Press release
Frost & Sullivan: Economic Downturn Compelled Pharmacists in the United States to Assume Additional Responsibilities
Pharmacists perceive themselves as having a strong say in patients’ purchase decisionsMOUNTAIN VIEW, Calif. – Nov. 14, 2011 – Pharmacists in the United States consider their roles challenging and dynamic, as they have evolved from mere product orientation (dispensing medicines) to patient focus (managing healthcare costs and disease states as well as patient counseling). The economic downturn has had much to do with this change in job profile, since pharmacists had to tackle additional tasks during that period. The increase in responsibilities left them with inadequate time to discharge their primary duties and has cut into their interaction time with patients.
New analysis from (http://www.pharma.frost.com) Frost & Sullivan Speaks Candidly with U.S. Pharmacists encompasses feedback provided by a healthcare pharmacist research panel consisting of 10 to 15 pre-selected participants. Questions posed to the pharmacist panel covered the following main topics: the role of the pharmacist, patient management services, pharmacy trends, information technology and applications, and future trends.
If you are interested in more information on this study, please send an email to Britni Myers, Corporate Communications, at britni.myers@frost.com, with your full name, company name, title, telephone number, company email address, company Web site, city, state and country.
“The slowdown has affected the number of pharmacists in the short term; however, their numbers are expected to grow by 17 percent between 2008 and 2018 from 269,900 to 315,800 pharmacists,” said a Frost & Sullivan Industry Analyst. “This is as a result of increased demands, such as PharmD requirements, for all pharmacists, patient care, and mail-order pharmacies.”
Additionally, pharmacists indicate that they are a trusted and authoritative influence on patients’ purchase patterns, especially for prescription and over-the-counter (OTC) drugs.
Pharmacists also claim that they are often considered medication experts and thereby, are viewed as important healthcare assets that are vital to improve medication safety. They even foresee a future where pharmacists will be able to prescribe.
“Pharmacists believe that impending trends in retail pharmacy include increased medication therapy management (MTM), volume, number of vaccinations offered, and consolidation through mergers and acquisitions,” said Frost & Sullivan Industry Manager Jennifer Brice. “They do not view Internet pharmacies as a threat to retail, as they believe they can generate footfalls through customer service.”
Frost & Sullivan Speaks Candidly with U.S. Pharmacists is part of the Pharmaceuticals & Biotechnology Growth Partnership Services program, which also includes research in the following markets: U.S. Rheumatoid Arthritis Market: Assessment of Biologics and New Treatments; U.S. Skin Cancer Market; U.S. Contract Research Outsourcing Market: Trends, Challenges and Competition in the New Decade; U.S. Asthma/COPD Market; and 2010 U.S. Type 2 Diabetes Patients Choice: Awareness, Usage and Preferences of Insulin Injection Pens; among others. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.
Frost & Sullivan Speaks Candidly with U.S. Pharmacists
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Contact:
Britni Myers
Corporate Communications – North America
P: 210.477.8481
F: 210.348.1003
E: britni.myers@frost.com
http://www.frost.com
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages 50 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 40 offices on six continents. To join our Growth Partnership, please visit http://www.frost.com.
Frost & Sullivan
7550 IH 10 West, Suite 400
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Britni Myers
210-477-8481
britni.myers@frost.com
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