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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 can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

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 Locations Chapter

The industry is generally spread according to population, as households are the primary end users of industry products and services. The majority of industry establishments are located in Ontario and Quebec, which account for an estimated 66.4% of establishments in 2014, according to Statistics Canada. The majority of the population lives in the southern part of the country, which is also home to 17 of Canada's largest cities. About 62.0% of the population lives in Quebec and Ontario, which make up an estimated 21.4% and 45.0% of establishments, respectively. Additionally, many pharmacies and drug stores locate their establishments in areas with high foot traffic, such as near shopping centres... 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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