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2018 Market Analysis & Industry Outlook: Pharmacies & Drug Stores

Overview: the U.S. Pharmacies & Drug Stores Industry

This section provides answers to key questions about the industry:

  1. What is the total market size (industry revenue)?
  2. What is the industry outlook?
  3. Market Analysis: Is the market growing or declining, and how quickly?
  4. Are long-term forecasts positive or negative?
  5. What is the average company size in the industry?
  6. How many companies are in the industry?

Market Size & Industry Statistics

The total U.S. industry market size for Pharmacies & Drug Stores: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

market size 2018
Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics 2012        2013        2014        2015        2016        2017
Market Size
(Total Sales/Revenue)

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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Statistics Source: U.S. Census, AnythingResearch Market Analysis

Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following five-year demand forecast projects both short-term and long-term trends.

market forecast

Forecast / Industry Outlook 2017 2018 2019 2020 2021 2022
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Product & Services Breakdown

Research products and services in the Pharmacies & Drug Stores industry generating sales. Note that products are broken into categories with different levels of classification.

Product DescriptionNumber of Companies Sales ($ millions) Percent of Total Sales

Industry Total

Groceries & Other Food Items For Human Consumption Off The Premises

Frozen Foods, Including Packaged Foods Sold In A Frozen State

Dairy Products & Related Foods, Including Milk, Cheese, Butter, Yogurt, Eggs.

Bakery Products Not Baked On The Premises, Excluding Frozen

Ice Cream & Other Frozen Dairy Products

All Other Groceries & Food Items

Candy, Prepackaged Cookies, & Snack Foods

Bottled, Canned, Or Packaged Soft Drinks & Other Nonalcoholic Beverages

Packaged Liquor, Wine, & Beer

Cigars, Cigarettes, Tobacco, & Smokers' Accessories, Excluding Sales From Vending Machines Operated By Others

Drugs, Health Aids, Beauty Aids, Including Cosmetics


Nonprescription Medicines

Vitamins, Minerals, & Other Dietary Supplements

Cosmetics, Including Face Cream, Make-Up, Perfumes & Colognes.

Personal Hygiene Supplies

Health Aids & Home Healthcare Equipment

Household Soaps, Detergents, Cleaners, & Cleaning Supplies

Household Soaps, Detergents, & Cleaners

Paper & Related Products, Including Paper Towels, Toilet Tissue, Wraps, Bags, Foils.

Paper & Plastic Tableware

Gift Wrap, Gift Bags, & Tissue Paper

Paper Towels, Napkins, Toilet & Facial Tissue, & Food Wraps, Bags, Foils & Other Related Products

Costumes & Unisex Clothing

Footwear, Including Accessories

Small Household Appliances & Personal Care Appliances

TV, DVD/Blu-Ray Players & Recorders, Camcorders, Portable Video Players, E-Book Readers, DVDs, Blu-Ray Discs.

Audio Equipment, Musical Instruments (New & Used), Radios, Audio Electronic Components, CDs, Records, Tapes, Audio Books, Sheet

Kitchenware & Home Furnishings

Photographic Equipment & Supplies

Toys, Hobby Goods, & Games

Toys, Including Wheel Goods

Optical Goods, Including Eyeglasses, Contact Lenses, Sunglasses.

Prescription Eyeglasses

Nonprescription Eyeglasses & Sunglasses

Hardware, Tools, & Plumbing & Electrical Supplies

Lawn, Garden, & Farm Equipment & Supplies

Pets, Pet Foods, & Pet Supplies

All Other Merchandise

Stationery Products

Office, School, & Packaging Supplies

Greeting Cards, Calendars, Maps, Road Atlases

Magazines & Newspapers

Nonautomotive Batteries

Souvenirs & Novelty Items

Seasonal Decorations

Meals, Unpackaged Snacks, Sandwiches, Unpackaged Ice Cream & Yogurt, Bakery Items, Other Food Items & Nonalcoholic Beverages Prepared

All Other Merchandise, Excluding Lottery Ticket Sales/Commissions

All Nonmerchandise Receipts

Receipts From Photofinishing Performed By This Estab

All Other Nonmerchandise Receipts

U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Pharmacies & Drug Stores Industry Price Trends

Rise and fall in market prices are affectedd by supply, demand, and the cost of goods/services sold. Higher demand or COGS will put upward price pressure on prices. Higher competition among Pharmacies & Drug Stores companies will put a downward pressure on prices. The chart shows how prices are changing within the industry, month-to-month over the last three years.

example price index trendline

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Rent paid on business property
Charitable Contributions
Domestic production activities deduction
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
Source: AnythingResearch Analysis of U.S. federal statistics

Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Pharmacies & Drug Stores company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Pharmacies & Drug Stores industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Pharmacies & Drug Stores measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.

Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.

Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.

Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 2%

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Chief Executives0%
General and Operations Managers2%
Healthcare Practitioners and Technical Occupations 45%
Health Diagnosing and Treating Practitioners 18%
Pharmacists 18%
Pharmacists 18%
Health Technologists and Technicians 27%
Health Practitioner Support Technologists and Technicians 27%
Pharmacy Technicians 27%
Sales and Related Occupations 36%
Supervisors of Sales Workers 7%
First-Line Supervisors of Sales Workers 7%
First-Line Supervisors of Retail Sales Workers 7%
Retail Sales Workers 29%
Cashiers 25%
Cashiers 25%
Office and Administrative Support Occupations 8%
Source: Bureau of Labor Statistics

Pharmacies & Drug Stores Industry Market Share [PREMIUM]

Largest companies in the industry and related industries, with private company revenue estimates.

CompanyAddressRevenue Estimate

Innovation News

  • Leiter's Enterprises trademarks "COMPOUNDING HEALTH" - Syringes sold filled with medication - 03/03/2018
  • Walgreen trademarks "HEALTH EXPERTISE YOU RELY ON" - Aloe vera skin moisturizer; anti-cavity mouth rinses; antiperspirants; bath lotions; body washes; body sprays; breath fresheners; cotton balls; dental whitening strips and preparations; denture adhesive; denture cleanser; dentifrices; deodorant; disposable wipes impregnated with cleansing chemicals or compounds for personal hygiene; essential oils for personal use; eyeglass lens cleaning solutions; eyewear cleaning kits comprised of cleaning fluid and a cleaning cloth; facial cleansers; facial lotions; facial moisturizers; facial scrubs; foot lotions; foot creams; foot scrubs; gel eye masks; hand creams; hand lotions; moisturizing creams; moisturizing lotions; moisturizing oils; mouthwashes; non-medicated diaper rash ointments and lotions; non-medicated feminine hygiene wash; non-medicated foot cream; non-medicated douches; non-medicated lip balm; sunscreens; tea tree oil; teeth whitening strips impregnated with teeth whitening preparations; toothpaste; wipes impregnated with a cleaning preparation - 03/02/2018
  • Pantherx Specialty trademarks "RXARE CARE" - Retail pharmacy services - 02/24/2018
  • Ariad Pharmaceuticals patents Crystalline Forms Of 5-chloro-n4-[-2-(dimethylphosphoryl) Phenyl]-n2-{2-methoxy-4-[4-(4-methylpiperazin-1-yl) Piperidin-1-yl] Pyrimidine-2,4-diamine - 02/08/2018
  • LA Vita Compounding Pharmacy patents Stable 5-methyltetrahydrofolate Formulations To Moderate Methylenetetrahydrofolate Reductase Associated Polymorphisms - 01/04/2018
  • Tabula Rasa HealthCare raises $53 million in funding. - 09/13/2017
  • Viamet Pharmaceuticals raises $15 million in funding. - 07/13/2017
  • Viamet Pharmaceuticals patents 2-(2,4-difluorophenyl)-1,1-difluoro-1-(5-substituted-pyridin-2-yl)-3-(1h-tetrazol-1-yl)propan-2-ols And Processes For Their Preparation - 06/08/2017
  • Koonce Drug raises $1 million in funding. - 04/26/2017

  • Top Innovators

    CompanyInnovation Score
    Ariad Pharmaceuticals85
    Viamet Pharmaceuticals45
    Triumph Pharmaceuticals

    Additional companies, details and innovation scoring in the full report.

    Latest Industry News

    • Debate heats up over proposed drug treatment center in Wheaton - "This is actually to the benefit of the drug-addicted patient, especially those addicted to IV drugs who are at most risk for severe medical complications." The center would serve patients 18 and older in a one-story building with round-the-clock security. (01/11/2018)
    • Riverton loses two pharmacies, puts pressure on remaining three - ... the pharmacy records and drug supplies from the other stores when they shut down. "We got both of them," Walgreens assistant store manager Bill Rasco said, noting that customers still have the option to choose where to fill their prescriptions. (01/10/2018)
    • Springfield Police Report: Fleeing Police, DUI, Thefts, Drugs - and drug crimes. See the full report below: Dec. 18, 3:46 p.m. Ian Schultz 25 yrs. old from Havertown was arrested and charged with retail theft after being observed by Macy's Security stealing $123.99 worth of merchandise from the store. He was taken into ... (01/10/2018)
    • Immigration agents descend on dozens of 7-Eleven stores - 7-Eleven Stores Inc., based in Irving ... Authorities say a New Jersey doctor running an illegal prescription drug ring with a motorcycle gang hired one of the members to kill his wife after she threatened to expose the scheme. Authorities say a New ... (01/10/2018)
    • Pharmacy, hardware store closing up shop - POLO – Charley’s Pharmacy & True Value Hardware, 110 E. Mason St., a decades-old downtown business, is closing Jan. 13. “If it was making money I wouldn’t be closing it,” said owner Tom Felker, who also owns the Snyder Pharmacy at 301 N. (01/02/2018)
    • Pharmacy owner shoots armed man who attempted to rob store - AKRON, Ohio -- An attempted robber was shot multiple times by the owner of a pharmacy in Akron Friday. According to police, it happened at Highland Square Pharmacy. Three men entered the pharmacy with guns. That's when the store owner pulled out his own ... (12/29/2017)
    • Drugs, gun, teeth found on man stopped at S. Carolina store - MYRTLE BEACH, S.C. — Police say they found thousands of doses of heroin, a gun and human teeth on a man detained during a suspected shoplifting investigation at a South Carolina Walmart on Christmas Eve. Officers tell the Sun News of Myrtle Beach they ... (12/28/2017)
    • Are prescription drugs the next target for Amazon? - Pharmacy benefit management company Express Scripts (ESRX ... Bezos -- so much for the businessman president Amazon now owns Whole Foods, has opened more Amazon-branded stores and has done two deals with Kohl's (KSS), one to sell Amazon devices and ... (10/09/2017)
    • Pharmacies miss half of dangerous drug combinations - In the largest and most comprehensive study of its kind, the Tribune tested 255 pharmacies to see how often stores would dispense dangerous drug pairs without warning patients. Fifty-two percent of the pharmacies sold the medications without mentioning the ... (12/15/2016)
    • How to pay less for your prescription drugs, legally - (CNN)Even a not-so-pricey drug can add up to a nightmare ... LowestMed, a freebie, helps you compare prescription drug prices at local stores. Type in the name of your drug, and this app, which claims it will find discounts as high as 85%, will compare ... (08/25/2016)

    Government Contracts

    In 2016, the federal government spent a total of $8,591,030 on Pharmacies & Drug Stores. It has awarded 457 contracts to 55 companies, with an average value of $156,201 per company.   

    Top government vendors:

    CompanyFederal ContractsTotal Award Amount

    Growth Opportunities / Competitive Threats

    Companies in other industries may also sell similar products. Since there is an overlap in the customer base, there may be an opportunity for companies in Pharmacies & Drug Stores to sell additional products/services offered by these adjacent industries. Alternatively, these industries may identify further products in this industry to target. Products most at risk are those with the highest profit margins and lowest barriers to entry.

    The following industries are competing channels for sales of similar products/services.

    Drugs, Health Aids, Beauty Aids, Including Cosmetics
    Competing IndustrySales Relative to Pharmacies & Drug StoresOpportunity/Threat
    Mail-Order Houses Competing industry
    Supermarkets & Grocery Stores Competing industry
    Warehouse Clubs, Supercenters & Big Box Retail Competing industry
    Discount Department Stores Competing industry
    Cosmetics, Beauty Supplies & Perfume Stores Competing industry

    Sales from other industries of Drugs, Health Aids, Beauty Aids, Including Cosmetics are less than those from Pharmacies & Drug Stores. This may mean that other channels are a competitive risk of increasing their Drugs, Health Aids, Beauty Aids, Including Cosmetics sales, taking market share from this industry.
    Drugs, Health Aids, Beauty Aids, Including Cosmetics Product Sales Report

    Competing IndustrySales Relative to Pharmacies & Drug StoresOpportunity/Threat
    Mail-Order Houses Competing industry
    Supermarkets & Grocery Stores Competing industry
    Warehouse Clubs, Supercenters & Big Box Retail Competing industry

    Sales from other industries of Prescriptions are less than those from Pharmacies & Drug Stores. This may mean that other channels are a competitive risk of increasing their Prescriptions sales, taking market share from this industry.
    Prescriptions Product Sales Report

    Nonprescription Medicines
    Nonprescription Medicines Product Sales Report

    Cosmetics, Including Face Cream, Make-Up, Perfumes & Colognes
    Cosmetics, Including Face Cream, Make-Up, Perfumes & Colognes Product Sales Report

    Health Aids, Including First-Aid Prod; Foot Prod; Ortho Equip;
    Health Aids, Including First-Aid Prod; Foot Prod; Ortho Equip; Product Sales Report

    Packaged Liquor, Wine, & Beer
    Packaged Liquor, Wine, & Beer Product Sales Report

    Bottled, Canned, Or Packaged Soft Drinks
    Bottled, Canned, Or Packaged Soft Drinks Product Sales Report

    Seasonal Decorations
    Seasonal Decorations Product Sales Report

    Soaps, Detergents, & Household Cleaners
    Soaps, Detergents, & Household Cleaners Product Sales Report

    Greeting Cards
    Greeting Cards Product Sales Report

    Segments classified within this market research report

    This industry market research report includes companies whose primary business is any of the following:
    Institutional pharmacies, on-site, Drug stores, Pharmacies, Apothecaries, etc.

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