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2024 U.S. Industry Statistics & Market Forecast - Drugs and Druggists' Sundries Merchant Wholesalers
Market Size & Industry Statistics
The total U.S. industry market size for Drugs and Druggists' Sundries Merchant Wholesalers:
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.
| Statistics | 2019 2020 2021 2022 2023 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Product & Services Breakdown
Research products and services in the Drugs and Druggists' Sundries Merchant Wholesalers industry generating sales. Note that products are broken into categories with different levels of classification.| Product Description | Number of Companies | Sales ($ millions) | Percent of Total Sales |
|---|---|---|---|
Industry Total |
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Surgical, Medical, And Hospital Equipment And Supplies |
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Surgical, Medical, And Hospital Instruments And Equipment |
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Surgical, Medical, And Hospital Supplies |
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Electric And Gas Household Appliances, Excluding Plumbing |
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Hardware |
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Beauty And Barber Equipment And Supplies |
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Commercial Laundry And Dry-Cleaning Equipment And Supplies |
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Paper And Plastic Products |
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Pharmaceuticals, Pharmaceutical Supplies, Cosmetics, And Toiletries, Including Body And Hand Soaps |
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Prescription Drugs |
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Nonprescription Drugs |
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Cosmetics And Beauty Supplies |
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Perfumes And Colognes |
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Vitamins And Nutritional Supplements |
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Other Personal Care Supplies, Including Toothbrushes And Razors, Except Electric |
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Veterinarians' Medicines |
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Health Aids And First Aid Supplies |
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Body And Hand Soaps |
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Vaccines And Laboratory Diagnostic Reagents |
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Women's, Misses', And Girls' Clothing |
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Confectioneries, Including Candy, Nuts, Chips, And Popcorn |
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Coffee, Tea, And Powdered Drink Mixes |
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Grocery Specialties |
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Pet Food |
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Chemicals And Allied Products, Excluding Agricultural Chemicals, Plastics, Industrial And Natural Gases, Liquefied Petroleum (Lp |
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Detergents And Soaps, Excluding Body And Hand Soaps |
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Tobacco And Tobacco Products |
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Miscellaneous Nondurable Goods, Including Wigs, Yarns, And Leather Products |
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Service Receipts And Labor Charges, Including Installed Parts |
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Miscellaneous Commodities |
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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.
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 Average | Percent of Sales (Industry Benchmark) |
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|---|---|---|
| Total Revenue | Order at top of page |
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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 Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Drugs and Druggists' Sundries Merchant Wholesalers company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry 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 Drugs and Druggists' Sundries Merchant Wholesalers industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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| 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). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Drugs and Druggists' Sundries Merchant Wholesalers measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| Liquidity Ratios | Industry 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. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry 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. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| 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. |
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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.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 9% | Order at top of page |
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| Chief Executives | 0% | |||
| General and Operations Managers | 4% | |||
| Business and Financial Operations Occupations | 6% | |||
| Sales and Related Occupations | 18% | |||
| Sales Representatives, Wholesale and Manufacturing | 14% | |||
| Sales Representatives, Wholesale and Manufacturing | 14% | |||
| Sales Representatives, Wholesale and Manufacturing, Except Technical and Scientific Products | 12% | |||
| Office and Administrative Support Occupations | 14% | |||
| Production Occupations | 5% | |||
| Transportation and Material Moving Occupations | 36% | |||
| Motor Vehicle Operators | 15% | |||
| Driver/Sales Workers and Truck Drivers | 15% | |||
| Heavy and Tractor-Trailer Truck Drivers | 8% | |||
| Material Moving Workers | 19% | |||
| Laborers and Material Movers | 17% | |||
| Laborers and Freight, Stock, and Material Movers, Hand | 8% | |||
| Stockers and Order Fillers | 7% | |||
Drugs and Druggists' Sundries Merchant Wholesalers Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Drugs and Druggists' Sundries Merchant Wholesalers 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 Drugs and Druggists' Sundries Merchant Wholesalers 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 Drugs and Druggists' Sundries Merchant Wholesalers industry. |
Source:
Innovation News
- Jun 13, 2024: Mckesson patents Apparatuses And Systems For The Automated Retrieval, Transport, And Processing Of Articles
- Jun 13, 2024: Ani Pharmaceuticals patents Liquid Pharmaceutical Compositions Of Baclofen For Oral Administration
- Jun 13, 2024: Ani Pharmaceuticals patents Liquid Pharmaceutical Compositions Of Baclofen For Oral Administration
- May 02, 2024: Pack4u raises $15 million in funding.
- Mar 05, 2024: Biofrontera raises $8 million in funding.
- Jan 24, 2024: Sgii trademarks "SMILESENSE" - Toothpastes; toothpaste with fluoride; toothpaste formulated with popping crystals; non-medicated toothpastes
- Jan 24, 2024: Sgii trademarks "BRITEPOP" - Toothpastes; toothpaste with fluoride; toothpaste formulated with popping crystals; non-medicated toothpastes
- Jan 22, 2024: Unipharm trademarks "TRIOFLEX" - pharmaceuticals and dietary supplements
- Jan 02, 2024: BlossomHill Therapeutics raises $100 million in funding.
Recent Federal Contracts for Drugs and Druggists' Sundries Merchant Wholesalers
- Apr 02, 2024: MCKESSON CORPORATION (Irving, TX) awarded $1,557
- Mar 27, 2024: PRIORITY HEALTHCARE DISTRIBUTION INC (Lake Mary, FL) awarded $21,638
- Mar 27, 2024: MCKESSON CORPORATION (Irving, TX) awarded $250,000
- Mar 15, 2024: ASE DIRECT, INC. (Brentwood, TN) awarded $211,746
- Mar 15, 2024: A-S MEDICATION SOLUTIONS LLC (Libertyville, IL) awarded $250,000
- Feb 28, 2024: WE PHARMA, INC (Morrisville, NC) awarded $2,000,000
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