New Drug Channels Institute Study Finds Five Pharmacies Now Dominate U.S. Prescription Dispensing, Identifies Key Trends in How

  New Drug Channels Institute Study Finds Five Pharmacies Now Dominate U.S.
  Prescription Dispensing, Identifies Key Trends in How Consumers Shop for
  Prescription

Business Wire

PHILADELPHIA -- January 22, 2013

Today the Drug Channels Institute released the results of its exclusive,
in-depth analysis of market share in the highly dynamic prescription
pharmaceutical industry. The top five dispensing pharmacies—CVS Caremark,
Walgreens, Express Scripts, Rite Aid, and Walmart—accounted for a record-high
63% of U.S. prescription dispensing revenues in 2012, said Drug Channels
Institute CEO Adam J. Fein, Ph.D., the study's author and a widely regarded
expert on pharmacy economics and the pharmaceutical supply chain. “Next year,”
Fein added, “these companies will benefit from healthcare reform’s
implementation, which will sharply increase U.S. spending on prescription
drugs.”

The finding is one of many new revelations and trends in Drug Channels
Institute’s just-released 2012-13 Economic Report on Retail, Mail, and
Specialty Pharmacies. This comprehensive, 152-page analysis of the $276.5
billion U.S. pharmacy industry thoroughly dissects its interactions with the
U.S. healthcare system. The report also explains how U.S. healthcare reform
will increase spending on drugs due to such factors as the healthcare coverage
expansion, the shrinking Medicare Part D coverage gap, and new government
requirements for prescription drug coverage.

With 82 proprietary charts, exhibits, and data tables, this new research
report is the most complete examination of prescription economics, market
structure, growth rates, and key trends affecting future profitability. The
report delves into brand-new government data to explain how pharmacies are
profiting from $4 prescriptions. What’s more, it analyzes how new pharmacy
networks are changing consumer shopping behavior.

“To save money, government and commercial payers are moving away from open
pharmacy networks,” Fein reveals. “We found that America’s seniors are also
voting for these networks with their wallets. For 2013, 44% of Medicare Part D
beneficiaries chose a plan that financially rewards them for using a preferred
pharmacy.”

To purchase and immediately download the new report, please visit
http://drugchannelsinstitute.com/products/industry_report/pharmacy/.

About Drug Channels Institute

Drug Channels Institute, a division of Pembroke Consulting, Inc., is a leading
provider of specialized management education and computer-based training for
and about the pharmaceutical industry. To learn more about its products, visit
http://www.drugchannelsinstitute.com/.

Contact:

Pembroke Consulting, Inc.
Angela Henson, 215-523-5700 extension 14
admin@pembrokeconsulting.com
 
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