Pharmacies & Drug Stores in Canada
Over the five years to 2018, the Pharmacies and Drug Stores industry in Canada has benefited from the fact that pharmaceuticals currently comprise the second-largest health expenditure in Canada. While rising pharmaceutical prices have bolstered industry revenue, many provincial drug programs have restricted prescription prices to cut healthcare costs to consumers, hurting industry operators. Nevertheless, many pharmacies and drug stores have been able to generate strong revenue streams from generic drugs. This growth is expected to continue over the five years to 2023, as pharmaceuticals continue to account for a large share of health expenditures.
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.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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