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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 | Apr 2016

Doctor's orders: Despite profit setbacks, healthcare reform and an aging population will encourage 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
$284bn
Annual Growth 11-16
2.7%
Annual Growth 16-21
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Profit
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Employment
723,757
Businesses
21,785
Industry Analysis & Industry Trends

The Pharmacies and Drug Stores industry has exhibited growth despite some negative side effects from the regulatory environment. For example, the industry has grappled with changing generic drug prices to reflect reimbursement rates. As a result of this trend, the industry has contended with PBMs not updating their payment benchmarks, thus the industry has not received an adjusted reimbursement rate for their previous prescription sales, which has cut into industry revenue. Nevertheless, the patent cliff, which caused many blockbuster drugs to lose their patent exclusivity, has bolstered industry revenue. In the five years to 2021, healthcare reform will increase the number of individuals with health insurance, which increases the volume of pharmaceutical sales... purchase to read more

Industry Report - Industry Locations Chapter

The Pharmacies and Drug Stores industry requires chain stores and independently operated stores to have a widespread geographic presence of conveniently located stores to be competitive. Chain drug stores with a broad geographic presence typically have an advantage over independent stores. As many Americans use pharmacies as a primary healthcare source, these stores are more capable of negotiating low prescription prices with large insurance and pharmaceutical companies.

As with most other retail establishments, convenience has become a key to success. A company's location and the ability to provide one-stop shopping are significant marketing factors... 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 drugs Generic drugs Nonprescription medicines Personal health supplies Groceries and food itemsVitamins, minerals and dietary supplementsCosmetics
 
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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