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 2.7% during the 10 years to 2020. Comparatively, GDP is expected to grow at an annualized rate of 2.2% during the ten-year period.
While many industry products are mature and have developed stable need-based demand from consumers, the industry still benefits from drug innovations. For example, as research and development expenditures are expected to rise at an annualized rate of 2.0% during the period, the industry benefited from more drugs in pharmaceutical manufacturers' drug pipeline... purchase to read more