Pharmacies & Drug Stores in the US
Over the five years to 2018, the Pharmacies and Drug Stores industry exhibited growth despite some adverse side effects from the regulatory environment and growing external competition. Still, the rise in the number of individuals aged 65 and over, in tandem with increases in spending on prescription medication, is expected to lead to revenue growth. Over the five years to 2023, the industry is expected to continue its upward trajectory, despite expected increases in external competition. This expected growth can be tied to the expected increase in the elderly population, along with rising per capita disposable income.
Pharmacies and drug stores retail 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 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.
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