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.
Drug, cosmetic and toiletry wholesalers primarily distribute medicines intended to diagnose, treat or prevent diseases; preparations designed to modify or improve the appearance of physical features; and articles used in personal grooming or dressing. Industry operators take ownership of the goods to be distributed. The industry does not include wholesalers that sell medicines, equipment and supplies directly to hospitals or doctors' offices.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.