Categories: Healthcare

Healthcare Distribution Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope

Healthcare distribution refers to the distribution of supplies to healthcare facilities. It also includes the secure and efficient provision of medication to the patients at the precise time and in a cost-effective manner.

Sizing and Forecast
The healthcare distribution market size has grown strongly in recent years. It will grow from $1122.79 billion in 2023 to $1225.18 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to expanding healthcare infrastructure, aging population, regulatory compliance, globalization of pharmaceuticals, supply chain optimization.

The healthcare distribution market size is expected to see strong growth in the next few years. It will grow to $1774.44 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to telehealth and remote monitoring, personalized medicine, value-based care, supply chain resilience, sustainability and environmental impact. Major trends in the forecast period include cold chain logistics, e-commerce and direct-to-consumer (dtc), medical device tracking and traceability, data-driven decision-making, inventory management solutions.

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Segmentation & Regional Insights
The healthcare distribution market covered in this report 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

North America was the largest region in the healthcare distribution market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the healthcare distribution market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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Major Driver Impacting Market Growth
The rise of the medical device industry is expected to propel the growth of the healthcare distribution market going forward. 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. Therefore, the rise of the medical device industry is driving the growth of the healthcare distribution market.

Key Industry Players
Major companies operating in the healthcare distribution market include Alliance Healthcare UK, AmerisourceBergen Corporation, Cardinal Health Inc., CuraScript SD, Dakota Drug Inc., FFF Enterprises Inc., Henry Schein Inc., KeySource Medical Inc., Medline Industries LP, Morris and Dickson Co. LLC, Mutual Drug Company, Owens & Minor Inc., Patterson Companies Inc., PHOENIX Group, Rochester Drug Cooperative Inc., Shanghai Pharmaceutical Group Co. Ltd., Smith Drug Company, Systems Private Limited, TTK Healthcare, Anda Inc., Associated Pharmacies Inc., Besse Medical, Curascript Specialty Distribution, Gulf South Medical Supply, H.D. Smith LLC, Harvard Drug Group LLC, Kinray Inc., MasterPharm SA, McKesson Corporation, Metro Medical Supply, MMS – A Medical Supply Company, Oncology Supply Inc., PSS World Medical Inc., Seneca Medical Inc., TheraCom LLC

The healthcare distribution market report table of contents includes:

1. Executive Summary

2. Healthcare Distribution Market Characteristics

3. Healthcare Distribution Market Trends And Strategies

4. Healthcare Distribution Market – Macro Economic Scenario

5. Global Healthcare Distribution Market Size and Growth
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31. Global Healthcare Distribution Market Competitive Benchmarking

32. Global Healthcare Distribution Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Healthcare Distribution Market

34. Healthcare Distribution Market Future Outlook and Potential Analysis

35. Appendix

Top Major Players: