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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 provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

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 Key Buyers Chapter

The Institutional Pharmacies industry has a medium level of concentration with the two-largest players accounting for an estimated 47.0% of industry revenue. The remaining 53.0% of the industry is highly fragmented, with the third-largest industry player accounting for only about 2.0% of industry revenue. As firms in the industry continue to consolidate operations over the next five years, industry concentration is expected to increase. However, the industry will always likely remain at a moderately concentrated level due to regulator antitrust concerns... 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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