Pharmaceuticals Wholesaling industry growth rates have slowed in line with changes to the industry's operating environment and slower growth in the Pharmaceutical Benefits Scheme.
The Pharmaceuticals Wholesaling industry has also been influenced by changes to the Community Service Obligation that came into effect on 1 July 2010 as part of the Fifth Community Pharmacy Agreement.
For these reasons, industry research firm IBISWorld has updated its report on the Pharmaceuticals Wholesaling industry in Australia.
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Industry Trends
Following relatively strong growth in the first half of the decade, Pharmaceuticals Wholesaling industry growth rates have slowed since 2005-06, in line with changes to the industry's operating environment (including regulatory changes) and slower growth in the Pharmaceutical Benefits Scheme (PBS).
According to IBISWorld industry analyst Arna Richardson, “the current PBS reform process, which represents the most fundamental change to the scheme in its 60-year history, is having a considerable effect on the operating environment of industry participants”.
The Pharmaceuticals Wholesaling industry has also been influenced by changes to the Community Service Obligation that came into effect on 1 July 2010 as part of the Fifth Community Pharmacy Agreement.
Read More: http://www.redorbit.com/news/science/1112700061/pharmaceuticals-wholesaling-in-australia-industry-market-research-report-now-updated/
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