Chain Pharmacy Stores Are Growing

NOVEMBER 01, 2004

The 2004 Chain Pharmacy Industry Profile is now available from the National Association of Chain Drug Stores (NACDS) Foundation. Commenting on the profile, Craig L. Fuller, president and chief executive officer of the NACDS, said that chain pharmacy today ranges from companies with 4 stores and revenues of several million dollars a year to a chain with more than 5000 stores and over $30 billion in annual revenue. In terms of prescriptions filled in 2003, 42% were filled at chain pharmacies, 18.8% at independent drugstores, 17.2% through mail order, 12.3% at supermarkets, and 9.6% at mass merchants.

The publication also includes other data on the chain drug industry. For example, chain drugstores now account for 52% of all drugstores, compared with 37% in 1991. Furthermore, in 2003, generics accounted for 46% of all drugs dispensed, up by 16% from 1990.


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