IQVIA Reports Pharmacy Industry Trends at NACDS Regional Conference

In a session at the Countrywide Association of Chain Drug Shops Regional Conference 2023 in Orlando, Florida, Scott Biggs, director of Supplier Solutions at IQVIA, and Doug Extended, vice president of Field Relations at IQVIA, shared up-to-date details in the pharmacy field.

They also highlighted pharmacy forecasts, problems, and traits in demographic marketplaces and gross sales for 2023.

“You cannot go any place in America today without having chatting about cold, flu, [respiratory syncytial virus] (RSV), COVID-19,” Long stated in the course of the session.

They began by highlighting details associated to the popular chilly, COVID-19, flu and the cold respiratory syncytial virus. All cold and flu-like signs have been at an all-time higher for the 2022-2023 flu time, as of January 14, 2023, but by December 17, 2022, the numbers began to decrease.

As these quantities start out to lower, so does the amount of chilly and flu products and solutions that are acquired around the counter. The figures are now in a gradual decline for each adults and children.

The range of fatalities from COVID-19 are nonetheless declining, as nicely as United States weekly COVID-19 deaths, according to the Globe Health Organization.

Global scenarios of COVID-19 also continue on to drop.

All through the presentation, Biggs and Extended reported that a wide greater part of all vaccines ended up administered in pharmacies, alternatively than physicians’ workplaces.

For marketplace developments, identified by professional medical exercise and promises, overall health process use operated at virtually pre-COVID-19 concentrations.

Cumulative institutional statements have been flat about 2022, but office pay a visit to statements greater around 2021 degrees, according to the presenters.

In general, telemedicine began to gradual through 2022 in contrast with 2021. As COVID-19 enters the endemic section, prognosis visits have switched back again to in-particular person from telemedicine visits, with asthma diagnoses at 10{1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b} and 7{1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b} and awareness deficient/hyperactivity disorder (ADHD) at 16{1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b} and 5{1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b}, respectively.

Even further, for ADHD, the variety of prescriptions has improved due to the fact the beginning of the pandemic.

“The specialty spend is up to double digits the common commit is about the mid-single digits,” Biggs stated. “Now this modify would’ve transpired a few a long time in the past, apart from the COVID-19 vaccines came together the way, and people were conventional goods.”

Specialty treatment has grown to about 55{1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b} of net paying, which is up by 28{1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b} due to the fact 2011.

Most of the specialty medications market place is pushed by autoimmune and oncology.

Immunology has grown by $16.7 billion, and oncology grew by $9.4 billion from September 2021 to September 2022, in accordance to the presenters.

Specialty medication has also grown across retail, mail-purchase, and non-retail pharmacies.

“Eighty-4 {1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b} of [retail] enterprise on a greenback foundation is traditional, and the rest of it, at 16{1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b} or so, is specialty,” Biggs stated. “Mail [order]: 83{1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b} of their organization is specialty, and 17{1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b} is conventional.”

Retail specialty pharmacy is mostly HIV medicines, Biggs explained, introducing that it is adopted by immunology, psychological well being, and oncology.

The introduced described that fentanyl continues to be the major trigger of opioid deaths, although deaths linked to prescription opioids have been declining.

“This is an spot that I really experience this marketplace has performed a great work in managing what occurs to these opioids,” Very long said.

Additionally, the presenters claimed that the number of item launches in 2022 was down when compared with earlier several years and the pipeline has developed with new goods around the earlier 5 yrs, with oncology major the way.

Ultimately, they concluded that the function of the pharmacist is however rapidly increasing.


Biggs S, Extensive D. US pharmaceutical tendencies, problems, & outlook. Offered at: Countrywide Affiliation of Chain Drug Outlets Regional Conference 2023. Orlando, FL. January 30, 2023.

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