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.
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