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NAICS Code 456110-09 Description (8-Digit)

Pharmacies (Retail) are establishments that primarily sell prescription and non-prescription drugs, as well as other health-related products such as vitamins, supplements, and personal care items. These retail pharmacies are typically located in commercial areas and are easily accessible to the public. Pharmacies (Retail) are responsible for dispensing medications and providing advice on their proper use, as well as offering a range of health-related services such as flu shots, blood pressure monitoring, and medication therapy management.

Hierarchy Navigation for NAICS Code 456110-09

Parent Code (less specific)

Tools

Tools commonly used in the Pharmacies (Retail) industry for day-to-day tasks and operations.

  • Pharmacy dispensing software
  • Prescription scanning technology
  • Automated dispensing systems
  • Medication blister packaging machines
  • Prescription label printers
  • Pill counters
  • Blood pressure monitors
  • Glucose meters
  • Thermometers
  • Prescription vials and bottles

Industry Examples of Pharmacies (Retail)

Common products and services typical of NAICS Code 456110-09, illustrating the main business activities and contributions to the market.

  • Prescription drugs
  • Over-the-counter medications
  • Vitamins and supplements
  • Personal care items
  • Medical devices
  • Prescription eyewear
  • Prescription contact lenses
  • Prescription hearing aids
  • Prescription orthotics
  • Prescription prosthetics

Certifications, Compliance and Licenses for NAICS Code 456110-09 - Pharmacies (Retail)

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

  • Pharmacy Technician Certification: This certification is required for pharmacy technicians in most states in the US. It ensures that the technician has the necessary knowledge and skills to assist pharmacists in dispensing medication safely and accurately. The Pharmacy Technician Certification Board provides this certification.
  • Immunization Administration Certification: This certification is required for pharmacists who want to administer vaccines in some states in the US. It ensures that the pharmacist has the necessary knowledge and skills to administer vaccines safely and effectively. The American Pharmacists Association provides this certification.
  • Drug Enforcement Administration (DEA) Registration: This registration is required for pharmacies that dispense controlled substances in the US. It ensures that the pharmacy is authorized to handle and dispense controlled substances in compliance with federal regulations. The DEA provides this registration.
  • National Association Of Boards Of Pharmacy (NABP) Accreditation: This accreditation is voluntary but highly recommended for pharmacies in the US. It ensures that the pharmacy meets high standards for patient safety and quality of care. The NABP provides this accreditation.
  • Occupational Safety and Health Administration (OSHA) Training: This training is required for all employees in the US, including those in pharmacies. It ensures that employees are aware of the potential hazards in the workplace and know how to prevent them. OSHA provides this training.

History

A concise historical narrative of NAICS Code 456110-09 covering global milestones and recent developments within the United States.

  • The history of the "Pharmacies (Retail)" industry dates back to ancient times when apothecaries were the primary source of medicine. In the 19th century, the industry saw significant growth with the introduction of synthetic drugs and the establishment of chain pharmacies. In the 20th century, the industry continued to evolve with the introduction of drive-thru pharmacies, online pharmacies, and the expansion of pharmacy services to include vaccinations and health screenings. In the United States, the industry has faced challenges such as the opioid epidemic and increasing competition from online retailers. However, it has also seen growth with the increasing demand for prescription drugs and the expansion of pharmacy services.

Future Outlook for Pharmacies (Retail)

The anticipated future trajectory of the NAICS 456110-09 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    The future outlook for the "Pharmacies (Retail)" industry in the USA is positive. The industry is expected to grow due to the increasing demand for prescription drugs and the aging population. The rise in chronic diseases such as diabetes, cancer, and heart diseases is also expected to drive the growth of the industry. The industry is also expected to benefit from the increasing use of technology, such as telemedicine, which allows patients to consult with doctors remotely. The COVID-19 pandemic has also accelerated the adoption of e-commerce in the industry, which is expected to continue in the future. Overall, the industry is expected to continue to grow and evolve in response to changing consumer needs and technological advancements.

Industry Innovations for NAICS Code 456110-09

Recent groundbreaking advancements and milestones in the Pharmacies (Retail) industry, reflecting notable innovations that have reshaped its landscape.

  • Online Prescription Ordering: Many pharmacies now offer online prescription ordering, which allows customers to order their prescriptions from the comfort of their own homes. This has become especially important during the COVID-19 pandemic, as many people are avoiding in-person visits to the pharmacy.
  • Medication Synchronization: Some pharmacies now offer medication synchronization, which allows customers to pick up all of their prescriptions at the same time each month. This can help to improve medication adherence and reduce the risk of missed doses.
  • Medication Therapy Management: Some pharmacies now offer medication therapy management services, which involve a pharmacist reviewing a patient's medications to ensure that they are safe and effective. This can help to improve patient outcomes and reduce healthcare costs.
  • Immunizations: Many pharmacies now offer immunizations, such as flu shots, which can help to improve public health and reduce the spread of infectious diseases.
  • Prescription Delivery: Some pharmacies now offer prescription delivery services, which can be especially helpful for elderly or disabled patients who have difficulty leaving their homes. This service has become increasingly popular during the COVID-19 pandemic.

NAICS Code 456110-09 - Pharmacies (Retail)

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