Published on : Jun 13, 2017
Albany, New York, June 13, 2017: The outlook for the drug store industry is very positive since many years. Drug stores have a natural advantage because they always have been seen as a pharmacy-first format. Recently, it has been analyzed that the U.S. leading drug stores have continued to expand their retail presence. To explore more in-depth information on U.S. retail market, Market Research Hub (MRH) has freshly added a new report which is titled as “US Drug Store Retailing - May 2017”. The report presents an analysis of the future growth scenario for the market on the basis of revenue over the next five years. When mentioning to drug stores, this report considers those that are traditional drug stores, not including other retailers with pharmacies such as grocery stores, warehouse clubs or mass merchandisers.
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. Additionally, the retail drug store industry consists of neighborhood pharmacies, large drug store chains and supermarkets or general retailers with drug store departments. Health, wellness and personal care most purchased items among consumers. This report comprises an executive summary along with a market snapshot providing overall information of various segments and sub-segments considered in the scope of the study. This section also provides the overall information and data analysis of the U.S. drug store retailing market with respect to the leading market segments based on products segment, distribution channels and geographies.
Drug stores have always been thought of as the convenient location close to home. But now all of these dollar stores are expanding and moving more and more into the middle- and higher-income neighborhoods, where drug stores are located. As per the research key findings, positive sales has been forecasted for all segments, which is mainly driven by prescription medicine. Also, in U.S. the effects of an aging population focused on health management are positive for the drug channel, which is projected to continue on its path of upward sales growth over the next five years. In this growth, online will play a key role, while mass merchandisers winning over customers.
Moreover, market attractiveness analysis has been provided in the market overview section in order to explain the intensity of competition in the market in U.S. The study have further analyzed the major factor contributing towards market growth. Findings reveal that 55+ consumer group continues to grow which as a result creates huge demand. Apart from that, healthcare changes are a concern for many consumers and Obesity is still an issue in the U.S. market which presents an opportunity for the drug store retailers. One of the major struggles for the market is that customers have trust and price issues with drug stores.
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