Industry Analysis & Industry Trends
As primary providers of pharmaceutical distribution and services to hospitals and other healthcare institutions, the Institutional Pharmacies industry is highly dependent on Medicare funding to support revenue growth. Despite a rise in demand for industry services, and subsequently, the higher sales volumes, shrinking Medicare reimbursements in recent years caused the industry to experience significant revenue loss in 2012 and 2013. However, the industry is expected to perform positively in the five years to 2020 as a result of changing demographics, the continued effects of healthcare reform and expansion of the industry's clinical services.... purchase to read more
Industry Report - Industry Locations Chapter
Business locations in the industry are relatively in line with the distribution of the general population. Industry firms typically locate close to downstream buyers such as hospitals and nursing homes and other long-term care facilities. As a result, there is a higher concentration of firms in regions with a higher median age of the population. Prominent states with a high median age of the population include Florida, Pennsylvania, Maine, New Hampshire, Vermont and West Virginia.
The Southeast is the most prominent region in the industry, accounting for about 29.1% of establishments and 25.4% of the population. This region includes both Florida and West Virginia, which have the highest percentage of senior citizens (residents aged 65 and older)... purchase to read more