NAICS Code 424210-14 - Pharmaceutical Products (Wholesale)

Marketing Level - NAICS 8-Digit

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NAICS CODE 424210-14
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NAICS Code 424210-14 Description (8-Digit)

The Pharmaceutical Products (Wholesale) industry involves the distribution of prescription and over-the-counter drugs, as well as other pharmaceutical products, to various healthcare providers such as hospitals, pharmacies, and clinics. This industry plays a crucial role in the healthcare system by ensuring that these products are readily available to those who need them.

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 Pharmaceutical Products (Wholesale) industry for day-to-day tasks and operations.

  • Automated dispensing systems
  • Barcode scanners
  • Cold chain packaging
  • Electronic health records (EHRs)
  • Inventory management software
  • Prescription verification systems
  • Radio-frequency identification (RFID) technology
  • Temperature monitoring devices
  • Track and trace systems
  • Warehouse management systems

Industry Examples of Pharmaceutical Products (Wholesale)

Common products and services typical of NAICS Code 424210-14, illustrating the main business activities and contributions to the market.

  • Antibiotics
  • Antidepressants
  • Antihistamines
  • Blood thinners
  • Chemotherapy drugs
  • Insulin
  • Pain relievers
  • Psychotropic drugs
  • Vaccines
  • Vitamins

History

A concise historical narrative of NAICS Code 424210-14 covering global milestones and recent developments within the United States.

  • The pharmaceutical products wholesale industry has a long and rich history dating back to the 19th century. In the early days, the industry was dominated by small, family-owned businesses that supplied drugs and other medical products to local pharmacies and hospitals. However, with the advent of mass production techniques and the rise of large pharmaceutical companies, the industry underwent a significant transformation. In the United States, the industry experienced a boom in the 1950s and 1960s, as new drugs and medical technologies were developed. In recent years, the industry has faced a number of challenges, including increased competition from generic drugs, rising healthcare costs, and regulatory pressures. Recent