Retail sale of pharmaceutical products

NACE v2.1 Code: G47.73

About retail sale of pharmaceutical products

NACE code 47.73 covers the retail sale of pharmaceutical and medical goods, including the sale of medicines and other healthcare products. This industry plays a vital role in the broader healthcare sector, providing essential products and services to consumers. As a key link in the pharmaceutical supply chain, the retail sale of pharmaceutical products is a critical component of the economy, ensuring the availability and accessibility of vital medical supplies.

Production process

The retail sale of pharmaceutical products primarily involves the procurement, storage, and distribution of medicines, medical devices, and other healthcare items. Retailers in this industry typically source products from pharmaceutical manufacturers, wholesalers, or distributors, and then sell them directly to consumers through brick-and-mortar stores or online platforms. Proper handling, storage, and inventory management are essential to ensure the quality and safety of the products.

Production inputs

The main inputs required for the retail sale of pharmaceutical products include a diverse range of medicines, medical devices, and other healthcare items. Retailers in this industry must maintain a comprehensive inventory of products to meet the diverse needs of their customers. Additionally, they require specialized storage and handling equipment, such as temperature-controlled environments, to preserve the integrity of the products. Skilled personnel, including pharmacists and pharmacy technicians, are also a crucial input for this industry.

Production outputs

The primary output of the retail sale of pharmaceutical products is the provision of essential healthcare items to consumers. These products are then consumed by individuals, households, and other healthcare providers, such as hospitals, clinics, and nursing homes 86.10 Hospital activities. The retail sale of pharmaceutical products also supports the broader healthcare industry by facilitating the distribution and accessibility of medical supplies.

Revisions to 47.73

Classification codes are adjusted frequently. The code may have been revised or replaced between system versions. The table below shows the history (newest to oldest) of the code 47.73. The most recent 2 versions of this code (47.73) is in the NACE v2.1 system (this version):

This page shows the most recent version of code 47.73.

Family tree for retail sale of pharmaceutical products

    graph LR
    A["<a href='/classifications/nace/v2-1/G'>G: WHOLESALE AND RETAIL TRADE</a>"]
A --> B["<a href='/classifications/nace/v2-1/G/47'>47: Retail trade</a>"]
B --> C["<a href='/classifications/nace/v2-1/G/47/7'>47.7: Retail sale of other goods, except motor vehicles and motorcycles</a>"]
C --> D["<a href='/classifications/nace/v2-1/G/47/73'>47.73: Retail sale of pharmaceutical products</a>"]

    C --> E["<a href='/classifications/nace/v2-1/G/47/71'>47.71: Retail sale of clothing</a>"]
C --> F["<a href='/classifications/nace/v2-1/G/47/72'>47.72: Retail sale of footwear and leather goods</a>"]
C --> G["<a href='/classifications/nace/v2-1/G/47/74'>47.74: Retail sale of medical and orthopaedic goods</a>"]
C --> H["<a href='/classifications/nace/v2-1/G/47/75'>47.75: Retail sale of cosmetic and toilet articles</a>"]
C --> I["<a href='/classifications/nace/v2-1/G/47/76'>47.76: Retail sale of flowers, plants, fertilisers, pets and pet food</a>"]
C --> J["<a href='/classifications/nace/v2-1/G/47/77'>47.77: Retail sale of watches and jewellery</a>"]
C --> K["<a href='/classifications/nace/v2-1/G/47/78'>47.78: Retail sale of other new goods</a>"]
C --> L["<a href='/classifications/nace/v2-1/G/47/79'>47.79: Retail sale of second-hand goods</a>"]

    

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