No side effects: The uptick of new, biologic drugs, will stimulate demand for wholesalers

The Pharmaceuticals and Pharmacy Supplies Wholesaling industry in Canada has benefited from its integral role in the pharmaceutical supply chain without the plague of external competition from manufacturers, which is endemic to most wholesale industries. Pharmaceutical wholesalers and self-distributing pharmacy chains, which are excluded from the industry, account for 95.0% of total pharmaceuticals distributed to pharmacies in Canada, as well as long-term and specialized healthcare facilities. Over the past two decades, pharmaceuticals have comprised one of the fastest growing segments of healthcare expenditures. Over the five years to 2023, industry revenue is forecast to continue its growth...read more.

Industry Statistics & Market Size
Revenue
$59bn
Annual Growth 13-18
3.5%
Forecast Growth 18-23
Profit
Employment
39,750
Businesses
684
Market Share of Companies

Industry Threats & Opportunities

  • Pharmaceuticals have comprised one of the fastest growing segments of healthcare expenditures
  • The regulatory landscape has dictated downstream demand for pharmaceuticals
  • Medicare does not cover pharmaceuticals unless they are administered in hospitals
  • Industry Report - Industry Key Buyers Chapter

    The Pharmaceuticals and Pharmacy Supplies Wholesaling industry in Canada exhibits a low level of market share concentration. In 2018, the top three pharmaceutical wholesalers are expected to make up less than 35.0% of industry revenue. Overall, the industry is highly fragmented, thanks to variations in Canadian regulations between provinces as well as the diverse product portfolio included in the industry which enables industry participation. For example, each province and territory has regulations pertaining to the extent that wholesalers can markup pharmaceutical pricing, thereby limiting the extent that large wholesalers can cater to downstream markets such as pharmacies on a national scale. Fur...purchase to read more.

    Additional Insights for the Pharmaceuticals & Pharmacy Supplies Wholesaling Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Pharmaceuticals & Pharmacy Supplies Wholesaling Industry are

  • Guaranteed supply of key inputs
  • Having an extensive distribution and collection network
  • Having contacts within key markets
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income and Research and development expenditure in the Pharmaceuticals & Pharmacy Supplies Wholesaling industry impact industry performance..

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    What's in this report

    What is the Pharmaceuticals & Pharmacy Supplies Wholesaling Industry?

    This industry distributes medicines, cosmetic products and personal grooming products. This industry does not include manufacturers that sell medicines, equipment and supplies directly to hospitals or doctors’ offices.

    Industry Products
  • Prescription pharmaceuticals
  • Nonprescription pharmaceuticals
  • Industry Activities
  • Antibiotics wholesaling
  • Antiseptics wholesaling
  • Beauty supplies wholesaling
  • Cosmetics wholesaling
  • Nonprescription drugs wholesaling
  • Pharmaceuticals wholesaling
  • Prescription drugs wholesaling
  • Toiletries wholesaling
  • Vaccine wholesaling
  • Vitamins wholesaling
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Per capita disposable income
  • Research and development expenditure
  • Total health expenditure
  • Number of adults aged 65 and older

  • Current Performance
  • Regulatory environment
  • Industry landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • Public and private payers
  • Biologic drugs change distribution
  • Table: Pharmaceuticals & Pharmacy Supplies Wholesaling Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Pharmaceuticals & Pharmacy Supplies Wholesaling Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Convenience Stores in Canada
  • Pharmacies & Drug Stores in Canada
  • Beauty, Cosmetics & Fragrance Stores in Canada
  • Health Stores in Canada
  • Warehouse Clubs & Supercentres in Canada

  • Key Selling Industries
  • Brand-Name Pharmaceutical Manufacturing in Canada
  • Cosmetic & Beauty Product Manufacturing in Canada
  • Generic Pharmaceutical Manufacturing in Canada
  • Medical Instrument & Supply Manufacturing in Canada

  • Products & Services
  • Prescription pharmaceuticals
  • Nonprescription pharmaceuticals
  • Other
  • Chart: Pharmaceuticals & Pharmacy Supplies Wholesaling Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Chain and banner pharmacies
  • Independent pharmacies
  • Other retail
  • Hospitals and other healthcare providers
  • Chart: Major Market Segmentation for the Pharmaceuticals & Pharmacy Supplies Wholesaling Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther
  • Chart: Cost Structure Benchmarking – Sector vs Pharmaceuticals & Pharmacy Supplies Wholesaling

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Pharmaceuticals & Pharmacy Supplies Wholesaling Industry

  • Industry Globalization
    McKesson Canada,
  • Table: McKesson Canada - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Pharmaceuticals & Pharmacy Supplies Wholesaling Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Pharmaceuticals & Pharmacy Supplies Wholesaling Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Total Health Expenditure (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Biologics
  • Type of specialty drug made from living organisms.
  • Generic Drug
  • Drug that is not protected by any patents, but can act as a substitute for the original brand-name product.
  • Over-The-Counter (Otc) Medication
  • Medicines that can be sold without a prescription.
  • Specialty Drugs
  • Complex drug therapies, including injectables and biologics.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Pharmaceuticals & Pharmacy Supplies Wholesaling market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Pharmaceuticals & Pharmacy Supplies Wholesaling:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Pharmaceuticals & Pharmacy Supplies Wholesaling market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Pharmaceuticals & Pharmacy Supplies Wholesaling, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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