Rising burden of chronic diseases across the globe and growing geriatric population are some key factors driving the global healthcare distribution market revenue growth.
Rising burden of chronic diseases across the globe and growing geriatric population are some key factors driving the global healthcare distribution market revenue 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.
Market Dynamics:
Major factors supporting revenue growth of the global healthcare distribution market are increasing geriatric population, rising burden of chronic and acute diseases across the globe, rising government and private investments in medical infrastructure development, and rapid incorporation of emerging technologies such as AI, IoT (Internet of Things), and blockchain to expand medical supply chain distribution networks and enhance transparency in the distribution process.
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Distribution plays a vital role in healthcare supply chain, forging a link between pharmaceutical manufacturers and hospitals, clinics, pharmacies, or long-term care facilities. Rise in pharmaceutical and biotechnological research & development activities, growing demand for advanced, next-generation medical laboratory equipment and specialty medicines, increasing cases of COVID-19 worldwide, and unprecedented rise in demand for COVID-19 vaccines are among the other major factors contributing to the global healthcare distribution market revenue growth.
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 Accounted for Largest Revenue Share in 2020:
The pharmaceutical product distribution services segment dominated other segments in terms of revenue share in the global market in 2020. Pharmaceutical product distribution services include distribution of generic drugs, brand name or innovator drugs, and OTC (over-the-counter) drugs. Increasing collaborations between pharmaceutical distributors and healthcare institutions for delivery of medical goods & services, and rapid adoption of AI, robotics, and blockchain technologies to increase healthcare supply chain transparency and reduce human errors are key factors driving revenue growth of this segment.
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Retail Pharmacies Segment to Account for Fastest Revenue CAGR:
Retail pharmacies segment is expected to register the fastest revenue growth rate in the global market over the forecast period. Major factors supporting revenue growth of this segment are rising number of patients suffering from chronic and acute diseases, growing demand for prescription and over-the-counter drugs, increasing number of retail pharmacies around the world, and growing consumer preferences for generic medicines.
North America Accounted for Largest Revenue Share in 2020:
Among regional markets, the North America healthcare distribution market led in terms of revenue share in the global market in 2020. Rapid expansion of the pharmaceutical and healthcare industries across the region, increasing consumer demand for both specialty and generic drugs & therapeutics, incorporation of advanced technologies such as AI and blockchain in the healthcare sector, rapid spread of the novel coronavirus disease, and rising demand for COVID-19 vaccines are some factors expected to fuel revenue growth of the North America market revenue growth.
Major Companies in the Global Healthcare Distribution 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
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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
- Vaccines
- Monoclonal Antibodies
- Blood and Blood Products
- Recombinant Proteins
- Others
- 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
- Others
Region Outlook (Revenue, USD Billion; 2018-2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Turkey
- Rest of Middle East & Africa
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