As part of its annual Industry Issues Conference in December, Drug Store News assembled a first-class panel of retail pharmacy and supplier executives for an exclusive, in-depth discussion on emerging best practices for improving care among patients with chronic conditions.
Pet Releaf — the all-natural pet product company that recently launched two whole hemp plant-based products, Edibites CBD Treats for Dogs and CBD Hemp Oil Tinctures for both dogs and cats — is adding a large-breed product extension to its line.
While sales of pet supplements have flattened over the last few years, market research firm Packaged Facts estimates that the segment will grow to exceed $697 million in sales by 2019 due to rising obesity rates among pets and an aging pet population.
According to a 2015 study released by Grand View Research, the global market for personal mobility devices alone is expected to reach $8 billion by 2020. Wheelchairs were the largest-selling product segment in 2013, with growing demand for powered wheelchairs expected to drive segment growth through the next four years.
The challenge for DME within retail is the amount of shelf real estate many of these bath safety and mobility assistance products occupy. The large individual SKU footprint can make for some unattractive profit-per-square-inch metrics.