Healthcare Distribution

Healthcare Distribution Market Reaches $ 1,380 Billion Mark By 2030 Healthcare Distribution Market Size, Share and Growth Analysis (By Product Type: Biopharmaceutical, Pharmaceutical, and Medical Device; By End User: Hospital Pharmacies, Retail Pharmacies, and Other End Users) - Global Industry Analysis, Trends, Regional Outlook, and Forecast 2021 - 2030

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[150+ Pages Report] The healthcare distribution market size in terms of value is projected to reach $ 1,380 billion by 2030, at a CAGR of 7.8% between 2021 and 2030, according to a 2021 study by Precedence Research, the Canada based market insight company.

The global healthcare distribution market research report gives a brief summary of definitions, size analysis, and place of production, sales, applications, types, and major players/key vendors of the healthcare distribution industry. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post-COVID-19 marketplace. This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

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Report Highlights

  • Among the product type segment, pharmaceuticals are expected to dominate the overall market. Formation of new industrial facilitates by global pharmaceutical companies in new geographies, growing expenditure on pharmaceutical research and development activities, rising production of pharmaceutical preparations, and outsourcing of pharmaceutical manufacturing to the Asian nations is supporting the sector growth. Biopharmaceuticals are expected to advance at a significant CAGR in the estimate timeframe majorly due to increasing applications.
  • The retail pharmacies accounted for the largest revenue in the end user segment with more than 52.5% share in 2020. Implementation of programs to guarantee accessible health care for people in the US and other developed countries which subsequently increase the quantity of prescription is the major factor responsible for high market share of retail pharmacies.
  • McKesson Corporation accounted for the highest share of over 16% of the global healthcare distribution market.

Growth Factors

Factors such as rising incidence of chronic diseases and rapid progress of medical devices industry are driving the growth of healthcare distribution market. The frequency of chronic diseases has risen quickly in past few years due to increasing geriatric population globally. As per the WHO data, the prevalence of chronic disease will surge to 57% by 2021. This growth is expected to be the most substantial in the developing nations. A suitable healthcare distribution structure is therefore essential around the world, and has become a requirement. A synchronized and robust healthcare response is essential in every part of the world. Chronic diseases are some of the most rampant and expensive health conditions in the United States. Approximately half of all American people suffer from a minimum of one chronic ailment, and the count is growing. Internationally, almost one in three of all grownups suffer from multiple chronic conditions (MCCs) which are among the largest reason of the demise in the world.

The medical device business is poised for firm growth, with worldwide annual sales prediction to rise by over 5% a year and reach nearly US$800 billion by 2030. These estimates reflect growing demand for innovative new devices (like wearables) and services (like health data). This is majorly due to increasing prevalence of lifestyle diseases and high economic growth in emerging markets – particularly China and India.

Regional Analysis

The report covers data for North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. In 2020, North America dominated the global market with a market share of more than 38.5%. U.S. accounted for the highest share in North America majorly due to the presence of major companies and early launch of latest products. Pharmaceutical distributors form the core of the healthcare ecosystem in North America. These distributors take care of around 92% of medical sales and add capability and order to a supply chain which links two enormously fragmented markets.

Europe was the second prominent market majorly due to favorable reimbursement scenario and presence of latest healthcare infrastructure. The presence of skilled researchers in the European region is also expected to boost the demand for healthcare distribution market in the near future. Asia Pacific is expected to grow at the highest CAGR of around 9% in the forecast period due to high investment by major market players. Latin America and the Middle East and African region will exhibit perceptible growth.

Top Players Contending in the Market:

The key companies are aiming towards advanced innovations and are predictable to dominate the target market. Foremost players inspiring in the global healthcare distribution market are as follows:

  • AmerisourceBergen Corporation
  • McKesson Corporation
  • Medline Industries
  • Cardinal Health, Inc.
  • PHOENIX Group
  • Shanghai Pharmaceutical Group Co., Ltd.
  • Henry Schein Inc.
  • Owens & Minor, Inc.
  • Medline Industries
  • Rochester Drug Cooperative, Inc.

Market Segmentation

By Product Type

  • Biopharmaceutical
  • Pharmaceutical
  • Medical Device

By End User

  • Hospital Pharmacies
  • Retail Pharmacies
  • Other End Users

Regional Segmentation

  • North America (U.S. and Canada)
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
  • Latin America (Brazil and Rest of Latin America)
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Some of the key highlights of the report are:

  • Market Demand Outlook – The report offers refined forecasts on potential growth prospects for the market. Based on data derived after thorough research by a team of expert analysis, Precedence Research presents the most precise rate of growth for the market for the assessment period starting from 2021 – 2030.
  • Supply Chain Analysis – The purpose of the survey is to help companies identify potential scope for supply chain expansion. The study also presents analysis of unprecedented threats.
  • Competitive Landscape Analysis – Some of the leading companies operating in the healthcare distribution market are profiled in the market study. The report also underscores winning strategies adopted over the last few years and gauges impact of the same on growth trajectory exhibited by the market over the last few years.

Why should you invest in this report?

If you are aiming to enter the global healthcare distribution market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for healthcare distribution are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2020-2027 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

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Precedence Research

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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