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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 | Feb 2015

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

IBISWorld’s Pharmacies & Drug Stores market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Industry Statistics & Market Size
Revenue
$34bn
Annual Growth 10-15
1.4%
Annual Growth 15-20
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Profit
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Employment
137,296
Businesses
7,837
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 Products Chapter

Pharmacies and drug stores have benefited from pharmaceuticals being one of the fastest growing components of healthcare spending in Canada, with pharmaceutical expenditures accounting for a slightly lower share of total healthcare spending, compared with hospital expenditures.

Branded prescription drugs

In 2015, branded prescription drugs are expected to account for the largest share of industry revenue, with an estimated 60.0% of industry revenue. According to IMS Health, the average cost of a brand-name prescription is $76.05, which has steadily increased at an annualized rate of 37.0% over the past ten years. As the Canadian population aged, more consumers demanded brand-name, cholesterol-lowering 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 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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