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 Key Buyers Chapter
In 2014, the top four industry players generate an estimated 65.7% of industry revenue. The Pharmacies and Drug Stores industry primarily reflects an evolving duopoly, with Walgreens and CVS dominating the industry. As industry operators consolidate, Walgreens and CVS will strengthen their market share. As a result, the market share of independently operated stores and small chains will continue to decline as operators contend with Medicaid and Medicare reimbursement rate pressure and rising external competition.
Due to consolidation, the number of industry enterprises is anticipated to decline at an annualized rate of 1.6% to 22,147 during the five years to 2014... purchase to read more