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Global Healthcare Distribution Market Size, Trends & Analysis - Forecasts To 2026 By Type (Pharmaceutical Product Distribution Services, Medical Device Distribution Services, Biopharmaceutical Product Distribution Services), By End User (Retail Pharmacies, Hospital Pharmacies, Others), By Region (North America, Europe, Asia Pacific and Rest of the World); Vendor Landscape, End User Landscape and Company Market Share Analysis & Competitor Analysis
Healthcare Distribution Market: Insights
The global healthcare distribution market is estimated to witness a significant CAGR during the forecast period (2020-2026). The growth of the market is anticipated to increase due to the growing demand for prescription drugs, along with increasing specialty drug dispensing. The worldwide market for healthcare distribution involves the storage and transportation of pharmaceutical products from production units to the wholesalers, patients, and hospitals. Manufacturers of pharmaceutical goods share strong ties with the suppliers of 3PL to allow the uptake of effective reasonably priced metrics. Moreover, increasing in incidence of chronic diseases, the growing importance of generics, and the rise in adoption of track & trace are some of the factors expected to drive the market growth. However, the price volatility for market players is one of the major factors hampering the market growth.
Healthcare Distribution Market: By Type
Based on type, the global healthcare distribution market is segmented into pharmaceutical product distribution services, medical device distribution services, and biopharmaceutical product distribution services. The pharmaceutical distribution market is projected to hold the largest market share during the forecast period due to the growing production of pharmaceutical formulations, and rise in pharmaceutical R&D expenditure. Moreover, increasing the promotion of self-medication, rising access to OTC drugs, awareness on precautionary care, and health concerns, are some of the factors expected to propel the market growth. Increasing incidence of cancer, rising investments in the R&D of monoclonal antibodies, technological advancements in genetic sequencing and target gene selection, and the growing preference for monoclonal antibodies drives the growth of the market.
Healthcare Distribution Market: By End User
Based on end-user, the market is segmented into Retail Pharmacies, and Hospital Pharmacies, among others. The retail pharmacies segment is expected to hold the largest market share during the forecast period.
Healthcare Distribution Market: By Region
Based on region, the global healthcare distribution market is segmented into North America, Europe, Asia Pacific, Central & South America, and the Middle East & Africa. North America is projected to hold the market share during the forecast period due to the growing incidence of chronic diseases, increasing government focus on generic drugs, rising demand for biologics and specialty drugs, are some of the drugs expected to drive the market growth. Moreover, the growing presence of advanced healthcare infrastructure is one of the significant factors to propel the market growth in the region. However, Asia Pacific is expected to grow at a high CAGR during the forecast period. The growing regulatory requirements in the healthcare industries of several Asia-Pacific countries to maintain compliance with good manufacturing and distribution practices and the growing number of pharmaceutical and biotechnology companies drive the substantial growth of the market. China and India are the fastest-growing markets in this region majorly due to the expanding pharmaceutical industries in these countries.
Healthcare Distribution Market: Share & Competitor Analysis
Some of the key players operating in the healthcare distribution market include: McKesson Corporation, Cardinal Health, Inc. AmerisourceBergen Corporation, Owens & Minor, Inc., Morris & Dickson Co. L.L.C., Curascript Specialty Distribution, FFF Enterprises, Inc., Medline Industries, Attain Med, Inc., and Dakota Drug, PHOENIX Group, and CuraScript SD, among others.
Please note: This is not an exhaustive list of companies profiled in the report.
Healthcare Distribution Market: By Type
Healthcare Distribution Market: By End User
Healthcare Distribution Market: By Region
The global Healthcare Distribution Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Healthcare Distribution Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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