QuintilesIMS recently released Medicines Use and Spending in the U.S.: A Review of 2016 and Outlook to 2021. The report is an excellent, albeit often misinterpreted, resource for understanding the pharma market.
Below, I analyze the latest data on how pharmacy dispensing channels have changed over the past five years. Key insights:
- Retail chains now dispense nearly 6 out of 10 prescriptions.
- Mail pharmacies have experienced declining prescriptions, but have soaring purchases of specialty drugs.
- Contrary to popular belief, independent pharmacies continue to grow.
Just about every media story inaccurately reported the QuintilesIMS data as “drug spending.” To tickle your inner wonk, I also provide a primer on how to interpret and understand what the QuintilesIMS data really mean.
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