Overview

IBISWorld’s Pharmacies & Drugstores market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

REPORT SNAPSHOT

Industry Analysis & Industry Trends

Over the five years to 2017, revenue for the Pharmacy and Drugstore industry has been growing at an annualized rate of 16.6%, and is expected to reach $129.8 billion in 2017. Many factors have supported the development of the industry, including substantial growth in domestic demand for drugs retailed by drugstores, relatively higher drug prices in hospitals and consumers' increased ability to self medicate. Additionally, China's accession to the World Trade Organization in December 2001 and the subsequent entry of foreign investment have boosted industry growth. The government's support for the development of chain drug retailing enterprises has also been a positive influence on the industry.

The industry is not highly profitable; profit is expected to account for only 5.0%...

shopping_cartBUY NOW TO READ MORE

Industry Report - Industry Key Buyers Chapter

In 2017, the combined market share of the industry's top four firms is estimated at 4.2%. The top 100 chain drugstores are expected to have a combined market share of about 20.0% during 2017. This represents a low industry concentration level.

As many mergers and acquisitions have occurred across the industry in recent years, market share concentration has increased slightly. It is expected to increase steadily in the future as large chain drug retailers further increase their outlet numbers and with the implementation of new, stricter Good Selling Practice (GSP) measures.

..

shopping_cartBUY NOW TO READ MORE

Additional Insights for the Pharmacies & Drugstores Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Pharmacies & Drugstores Industry are

  • Economies of scale
  • Experienced work force
  • Ability to control stock on hand
  • IBISWorld analysts also discuss how external factors such as Health Policy and Key Attitudinal Changes - Health Consciousness in the Pharmacies & Drugstores industry impact industry performance..

    shopping_cartBUY NOW TO READ MORE

    Look under the hood?

    Download a FREE sample report

    Industry Products

    What is the Pharmacies & Drugstores Industry?

    The Pharmacy and Drugstore industry in China retails both western medicine and traditional Chinese medicine, products for birth control and sexual healthcare, and other personal and pharmaceutical products.

    Industry Products
    Prescription drugs
    Over-the-counter drugs
    Sexual healthcare products
    Other personal products
    Industry Activities
    Retailing western drugs and medicines, both prescription and over the counter
    Retailing traditional Chinese medicinal herbs and materials
    Retailing patent traditional Chinese medicines and traditional Chinese medicines in ready-to-use forms
    Retailing products for birth control and sexual healthcare
    Retailing other miscellaneous personal products

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Health Policy
  • Key Attitudinal Changes - Health Consciousness
  • Levels of Health - Number of Hospital Visits - Total
  • Competition from Substitutes - Pharmacies and Drug Stores
  • Levels of Health - Disease/Epidemics
  • Levels of Health - Private Health Insurance Membership
  • Per Capita Disposable Income

  • Current Performance
  • Healthcare reforms and trends
  • Industry globalization
  • Competitive landscape
  • Business models
  • Chart: Revenue Growth

  • Industry Outlook
  • Table: Pharmacies & Drugstores Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Pharmacies & Drugstores Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • General Hospitals
  • Households

  • Key Selling Industries
  • Chinese Patent Drug Manufacturing
  • Medical Supplies Manufacturing
  • Pharmaceutical Manufacturing
  • Pharmaceutical Raw Material Manufacturing
  • Traditional Chinese Medicine Manufacturing

  • Products & Services
  • Prescription drugs
  • Over-the-counter drugs
  • Sexual healthcare products
  • Other personal products
  • Chart: Pharmacies & Drugstores Industry Products and Services Segmentation

  • Demand Determinants
  • Price and convenience
  • Self-medication trend
  • Disease incidence rates
  • Insurance
  • Disposable income levels
  • Changing attitudes
  • Healthcare reform

  • Major Markets
  • Consumers aged 55 and over
  • Consumers aged 35 to 54
  • Consumers aged 15 to 34
  • Consumers aged 14 and under
  • Chart: Major Market Segmentation for the Pharmacies & Drugstores Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Rent
  • Wages
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Pharmacies & Drugstores

  • Basis of Competition
  • Quality
  • Product range
  • Price
  • Outlets
  • Location
  • Environment and size
  • Services and customer management
  • Brand and marketing
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Pharmacies & Drugstores Industry

  • Industry Globalization
    Major Companies
    Sinopharm Group Co. Ltd.Guangdong Da Shen Lin Chain Drugstore Co., Ltd.Yunnan Hongxiang Yixintang Pharmaceutical Co. Ltd.Chongqing Tongjunge Big Drugstore Chain Co., Ltd.Hunan Laobaixing Big Drugstore Chain Co., Ltd.
  • Table: Sinopharm Group Co. Ltd. - financial performance
  • Table: Guangdong Da Shen Lin Chain Drugstore Co., Ltd. - financial performance
  • Table: Yunnan Hongxiang Yixintang Pharmaceutical Co. Ltd. - financial performance
  • Table: Chongqing Tongjunge Big Drugstore Chain Co., Ltd. - financial performance
  • Table: Hunan Laobaixing Big Drugstore Chain Co., Ltd. - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Pharmacies & Drugstores Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Pharmacies & Drugstores Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Total Assets (2008-2022)
  • Chinese Patent Drugs Output (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Drug Supermarkets
  • Large drugstores with drug products displayed in an open-shelf manner.
  • Fair-Price Drugstores
  • Drugstores that sell drugs at low prices with low profit margins.
  • Good Selling Practice (Gsp)
  • A certification for drug distributors (see the Regulation and Policy section for more information).
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Pharmacies & Drugstores:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Pharmacies & Drugstores market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Pharmacies & Drugstores, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

    Join IBISWorld today

    Contact Us

    Want to speak to a representative? Call us.

    clear