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Healthcare Distribution Market Analysis: Predicted Growth, Trends, and Applications by 2032 || McKesson Corporation, AmerisourceBergen Corporation, Cardinal Health Inc., Owens & Minor Inc
Healthcare Distribution Market
The Business Research Company's Healthcare Distribution Global Market Report 2023 identifies the rise of the medical device industry is the major driver for the healthcare distribution market's growth in the forecast period. The medical device industry is comprised of companies that develop, manufacture, and distribute the technologies, devices, diagnostic tests, and health information systems that are transforming health care through earlier disease detection and less invasive procedures. The medical devices manufactured by the medical device industry are required to be distributed to healthcare facilities, thereby promoting the healthcare distribution market. For instance, in February 2022, according to the India Brand Equity Foundation (IBEF), an India-based government brand equity foundation, the medical device market in India is expected to reach $ 50 billion in 2025, an increase of a 37% CAGR from $10.36 billion in 2020.
The global healthcare distribution market size grew from $1007.39 billion in 2022 to $1093.7 billion in 2023 at a compound annual growth rate (CAGR) of 8.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the healthcare distribution market is expected to grow to $1516.88 billion in 2027 at a CAGR of 8.5%.
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Major competitors in the healthcare distribution market are McKesson Corporation, AmerisourceBergen Corporation, Cardinal Health Inc., Owens & Minor Inc., Morris and Dickson Co. LLC, KeySource Medical Inc., Rochester Drug Cooperative Inc., Henry Schein Inc., Smith Drug Company, FFF Enterprises Inc., Patterson Companies Inc., Mutual Drug, Shanghai Pharmaceutical Group Co. Ltd., Medline Industries LP.
A key trend in the healthcare distribution market introducing technological advancement. Major companies operating in the healthcare distribution sector are focused on technological advancements to reinforce their position and meet consumer demand. For instance, in May 2020, Zipline, a US-based start-up providing unmanned aerial vehicles (UAV), launched services for the delivery of personal protective gear and medical equipment using drones in the US. The company is also conducting drone delivery of medicines in Rwanda and intends to launch the service in other African countries.
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The global healthcare distribution market is segmented -
1) By Type: Pharmaceutical Product Distribution Services, Biopharmaceutical Product Distribution Services, Medical Device Distribution Services
2) By End User: Retail Pharmacies, Hospital Pharmacies, Other End-Users
3) By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the healthcare distribution market.
The Business Research Company's "Global Healthcare Distribution Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Healthcare Distribution Market Include:
1. Executive Summary
2. Healthcare Distribution Market Characteristic
3. Healthcare Distribution Market Trends And Strategies
4. Healthcare Distribution Market - Macro Economic Scenario
5. Healthcare Distribution Market Size And Growth
……………
27. Healthcare Distribution Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Healthcare Distribution Market
29. Healthcare Distribution Market Future Outlook And Potential Analysis
30. Appendix
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