Industry · municipality
The Pharmacy Industry in Færder: Current Status and Future Prospects
Analysis of companies, sales, employees, and development trends in the pharmacy industry in Færder municipality (2016–2025).
Executive Summary
Overview of the Pharmacy Industry in Færder
Færder has a stable pharmacy industry with five registered companies in 2025. Sales increased from 141.4 million NOK in 2025 compared to 120.2 million NOK in 2024, showing a growth of 17.7%. Employment development has been more volatile, stabilizing at 45 employees in 2026 after declining to 39 employees in 2022. The industry has shown resilience over time, with a significant sales increase in 2018 following a sharp decline in 2017. This indicates that pharmacies have adapted to market conditions and strengthened their position in the municipality.
Economic Overview
Sales Development (2016–2025):
| Year | Sales (NOK) | Annual Change |
|---|---|---|
| 2016 | 89.4M | - |
| 2017 | 43.9M | -50.9% |
| 2018 | 123.9M | +182.3% |
| 2019 | 115.7M | -6.6% |
| 2020 | 103.9M | -10.2% |
| 2021 | 107.7M | +3.6% |
| 2022 | 101.4M | -5.8% |
| 2023 | 99.2M | -2.2% |
| 2024 | 120.2M | +21.2% |
| 2025 | 141.4M | +17.7% |
Employment Development (2016–2026):
| Year | Number of Employees | Annual Change |
|---|---|---|
| 2016 | 49 | - |
| 2017 | 58 | +18.4% |
| 2018 | 52 | -10.3% |
| 2019 | 50 | -3.8% |
| 2020 | 43 | -14.0% |
| 2021 | 42 | -2.3% |
| 2022 | 39 | -7.1% |
| 2023 | 41 | +5.1% |
| 2024 | 44 | +7.3% |
| 2025 | 45 | +2.3% |
| 2026 | 47 | +4.4% |
Sales have grown strongly after 2017, with an increase of over 180% in 2018. This may be due to improved market conditions or operational efficiencies. Employment development has been more volatile, but has stabilized after 2023 with a 4.4% increase in 2026.
Companies in the Industry
Færder has five registered pharmacy companies in 2025, all organized as AS. The key companies are:
- Apotek 1 Teie Torv (Nøtterøy) – 13 employees, sales of 19.3M NOK in 2025.
- Apotek 1 Nøtterøy (Nøtterøy) – 12 employees, sales of 38.7M NOK in 2025.
- Vitusapotek Vestskogen (Vestskogen) – 10 employees, sales of 35.5M NOK in 2025.
- Vitusapotek Tjøme (Tjøme) – 9 employees, sales of 11.8M NOK in 2025.
- Apotek 1 Tjøme (Tjøme) – 5 employees, but with zero sales and operating income in 2025.
Organizational Form: All companies are organized as AS, indicating a standardized structure in the industry. There are no companies with other organizational forms such as AN or EN.
Special Observations: Apotek 1 Tjøme had no operating income or sales in 2025, which may indicate a temporary closure or reduced operational activity.
Business Geography
The pharmacy industry in Færder is distributed across three main areas: Nøtterøy, Tjøme, and Vestskogen. The distribution is as follows:
| Location | Number of Companies | Number of Employees | Sales (NOK) | Operating Income (NOK) |
|---|---|---|---|---|
| Nøtterøy | 2 | 25 | 58.0M | 19.6M |
| Tjøme | 2 | 14 | 11.8M | 11.9M |
| Vestskogen | 1 | 10 | 35.5M | 35.7M |
Nøtterøy has two pharmacies with combined sales of 58.0M NOK and 25 employees. Vestskogen has one pharmacy with high sales of 35.5M NOK and 10 employees. Tjøme has two pharmacies, but with lower sales compared to the other areas. This shows that Vestskogen and Nøtterøy have a more stable and higher operational activity in the pharmacy industry compared to Tjøme.
Business Dynamics
Bankruptcies and Operational Status: None of the five companies in the pharmacy industry in Færder were in a bankruptcy situation in 2025. All companies are registered as not bankrupt in the data. This shows stable operational activity in the industry.
Operational Results: Most companies have positive operating results, with the exception of Apotek 1 Tjøme, which had zero operating income and sales in 2025. This may indicate a temporary challenge for this company, but not for the industry as a whole.
Operating Margins: Most companies have operating margins of 4–7%, indicating good cost control. Vestskogen has a higher operating margin compared to the other areas, which may be due to efficient operations or higher sales.
Future Outlook
Sales Growth: Sales grew strongly in 2024 and 2025, with increases of 21.2% and 17.7%, respectively. This indicates a positive development in the industry, with possible improvements in market conditions and increased demand for pharmacy services.
Employment Stability: Employment development has stabilized after 2023, with a 4.4% increase in 2026. This shows that the industry has adapted to previous downturns and has a stable employment base.
Outlook for Entrepreneurs: For entrepreneurs considering establishing themselves in the pharmacy industry in Færder, the data indicate a positive development. Sales growth and stabilization of employment development show that the industry has potential for further growth. However, it is important to be aware of the competition, especially in Nøtterøy and Vestskogen, where there are already several pharmacies. SmartGrunder can help entrepreneurs find suitable addresses in the municipality where it is natural to establish themselves in this industry.
Conclusion
The pharmacy industry in Færder has shown stable and positive development over the past few years, with a significant sales increase after 2017 and stabilization of employment development after 2023. There are five registered companies in the industry, all organized as AS, and none of them have been in a bankruptcy situation. The sales growth in 2024 and 2025 shows that the industry has adapted to market conditions and has potential for further growth. For entrepreneurs considering establishing themselves in this industry, it is important to be aware of the competition, especially in Nøtterøy and Vestskogen, where there are already several pharmacies. SmartGrunder can help find suitable addresses in the municipality where it is natural to establish themselves in this industry.