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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 2014

Active immunity: Despite industry consolidation, the growing aging population will spur growth

IBISWorld’s Institutional Pharmacies market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Omnicare Inc. Omnicare Inc.  market share
PharMerica Corporation PharMerica Corporation market share
Industry Statistics & Market Size
Revenue
$14bn
Annual Growth 09-14
-1.5%
Annual Growth 14-19
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Profit
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Employment
58,840
Businesses
1,519
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 2019 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 2014, $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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