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2018 Market Analysis & Industry Outlook: Pharmacies & Drug Stores


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

This report provides answers to key questions about the industry:
What is the total market size (industry revenue)?

This report shows the total market size for the Pharmacies & Drug Stores industry, comprised of total revenues of both public and private companies over the last five years (2013-2018), current year estimates, and outlook to 2022.

What is the industry outlook?

The industry Outlook and Forecasts show how the Pharmacies & Drug Stores industry is heading over the next five years (2019-2022). Market forecasts account for historical growth, cyclical changes, and general economic outlook.

Market Analysis: Is the market growing or declining, and how quickly?

The Market Analysis section shows the five-year growth trends for Pharmacies & Drug Stores, year-by-year from 2013-2018.

Are long-term forecasts positive or negative?

Forecasts for 2019-2022 for the industry show the future growth and market opportunity for Pharmacies & Drug Stores companies.

"While we believe that our technologies, knowledge, experience and scientific resources provide us with competitive advantages, we face potential competition from many different sources, including major pharmaceutical, specialty pharmaceutical and biotechnology companies, academic institutions and governmental agencies and public and private research institutions..."
What is the average company size in the industry?

The average number of employees and average revenue for a typical Pharmacies & Drug Stores company is charted over time for the last five years to the present.

How many companies are in the industry?

Track how many companies compete in the Pharmacies & Drug Stores industry, and how the number of companies has changed over the past five years.


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.

Pharmacies & Drug Stores market size 2018
Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics 2013        2014        2015        2016        2017        2018*
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.



Pharmacies & Drug Stores market forecast 2018-2024


Forecast / Industry Outlook 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

Prescriptions

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
Repairs
Rent paid on business property
Charitable Contributions
Depletion
Domestic production activities deduction
Advertising
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Depreciation
Amortization
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 Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Pharmacies & Drug Stores industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Pharmacies & Drug Stores industry and adjacent sectors:

Market Leaders:
Direct Competitors

Companies with the largest market share, focused in this industry
Market leaders:
Diversified Competitors

Largest companies that have diversified operations in this and other industries
Innovators:
Direct Competitors

Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.
Innovators:
Diversified Competitors

Innovators and Disruptors in adjacent industries that may also affect the Pharmacies & Drug Stores industry.
Source:
IncFact




Innovation News

  • Walgreen trademarks "WALGREENS HEALTH CONNECT 360" - Marketing consulting - 11/30/2018
  • Walgreen trademarks "RIGHT RELIEF. RIGHT HERE." - Retail pharmacy services featuring non-prescription medications - 11/19/2018
  • Injured Workers Pharmacy LLC. trademarks "FIRST RESPONDER RX" - Mail order pharmacy services; retail pharmacy services - 11/17/2018
  • Doselogix patents Applicator System And Method For Flowable Compositions - 11/08/2018
  • Doselogix patents Applicator System And Method For Flowable Compositions - 11/08/2018
  • Tabula Rasa HealthCare raises $14 million in funding. - 10/24/2018
  • Walgreen patents Illuminated Shelf System - 09/13/2018
  • Tabula Rasa HealthCare raises $4 million in funding. - 09/10/2018
  • QualMed Pharmacy raises $4 million in funding. - 04/03/2018


  • Government Contracts

    In 2018, the federal government spent a total of $16,010,697 on Pharmacies & Drug Stores. It has awarded 308 contracts to 40 companies, with an average value of $400,267 per company.   

    Most Recent Contracts Date Total Award Amount
    SOUTHWEST LOUISIANA WAR VETERANS HOME
    1610 Evangeline Rd
    Jennings, LA
    Jun 20, 2018$252,729
    PRIORITY HEALTHCARE DISTRIBUTION, INC.
    255 Technology Pk
    Lake Mary, FL
    Jun 13, 2018$8,887
    MEDICAL CENTER PHARMACY INC
    2401 N Ocoee St Ste 104
    Cleveland, TN
    Jun 04, 2018$13,500
    EMPLOYEE HEALTH INSURANCE MANAGEMENT, INC.
    26711 Northwestern Hwy Ste 400
    Southfield, MI
    May 31, 2018$87,500
    STOP&SHOP SUPERMARKET COMPANY LLC, THE
    1385 Hancock St
    Quincy, MA
    May 25, 2018$55,520
    WALGREEN CO.
    108 Wilmot Rd
    Deerfield, IL
    May 24, 2018$21,634




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