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| Products/Services Breakdown | |
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| Financial Metrics | |
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| Salary & Compensation Statistics | |
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2024 U.S. Industry Statistics & Market Forecast - Pharmacies and Drug Retailers
Market Size & Industry Statistics
The total U.S. industry market size for Pharmacies and Drug Retailers:
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 Pharmacies and Drug Retailers 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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Groceries & Other Food Items For Human Consumption Off The Premises |
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Frozen Foods, Including Packaged Foods Sold In A Frozen State |
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Dairy Products & Related Foods, Including Milk, Cheese, Butter, Yogurt, Eggs. |
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Bakery Products Not Baked On The Premises, Excluding Frozen |
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Ice Cream & Other Frozen Dairy Products |
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All Other Groceries & Food Items |
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Candy, Prepackaged Cookies, & Snack Foods |
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Bottled, Canned, Or Packaged Soft Drinks & Other Nonalcoholic Beverages |
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Packaged Liquor, Wine, & Beer |
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Cigars, Cigarettes, Tobacco, & Smokers' Accessories, Excluding Sales From Vending Machines Operated By Others |
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Drugs, Health Aids, Beauty Aids, Including Cosmetics |
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Prescriptions |
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Nonprescription Medicines |
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Vitamins, Minerals, & Other Dietary Supplements |
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Cosmetics, Including Face Cream, Make-Up, Perfumes & Colognes. |
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Personal Hygiene Supplies |
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Health Aids & Home Healthcare Equipment |
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Household Soaps, Detergents, Cleaners, & Cleaning Supplies |
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Household Soaps, Detergents, & Cleaners |
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Paper & Related Products, Including Paper Towels, Toilet Tissue, Wraps, Bags, Foils. |
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Paper & Plastic Tableware |
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Gift Wrap, Gift Bags, & Tissue Paper |
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Paper Towels, Napkins, Toilet & Facial Tissue, & Food Wraps, Bags, Foils & Other Related Products |
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Costumes & Unisex Clothing |
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Footwear, Including Accessories |
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Small Household Appliances & Personal Care Appliances |
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TV, DVD/Blu-Ray Players & Recorders, Camcorders, Portable Video Players, E-Book Readers, DVDs, Blu-Ray Discs. |
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Audio Equipment, Musical Instruments (New & Used), Radios, Audio Electronic Components, CDs, Records, Tapes, Audio Books, Sheet |
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Kitchenware & Home Furnishings |
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Photographic Equipment & Supplies |
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Toys, Hobby Goods, & Games |
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Toys, Including Wheel Goods |
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Optical Goods, Including Eyeglasses, Contact Lenses, Sunglasses. |
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Prescription Eyeglasses |
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Nonprescription Eyeglasses & Sunglasses |
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Hardware, Tools, & Plumbing & Electrical Supplies |
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Lawn, Garden, & Farm Equipment & Supplies |
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Pets, Pet Foods, & Pet Supplies |
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All Other Merchandise |
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Stationery Products |
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Office, School, & Packaging Supplies |
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Greeting Cards, Calendars, Maps, Road Atlases |
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Magazines & Newspapers |
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Nonautomotive Batteries |
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Souvenirs & Novelty Items |
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Seasonal Decorations |
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Meals, Unpackaged Snacks, Sandwiches, Unpackaged Ice Cream & Yogurt, Bakery Items, Other Food Items & Nonalcoholic Beverages Prepared |
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All Other Merchandise, Excluding Lottery Ticket Sales/Commissions |
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All Nonmerchandise Receipts |
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Receipts From Photofinishing Performed By This Estab |
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All Other Nonmerchandise Receipts |
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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 Pharmacies and Drug Retailers 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 Pharmacies and Drug Retailers 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 Pharmacies and Drug Retailers 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 | 4% | Order at top of page |
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| Chief Executives | 0% | |||
| General and Operations Managers | 3% | |||
| Healthcare Practitioners and Technical Occupations | 52% | |||
| Healthcare Diagnosing or Treating Practitioners | 20% | |||
| Pharmacists | 19% | |||
| Pharmacists | 19% | |||
| Health Technologists and Technicians | 33% | |||
| Health Practitioner Support Technologists and Technicians | 33% | |||
| Pharmacy Technicians | 33% | |||
| Sales and Related Occupations | 29% | |||
| Retail Sales Workers | 25% | |||
| Cashiers | 23% | |||
| Cashiers | 23% | |||
Pharmacies and Drug Retailers Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Pharmacies and Drug Retailers 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 and Drug Retailers 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 and Drug Retailers industry. |
Innovation News
- May 16, 2024: CVS Pharmacy patents Machine Learning System For Predicting Biomarkers
- May 09, 2024: CVS Pharmacy patents Systems And Methods For Determining Drug Potentcy Using Machine Learning Algorithms
- Apr 18, 2024: CVS Pharmacy patents Detachable Toilet Seat
- Jan 30, 2024: CVS Pharmacy trademarks "WELL MARKET ELECTROLYTE MAX" - Beverages containing electrolytes for use as a nutritional supplement
- Jan 18, 2024: CVS Pharmacy trademarks "CVS" - toys, plastic toys, plastic toy food, plastic toy health and wellness products, and plastic toy shopping baskets and carts
- Jan 10, 2024: Trulieve trademarks "ROLL ONE" - Smokers' articles
- Sep 01, 2023: Truepill raises $107 million in funding.
- Jun 21, 2023: Qualmed Pharmacy raises $20 million in funding.
- Apr 28, 2023: Qualmed Pharmacy raises $20 million in funding.
Recent Federal Contracts for Pharmacies and Drug Retailers
- Mar 28, 2024: PALISADE STRATEGIES LLC (Reno, NV) awarded $83,836
- Mar 26, 2024: PACIFIC COMPOUNDING PHARMACY AND CONSULTATIONS INC. (Stockton, CA) awarded $287,120
- Feb 11, 2024: HERITAGE HEALTH SOLUTIONS, INC. (Coppell, TX) awarded $910,000
- Jan 23, 2024: SAVEWAY COMPOUNDING PHARMACY, INC. (Newark, DE) awarded $1,005
- Jan 12, 2024: GHOST RX INC (Orlando, FL) awarded $822,495
