Industry · municipality
The Pharmacy Industry in Modum: Current Status and Future Prospects
Analysis of companies, economic data, and development trends in the pharmacy industry in Modum Municipality (2016–2025). This includes sales and employment development, organizational forms, geographic distribution, and bankruptcy statistics for the industry in Modum.
Executive Summary
The pharmacy industry in Modum is a stable, but fluctuating sector with three registered companies. The three pharmacies are located in Vikersund and Åmot, and all operate as AS. Sales have shown significant fluctuations over time, with a sharp decline in 2017 followed by an increase since 2018. Employment development has been more consistent, with a 17.5% increase from 2025 to 2026. Within the industry, there are no bankrupt registered companies, indicating a relatively stable industry structure.
Economic Overview
Sales Development (2016–2025):
| Year | Sales (NOK) | Annual Change |
|---|---|---|
| 2016 | 83.8M | - |
| 2017 | 28.7M | -65.8% |
| 2018 | 106.8M | +272.7% |
| 2019 | 98.0M | -8.2% |
| 2020 | 107.2M | +9.4% |
| 2021 | 106.5M | -0.7% |
| 2022 | 113.7M | +6.7% |
| 2023 | 109.0M | -4.1% |
| 2024 | 116.2M | +6.6% |
| 2025 | 119.6M | +3.0% |
Employment Development (2016–2026):
| Year | Employment | Annual Change |
|---|---|---|
| 2016 | 47 | - |
| 2017 | 52 | +10.6% |
| 2018 | 46 | -11.5% |
| 2019 | 43 | -6.5% |
| 2020 | 47 | +9.3% |
| 2021 | 41 | -12.8% |
| 2022 | 44 | +7.3% |
| 2023 | 45 | +2.3% |
| 2024 | 43 | -4.4% |
| 2025 | 40 | -7.0% |
| 2026 | 47 | +17.5% |
Sales experienced an extreme decline in 2017, but have since shown a stable increase. Employment development has been more fluctuating, with a significant rise in 2026.
Companies in the Industry
In Modum, there are three pharmacies registered in the industry:
- Apotek 1 Modum (Åmot) – 21 employees, AS, established in 1965, sales 38.7M NOK, operating income 39.3M NOK.
- Vitusapotek Vikersund (Vikersund) – 18 employees, AS, established in 1965, sales 47.3M NOK, operating income 47.6M NOK.
- Apotek 1 Vikersund (Vikersund) – 12 employees, AS, established in 2011, sales 19.3M NOK, operating income 19.6M NOK.
Organizational Form: All companies are registered as AS. There are no companies with other organizational forms in the industry.
Business Geography
The pharmacy industry in Modum is distributed across two centers:
Vikersund:
- 2 companies
- 30 employees
- Sales: 66.6M NOK
- Operating income: 67.3M NOK
- EBITDA: 4.4M NOK
Åmot:
- 1 company
- 21 employees
- Sales: 38.7M NOK
- Operating income: 39.3M NOK
- EBITDA: 2.8M NOK
Vikersund has a more developed business activity with more companies and higher sales compared to Åmot.
Business Dynamics
Bankruptcy Statistics:
- No companies in the pharmacy industry in Modum are registered as bankrupt in the data.
Bankruptcy Dynamics:
- The three companies have been in operation since 1965 and 2011, and have not experienced bankruptcy.
- Sales and employment development have shown fluctuations, but no extreme downward trends that could lead to bankruptcy.
- The sharp decline in 2017 (–65.8%) was offset by a strong increase in 2018 (+272.7%), indicating a stable industry structure.
Outlook
Sales Development:
- Sales have shown a stable increase since 2018, with an increase of +3.0% from 2024 to 2025. This indicates a positive trend in the industry.
Employment Development:
- The employment increase of +17.5% from 2025 to 2026 shows a growing need for labor, which could be an advantage for new entrants.
Bankruptcy Risk:
- No bankrupt registered companies in the data indicate a low bankruptcy risk in the industry.
Conclusion for Entrepreneurs:
- The pharmacy industry in Modum shows potential for growth, especially with the positive sales development and stable organizational structure. This can be an attractive sector for new entrepreneurs, even though fluctuations in sales and employment numbers must be considered.
Conclusion
The pharmacy industry in Modum is a stable, but fluctuating sector with three companies and no bankrupt registered companies. Sales have shown a significant increase since 2018, and employment development has been positive in 2026. This indicates an attractive industry for new entrants. SmartGrunder can help entrepreneurs explore address alternatives in Modum for this industry, with a focus on natural conditions and development trends.