Global Healthcare Distribution Market Growth Analysis, Development Status and Outlook, Applications-Forecasts To 2027
Research Reports
May 21, 2021
Healthcare distribution is defined as the concept of providing different care services such as drugs, diagnostic test and other facilities to the patients. Healthcare system is very essential as it helps people to stay healthy. Healthcare distribution classified into some common types such as Pharmaceutical product distribution, medical device distribution service, and biopharmaceutical distribution services. Today, healthcare industry is using many different technologies & developments to expand healthcare industry and to offer better facilities to the patients.
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Market Restraints
Stringent government rules and regulations related to the drug development is the major restraint which may hamper the growth of global healthcare distribution market growth during this forecast period. Further, high cost of drug is expected to hinder the global healthcare distribution market growth.
Key Players
The prominent players operating in the global healthcare distribution market are Cardinal Health, AmerisourceBergen Corporation, McKesson Corporation, Owens & Minor, Inc., KeySource Medical, Inc., Morris and Dickson Co., LLC, Rochester Drug Cooperative, Inc., Smith Drug Company, Henry Schein Inc., Patterson Companies Inc., etc. Some of the key developments in the healthcare industry which is expected to boost the global healthcare distribution market growth. For instance, in May 2019, McKesson has renovated its CVS Health allocation contract by 2023. The aim of this renovation is to reinforce its market position, the company focuses on innovation in current goods & solutions. Furthermore, in April 2019, Cardinal Health partnered with PANTHERx Specialty Pharmacy, USA to strengthen its cell & gene therapy facilities by co-ordinated distributed suite of specialty facilities, third-party logistics service, and specialty pharmacy delivery services.
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Market Taxonomy
By Type
- Pharmaceutical Product Distribution Services
- Medical Device Distribution Services
- Biopharmaceutical Product Distribution Services
By Distribution Channel
- Retail Pharmacies
- Hospital Pharmacies
- Others
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Regional Analysis
The Global Healthcare Distribution Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The North America region dominated the healthcare distribution market due to its strong foothold in healthcare sector as well as rapid adoption of new & advanced technologies in the market. The market is also anticipated to maintain its dominance throughout the forecast period, owing to its continuous involvement and development in healthcare industry.
Moreover, the Asia Pacific market is estimated to grow at the highest CAGR over the forecast period due to the increasing regulatory requirements in the healthcare industries of several APAC countries to maintain compliance with good manufacturing & distribution practices and the growing number of pharmaceutical & biotechnology companies in this region. China & India are the fastest-growing markets in the region majorly due to the expanding pharmaceutical industries in these countries and the implementation of stringent regulations to improve the quality & reliability of pharmaceutical drugs.
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