Interior view of operating room in hospital
The Healthcare Distribution Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Healthcare Distribution Global Market Report 2024, 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.
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.
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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
Technological advancement has emerged as the new trend gaining popularity in the healthcare distribution market. Major companies operating in the healthcare distribution sector are focused on technological advancements to reinforce their position and meet consumer demand. For instance, in November 2022, Cardinal Health Inc., a US-based healthcare services company, launched Velocare. Velocare is a supply chain network and last-mile delivery solution capable of providing patients with crucial supplies and services necessary for hospital-level treatment at home in one to two hours. Cardinal Health at-Home Solutions, in partnership with Medically Home, is now providing Velocare to a Medically Home health system client, allowing scalable, high-acuity care in the home.
Top Major Players
Alliance Healthcare UK,
AmerisourceBergen Corporation,
Cardinal Health Inc.,
CuraScript SD,
Dakota Drug Inc.
The healthcare distribution market report table of contents includes:
1. Executive Summary
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List Of Tables :
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Healthcare Distribution Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Healthcare Distribution Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Healthcare Distribution Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
……..
Table 51: Alliance Healthcare UK Financial Performance
Table 52: AmerisourceBergen Corporation Financial Performance
Table 53: Cardinal Health Inc. Financial Performance
Table 54: CuraScript SD Financial Performance
Table 55: Dakota Drug Inc Financial Performance
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