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Pharmacies & Drug Stores in Canada: Market Research Report

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

Pharmacies & Drug Stores in Canada Market Research Report | NAICS 44611CA | Jul 2015

Healthy growth: Revenue is expected to grow as pharmaceutical demand increases

The Pharmacies & Drug Stores market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Industry Statistics & Market Size
Revenue
$33bn
Annual Growth 10-15
0.4%
Annual Growth 15-20
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Profit
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Employment
147,828
Businesses
8,299
Industry Analysis & Industry Trends

Sustained increases in health expenditure, rising disposable income and an aging population have underpinned growth over the past five years. Revenue is projected expand during the next five years, with health expenditure and per capita disposable income continuing to rise. As a result, a greater number of companies are likely to enter the industry. However, competition from alternative retailers will remain a threat, despite this expansion... purchase to read more

Industry Report - Industry Key Buyers Chapter

The Pharmacies and Drug Stores industry has a moderate level of market share concentration. In 2015, the largest four companies are expected to generate less than 61.0% of industry revenue. Over the past five years, market share concentration has steadily increased, which can be attributed to key players Shoppers Drug Mart and Jean Coutu Group strengthening their market share through mergers and acquisitions.

For example, Shoppers Drug Mart has focused on enhancing their patient counselling as well as health and wellness services, whereas Jean Coutu has secured low-cost generic drugs by purchasing Pro Doc, a drug manufacturer, which has led the industry to become more concentrated... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Pharmacies & Drug Stores Industry?

This industry retails 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 and online retailers, hospitals and clinics.

Industry Products
Branded prescription drugs Generic prescription drugsOver-the-counter drugsVitamins, minerals and other dietary supplements Personal hygiene suppliesGroceries and food itemsOther merchandise
 
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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