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Pharmacies & Drug Stores in Florida - Industry Market Research Report

Pharmacies & Drug Stores in Florida

The Pharmacy and Drug Stores industry in Florida has exhibited growth, albeit at a moderately slower rate than the national industry. Many of the same external demand drivers that affect the national industry also affect the industry in Florida. At 20.2% of the state's population, Florida is commonly recognized as having a high proportion of elderly citizens (defined as 65 and older) compared with the nation as a whole, As people age, they are more likely have chronic health problems that must be treated with industry products, such as medications, which generate a vast majority of industry revenue. As a result, revenue derived from the elderly population is critical to the industry. The industry in Florida is characterized by high levels of price competition, which suppresses revenue growth as demand rises. Over the next five years, industry revenue is expected to grow at a faster annualized rate. Tourism will continue to be paramount to the Florida economy, and retirees will also continue to pack up and head south, further driving industry revenue by demanding more medications to treat health issues.

Pharmacies and drug stores in Florida retail a range of prescription and over-the-counter medications, health and beauty items, toiletries and consumable goods on a walk-in basis. Industry companies in the Sunshine State may also provide basic health and photo processing services. The industry includes retail stores with a pharmacy, but excludes mail-order 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.


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

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