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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 | May 2014

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

IBISWorld’s Pharmacies & Drug Stores market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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 Investment Chapter

The Pharmacies and Drug Stores industry has a low level of capital intensity. In 2014, for every dollar spent on wages, an estimated $0.10 is spent on capital in the Pharmacies and Drug Stores industry. Comparatively, labor costs are substantial in this industry, accounting for an estimated 11.9% of total revenue. During the five years to 2014, wage costs have increased, thus reflecting the rise in average wages for pharmacists and technicians. In particular, the anticipated shortage of pharmacists is causing the average wage to increase as operators aim to attract and retain their pharmacists. Additionally, many pharmacies and drug stores are offering additional services, such as on-site vaccinations, as more consumers use industry services as a form of primary healthcare... 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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