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Pharmacies & Drug Stores in Newfoundland

Author.Name IBISWorld Canada Last Updated: August 2025 NAICS NL44611CA

Pharmacies & Drug Stores in Newfoundland industry analysis

Revenue for the Pharmacies & Drug Stores industry in Newfoundland And Labrador is expected to decline an annualized -x% to $x.x million over the five years to 2025, while revenue for the national industry will likely grow at x.x% during the same period. The number of industry establishments has increased an annualized x.x% to xxx locations over the past five years. Industry employment has increased an annualized x.x% to x,xxx workers during the period, while industry wages have decreased an annualized -x.x% to $x.x million.

Over the five years to 2030, provincial industry revenue is expected to grow an annualized x.x% to $x.x million, while revenue for the national industry will likely grow x.x%. The number of industry establishments is forecast to grow x.x% to xxx locations over the next five years. Industry employment is expected to increase an annualized x.x% to x,xxx workers during the outlook period, while industry wages likely increase % to $x.x million.

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About the Pharmacies & Drug Stores in Newfoundland Market Research Report

What’s Included in the Pharmacies & Drug Stores in Newfoundland Market Research Report

Definition of the Pharmacies & Drug Stores in Newfoundland?

Pharmacies and Drug Stores in Canada retail a range of prescription and over-the-counter drugs and medications, health and beauty items, toiletries and consumable goods directly to consumers on a walk-in basis. Stores may also provide basic health and photo-processing services. The industry includes retail stores with a pharmacy but excludes mail order and online retailers, hospitals and clinics.

What’s included in the Pharmacies & Drug Stores in Newfoundland?

The Pharmacies & Drug Stores in Newfoundland includes preparing and selling prescription pharmaceuticals, selling nonprescription pharmaceuticals, retailing personal and beauty products, retailing infant care products and retailing eyewear and eye care products. Related terms covered in the Pharmacies & Drug Stores in Newfoundland industry report includes medicine that can be purchased without a prescription, a licensed medicine that can only be obtained with a doctor's approval, sales of products from the front of the store, or products sold separately from the pharmacy, widely used pharmaceuticals that generate more than $1.0 billion annually in revenue for the developer and a nonprofit mutual insurance corporation financed by employers' contributions, with a statutory mandate from the province.

Industry Performance of the Pharmacies & Drug Stores industry in Newfoundland

Benchmark the Pharmacies & Drug Stores in Newfoundland industry performance with all NL Census Metropolitan Area and national performance.

Pharmacies & Drug Stores in Newfoundland

#9 in Highest Revenue 0.9% of province's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Pharmacies & Drug Stores in Canada


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Pharmacies & Drug Stores industry in Newfoundland

See how key industry drivers, such as population, per capita disposable income, gross domestic product, total health expenditure, per capita disposable income and number of adults aged 65 and older are impacting Pharmacies & Drug Stores in Newfoundland

Newfoundland Economic Indicators

Population
Per Capita Disposable Income
Gross Domestic Product

View more economic information in NL State Economic profile

Canada Key External Drivers

Total health expenditure
Per capita disposable income
Number of adults aged 65 and older

For the full list of industry drivers, see report purchase options.

Census Metropolitan Area Data of the Pharmacies & Drug Stores industry in Newfoundland

Access proprietary data on Census Metropolitan Area in the Pharmacies & Drug Stores in Newfoundland, such as St. John's, Corner Brook and Grand Falls-Windsor. Data includes figures on revenue, establishments, employees and wages by Census Metropolitan Areas.

Key Statistics of the Pharmacies & Drug Stores industry in Newfoundland

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Pharmacies & Drug Stores industry in Newfoundland in 2025?

The market size of the Pharmacies & Drug Stores industry in Newfoundland is $767.0m in 2025.

How many businesses are there in the Pharmacies & Drug Stores industry in Newfoundland in 2025?

There are 207 businesses in the Pharmacies & Drug Stores industry in Newfoundland, which has been growing at an average annual rate of 0.4% from 2020 to 2025.

Has the Pharmacies & Drug Stores industry in Newfoundland grown or declined over the past 5 years?

The market size of the Pharmacies & Drug Stores industry in Newfoundland has been declining at an average annual rate of -1.0% from 2020 to 2025.

How many employees in the Pharmacies & Drug Stores industry in Newfoundland in 2025?

There are 2,929 employees in the Pharmacies & Drug Stores industry in Newfoundland, which has been growing at an average annual rate of 0.6% from 2020 to 2025.