医疗技术行业研究报告.pdfVIP

North America Equity Research 17 September 2010 Healthcare Technology Distribution Analyzing the Impact of Influenza on Distributors Retail Pharmacies In recent years, influenza has played an increasingly significant role in the overall Healthcare Distribution healthcare market, with seasonal flu vaccines expected to reach an all-time high Technology AC this season. An estimated 162.5 million doses of influenza vaccines are being Lisa C. Gill produced for the U.S. this year, up nearly 20% over the last comparable season in (1-212) 622-6466 2008-2009, which represents a $1.3B market for distributors. Influenza-related lisa.c.gill@ products are also a significant market for distributors and retail pharmacies. This Michael Minchak, CFA report provides an overview of influenza vaccine production and distribution as (1-212) 622-6506 well as the financial impact on the retail pharmacies and distributors we cover. michael.minchak@ Atif Rahim • Growing vaccine opportunity as CDC expands recommended age. For the (1-212) 622-6671 first time, the CDC is recommending everyone above the age of six months atif.a.rahim@ receive a flu vaccination (previously adults aged 19-49 were exempt). We J.P. Morgan Securities LLC expect the new recommendati