Pharmacy Pulse Report Q4 2024Analysis of the key trends in the Irish Community Pharmacy sector, prepared by Fitzgerald Power on a quarterly basis. Check it out here.Irish Economy.The Central Bank has cautioned that tariffs and tax changes by the US under the Trump administration pose risks to Ireland’s economy. Such measures could impact jobs, influence future investment decisions, and reduce corporation tax revenue from US multinationals based in Ireland.Pharmacy as Healthcare Hub.IPU President Tom Murray highlighted the pharmacy sector, with 78 million visits annually, is the most accessed healthcare service, with the potential to transform into key healthcare hubs. However, this potential is hindered by the lack of a national pharmaceutical care policy.Global Economy.The global economy maintained steady growth in late 2024, supported by easing inflation, stable consumer spending, and relaxed monetary policies. The United Nations forecasts a 2.9% global GDP growth for 2024 and 2025, with inflation expected to drop from 5.9% in 2024 to 4.5% in 2025 as per IMF estimates.IPU Warning.The Irish Pharmacy Union has warned that without action from the next Government more pharmacies are at risk of closure due to a 16-year freeze on pharmacist fees.United States Presidential Election.The election for President of the United States took place in November. The Republican candidate Donald Trump beat Democrat candidate Kamala Harris by 312 electoral college votes to 226.Discover the Power of Benchmarking!We have introduced additional data to our quarterly report related to our new Benchmarking Service. Now, you can assess your pharmacy’s performance and labour rates in comparison to pharmacies with similar turnovers within your sector and geographical location. Unlock your pharmacy’s full potential and maintain a competitive edge in your industry.Get in touch to enquire and learn more here.Read more of Q4 2024 in the full report which can be downloaded here.Fitzgerald Power is the leading financial advisor to the Irish community pharmacy sector and the leading pharmacy sales brokerage firm in Ireland. We’d love to hear from you so please get in touch if you think we can help.Further Articles Pharmacy Pulse Report Q3 2024Analysis of the key trends in the Irish Community Pharmacy sector, prepared by Fitzgerald Power on a quarterly basis. Read Blog Market Pulse Report Q4 2024Market Pulse is an analysis of the key trends in the SME sector, prepared by Fitzgerald Power on a quarterly basis. Check it out here. Read Blog
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