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 | Apr 2015

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
$263bn
Annual Growth 10-15
1.2%
Annual Growth 15-20
Add to Cart
Profit
Add to Cart
Employment
721,320
Businesses
25,701
Industry Analysis & Industry Trends

The Pharmacies and Drug Stores industry has exhibited growth despite some negative side effects from the regulatory environment. The industry has contended with PBMs not updating their payment benchmarks, thus causing the industry to not receive 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 next five years, industry revenue is forecast to grow, as healthcare reform will increase the number of individuals with health insurance... 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 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