10-Oct-2019 | Zion Market Research
Zion Market Research has published a new report titled “Healthcare Distribution Market By Service (Pharmaceutical, Medical Device, and Biopharmaceutical) and By End-User (Hospital Pharmacies, Online Pharmacies, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global healthcare distribution market was USD 771 million in 2018 and is expected to generate around USD 1,211 million by 2025, at a CAGR of around 6.73% between 2019 and 2025.
The healthcare distribution alliance (HDA) is the domestic organization representing main pharmaceutical distributors—the essential connection between nationwide pharmaceutical and pharmaceutical producers, hospitals, long-term care centers, clinics, and others. The global healthcare distribution market involves storing and transferring pharmaceutical products to wholesalers, hospitals, and patients directly from manufacturing plants. Pharmaceutical products manufacturers maintain strong partnerships with 3PL providers for promoting cost-effective and efficient metrics.
Browse the full “Healthcare Distribution Market By Service (Pharmaceutical, Medical Device, and Biopharmaceutical) and By End-User (Hospital Pharmacies, Online Pharmacies, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/healthcare-distribution-industry
The healthcare distribution market is likely to grow swiftly in the future, as healthcare distribution systems are crucial for maintaining an integral part of the supply chain management. Healthcare distributors ensure patient safety and medicinal products through the safe and efficient distribution of healthcare goods and services. This market growth is also driven by the enhanced chronic disease incidences, major investments in research and development, improved importance of generics, escalated application of track and trace solutions, and substantial developments in the medical equipment industry.
The healthcare distribution market is fragmented based on distribution service and end-user. By service, the healthcare distribution market includes pharmaceutical, biopharmaceutical, and medical device. The pharmaceutical segment is further divided into vitamins/over-the-counter drugs, generic drugs, and innovator drugs/brand-name. The biopharmaceutical segment includes blood and blood products, recombinant proteins, vaccines, monoclonal antibodies, and others. The pharmaceutical segment accounted for the largest market in 2018, majorly due to the rising pharmaceutical formulations production, increasing pharmaceutical R&D expenditure, growing outsourcing of pharmaceutical manufacturing to Asian countries.
The end-user segment is divided into retail pharmacies, hospital pharmacies, and others. Retail pharmacies accounted for the largest share of the market in 2018. These pharmacies deal with a large volume of prescriptions on a daily basis. Moreover, the U.S. and other developed countries have significantly increased the number of prescriptions in retail pharmacies by organizing several healthcare programs to ensure affordable healthcare to the population all over North America.
The increasing legislative demands in the healthcare sectors of several Asia Pacific nations will aid the Asia Pacific healthcare distribution market to register a notable CAGR over the forecast time period. Additionally, this region will also grow due to rising compliance with mandatory manufacturing and distribution practices and an increasing number of pharmaceutical and biotechnology businesses. China and India are the fastest-growing markets in this region, largely due to the growing pharmaceutical industries and rising application of stringent legislation to improve pharmaceutical drug quality and reliability.
Some key players of the healthcare distribution market include McKesson Corporation, Cardinal Health, Owens & Minor, AmerisourceBergen Corporation, Morris & Dickson, Curascript Specialty Distribution, FFF Enterprises, Medline Industries, Attain Med, and Dakota Drug.
This report segments the global healthcare distribution market into:
Global Healthcare Distribution Market: Service Analysis
Global Healthcare Distribution Market: End-User Analysis
Global Healthcare Distribution Market: Regional Analysis
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