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Pharmacies & Drug Stores in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Pharmacies & Drug Stores Market Research Report | NAICS 44611 | Jan 2017

Doctor's orders: Despite profit setbacks, healthcare reform and an aging population will encourage growth

IBISWorld’s Pharmacies & Drug Stores market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Industry Statistics & Market Size
Revenue
$297bn
Annual Growth 12-17
3.6%
Annual Growth 17-22
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Profit
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Employment
729,186
Businesses
53,494
Industry Analysis & Industry Trends

The Pharmacies and Drug Stores industry has exhibited growth despite some negative side effects from the regulatory environment. For example, the industry has grappled with changing generic drug prices to reflect reimbursement rates. As a result of this trend, the industry has contended with PBMs not updating their payment benchmarks, thus the industry has not received an adjusted reimbursement rate for their previous prescription sales, which has cut into industry revenue. Nevertheless, the patent cliff, which caused many blockbuster drugs to lose their patent exclusivity, has bolstered industry revenue... 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 nonprescription medicines (e.g. over-the-counter medications). These two product segments account for about 76.7% of total revenue. Other products include toiletries, cosmetics, tobacco, consumables, stationery and house wares.

Prescription drugs

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 2017, as drug stores have responded to competition from mass merchants by strengthening their core product areas. Ove.. purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Pharmacies & Drug Stores 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 itemsVitamins, minerals and dietary supplementsCosmetics
 
Industry Activities
Preparing and selling prescription and nonprescription drugs and medicinesRetailing basic consumable goodsSelling other miscellaneous items, such as candy, cosmetics, magazines and light refreshmentsAdvising customers on the use of both prescription and over-the-counter drugs


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