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Pharmacies & Drug Stores in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Pharmacies & Drug Stores Market Research Report | NAICS 44611 | Aug 2014

Side effects: Despite profit setbacks, healthcare reform and an aging population will spur growth

IBISWorld’s Pharmacies & Drug Stores market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Industry Statistics & Market Size
Revenue
$257bn
Annual Growth 09-14
2.2%
Annual Growth 14-19
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Profit
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Employment
790,020
Businesses
22,147
Industry Analysis & Industry Trends

Demand for pharmaceuticals will continue to increase as they become more affordable to more people, due to healthcare reform and the aging baby-boomer generation. However, cost cutting measures implemented by the government will likely shrink profit margins. Despite potentially small profit margins, competition will remain strong among industry players and alternate retailers... purchase to read more

Industry Report - Industry Products Chapter

Pharmacies and drug stores provide a range of products and services, the most important of which are the sale of prescription and over-the-counter (OTC) medications. These two product segments account for about 74.0% of industry product sales. Other products include toiletries, cosmetics, tobacco, consumables, stationery and house wares.

Prescription drugs

A prescription drug is a licensed medicine that requires a prescription from a physician or other medical practitioner before a consumer can purchase it. Sales of prescription drugs as a percentage of total industry revenue have increased in the five years to 2014, as drug stores have responded to competition from mass merchants by strengthening their core product areas... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Pharmacies & Drug Stores Industry?

Pharmacies and drug stores retail a range of prescription and over-the-counter medications, health and beauty items, toiletries and consumable goods directly to consumers on a walk-in basis. Industry companies may also provide basic health and photo processing services. The industry includes retail stores with a pharmacy but excludes mail-order retailers, hospitals and clinics.

Industry Products
Branded prescription drugsOver-the-counter nonprescription medicationCosmetics and toiletriesFood and beveragesOther merchandise and photo processing servicesSpecialty prescription drugsPersonal health goodsGeneric prescription drugs
 
Industry Activities
Preparing and selling prescription and nonprescription drugs and medicinesRetailing basic consumable goodsSelling other miscellaneous items, such as candy, cosmetics, magazines and light refreshmentsAdvising customers on the use of both prescription and over-the-counter drugs


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