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Institutional Pharmacies: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Institutional Pharmacies Market Research Report | NAICS OD5707 | Sep 2016

Active immunity: The aging population will strengthen industry revenue

IBISWorld’s Institutional Pharmacies market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Annual Growth 11-16
Annual Growth 16-21
Annual Growth
Industry Threats & Opportunities
  • Dependency on Medicare reimbursements has raised concerns about long-term profitability
  • Private health coverage has helped sustain demand for medical procedures and medical care
  • The aging population is expected to significantly affect demand for institutional pharmacies
  • ... purchase to read more

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 2021 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. Gen.. ... purchase to read more

Additional Insights for the Institutional Pharmacies Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Institutional Pharmacies Industry are

  • Economies of scale
  • Ability to quickly adopt new technology
  • Ability to negotiate successfully with regulator
  • IBISWorld analysts also discuss how external factors such as Demand from hospitals and Demand from nursing and residential care facilities in the Institutional Pharmacies industry impact industry performance... purchase to read more


    Industry ProductsRelated Reports

    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

    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Demand from hospitals
  • Demand from nursing and residential care facilities
  • Number of adults aged 50 and older
  • Number of people with private health insurance
  • Total health expenditure
  • Current Performance
  • Chart: Revenue Growth
  • Industry Outlook
  • Shifting trends
  • Pressured profit
  • Table: Institutional Pharmacies Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Institutional Pharmacies Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Emergency & Other Outpatient Care Centers
  • Hospitals
  • Specialty Hospitals
  • Nursing Care Facilities
  • Key Selling Industries
  • Brand Name Pharmaceutical Manufacturing
  • Generic Pharmaceutical Manufacturing
  • Products & Services
  • Brand-name pharmaceuticals
  • Clinical services
  • Generic pharmaceuticals
  • Other
  • Chart: Institutional Pharmacies Industry Products and Services Segmentation
  • Demand Determinants
    Major Markets
  • Federal Medicare
  • Private
  • State Medicaid
  • Chart: Major Market Segmentation for the Institutional Pharmacies Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Institutional Pharmacies
  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Institutional Pharmacies Industry
  • Industry Globalization
    Major Companies
    Omnicare Inc.
    PharMerica Corporation
  • Table: Omnicare Inc. - financial performance
  • Table: PharMerica Corporation - financial performance
  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Institutional Pharmacies Industry
  • Chart: Tools of the Trade: Growth Strategies for Success
  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth
  • Regulation & Policy
    Industry Assistance
    Key Statistics
  • Table: Industry Data for the Institutional Pharmacies Industry
  • Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Prescriptions filled (2007-2021)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Jargon & Glossary
    Brand Name Drug
  • A drug that is patent protected and can only be sold by the patent holder.
  • Generic Drug
  • A drug that is comparable to a brand name drug in dosage form, strength, performance characteristics and intended use. Generic drugs enter the market once brand name drugs lose patent protection.
  • Medicare Part D
  • A federal program that subsidizes the cost of drugs for Medicare beneficiaries.

  • Why Buy this Report?
    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Institutional Pharmacies:
    • 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 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 Institutional Pharmacies 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 Institutional Pharmacies, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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