Download The Findit App

Share Your Posts On These Major Social Networks

Instatag Your Posts to Instagram Facebook + Twitter

News

Pharmaceutical Supply Chain in Europe - Adoption of Direct to Pharmacy (DTP) Model to Boost Efficiency and Optimize Pricing

Dallas 7/17/2012 1:21:39 PM

The European Pharmaceutical Supply Chain Branches Out.

Pharmaceutical companies are hiring a little help, and joining with Third Party Logistics (3PL), but are they abandoning too much control over their business, asks a new report by healthcare experts GBI Research.

The new report states that use of 3PL companies is a growing trend in the global pharmaceutical supply chain, as cost cutting measures encourage businesses to use outside companies, who can offer services at competitive prices. However, while Direct to Pharmacy (DTP) and Reduced Wholesaler Agreements (RWA) models play a vital role in the UK, other EU countries are boosting their direct sales, and only time will tell which approach will succeed.

Around 772 full-line wholesalers in Europe supplied pharmaceutical products to pharmacies, hospitals and doctors in 2010, according to the European Association of Pharmaceutical Wholesalers (GIRP). During this year, the overall sales turnover generated within EU-27 countries was valued at $180 billion. The Institute for Pharmaeconomic Research (IPF) concluded that over 703 million transactions took place between pharmaceutical full­line wholesalers, pharmacies and manufacturers every year within France, Germany, Italy, Spain, the Netherlands and the United Kingdom collectively.

However, the number of full-line wholesalers in the UK is decreasing due to a rise in the adoption of alternate distribution systems such as DTP and RWA.  The impending absence of full-line wholesalers is expected to increase the number of transactions to 97.9 billion per year, and result in unnecessary transportation and delays for doctors who desperately need medicines.

Logistical help has been prevalent in the pharma industry for several years, as Merck’s partnership with United Parcel Service (UPS) in 2003 set the scene for business collaborations. UPS agreed to provide distribution and logistics services in the US, and this was later extended internationally. UPS Inc. now manages the distribution, warehousing and transportation of medicines and vaccines manufactured by Merck in North America, and according to the new deal, the company is set to additionally provide distribution, warehousing and transportation services for Merck in some Asian countries and Latin America, and transportation in Europe. While Merck benefit from a comprehensive delivery service, UPS have secured an enormous contact, and work in the upcoming pharma powerhouses of China and Brazil. However, does this deal signify a loss of control for Merck, as aspects of their business are run by another company?

A study conducted by IPF in 2010 revealed that Spain had the highest involvement of full-line wholesalers in the pharmaceuticals supply chain process, with 96% of total turnover in the country, while the DTP and RWA models had a high market share of 25% in the UK. Whether these two differing approaches lead to disparity between the Europe’s quality of healthcare remains to be seen.

*Pharmaceutical Supply Chain in Europe - Adoption of Direct to Pharmacy (DTP) Model to Boost Efficiency and Optimize Pricing

This report provides an in-depth analysis on the current scenario of supply chain management. Key participants in the pharmaceutical supply chain in Europe are covered in the report as well as issues such as pricing, labeling, packaging, warehousing, logistics, and distribution.

This report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GBI Research’s team of industry experts.

Buy your copy of this report @ http://www.reportsnreports.com/reports/175787-pharmaceutical-supply-chain-in-europe-adoption-of-direct-to-pharmacy-dtp-model-to-boost-efficiency-and-optimize-pricing.html

More News

Initiating Rare Disease Drug Discovery Projects


Released On: 9/3/2012
Views: 3436

Organic Light Emitting Diodes (OLEDs): Technologies and Global Markets


Released On: 9/3/2012
Views: 3124

2012 China Synthesis Polypeptide Drug Industry Market Research Report


Released On: 8/31/2012
Views: 3858

The Future of Coal Fired Power Generation Technologies


Released On: 8/27/2012
Views: 2958

Global and China Polyurethane Industry Chain Report, 2011-2012


Released On: 8/27/2012
Views: 2139

UK Commercial Property Insurance 2012


Released On: 8/27/2012
Views: 2832

IP Multimedia Subsystem (IMS) Solutions and Market Opportunities


Released On: 8/23/2012
Views: 2993

Personal Accident and Health Insurance in Hong Kong, Key Trends and Opportunities to 2016


Released On: 8/23/2012
Views: 2018

Graphene: Technologies, Applications and Markets: ReportsnReports


Released On: 8/21/2012
Views: 2711

Supraventricular Tachycardia (SVT) Therapeutics - Pipeline Assessment and Market Forecasts to 2019


Released On: 8/16/2012
Views: 3351

2012 Market Research Report on China Reversing Camera System Industry


Released On: 8/16/2012
Views: 1968

2012 Market Research Report on China Child Safety Seat Industry


Released On: 8/16/2012
Views: 4217

ReportsnReports: Agricultural Biotechnology: Emerging Technologies and Global Markets


Released On: 8/14/2012
Views: 2093

Clothing and footwear retail market in Russia 2012


Released On: 8/14/2012
Views: 1913

Clothing and footwear retail market in Poland 2012: ReportsnReports


Released On: 8/14/2012
Views: 1797

Cement market in CIS countries 2012


Released On: 8/13/2012
Views: 2206

Personal Accident and Health Insurance in the Netherlands, Key Trends and Opportunities to 2016


Released On: 8/13/2012
Views: 2097

U.S. Indoor Air Quality Market


Released On: 8/13/2012
Views: 1945

Load More wait