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Pharmacies & Drug Stores in Canada - Industry Market Research Report

Publisher IBISWorld
Published Nov 29, 2024
Length 76 Pages
SKU # IBSS19493102

Description

Pharmacies & Drug Stores in Canada - Industry Market Research Report


Pharmacies & Drug Stores in Canada

Over the five years to 2023, the Pharmacies and Drug Stores industry in Canada has benefited from the fact that pharmaceuticals currently comprise one of the largest health expenditure categories in Canada. Although increasing pharmaceutical prices have bolstered industry revenue, many provincial drug programs have restricted their prescription prices to cut healthcare costs to consumers, hindering industry operators in the process. For example, many territories have required generic drugs to be marked down by a percentage of the patent drug equivalent, limiting revenue growth and hindering more robust industry profit growth. British Columbia's reference-based pricing model in particular, which includes generic substitution reimbursement rates within particular product categories, has further constrained operators' ability to markup prescription prices for individuals with public health insurance.

The Pharmacies and Drug Stores industry in Canada 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 operators 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.

Table of Contents

76 Pages
ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

Pricing

Currency Rates
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