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Independent Pharmacy Today

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Independent Pharmacy Today


Independent pharmacy: $84 billion marketplace

Independent pharmacy prescription sales: $78 billion

Independents dispense 1.4 billion prescriptions annually
  • 41% of the retail prescriptions
  • Prescription medicines are our business: 92.4% of annual sales are Rx medicines
    Average independent pharmacy sales: $3.6 million
    Average prescription sales: $3.49 million
    Average number of prescriptions per pharmacy: 61,087 annually, 196 per day
    Independent Ownership
  • Over 30% of independent owners have ownership in two or more pharmacies
  • Overall, the average independent owns 1.69 pharmacies
  • Independent pharmacies offer a wide range of patient services
  • The top services offered in 2005 were: nutrition (91%), delivery (86%), charge accounts (86%), compounding (79%), and herbal medicine (75%)
  • Staffing in independent pharmacies
  • Average independent employs 13.4 full-time equivalent (FTE) employees
  • Average independent employs 3.2 FTE pharmacists (including owner)
  • Average independent employs 4.6 FTE technicians
  • Generic drug utilization
  • 58% of drugs dispensed by independent pharmacies are generics


  • Source: 2007 NCPA-Pfizer Digest

     

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