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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 | Jan 2014

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

The Pharmacies & Drug Stores market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

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

For every dollar spent on labor in 2014, about $0.10 is spent on capital in the Pharmacies and Drug Stores industry, indicating a low level of capital intensity. Comparatively, labor costs are substantial in this industry, accounting for an estimated 11.9% of total revenue. During the five years to 2014, labor costs increased, reflecting the rising average wages of pharmacists and technicians. In particular, the anticipated shortage of pharmacists is causing the average wage to increase as operators aim to continue to attract pharmacists. Also, industry operators are offering additional services, as more consumers use pharmacies and drug stores 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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