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Pharmacies & Drug Stores in Ontario

Author.Name IBISWorld Canada Last Updated: August 2025 NAICS ON44611CA

Pharmacies & Drug Stores in Ontario industry analysis

Revenue for the Pharmacies & Drug Stores industry in Ontario is expected to grow an annualized x.x% to $x.x billion over the five years to 2025, while revenue for the national industry will likely grow at x.x% during the same period. The number of industry establishments has increased an annualized x.x% to x,xxx locations over the past five years. Industry employment has increased an annualized x.x% to x,xxx workers during the period, while industry wages have increased an annualized x.x% to $x.x billion.

Over the five years to 2030, provincial industry revenue is expected to grow an annualized x.x% to $x.x billion, while revenue for the national industry will likely grow x.x%. The number of industry establishments is forecast to grow x.x% to x,xxx locations over the next five years. Industry employment is expected to increase an annualized x.x% to x,xxx workers during the outlook period, while industry wages likely increase x% to $x.x billion.

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About the Pharmacies & Drug Stores in Ontario Market Research Report

What’s Included in the Pharmacies & Drug Stores in Ontario Market Research Report

Definition of the Pharmacies & Drug Stores in Ontario?

Pharmacies and Drug Stores in Canada retail a range of prescription and over-the-counter drugs and medications, health and beauty items, toiletries and consumable goods directly to consumers on a walk-in basis. Stores may also provide basic health and photo-processing services. The industry includes retail stores with a pharmacy but excludes mail order and online retailers, hospitals and clinics.

What’s included in the Pharmacies & Drug Stores in Ontario?

The Pharmacies & Drug Stores in Ontario includes preparing and selling prescription pharmaceuticals, selling nonprescription pharmaceuticals, retailing personal and beauty products, retailing infant care products and retailing eyewear and eye care products. Related terms covered in the Pharmacies & Drug Stores in Ontario industry report includes medicine that can be purchased without a prescription, a licensed medicine that can only be obtained with a doctor's approval, sales of products from the front of the store, or products sold separately from the pharmacy, widely used pharmaceuticals that generate more than $1.0 billion annually in revenue for the developer and a nonprofit mutual insurance corporation financed by employers' contributions, with a statutory mandate from the province.

Industry Performance of the Pharmacies & Drug Stores industry in Ontario

Benchmark the Pharmacies & Drug Stores in Ontario industry performance with all ON Census Metropolitan Area and national performance.

Pharmacies & Drug Stores in Ontario

#1 in Highest Revenue 29.4% of province's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Pharmacies & Drug Stores in Canada


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Pharmacies & Drug Stores industry in Ontario

See how key industry drivers, such as gross domestic product, private investment in non-residential construction, bachelorsed, total health expenditure, per capita disposable income and number of adults aged 65 and older are impacting Pharmacies & Drug Stores in Ontario

Ontario Economic Indicators

Gross Domestic Product
Private Investment in Non-Residential Construction
BachelorsEd

View more economic information in ON State Economic profile

Canada Key External Drivers

Total health expenditure
Per capita disposable income
Number of adults aged 65 and older

For the full list of industry drivers, see report purchase options.

Census Metropolitan Area Data of the Pharmacies & Drug Stores industry in Ontario

Access proprietary data on Census Metropolitan Area in the Pharmacies & Drug Stores in Ontario, such as Toronto, Ottawa - Gatineau and Hamilton. Data includes figures on revenue, establishments, employees and wages by Census Metropolitan Areas.

Key Statistics of the Pharmacies & Drug Stores industry in Ontario

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Pharmacies & Drug Stores industry in Ontario in 2025?

The market size of the Pharmacies & Drug Stores industry in Ontario is $26.0bn in 2025.

How many businesses are there in the Pharmacies & Drug Stores industry in Ontario in 2025?

There are 6,930 businesses in the Pharmacies & Drug Stores industry in Ontario, which has been growing at an average annual rate of 2.6% from 2020 to 2025.

Has the Pharmacies & Drug Stores industry in Ontario grown or declined over the past 5 years?

The market size of the Pharmacies & Drug Stores industry in Ontario has been growing at an average annual rate of 0.9% from 2020 to 2025.

How many employees in the Pharmacies & Drug Stores industry in Ontario in 2025?

There are 99,348 employees in the Pharmacies & Drug Stores industry in Ontario, which has been growing at an average annual rate of 3.1% from 2020 to 2025.