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 Products Chapter
Pharmacies and drug stores provide a range of products and services, the most important of which are the sale of prescription and over-the-counter (OTC) medications. These two product segments account for about 74.0% of industry product sales. Other products include toiletries, cosmetics, tobacco, consumables, stationery and house wares.
A prescription drug is a licensed medicine that requires a prescription from a physician or other medical practitioner before a consumer can purchase it. Sales of prescription drugs as a percentage of total industry revenue have increased in the five years to 2014, as drug stores have responded to competition from mass merchants by strengthening their core product areas... purchase to read more