Today the pharmaceutical industry invests to best manage the pipeline serving the United States. Ownership of the pipeline is the key to continuous profits. The market is controlled through timely acquisitions.
The most disruptive process for the pharmaceutical industry would involve lower cost imported drugs. This is not a simple store front that imports a few medications from Canada. This is the development and implementation of a digital platform - a pharmacy market that serves individual citizens of the United States.
This is needs based distribution where individual citizens shop online with medication providers throughout the globe. The scariest part of this is the low cost at which consumers could receive their drugs.
This would create niche markets for managing safety within the newly operating digital medication market place. Your medical doctor still performs the assessment and prescribes the medication , the consumer has an opportunity to buy the medication and have it delivered through an online digital marketplace.
Health insurance plans would rapidly adjust their formulary for covered medications. Low out of pocket cost medications would be removed from the formulary and consumers would buy them directly.
Current regulation effectively manages competition while supporting generous revenue for the pharmaceutical business participants. True disruption would involve leveraging technology to facilitate direct consumer access to imported lower cost drugs.
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