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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

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 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 SWOT Analysis Chapter

The Pharmacies and Drug Stores industry is in the growth stage of its life cycle. IBISWorld estimates that the industry's value added, which measures the industry's contribution to the overall economy, will grow at an average annual rate of 3.2% during the 10 years to 2019. Comparatively, GDP is expected to grow at an annualized rate of 2.4% during the ten-year period.

While many industry products are mature and have developed stable need-based demand from consumers, the industry still benefits from drug innovations. For example, as research and development expenditures are expected to rise at an annualized rate of 2.4% during the period, the industry benefited from more drugs in pharmaceutical manufacturers' drug pipeline... 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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