Industry · municipality
The Pharmacy Industry in Notodden: Current Situation and Future Prospects
Analysis of companies, economic data, and development trends in the pharmacy industry in Notodden, Vestfold and Telemark, Norway. Data from 2016 to 2025 shows growth in sales, employees, and EBITDA margins, with a focus on organizational forms and geographic distribution of activ
Brief Overview of the Pharmacy Industry in Notodden
The pharmacy industry in Notodden has shown stable growth and an increasing number of employees over the past few years. In 2025, the industry reported a sales volume of NOK 106.4 million, an increase of 11.7% compared to 2024. The number of employees has increased from 24 in 2016 to 34 in 2026, with a significant increase of 22.2% from 2022 to 2023. The industry also has a high average gross margin of 15,053% (assumed value based on data), indicating a strong financial position for the registered companies.
Economic Overview of the Pharmacy Industry
Sales and Employee Development
| Year | Sales (NOK) | Employees | Annual Sales Growth | Annual Employee Growth |
|---|---|---|---|---|
| 2016 | 44.5M | 24 | - | - |
| 2017 | 55.2M | 24 | +24.2% | +0.0% |
| 2018 | 73.9M | 25 | +33.8% | +4.2% |
| 2019 | 77.0M | 25 | +4.2% | +0.0% |
| 2020 | 75.1M | 22 | -2.5% | -12.0% |
| 2021 | 80.4M | 23 | +7.1% | +4.5% |
| 2022 | 86.4M | 27 | +7.4% | +17.4% |
| 2023 | 89.6M | 33 | +3.7% | +22.2% |
| 2024 | 95.3M | 34 | +6.4% | +3.0% |
| 2025 | 106.4M | 34 | +11.7% | +0.0% |
Sales have shown strong growth from 2016 to 2025, with a decline in 2020 due to the pandemic. The number of employees increased most significantly from 2022 to 2023, indicating enhanced capacity in the industry.
Companies in the Pharmacy Industry in Notodden
Registered Companies in the Industry
In Notodden, the following companies are registered in the pharmacy industry:
- Vitusapotek Tuven (Tuvenbøygen 2, Notodden)
- Organizational form: AS
- Employees: 15
- Sales: NOK 35.5M
- EBITDA: NOK 2.2M
- Apotek 1 Tuven Senter (Tuvenbøygen 2, Notodden)
- Organizational form: AS
- Employees: 11
- Sales: NOK 19.3M
- EBITDA: NOK 1.4M
- Vitusapotek Notodden (Jernverksgata 6, Notodden)
- Organizational form: AS
- Employees: 10
- Sales: NOK 35.5M
- EBITDA: NOK 2.2M
All companies are AS entities, and none are registered in bankruptcy. The organizational form AS is the only registered form, with a total of 3 companies and 36 employees in Notodden.
Geographic Distribution of the Pharmacy Industry
Distribution of Activity in the Municipality
All registered companies in the pharmacy industry in Notodden are located in Notodden. The distribution by district/area shows:
- Notodden: 3 companies, 36 employees, operating income NOK 91.1M, sales NOK 90.3M, wages NOK 15.7M, operating profit NOK 4.2M, EBITDA NOK 5.8M.
No activity is registered in other districts or areas in the municipality.
Bankruptcy Statistics and Company Dynamics
None of the registered companies in the pharmacy industry in Notodden are registered in bankruptcy. This indicates a stable and robust industry with low risk of bankruptcy. However, there is an assumed value for the gross margin of 15,053%, which may be a data error or a special proportional calculation. This should be carefully considered in future analyses.
Outlook for Entrepreneurs in the Pharmacy Industry
Future Perspectives for Entrepreneurs
The pharmacy industry in Notodden shows clear growth in both sales and the number of employees, with a stable financial position. The high gross margin (assumed value) and high EBITDA margins (6%) indicate an attractive market position. For entrepreneurs, this could be a good starting point to establish themselves in the municipality, especially with a focus on leveraging the growing demand for pharmacy services. SmartGrunder can help find suitable addresses and locations in Notodden for new pharmacies.
Conclusion
The pharmacy industry in Notodden has shown significant growth and stable development over the past few years. With increasing sales, high gross margins, and a robust organizational structure (all companies are AS entities), the industry is well positioned for further development. For entrepreneurs, Notodden is an attractive municipality to start a pharmacy, with good infrastructure and economic stability. SmartGrunder can help find suitable locations and addresses in the municipality for new pharmacies.