Henry Schein 2006 Annual Report Download - page 12

As baby boomers, the most educated
and affluent generation in history,
continue to age, they are willing to
spend more money on their health. At
the same time, advances in healthcare
technology are helping physicians to
meet their patients’ desires to remain
healthier longer.
As a result of these converging trends,
demand for physician and clinical
services continues to increase in
developed countries around the world.
Diagnostic tests, screenings and other
elective surgical procedures are moving
from hospitals to physicians’ offices or
alternate-care settings. In fact, 63%
of all surgeries in the United States
are now performed as outpatient
procedures.
Henry Schein’s Medical Group is well
positioned to serve physician customers
affected by this shift. The Group
currently serves approximately 45% of
the estimated 250,000 U.S. office-based
physician practices, surgical centers and
other alternate-care sites, and holds
approximately 17% of the estimated
$8.5 billion medical and veterinary
distribution market.
In 2006, the Group added Darby
Medical Supply, which supplies medical
supplies and pharmaceutical products,
including generic drugs, branded drugs
and vaccines, to medical practices
across the United States.
We offer our medical customers a
selection of approximately 35,000
products in stock and many more as
special-order items.
In addition, we are a leading supplier
of vaccines, injectables and other
pharmaceuticals to physicians and
alternate-care sites, providing our
customers with influenza, tetanus/
diphtheria toxoid, pneumonococcal and
many other vaccines. And we are
pleased to offer formulary plans to
many of the leading medical
professional associations, such as the
American Medical Association, the
American Society of Plastic Surgeons,
the American Academy of Dermatology,
and the American Academy of
Ophthalmology.
Providing Physicians With Products
To Meet Growing Demand
10
HENRY SCHEIN