Industry Analysis & Industry Trends
Prescription for success
Wholesalers of drugs, cosmetics and toiletries emerged from the recession largely unscathed, bolstered by demand for pharmaceutical products. With the US population aging rapidly, the need for prescription and over-the-counter drugs increased. As patents for major drugs expire, demand for generic medications will soar, supporting industry profitability. Meanwhile, the recently passed healthcare reform law will boost demand even further as more Americans will have access to doctors... purchase to read more
Industry Report - Industry Products Chapter
The Drug, Cosmetic and Toiletry Wholesaling industry distributes a range of products and services, with prescription and over-the-counter (OTC) medications making up a majority of revenue. Indeed, these two product groups total about 77.0% and 2.3% of industry sales, respectively.
Brand-name and generic drugs
A prescription drug is a licensed medicine that requires written instructions from a physician or other medical practitioner to a pharmacist before a consumer can purchase it. In contrast, over the counter (OTC) drugs can be obtained without a prescription. In the United States, the Federal Food, Drug and Cosmetic Act defines what drugs require a prescription... purchase to read more