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Institutional Pharmacies in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Institutional Pharmacies Market Research Report | Life Sciences | Healthcare Services | Mar 2015

Active immunity: The growing aging population will strengthen industry revenue

IBISWorld’s Institutional Pharmacies market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Omnicare Inc. Omnicare Inc.  market share
PharMerica Corporation PharMerica Corporation market share
Industry Statistics & Market Size
Revenue
$15bn
Annual Growth 10-15
-1.0%
Annual Growth 15-20
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Profit
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Employment
60,939
Businesses
1,461
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 Investment Chapter

The Institutional Pharmacies industry exhibits a low level of capital intensity. Using wages as a proxy for labor and depreciation as a proxy for capital, IBISWorld estimates that for every dollar spent on labor in 2015, $0.03 will be spent on capital. Labor costs are substantial and the industry places a premium on hiring skilled technicians and licensed pharmacists. Pharmacy automation is geared more toward improving operational efficacy, rather than significantly reducing the industry's labor requirement. Nevertheless, as more firms invest in automated processes and healthcare information technology systems, the capital intensity of the industry is anticipated to moderately increase over the next five years... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Institutional Pharmacies Industry?

This industry comprises pharmacies that provide a range of services to residents of nursing homes, hospitals or hospice environments that do not have an on-site pharmacy. In addition to providing pharmaceuticals, institutional pharmacies also provide consulting services, which include monitoring the control, distribution and administration of drugs and assisting with regulation compliance.

Industry Products
Brand-name pharmaceuticalsClinical servicesGeneric pharmaceuticals
 
Industry Activities
Providing pharmaceuticals for institutional clientsProviding consulting services for institutional clients


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