Drugstores Are No Longer Lucrative Profiteering Sites

In North Rhine-Westphalia, the landscape of pharmacies has undergone significant changes over the past decade. According to recent data, there were 4,018 pharmacies in 2018, employing a total of 33,966 socially insured employees.

Over this period, almost every fifth pharmacy has closed, resulting in a decrease of 2.4% compared to the previous year. This trend is particularly noticeable in the five largest cities, where the decline in the number of pharmacies is significant. However, the smallest pharmacy districts have seen an increase, with Siegen-Wittgenstein (+69.7%), Höxter (+32.8%), and Olpe (+47.9%) recording the largest increases.

The district with the highest increase in the number of pharmacies over the past ten years remains unspecified in the available search results. On a positive note, the number of socially insured employees in pharmacies increased by 0.8% in the same period in 2018.

The digitization of the industry has led to an increase in bureaucracy, necessitating more employment to manage it effectively. Despite this, a pharmacist in the Sauerland region is giving away her business due to a lack of successor. She bought the business for €250,000 ten years ago.

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