IMS Health
Encyclopedia
IMS Health is an international company that supplies the pharmaceutical industry with sales data and consulting services. IMS Health was founded in 1954 by Bill Froch and David Dubow. Today IMS has operations in more than 100 countries, a global workforce of 7,600+ employees, and revenues of $2 billion. It recently moved its headquarters from Fairfield, CT
to Norwalk, CT
.
IMS also uses their own data to produce syndicated reports such as market forecasts. These predict how a market in a specific country or specific therapy area will change over time. This works through the production of baseline projections of sales and the application of different future events to this baseline to produce a forecast.
Fairfield, Connecticut
Fairfield is a town located in Fairfield County, Connecticut, United States. It is bordered by the towns of Bridgeport, Trumbull, Easton, Redding and Westport along the Gold Coast of Connecticut. As of the 2010 census, the town had a population of 59,404...
to Norwalk, CT
Norwalk, Connecticut
Norwalk is a city in Fairfield County, Connecticut, United States. According to the 2010 U.S. Census, the population of the city is 85,603, making Norwalk sixth in population in Connecticut, and third in Fairfield County...
.
Products
IMS collects pharmaceutical sales and prescription data from markets across the world. As of January 2007, they collect sales data from 75% of prescriptions in 100 countries. In the U.S. it is able to cover 90% of pharmaceutical sales. This allows IMS to cover over one million pharmaceutical products from over 3,000 companies.IMS also uses their own data to produce syndicated reports such as market forecasts. These predict how a market in a specific country or specific therapy area will change over time. This works through the production of baseline projections of sales and the application of different future events to this baseline to produce a forecast.
History
- The original name of the company was Intercontinental Marketing Services, hence the IMS moniker.
- IMS Health's corporate headquarters are located in NorwalkNorwalk, ConnecticutNorwalk is a city in Fairfield County, Connecticut, United States. According to the 2010 U.S. Census, the population of the city is 85,603, making Norwalk sixth in population in Connecticut, and third in Fairfield County...
, ConnecticutConnecticutConnecticut is a state in the New England region of the northeastern United States. It is bordered by Rhode Island to the east, Massachusetts to the north, and the state of New York to the west and the south .Connecticut is named for the Connecticut River, the major U.S. river that approximately...
. - The company's chief executive is Ari Bousbib.
- In 2001, IMS strengthened its consulting capabilities by acquiring Cambridge Pharma Consultancy, a privately held international firm that provides strategic advice to senior pharmaceutical management.
- In 2007 IMS was named 25 in The Business Week 50. This list represents companies that represent the "best in class" companies from the ten economic sectors that make up the S&P 500S&P 500The S&P 500 is a free-float capitalization-weighted index published since 1957 of the prices of 500 large-cap common stocks actively traded in the United States. The stocks included in the S&P 500 are those of large publicly held companies that trade on either of the two largest American stock...
. - In January 2008, IMS announced a 11% layoff of their workforce.
- In November 2009, IMS Health was purchased by TPG Capital and the CPP Investment BoardCPP Investment BoardUnder the direction of the then Canadian Finance Minister Paul Martin, the CPP Investment Board was created in 1997 as an organization independent of the government to monitor and invest the funds held by the Canada Pension Plan . In turn, the CPP Investment Board created the CPP Reserve Fund. The...
. - In 2012, IMS Consulting Group was rated as #2 in Vault's 'Pharmaceutical & Healthcare Consulting Companies' 2012 rankings.
Top 10 of the Market Research Sector 2009
| Rank | Company | Sales in 2009 (million USD) | Growth in % |
|---|---|---|---|
| 1 | Nielsen Company | 5,000.0 | 2.6 |
| 2 | Kantar Group Kantar Group Kantar, based in UK, was founded in 1993 as the Market Research, Insight and Consultancy Division of WPP plc, a London-based public company. It is a network of 13 specialist companies, with around 28,500 employees working in 100 countries across various research and consultancy disciplines... |
2,000 | 2.5 |
| 3 | IMS Health Inc. | 1,958.6 | 8.9 |
| 4 | GfK AG | 1,397.3 | 5.4 |
| 5 | Ipsos Ipsos Ipsos S.A. is a global market research company headquartered in Paris, France. The Company was founded in 1975 and has been publicly traded on the Paris Stock Exchange since 1 July 1999... |
1,077.0 | 6.5 |
| 6 | Synovate Synovate Synovate was a market research firm owned by the Aegis Group. It was formed from the acquisition of a number of smaller market research firms. It has a number of different divisions, such as Synovate Healthcare, Synovate Customer Experience, Synovate Censydiam and Motoresearch. They claimed... |
739.6 | 9.5 |
| 7 | IRI IRI IRI may refer to:* International Reference Ionosphere a common scientific project of URSI and COSPAR* International Roughness Index, a dimensionless quantity used for measuring road roughness, proposed as a world standard by the World Bank... |
665.0 | 6.6 |
| 8 | Westat Westat Westat is an employee-owned corporation providing research services to agencies of the U.S. Government, as well as businesses, foundations, and state and local governments.... |
425.8 | 0.8 |
| 9 | Arbitron | 400.0 | 5.9 |