December 16, 2015
ARLINGTON, Va. — Approximately 91 percent of pharmaceutical products — about $350 billion — came to market through HDMA-member traditional pharmaceutical distributors in 2014, according to the 86th Edition HDMA Factbook: The Facts, Figures and Trends in Healthcare (2015-2016). This represents a 1.3 percentage point increase from 2013. Meanwhile, the Factbook notes that spending on pharmaceuticals continues to rise in the U.S., reaching about $374 billion in 2014, according to IMS Health.
Published by HDMA’s non-profit research arm, the Center for Healthcare Supply Chain Research, this annual reference tool presents performance metrics on the pharmaceutical distribution industry and trends in the pharmaceutical supply chain gleaned from primary surveys of HDMA-member distributors (at the corporate level of organizations with annual sales greater than $1 billion), as well as secondary data from other leading healthcare organizations. Areas featured include distributor demographics and characteristics, finance, information systems, operations, customers, healthcare products and market characteristics. An international section also is included.
The 2015-2016 edition is sponsored by Boehringer Ingelheim Pharmaceuticals, Inc.; Apotex Corporation; RDC-Rochester Drug Cooperative, Inc.; Teva Pharmaceuticals USA; Smith Drug Company, div. J M Smith Corporation; and, Pharmacy First.
Findings also reported in the Factbook include:
“This year’s Factbook offers a snapshot of how healthcare distributors are providing efficiencies as they seamlessly deliver millions of healthcare products across the country,” said Karen J. Ribler, Executive Vice President and COO of the Center for Healthcare Supply Chain Research. “With the increasing demand in the healthcare sector, we will only see their importance increase in the years to come.”
The 86th Edition HDMA Factbook: The Facts, Figures and Trends in Healthcare (2015-2016) may be downloaded for $250 as a single-use PDF from E-junkie.com. Team and corporate-use licenses also are available. Visit the Center website for further details.
The Healthcare Distribution Alliance (HDA) represents primary pharmaceutical distributors — the vital link between the nation’s pharmaceutical manufacturers and pharmacies, hospitals, long-term care facilities, clinics and others nationwide. Since 1876, HDA has helped members navigate regulations and innovations to get the right medicines to the right patients at the right time, safely and efficiently. The HDA Research Foundation, HDA’s non-profit charitable foundation, serves the healthcare industry by providing research and education focused on priority healthcare supply chain issues.