SEARCH   
MEMBER LOGIN    

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 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
$14bn
Annual Growth 09-14
-1.5%
Annual Growth 14-19
Purchase to read more
Profit
Purchase to read more
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 Products Chapter

Brand-name and generic pharmaceutical distribution

Brand name and generic pharmaceutical sales generate the largest portion of industry revenue. Demand for this segment has increased during the past five years as the median age of the population has risen and a greater portion of the population has become eligible for Medicare, which subsidizes the cost of prescription drugs.

According to the Generic Pharmaceutical Association, generics account for more than 80.0% of all prescriptions filled annually but only represent 27.0% of total drug revenue... 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


View Sample
Quote
Select Clients