Rising incidences of chronic diseases, advancements in healthcare services, and increasing life style-related diseases such as obesity are some key factors expected to drive market growth
According to Emergen Research, the global healthcare distribution market size was USD 808.13 billion in 2020 and is expected to reach USD 1,384.59 billion in 2028 and register a revenue CAGR of 7.0% during the forecast period, 2021-2028.
Healthcare institutions rely on distributors to get significant amounts of goods from manufacturers in order to improve supply chain efficiency, cost savings, and safety. Therefore, healthcare industry’s supply chain relies heavily on distribution. Surge in medical equipment and medicine production, especially during COVID-19 pandemic, has significantly contributed to market revenue growth. Equipment and medicine firms can effectively supply their commodities to various hospitals and other health care organizations if they have a strong distribution operation and this has further boosted demand for robust healthcare distribution solutions.
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Further, governments in developing countries are increasingly focusing on healthcare infrastructure for improving health outcomes and meeting international commitments to make medical services widely available. Research advances have resulted in the development of advanced technologies and effective medications for the treatment of complicated or rare chronic illnesses. This has further boosted demand for specialty drugs and biopharmaceuticals which has been opening up new and more lucrative opportunities for pharmaceutical distributors and is expected to drive market revenue growth over the forecast period. In addition, growing demand for enhanced distribution centers to tackle these logistical issues to transport specialist products safely and securely is leading to innovations in healthcare distribution systems and is expected to further fuel revenue growth of the market going ahead.
However, high cost of medicines and pharmaceutical products in healthcare industry and unfavorable policies on the development of new drugs can hamper market growth to a certain extent over the forecast period.
COVID-19 Impact Analysis
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Pharmaceutical Product Distribution Services Segment Revenue to Expand at a Rapid CAGR:
Pharmaceutical product distribution services segment is expected to register a rapid revenue CAGR over the forecast period attributed to rising government and private investments on R&D activities for the development of new and effective pharmaceutical products to combat serious illness and increasing adoption of robotics to reduce warehouse operational cost and boost supply chain transparency.
Retail Pharmacies Segment to Register Significant Revenue Growth:
Retail pharmacies segment is expected to register significant revenue growth over the forecast period due to wide scale availability of health services in retail pharmacies, availability of cost effective technologies leading to timely delivery of mail order pharmacies.
North America to Account for Largest Revenue Share:
North America is expected to account for largest revenue share in the global market over the forecast period due to rapid adoption of advanced technologies such as blockchain and Artificial Intelligence (AI) to boost supply chain, large number of clinical trials, and rising number of patients suffering from chronic diseases like obesity, diabetes, and cardiovascular diseases. Further, advanced healthcare infrastructure, and increasing investments by biotechnology companies on research activities is expected to further drive market growth in the region.
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Major Companies in the Market Include:
- McKesson Corporation
- Cardinal Health
- AmerisourceBergen Corporation
- Owens & Minor
- Morris & Dickson Co.
- CuraScript SD
- FFF Enterprises, Inc.
- Medline Industries
- Attain Med, Inc.
- Dakota Drug.
For the purpose of this report, Emergen Research has segmented the global healthcare distribution market based on type, end-use, and region:
Type Outlook (Revenue, USD Billion; 2018–2028)
- Medical Device Distribution Services
- Biopharmaceutical Product Distribution Services
- Monoclonal Antibodies
- Blood and Blood Products
- Recombinant Proteins
- Pharmaceutical Product Distribution Services
- Generic Drugs
- OTC Drugs
- Brand Name or Innovator Drugs
End-Use Outlook (Revenue, USD Billion; 2018–2028)
- Hospital Pharmacies
- Retail Pharmacies
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Regional Outlook (Revenue, USD Million; 2018–2028)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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