SEARCH   
MEMBER LOGIN    

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 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
Add to Cart
Profit
Add to Cart
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 SWOT Analysis Chapter

The Pharmacies and Drug Stores industry is in the mature stage of its life cycle. The industry's value added (IVA), which measures the industry's contribution to the overall economy, is anticipated to grow at an annualized rate of 2.8% during the 10 years to 2019. Comparatively, GDP is expected to grow at an annualized rate of 2.7% during the period. However, while the industry is growing at a faster pace than the overall economy, industry sales volumes are slowing. Additionally, high competition, coupled with many industry players consolidating, is indicative of an industry in the mature life cycle stage.

New players are also deterred by the strong rivalry between the top two players (Walgreen Company and CVS Caremark), which make up an estimated 79.0% of industry revenue... 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


View Sample
Quote
Select Clients