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