NAICS Code 424210-04 - Druggists-Sundries To The Trade (Wholesale)
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NAICS Code 424210-04 Description (8-Digit)
Hierarchy Navigation for NAICS Code 424210-04
Parent Code (less specific)
Tools
Tools commonly used in the Druggists-Sundries To The Trade (Wholesale) industry for day-to-day tasks and operations.
- Medical and surgical instruments
- Dental equipment and supplies
- Hospital equipment and supplies
- Veterinary drugs and supplies
- Prescription packaging and labeling equipment
- Prescription vials and bottles
- Prescription labels
- Prescription bags
- Prescription pill counters
- Prescription scales
Industry Examples of Druggists-Sundries To The Trade (Wholesale)
Common products and services typical of NAICS Code 424210-04, illustrating the main business activities and contributions to the market.
- Medical equipment and supplies
- Dental equipment and supplies
- Veterinary drugs and supplies
- Hospital equipment and supplies
- Prescription packaging and labeling equipment
- Prescription vials and bottles
- Prescription labels
- Prescription bags
- Prescription pill counters
- Prescription scales
Certifications, Compliance and Licenses for NAICS Code 424210-04 - Druggists-Sundries To The Trade (Wholesale)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- Good Manufacturing Practice (GMP): GMP certification ensures that the products are consistently produced and controlled according to quality standards. The certification is provided by the US Food and Drug Administration (FDA).
- Drug Enforcement Administration (DEA) Registration: DEA registration is required for businesses that handle controlled substances. The registration is provided by the US Drug Enforcement Administration (DEA).
- National Association Of Boards Of Pharmacy (NABP) Verified Pharmacy Program: The program ensures that the pharmacy meets the standards of pharmacy practice and patient safety. The certification is provided by the NABP.
- Occupational Safety and Health Administration (OSHA) Hazard Communication Standard: The standard ensures that the employees are informed about the hazardous chemicals in the workplace. The certification is provided by the OSHA.
- International Organization for Standardization (ISO) 9001:2015: The certification ensures that the company meets the quality management system standards. The certification is provided by the ISO.
History
A concise historical narrative of NAICS Code 424210-04 covering global milestones and recent developments within the United States.
- The "Druggists-Sundries To The Trade (Wholesale)" industry has a long history dating back to the early 19th century when the first wholesale drugstore was established in the United States. The industry has since grown to become an essential part of the healthcare system, providing a wide range of products such as prescription drugs, over-the-counter medications, medical devices, and other healthcare-related products. In recent years, the industry has seen significant advancements in technology, including the development of electronic health records, telemedicine, and other digital health solutions. These advancements have helped to improve patient outcomes and reduce healthcare costs. In the United States, the industry has faced several challenges in recent years, including the opioid epidemic, rising healthcare costs, and increased competition from online retailers. Despite these challenges, the industry has continued to grow, driven by an aging population, increasing demand for healthcare services, and the growing prevalence of chronic diseases. The industry has also seen significant consolidation, with larger companies acquiring smaller ones to gain a competitive advantage. Overall, the "Druggists-Sundries To The Trade (Wholesale)" industry has a rich history and continues to play a critical role in the healthcare system.
Future Outlook for Druggists-Sundries To The Trade (Wholesale)
The anticipated future trajectory of the NAICS 424210-04 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Stable
The future outlook for the Druggists-Sundries To The Trade (Wholesale) industry in the USA is positive. The industry is expected to grow due to the increasing demand for pharmaceuticals and medical supplies. The aging population in the US is driving the demand for healthcare products, which is expected to increase the demand for the industry's products. Additionally, the COVID-19 pandemic has increased the demand for medical supplies, which has positively impacted the industry. The industry is also expected to benefit from the increasing trend of online sales of pharmaceuticals and medical supplies. However, the industry may face challenges due to the increasing competition and the changing regulatory environment. Overall, the industry is expected to grow in the coming years.
Industry Innovations for NAICS Code 424210-04
Recent groundbreaking advancements and milestones in the Druggists-Sundries To The Trade (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.
- Introduction Of New Medical Devices: The industry has seen the introduction of new medical devices, such as wearable medical devices, which are used to monitor patients' health. These devices are expected to improve patient outcomes and reduce healthcare costs.
- Increased Focus on Personalized Medicine: The industry is increasingly focusing on personalized medicine, which involves the customization of medical treatments based on a patient's genetic makeup. This approach is expected to improve patient outcomes and reduce healthcare costs.
- Adoption Of Blockchain Technology: The industry is adopting blockchain technology to improve the supply chain management of pharmaceuticals and medical supplies. This technology is expected to increase transparency and reduce the risk of counterfeit products.
- Increased Use Of Telemedicine: The industry is seeing an increased use of telemedicine, which involves the use of technology to provide remote medical care. This approach is expected to improve patient access to healthcare and reduce healthcare costs.
- Growing Trend Of E-Commerce: The industry is experiencing a growing trend of e-commerce, which involves the online sale of pharmaceuticals and medical supplies. This trend is expected to increase the industry's reach and improve customer convenience.
NAICS Code 424210-04 - Druggists-Sundries To The Trade (Wholesale)
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