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Health and Drug News

Canadian Pharmacies since 2010: Changes in a Highly Regulated Sector

In 2010, nearly 30,000 pharmacies were active in Canada. They achieved a turnover of 50 billion dollars. In recent years, growth in the value of the traditionally dynamic pharmaceutical retail trade has been dulled, in line with the decline in the prices of reimbursable medicines. Nevertheless, the commercial margin rate has been rising since 2010 and reached 43% in 2019. Settling in the online pharmacy environment is complicated for new players: it is necessary to have a physical pharmacy in addition to all the marketing and e-marketing skills necessary for the prospection of customers, without forgetting of course the logistics which remains an essential link in the e-commerce chain. It is also interesting to think about all the procedures, as well as to respect the regulatory constra...