolis / 1Mg/ PharmEasy)
600 Pricing strategies Pharmeasy can adopt – 500 400 Competitive Pricing:Continue offering 300 competitive prices for individual lab 200 tests, especially for popular ones like 100 "Vitamin D 25" and "Thyroid Profile.“ 0 Vitamin Vitamin Lipid Thyroid Liver Kidney CBC D 25 B12 Profile Profile Function Function Membership Programs: Introduce a membership program where customers 1 MG PharmEasy pay a monthly or annual fee to access exclusive discounts on lab tests. Average discount on tests (TATA 1 Mg V/S PharmEasy) Corporate Partnership: Provide bulk 78%73% testing services with corporate discounts, 57% 50% 44% 50% 51% 50% promoting health and wellness in the 43% 43% 41% 35% 36% 25% workplace.
Vitamin Vitamin Lipid Thyroid Liver Kidney CBC
D 25 B12 Profile Profile Function Function
Average Discount (1 Mg) Average Discount (PharmEasy)
SWOT Analysis – Comparison (PharmEasy V/S 1Mg) PharmEasy Tata 1Mg • Less costly • Diverse Product Portfolio • Ease of Payments • Technological Integration Strength • Convenient and User-friendly • Supply Chain Integration • Upgraded Technology • Brand Recognition (TATA Group) • Increase use of Mobile Health Solutions
• Non-trained Pharmacist • Dependency on Third-Party Sellers
Weakness • Unsafe Delivery of Medicines • Limited Physical Presence • The Belief of fake and low-quality medicines • High Customer Acquisition Cost
• Internet Coverage in rural areas • Health Tech Innovations
• Increase in market value • Strategic Partnerships Opportunity • Demand for Healthcare Services • Telehealth Market Growth • Medical requirements at single platform • Focus on Preventive Healthcare
• Political Instability • Regulatory Changes
• Unstructured Grievance Handling System • Supply Chain Disruptions Threads • Increasing Competition Between Online & • Market Saturation Offline • Changing Consumer Behaviour Gross Merchandise Value (GMV) in Fiscal 2022, 2023 Rs. In Million
Gross Merchandise Value As of and For Fiscal 2022 As of and For Fiscal 2023
Distribution to Retailers 21,143.60 17,039.53
Distribution to Chemist / 31,893.41 36,610.17
Institution (Retailio 1P)
Distribution to Hospitals 31,893.41 13,264.19
(Aknamed)
Retailio 3P 31,893.41 70,681.14
Thyrocare 5,795.35 4,632.02 API diagnostics 773.83 1,236.08 Total 1,34,576.43 1,43,463.14 Net Revenue for Fiscal 2022, Fiscal 2023 (Consolidated) Rs. In Million
Revenue As of and For Fiscal 2022 As of and For Fiscal 2023
Sale of Products (A) 52,282.28 59,839.34
Distribution to Retailer 18,834.76 15,194.34
Distribution to Chemist / 18,834.76 32,646.08
Institution (Retailio 1P) Distribution to Hospitals (Aknamed) 18,834.76 11,996.92
Sale of Services (B) 5,005.93 7,211.85
Thyrocare 2,920.86 4,632.02 API diagnostics 773.83 1,236.08 Other services 1,311.24 1,343.75 Total (A + B) 57,288.21 67,051.19 5