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