NAICS Code 425120-47 - Drug Brokers (Wholesale)

Marketing Level - NAICS 8-Digit

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Total Verified Companies: 8
Contact Emails: 204
Company Websites: 8
Phone Numbers: 8
Business Addresses: 8
Companies with Email: 3
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NAICS CODE 425120-47
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NAICS Code 425120-47 Description (8-Digit)

Drug Brokers (Wholesale) are companies that act as intermediaries between drug manufacturers and pharmacies, hospitals, and other healthcare providers. They purchase prescription drugs in bulk from manufacturers and then sell them to healthcare providers at a markup. Drug Brokers (Wholesale) do not take ownership of the drugs they sell, but rather act as agents for the manufacturers. They are responsible for ensuring that the drugs they sell are safe and effective, and that they are properly labeled and packaged.

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 425120 page

Tools

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

  • Inventory management software
  • Order management software
  • Customer relationship management (CRM) software
  • Electronic data interchange (EDI) software
  • Barcode scanners
  • Shipping and logistics software
  • Quality control software
  • Financial management software
  • Drug pricing databases
  • Drug information databases

Industry Examples of Drug Brokers (Wholesale)

Common products and services typical of NAICS Code 425120-47, illustrating the main business activities and contributions to the market.

  • Pharmaceutical wholesalers
  • Prescription drug distributors
  • Medical supply wholesalers
  • Healthcare product distributors
  • Drug importers
  • Drug exporters
  • Drug repackagers
  • Drug relabelers
  • Drug reprocessors
  • Drug compounders

History

A concise historical narrative of NAICS Code 425120-47 covering global milestones and recent developments within the United States.

  • The "Drug Brokers (Wholesale)" industry has a long history dating back to the early 20th century when the first drug wholesalers emerged in the United States. These wholesalers were responsible for buying large quantities of drugs from manufacturers and selling them to pharmacies, hospitals, and other healthcare providers. In the 1950s, the industry experienced significant growth due to the introduction of new drugs and the expansion of the healthcare sector. The industry continued to grow in the following decades, with the emergence of new players and the consolidation of existing ones. In recent years, the industry has faced challenges due to increased competition, regulatory changes, and the rise of e-commerce. However, it remains an essential part of the healthcare supply chain, providing critical services to healthcare providers and patients. In the United States, the "Drug Brokers (Wholesale)" industry has undergone significant changes in recent years. One of the most notable developments has been the consolidation of the industry, with a few large players dominating the market. This consolidation has been driven by a range of factors, including increased competition, regulatory changes, and the need for economies of scale. Another key trend has been the rise of e-commerce, which has disrupted traditional distribution channels and created new opportunities for wholesalers. Despite these challenges, the industry has continued to grow, driven by the increasing demand for healthcare services and the introduction of new drugs and therapies. Overall, the "Drug Brokers (Wholesale)" industry is poised for continued growth in the coming years, as healthcare providers and patients continue to rely on wholesalers to provide critical drugs and medical supplies.