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