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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 | Apr 2014

Side effects: Despite industry expansion, competition from alternate retailers remains a threat

IBISWorld’s Pharmacies & Drug Stores market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Industry Statistics & Market Size
Revenue
$33bn
Annual Growth 09-14
1.0%
Annual Growth 14-19
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Profit
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Employment
136,579
Businesses
7,818
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 Analysis Chapter

While pharmacies and drug stores benefited from the burgeoning elderly population requiring prescriptions, provincial efforts to cut healthcare costs have constrained growth. For example, many provinces and territories have slashed their reimbursement prices for generic drugs. British Columbia has implemented the most stringent policy, with generic prescription payments at 20.0% of the brand-name equivalent, which has incited other provinces and territories to follow suit. As many territories and provinces capped their reimbursement rates for generic drugs, pharmacies and drug stores struggled to remain afloat... 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 drugsOver-the-counter nonprescription medicationGeneric prescription drugs Other merchandise and photo processing services
 
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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