Drug, Cosmetic & Toiletry Wholesaling in Florida - Industry Market Research Report

Drug, Cosmetic & Toiletry Wholesaling in Florida - Industry Market Research Report

  • March 2019 •
  • 34 pages •
  • Report ID: 5470370 •
  • Format: PDF

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

Abstract

Drug, Cosmetic & Toiletry Wholesaling in Florida
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. The number of people with private health insurance is expected to fall every year during the five-year period, and uncertainty surrounding the PPACA is expected to drive rates up and insurers out of the market.

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.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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