COVID-19 Impact On Global healthcare distribution market Showing tremendous Growth With Top Players McKesson Corporation, Cardinal Health, AmerisourceBergen Corporation, Owens & Minor, Inc
Healthcare distribution is a concept of providing different care services like drugs, diagnostic test and other facilities to the patients. Healthcare system is very useful as it help people to stay healthy. Pharmaceutical product distribution, medical device distribution service, biopharmaceutical distribution service are some of the common types of the healthcare distribution. Today, healthcare industry is using many different technologies and developments to expand healthcare industry and to provide better facilities to the patients.
Global healthcare distribution market is expected to rise to an estimated value by, registering a substantial CAGR of 6.75% in the forecast period of 2019-2026. Increasing cases of infectious diseases and adoption of track and trace solutions is the major factor driving the market growth.
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Key Market Competitors:
Few of the major competitors currently working in the global healthcare distribution market are McKesson Corporation, Cardinal Health, AmerisourceBergen Corporation, Owens & Minor, Inc., Morris & Dickson Co. L.L.C., Express Scripts Holding Company, FFF Enterprises, Inc., Medline Industries, Inc., Attain Med., Dakota Drug, Inc., Express Scripts Holding Company, Patterson Companies, Inc., Mutual Drug, Redington, Accord-UK Ltd., Phoenix Medical Systems (P) Ltd., Biotron Healthcare, OrbiMed Advisors LLC, ALLIANCE UNICHEM IP LIMITED and TTK HealthCare among others.
Global healthcare distribution market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of healthcare distribution market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Global Healthcare Distribution Market By Type (Pharmaceutical Product Distribution Services, Medical Device Distribution Services, Biopharmaceutical Product Distribution Services), End- Users (Retail Pharmacies, Hospital Pharmacies, Other End User), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) - Industry Trends & Forecast to 2026
Rising chronic diseases among population will drive the market growth
Increasing R&D investment in new drug development is another factor driving the growth of this market
Growth of medical devices industry will also contribute as a driver for this market
Increasing importance of generics is boosting growth of the market
High price of the drug is restraining the growth of this market
Strict government regulations related to the drug development will also hamper the growth of this market.
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Key Developments in the Market:
In January 2019, Generex Biotechnology Corporation announced the acquisition of Medisource Partners. This acquisition will give Generex access to Medisource business operation, contracts and real estate, accounts receivable and inventory etc. The major target of this acquisition is to increase their revenue and strengthen their position in the market by offering better surgical and biological products. It will also assist the company to expand their MSO business
In June 2018, McKesson Corporation (MCK) announced that they have acquired Medical Specialties Distributor (MSD) which is a part of the changes in healthcare supply and device distribution. This acquisition will help the McKesson to provide improved solutions to the growing pharmaceutical market
Reasons to Purchase this Report
Current and future of global healthcare distribution market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
Regions/Countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:
All segmentation provided above in this report is represented at country level
All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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