Quick care: Federal funding for Medicare and Medicaid will increase, boosting industry revenue

Operators in the Pharmacies and Drug Stores industry in Georgia retail a range of over-the-counter and prescription medications, along with front-end goods, such as cosmetics, general consumable goods and toiletries. Over the five years to 2018, the industry experienced steady growth, as the number of people in the state with private health insurance grew and disposable income levels in the state increased. As a result, over the five years to 2018, industry revenue is expected to increase an annualized 2.6% to $7.8 billion, including estimated growth of 2.8% in 2018 alone.Over the past five years, industry operators have increased their front-end selections to include more general household goods...purchase to read more.

Industry Statistics & Market Size
Revenue
$8bn
Annual Growth 13-18
2.6%
Forecast Growth 18-23
Profit
Employment
21,981
Businesses
1,951

Industry Threats & Opportunities

  • Due to the rise in demand, companies expanded their operations
  • Industry Report - Industry Locations Chapter

    Operators in the Pharmacies and Drug Stores industry in Georgia tend to locate their establishments in areas of high foot traffic, such as high-traffic metropolitan areas and shopping centers. Therefore, the geographic spread of industry establishments is generally roughly in line with the spread of the population. Thus, the region in Georgia with the highest concentration of industry establishments is the North Metro region, home to 27.2% of establishments and 32.2% of the state's population. The other main regions for industry establishments in the state follow a similar pattern, with a share of the population that roughly matches the share of establishments: The South region is home to 22.3% of establishments and 17.1% of the population; the Northwest region is home to 20.2% o...purchase to read more.

    Additional Insights for the Pharmacies & Drug Stores in Georgia Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Pharmacies & Drug Stores in Georgia Industry are

  • Ability to control stock on hand
  • Participation in pharmacy benefit management (PBM) networks
  • Superior financial management and debt management
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income in Georgia and Number of people with private health insurance in Georgia in the Pharmacies & Drug Stores in Georgia industry impact industry performance..

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    What's in this report

    What is the Pharmacies & Drug Stores in Georgia Industry?

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

    Industry Products
  • Branded prescription drugs
  • Generic drugs
  • Nonprescription medicines
  • Personal health supplies
  • Groceries and food items
  • Vitamins, minerals and dietary supplements
  • Cosmetics
  • Industry Activities
  • Preparing and selling prescription and nonprescription drugs and medicines
  • Retailing basic consumable goods
  • Selling other miscellaneous items, such as candy, cosmetics, magazines and light refreshments
  • Advising customers on the use of both prescription and over-the-counter drugs
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Per capita disposable income in Georgia
  • Number of people with private health insurance in Georgia
  • External competition for the Pharmacies and Drug Stores industry
  • Federal funding for Medicare and Medicaid
  • Number of adults aged 65 and older in Georgia

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Pharmacies & Drug Stores in Georgia Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Brand Name Pharmaceutical Manufacturing
  • Camera & Film Wholesaling
  • Chocolate Production
  • Cosmetic & Beauty Products Manufacturing
  • Drug, Cosmetic & Toiletry Wholesaling
  • Generic Pharmaceutical Manufacturing

  • Products & Services
  • Branded prescription drugs
  • Generic drugs
  • Other
  • Nonprescription medicines
  • Personal health supplies
  • Groceries and food items
  • Cosmetics
  • Vitamins, minerals and dietary supplements
  • Chart: Pharmacies & Drug Stores in Georgia Industry Products and Services Segmentation

  • Major Markets
  • Consumer aged 45 to 64 years
  • Consumers aged 18 to 44 years
  • Consumers aged 65 and older
  • Consumers aged 17 and younger
  • Chart: Major Market Segmentation for the Pharmacies & Drug Stores in Georgia Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Pharmacies & Drug Stores in Georgia

  • Basis of Competition
    Barriers to Entry
    CVS Health Corporation, Walgreens Boots Alliance Inc., Costco Wholesale Corp., Walmart Inc.,
  • Table: CVS Health Corporation - financial performance
  • Table: Walgreens Boots Alliance Inc. - financial performance
  • Table: Costco Wholesale Corp. - financial performance
  • Table: Walmart Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Pharmacies & Drug Stores in Georgia Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

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

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Pharmacies & Drug Stores in Georgia Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Total health expenditure (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Blockbuster Drug
  • A drug product that generates annual sales in excess of $1 billion.
  • Formulary
  • A list of medicines that are covered by a health insurance plan and always meet Medicare's requirements.
  • Front-End Sales
  • Product sales from the front of the store or products sold separately from the pharmacy.
  • Over-The-Counter (Otc) Medications
  • Medicine that can be purchased without a prescription.
  • Pharmacy Benefit Manager (Pbm)
  • A third-party administrator of prescription drug programs.
  • Prescription Drug
  • A licensed medicine that can only be obtained with a doctor's approval.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Pharmacies & Drug Stores in Georgia provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

    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 & Drug Stores in Georgia:
    • 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 & Drug Stores in Georgia 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 & Drug Stores in Georgia, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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