Pharmacy Trends

As we continue our journey into this year, the pharmacy landscape will continue to see new opportunities and challenges for pharmacies. Keeping up with what trends are emerging can be a key factor in maintaining success while delivering the highest care to your patients.

Read on to be knowledgeable about key health shifts shaping the market and learn insights that might become the next big thing for your pharmacy. Each week this month we will highlight and focus on a new trend to keep you up to date!

Clinical Services Are Trending

Your pharmacy services should be able to keep up with the patient’s expectations to not only get medications and vaccines, but so much more. This is where clinical and niche services can come into play as an essential part of your operations. Your patients can have access to specialized services that appeal to a more specific health demographic, as well as niche services they can’t find at other pharmacies.

The growth in demand for clinical services displays how patients view an average pharmacy vs a pharmacy who offers more services to account for their specialized needs. This isn’t just the pharmacy where they can go to pick up medications, it’s become an all-out healthcare destination where patients can go for a variety of health needs for themselves, their family, and sometimes their pets too!

Business Quote

“A pharmacist’s expertise and attention to detail can make a significant impact on patient outcomes.” 

This quote reflects that taking the step to keep up with emerging trends and offering services other pharmacies don’t, displays your devotion as a pharmacist to deliver excellent care while having a positive impact on your patient’s healthcare experience.

Pharmacy News

1. APC News Feed | Stay Updated on Pharmacy Compounding

2. Pharma Industry - Latest News, Investigations and Analysis - WSJ.com

3. Exploring the World of Niche Drugs in Pharma

Business Lesson from Emerging Trends

Something to note from this topic is that as chains and online pharmacies continue to consolidate, independent pharmacies face increasing pressure to distinguish themselves. The brighter side of things is that community focused care will always be here to stay. Highlighting your specialty and niche services is an adaptive approach to standing out among other pharmacies. Whether it’s compounding, pet medications, or wellness products, these services help you stand out in the market space. Providing services customized to your community’s distinct needs will resonate with your patients and create repeat customers.

Book Recommendation

As pharmaceutical compounding continues to grow, so does the need for a comprehensive book containing the information required for becoming a compounding pharmacist and for establishing a compounding pharmacy.  

The Art, Science, and Technology of Pharmaceutical Compounding by Lloyd V Allen