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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 provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

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 - Starting a New Business Chapter

The Pharmacies and Drug Stores industry is typified with moderate barriers to entry, which include capital requirements and access to skilled labour. In particular, many pharmacies and drug stores have moved toward investing in technology, such as technology that enables pharmacists to access patients' medical records electronically, which has posed as a barrier to entry for potential industry entrants. Furthermore, investing in technology enables pharmacies to ensure greater patient access to their prescriptions online, as well as creates a more efficient dispensing process.

Potential companies must be able to competitively price products, which typically requires larger-scale facilities that allow them to achieve economies of scale... 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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