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 | Mar 2016

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

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
Annual Growth 11-16
Annual Growth 16-21
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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 3.0% over the 10 years to 2021. Comparatively, GDP is expected to grow at an annualized rate of 1.9% over the 10-year period.

While many industry products are mature and have developed stable need-based demand from consumers, the industry still benefits from drug innovations. However, over the five years to 2016, research and development (R&D) expenditures are expected to decline 1.9% per year on average, limiting industry operators' access to new drugs... 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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