NAICS Code 424210-10 - Medicines-Patent (Wholesale)

Marketing Level - NAICS 8-Digit

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  • Industry Codes (Primary and Secondary SIC & NAICS Codes)
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  • Employee Count
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Looking for more companies? See NAICS 424210 - Drugs and Druggists' Sundries Merchant Wholesalers - 2,531 companies, 189,287 emails.

NAICS Code 424210-10 Description (8-Digit)

The Medicines-Patent (Wholesale) industry involves the wholesale distribution of patent medicines, which are proprietary medicines that are protected by a patent. These medicines are typically sold over-the-counter and are used to treat a range of common ailments such as headaches, colds, and allergies. Companies in this industry purchase patent medicines from manufacturers and then distribute them to retailers such as pharmacies, drug stores, and supermarkets.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 424210 page

Tools

Tools commonly used in the Medicines-Patent (Wholesale) industry for day-to-day tasks and operations.

  • Inventory management software
  • Order management software
  • Warehouse management software
  • Barcode scanners
  • Pallet jacks
  • Forklifts
  • Shipping labels
  • Packing tape
  • Bubble wrap
  • Pallets

Industry Examples of Medicines-Patent (Wholesale)

Common products and services typical of NAICS Code 424210-10, illustrating the main business activities and contributions to the market.

  • Cold and flu medicine
  • Allergy medicine
  • Pain relief medicine
  • Digestive health medicine
  • Sleep aids
  • Vitamins and supplements
  • Eye drops
  • Nasal sprays
  • Cough drops
  • Antacids

History

A concise historical narrative of NAICS Code 424210-10 covering global milestones and recent developments within the United States.

  • The "Medicines-Patent (Wholesale)" industry has a long and rich history worldwide. The first patent medicine was created in the 17th century, and by the 19th century, the industry had grown significantly. In the United States, the industry saw a boom in the late 1800s with the introduction of mass-produced medicines. In the early 20th century, the industry faced significant regulation, including the Pure Food and Drug Act of 1906, which required accurate labeling of medicines. In the mid-20th century, the industry saw the introduction of antibiotics and other groundbreaking medicines. In recent years, the industry has faced challenges such as rising drug prices and the opioid epidemic.