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 2014, the largest four companies are expected to generate 70.8% 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