What the doctor ordered: Increased health-care expenditure keeps revenue on a high

Industry revenue is expected to grow at a compound annual rate of 4.9% over the five years through 2018, reaching €13.4 billion. Industry revenue has been somewhat volatile over the period, falling by 5.3% in 2014 and then growing substantially over the remainder of the period. The existence of multiple-source drugs contributes towards industry revenue volatility. The price of branded pharmaceutical products can vary greatly from generic pharmaceuticals. When consumer expenditure increases, spending on over-the-counter pharmaceutical products is expected to increase as consumers trade up to branded products, which causes revenue volatility...read more.

Industry Statistics & Market Size
Revenue
€13.4bn
Annual Growth 13-18
4.9%
Forecast Growth 18-23
Profit
Employment
9,228
Businesses
520
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Increasing private and public health-care expenditure has boosted revenue growth
  • High pharmaceutical prices have supported profit margins over the past five years
  • The aging population is expected to support demand for industry products over the next five years
  • Industry Report - Industry Key Buyers Chapter

    The Pharmaceutical Wholesaling industry in Ireland has a low level of market share concentration, with the three largest operators having a combined market share of 9.5% in 2018. The industry is highly fragmented, with a large number of small, locally operating firms. There has been a significant amount of merger and acquisition activity over the past five years. However, despite this, enterprise to establishment numbers have grown as a number of firms have entered the industry, despite its high barriers to entry...purchase to read more.

    Additional Insights for the Pharmaceutical Wholesaling Industry

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

  • Ability to effectively communicate and negotiate
  • Ability to avoid wholesale bypass
  • Access to high quality inputs
  • IBISWorld analysts also discuss how external factors such as Demand from basic pharmaceutical product manufacturing and Public healthcare expenditure in the Pharmaceutical Wholesaling industry impact industry performance..

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    What's in this report

    What is the Pharmaceutical Wholesaling in Ireland Industry?

    This industry includes companies that wholesale pharmaceuticals and medical goods, including prescription medicines and equipment such as pacemakers and CT scanners. These are distributed to pharmacies, specialist retailers, hospitals, doctors and specialist medical practitioners.

    Industry Products
  • Prescription medicines
  • Medical products, therapeutic appliances and equipment
  • Industry Activities
  • Pharmaceutical wholesaling
  • Medical goods wholesaling
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from basic pharmaceutical product manufacturing
  • Public healthcare expenditure
  • Population aged 65 years and over
  • Private healthcare expenditure
  • Real personal consumption expenditure

  • Current Performance
    A rocky startProfit and pricing
  • Chart: Revenue Growth

  • Industry Outlook
    Aging population and private healthWholesale bypass
  • Table: Pharmaceutical Wholesaling Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Pharmaceutical Wholesaling Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Hospitals in Ireland
  • Diagnostic & Ambulance Services in Ireland
  • Retirement Homes in Ireland

  • Key Selling Industries
  • Basic Pharmaceutical Product Manufacturing in Ireland
  • Pharmaceutical Preparations Manufacturing in Ireland

  • Products & Services
  • Prescription medicines
  • Other
  • Medical products, therapeutic appliances and equipment
  • Chart: Pharmaceutical Wholesaling Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Community pharmacies
  • Hospitals
  • Dispensing medical practitioners
  • Other health-care providers
  • Other
  • Chart: Major Market Segmentation for the Pharmaceutical Wholesaling Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Pharmaceutical Wholesaling

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Pharmaceutical Wholesaling Industry

  • Industry Globalization
    United Drug (Wholesale) Ltd,
  • Table: United Drug (Wholesale) Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Pharmaceutical Wholesaling Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Pharmaceutical Wholesaling Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Health Products Regulatory Authority (Hpra)
  • The organisation responsible for regulating medicines, medical devices and other health products in Ireland.
  • Health Service Executive (Hse)
  • The national health service provider in Ireland.
  • Multiple-Source Drug
  • A drug that is available from branded manufacturers as well as from generic manufacturers.
  • Over-The-Counter Products
  • Pharmaceutical products that do not need to be prescribed by a medical practitioner.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Pharmaceutical Wholesaling in Ireland market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    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 Pharmaceutical Wholesaling in Ireland:
    • 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 Pharmaceutical Wholesaling in Ireland 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 Pharmaceutical Wholesaling in Ireland, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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