Increasing prevalence of chronic diseases, rising focus on improving healthcare supply chain efficiency at lower prices, and growing demand for advanced medical instruments, drugs and devices are some key factors expected to drive global market growth.
Increasing prevalence of chronic diseases, rising focus on improving healthcare supply chain efficiency at lower prices, and growing demand for advanced medical instruments, drugs and devices are some key factors expected to drive global market 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 steady revenue CAGR of 7.0% during the forecast period, 2021-2028.
Market Dynamics:
Healthcare distribution refers to entire distribution practices in the healthcare sector used for enterprise resource planning, customer relationship management, medical and pharmacy supplies, wholesaling medications, along with distribution and associated services. Healthcare distributors play a crucial role in maintaining the supply chain of the healthcare industry. In order to bring efficacy and safety to the supply chains, healthcare facilities such as hospitals, pharmacies, clinics, and long-term care facilities rely on these distributors to source products in large quantities from the manufacturers. The healthcare distributors are responsible for distributing generic medications, vitamins, OTC drugs, brand-name medications, vaccines, blood and blood products, recombinant proteins, and monoclonal antibodies to health centers safely, efficiently, and on time.
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Factors such as increasing need for advanced trace and track solutions, rising number of hospitals, ambulatory care services along with retail and hospital pharmacies, and increasing investments in deploying blockchain technology to improve medical supply chain distribution are expected to drive global market growth during the forecast period. However, high cost of medical devices and products, rising trade costs due to increased tariffs, strict compliance and anti-dumping levies, and unfavorable government policies on R&D of novel drugs are some key factors that can hamper revenue growth of the market going ahead.
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 to Account for Largest Revenue Share:
The pharmaceutical product distribution services segment is expected to account for largest revenue share between 2021 and 2028. Factors such as growing preference for OTC and generic drugs, increasing production of pharmaceutical formulations owing to high prevalence of diseases, rising investments in R&D activities, and growing adoption of advanced technologies such as Artificial Intelligence (AI), blockchain, and robotics for improving supply chain services are expected to drive revenue growth of the segment going ahead.
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Retail Pharmacies Segment To Register Rapid Revenue CAGR:
The retail pharmacies segment is expected to register rapid revenue CAGR during the forecast period. Revenue growth of the segment can be attributed to changing consumer preference towards retail pharmacies due to easy availability of medications, high demand for cost-effective generic drugs, increasing volume of daily prescriptions, and government initiatives to establish standards in the retail pharmacy business.
North America to Lead in Terms of Revenue Share:
North America is expected to account for largest revenue share in the global market during the forecast period owing to increasing prevalence of chronic diseases, presence of well-developed healthcare facilities, increasing geriatric population, and rapid adoption of advanced technologies. In addition, increasing investments in research and development activities, rising number of product launches, growing demand for specialty drugs, and presence of leading companies are other factors expected to drive North America market growth during the forecast period.
Major Companies in the Market Include:
- McKesson Corporation
- Cardinal Health
- AmerisourceBergen Corporation
- Owens & Minor
- Morris & Dickson Co. L.L.C.
- 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 on the basis of 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
Regional Outlook (Revenue, USD Billion; 2018–2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- BENELUX
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Turkey
- Rest of MEA
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