Pharmer's market: The continued move toward generic drugs will further depress revenue growth

Over the five years to 2017, the Drug, Cosmetic and Toiletry Wholesaling industry in Florida has experienced moderate, but hesitant, expansion as a result of several trends affecting the state's health sector. Overall demand for healthcare services has risen significantly as the insured population has grown, but population trends and how people are insured have dampened demand. As a result, industry revenue is expected to rise; however, the national industry has outpaced the industry in Florida. Over the five years to 2022, similar trends are expected to keep the industry from performing at as a high a level as its national counterpart...read more.

Industry Statistics & Market Size
Revenue
$30bn
Annual Growth 12-17
3.1%
Forecast Growth 17-22
Profit
Employment
13,202
Businesses
1,292

Industry Threats & Opportunities

  • A higher proportion of people on Medicare has negatively affected revenue and profit margins
  • Despite the rise in the generic market, pharmaceutical prices have gone up
  • Provisions designed to help fund coverage expansions could result in moderate profit margin cuts
  • 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 the vast majority of revenue.Brand-name and generic drugsA 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, 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. As a general rule, OTC drugs treat conditions that do not necessarily require care from healthcare professionals and have been proven to meet higher safety standards for self-medication by patients. Oft...purchase to read more.

    Additional Insights for the Drug, Cosmetic & Toiletry Wholesaling in Florida Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Drug, Cosmetic & Toiletry Wholesaling in Florida Industry are

  • Guaranteed supply of key inputs
  • Having an extensive distribution and collection network
  • Having contacts within key markets
  • IBISWorld analysts also discuss how external factors such as Number of people with private health insurance in Florida and Government consumption and investment in the Drug, Cosmetic & Toiletry Wholesaling in Florida industry impact industry performance..

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    What's in this report

    What is the Drug, Cosmetic & Toiletry Wholesaling in Florida Industry?

    Drug, cosmetic and toiletry wholesalers primarily distribute pharmaceutical products intended for internal and external consumption, such as tablets, capsules, vials, ointments and powders. The industry includes a range of biological and medical products and botanical drugs and herbs. The industry does not include businesses that primarily distribute surgical, dental or hospital equipment.

    Industry Products
  • Brand-name prescription drugs
  • Generic prescription drugs
  • Nonprescription pharmaceuticals and nutritional supplements
  • Cosmetics, toiletries and other
  • Industry Activities
  • Antibiotics wholesaling
  • Antiseptics wholesaling
  • Beauty supplies wholesaling
  • Cosmetics wholesaling
  • Nonprescription drugs wholesaling
  • Pharmaceuticals wholesaling
  • Prescription drugs wholesaling
  • Toiletries wholesaling
  • Vaccine wholesaling
  • Vitamins wholesaling
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Number of people with private health insurance in Florida
  • Government consumption and investment
  • Per capita disposable income in Florida
  • Median age of population

  • Current Performance
  • Generic pharmaceuticals and insurance
  • Medicare and Medicaid
  • Chart: Revenue Growth

  • Industry Outlook
  • Healthcare reform uncertainty
  • Further consolidation
  • Table: Drug, Cosmetic & Toiletry Wholesaling in Florida Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Drug, Cosmetic & Toiletry Wholesaling in Florida Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Convenience Stores
  • Pharmacies & Drug Stores
  • Beauty, Cosmetics & Fragrance Stores
  • Health Stores
  • Department Stores
  • Warehouse Clubs & Supercenters
  • Primary Care Doctors
  • Specialist Doctors
  • Hospitals

  • Key Selling Industries
  • Brand Name Pharmaceutical Manufacturing
  • Cosmetic & Beauty Products Manufacturing
  • Generic Pharmaceutical Manufacturing
  • Medical Instrument & Supply Manufacturing
  • Soap & Cleaning Compound Manufacturing

  • Products & Services
  • Brand-name prescription drugs
  • Generic prescription drugs
  • Cosmetics, toiletries and other
  • Nonprescription pharmaceuticals and nutritional supplements
  • Chart: Drug, Cosmetic & Toiletry Wholesaling in Florida Industry Products and Services Segmentation

  • Government funding and regulation
  • Demographics
  • Product development

  • Major Markets
  • Other wholesalers
  • Retailers
  • Other businesses
  • Chart: Major Market Segmentation for the Drug, Cosmetic & Toiletry Wholesaling in Florida Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Drug, Cosmetic & Toiletry Wholesaling in Florida

  • Basis of Competition
  • Auxiliary services
  • Diversified product mix
  • The price is right
  • Building a network
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Drug, Cosmetic & Toiletry Wholesaling in Florida Industry

  • AmerisourceBergen Corporation, Cardinal Health Inc., McKesson Corporation, Morris & Dickson,
  • Table: AmerisourceBergen Corporation - financial performance
  • Table: Cardinal Health Inc. - financial performance
  • Table: McKesson Corporation - financial performance
  • Table: Morris & Dickson - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Drug, Cosmetic & Toiletry Wholesaling in Florida Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Drug, Cosmetic & Toiletry Wholesaling in Florida Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Number of Physician Visits (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Biologics
  • Type of specialty drug made from living organisms.
  • Disintermediation
  • The removal of intermediaries in a supply chain: "cutting out the middleman."
  • Fee-For-Service (Ffs)
  • A standard business model where services are unbundled and paid for separately.
  • Generic Drug
  • Drug that is not protected by any patents, but can act as a substitute for the original brand-name product.
  • Investment Buying (Ib)
  • A standard business model where large quantities of a commodity are purchased under the assumption that its price will increase.
  • Managed Care
  • A type of health insurance plan that controls costs by providing a network of pre-approved doctors and hospitals.
  • Over-The-Counter (Otc) Medication
  • Medicines that can be sold without a prescription.
  • Specialty Drug
  • Complex drug therapies, including injectables and biologics.
  • What Our Customers Say

    Why buy this report?

    The Drug, Cosmetic & Toiletry Wholesaling in Florida industry market report contains strategic analysis of the key drivers influencing the industry. Save hours of time on research and prospecting using IBISWorld’s standardized, up-to-date reports on thousands of industries. Our industry research provides growth and profit forecasts for a five-year outlook period, presented in a clear and user-friendly format.

    IBISWorld industry market research reports enable you to:
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    This report on Drug, Cosmetic & Toiletry Wholesaling in Florida:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Drug, Cosmetic & Toiletry Wholesaling in Florida market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Drug, Cosmetic & Toiletry Wholesaling in Florida, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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