The Pharmacy Industry in Ringsaker: Current Status and Future Prospects

The pharmacy industry in Ringsaker has proven to be a stable and growth-oriented sector with 7 registered companies in the municipality. In recent years, sales have grown with an average annual increase of 11.1%, although there have been short periods of decline, such as in 2017. The development of the workforce has been more fluctuating, but has now reached a local maximum of 84 employees in 2023. The industry is most concentrated in Brumunddal, which hosts 3 of the 4 activity centers in the municipality. With an average EBITDA margin of 6-7% and high gross profits, data indicates a relatively profitable industry. It is, however, important to note that some companies, such as Vitusapotek Rudshøgda, report zero sales and operating income, which may indicate challenges in certain parts of the industry.

Economic Trends

The sales development has been marked by a sharp decline of 56.5% from 2016 to 2017, followed by an extreme growth of 202.6% in 2018. This growth has remained at a high level since, with an average annual growth of 11.1% from 2018 to 2025. The workforce development has been more fluctuating, with a maximum increase of 26.5% from 2018 to 2019, but a decline of 10.4% from 2024 to 2025. It is worth noting that sales and workforce numbers tend to follow each other, although there are small variations in the timeframe.

Registered Companies in the Industry

In Ringsaker, the following pharmacy companies are registered:

1. Apotek 1 Brumunddal (Brugata 16, Brumunddal) – AS, 20 employees
2. Apotek 1 Moelv (Storgata 115, Moelv) – AS, 12 employees
3. Apotek 1 Olrud (Kårtorpvegen 1, Furnes) – AS, 12 employees
4. Vitusapotek Moelv (Storgata 109, Moelv) – AS, 9 employees
5. Vitusapotek Brumunddal (Nygata 22B, Brumunddal) – AS, 7 employees
6. Vitusapotek Fabrikkvegen Brumunddal (Fabrikkvegen 6, Brumunddal) – AS, 6 employees
7. Vitusapotek Rudshøgda (Stolvstadvegen 2, Rudshøgda) – AS, 5 employees

All companies are organized as AS, as indicated by the organizational form statistics. There are no companies registered in other organizational forms in the municipality. Vitusapotek Fabrikkvegen Brumunddal and Vitusapotek Rudshøgda report zero sales and operating income, which may be an indicator of challenges in these companies.

Geographic Distribution of Activity

Brumunddal is the most active area with 3 companies and 33 employees, while Rudshøgda has one company with zero sales. Moelv and Furnes have less activity, but with high EBITDA margins (6-7%). It is interesting to note that although Rudshøgda has one company, it is the only area without operating income. This may be an indicator of a need for increased activity or adaptation in this area.

None of the 7 companies in the pharmacy industry in Ringsaker are registered as bankrupt, which shows a relatively stable industry. However, there are two companies (Vitusapotek Fabrikkvegen Brumunddal and Vitusapotek Rudshøgda) that report zero sales and operating income. This may be an indicator of challenges in these companies, even though they are not bankrupt. It is worth noting that although there are small variations in EBITDA margins (6-7%), all companies are in a relatively profitable position compared to other industries. There are no bankruptcies registered in the industry, which suggests good operational efficiency overall.

Data shows that the pharmacy industry in Ringsaker has proven to be a stable and growth-oriented sector with an average annual sales growth of 11.1% since 2018. This is a positive indicator for entrepreneurs considering establishing themselves in the municipality. However, it is important to be aware that some companies, such as Vitusapotek Fabrikkvegen Brumunddal and Vitusapotek Rudshøgda, report zero sales, which may indicate challenges in certain parts of the industry. Entrepreneurs should therefore consider thoroughly analyzing market needs and competition before making decisions to establish themselves. It is also worth noting that the industry has a high average EBITDA margin (6-7%), which suggests that it may be possible to achieve profitability in the municipality. SmartGrunder can help entrepreneurs find suitable addresses and locations in Ringsaker for pharmacy activities, based on data and market analyses.

The pharmacy industry in Ringsaker has proven to be a stable and growth-oriented sector with 7 registered companies and an average annual sales growth of 11.1% since 2018. The industry is most concentrated in Brumunddal, with 3 companies and 33 employees, while Rudshøgda has one company with zero sales. There are no bankruptcies registered in the industry, which shows a relatively stable operation. Entrepreneurs should consider thoroughly analyzing market needs and competition before making decisions to establish themselves in the municipality. SmartGrunder can help entrepreneurs find suitable addresses and locations in Ringsaker for pharmacy activities, based on data and market analyses.