Albany, NY -- (SBWIRE) -- 04/01/2014 -- Specialty pharmaceuticals are defined as a new, rapidly growing drugs and biologics that are manufactured as a result of continued advancements in drug technology and design. These pharmaceuticals are specialized, high cost products which can be difficult to administer and may require patient monitoring. Specialty pharmaceuticals are utilized as complex therapies for complex chronic diseases such as cancer, hemophilia, multiple sclerosis, HIV, hepatitis C, apart from others. Some of the specialized drugs that are used for treating such conditions meet all the three H’s: High Cost, High Complexity and High Touch and they require extensive education for safe and cost-effective use. The specialty pharmaceuticals are mostly injectable or infused medicines but may also encompass oral medications.

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Specialty pharmacy is a special class of provider that are primarily responsible for distributing and dispensing the pharmaceutical as specialty pharmaceutical require specialized shipping and temperature-controlled storing and handling. Specialty pharmacy can be owned by stand-alone companies or large pharmacy chains. However, some drug wholesalers are also capable of shipping the specialty pharmaceuticals. There exists a substantial incentive for companies to research and develop products that address the unmet need of the patients as the specialty pharmaceutical market has the ability to sustain the high cost of these products thereby additionally offering a business perspective for the biopharmaceutical companies.

The key factors driving growth of the US specialty pharmaceutical industry include accelerating US aging population, ameliorating economic condition, increased life expectancy, and increasing healthcare expenditure. Some of the noteworthy trends and developments of this industry include rising Medicare enrollment, novel specialty products in pipeline, conversion of patents to generic drugs, increased spending on specialty drugs and ongoing merger & acquisition activities. However, the growth of the industry is being hindered by lack of rigorous clinical trials, sluggish pace of innovation and inappropriate use of therapeutic drugs.

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Table of Content

1. Overview
1.1 Specialty Pharmaceuticals Vs Traditional Drugs
1.2 Applications of Specialty Pharmaceuticals
1.3 Specialty Pharmacy Services
1.3.1 Packaging and Delivery Services
1.3.2 Reimbursement Services
1.3.3 Inbound and Outbound Clinical Support
1.3.4 Compliance and Persistence Program
1.4 Specialty Product Distribution

2. Market Size
2.1 Pharmaceutical Market
2.1.1 Global Analysis
2.1.2 Regional Analysis
2.2 The US Specialty Pharmaceutical Market
Market Value
Traditional Vs Specialty
Sales by Customers
Sales by Dispensing Channels
2.2.1 The US Specialty Pharmaceutical Market by Therapeutic Area
2.2.2 Specialty Pharmacy in the US

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3. Market Dynamics
3.1 Growth Drivers
3.1.1 Accelerating US Aging Population
3.1.2 Increasing Life Expectancy Rate in the US
3.1.3 Rising Incidences of Complex Chronic Diseases
3.1.4 Rising Pharmaceutical Sales
3.1.5 Healthcare Reforms
3.1.6 Escalating Healthcare Expenditure in the US

4. Competitive Landscape
4.1 Competition by Drugs
4.2 Competition by Mail Pharmacy
4.3 Competition by Specialty Distributor

5. Company Profiles
5.1 Novo Nordisk
5.1.1 Business Overview
5.1.2 Financial Overview
5.1.3 Business Strategies
Focus on Product Innovation
Establishing Presence in Obesity & Inflammation Treatments

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