NAICS Code 456110-07 - Medicines-Patent & Proprietary (Retail)

Marketing Level - NAICS 8-Digit

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NAICS CODE 456110-07
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NAICS Code 456110-07 Description (8-Digit)

The Medicines-Patent & Proprietary (Retail) industry involves the retail sale of branded prescription and over-the-counter medicines, as well as other health-related products such as vitamins, supplements, and medical devices. This industry is responsible for providing consumers with access to a wide range of medications and health products that are regulated by the government to ensure safety and efficacy. Retailers in this industry may operate as standalone pharmacies or as part of larger retail chains.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 456110 page

Tools

Tools commonly used in the Medicines-Patent & Proprietary (Retail) industry for day-to-day tasks and operations.

  • Pharmacy dispensing software
  • Prescription verification systems
  • Automated dispensing machines
  • Electronic health records (EHR) systems
  • Barcode scanners
  • Pill counters
  • Blood pressure monitors
  • Glucose meters
  • Thermometers
  • Nebulizers

Industry Examples of Medicines-Patent & Proprietary (Retail)

Common products and services typical of NAICS Code 456110-07, illustrating the main business activities and contributions to the market.

  • Prescription medications
  • Over-the-counter medications
  • Vitamins and supplements
  • Medical devices
  • First aid supplies
  • Feminine hygiene products
  • Incontinence products
  • Baby care products
  • Smoking cessation products
  • Allergy relief products

History

A concise historical narrative of NAICS Code 456110-07 covering global milestones and recent developments within the United States.

  • The "Medicines-Patent & Proprietary (Retail)" industry has a long and rich history worldwide. The first recorded use of medicines dates back to ancient civilizations such as Egypt, Greece, and China. In the 19th century, the development of synthetic drugs revolutionized the industry, and the first modern pharmacy was established in the United States in 1729. In the 20th century, the industry saw significant advancements, including the discovery of antibiotics, the introduction of over-the-counter drugs, and the rise of chain drugstores. In recent history, the industry has been impacted by the COVID-19 pandemic, with increased demand for certain medications and supply chain disruptions affecting the availability of others. In the United States, the "Medicines-Patent & Proprietary (Retail)" industry has a more recent history. The industry saw significant growth in the 1950s and 1960s, with the rise of chain drugstores and the introduction of new medications. In the 1980s and 1990s, the industry faced challenges such as increased competition and pressure from insurance companies to reduce costs. The 21st century has seen the industry adapt to changing consumer preferences, with a focus on convenience and technology. Online pharmacies and mobile apps have become increasingly popular, and the COVID-19 pandemic has accelerated the adoption of telemedicine and home delivery services.