The latest report on “Healthcare Distribution Market (Type – Pharmaceutical Product Distribution Services, Biopharmaceutical Product Distribution Services, and Medical Device Distribution Services; End-user – Retail Pharmacies, Hospital Pharmacies, and Other End-users): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025.” The global healthcare distribution market is projected to grow at a CAGR of 6.4% over the forecast period of 2019-2025.
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The major players operating in the healthcare distribution market are focusing on mergers, acquisitions, and new product launches that expand their market share. For instance, in 2018, McKesson Corporation acquired Medical Specialities Distributers. Medical Specialities Distributors is a medical supply and equipment distributor with a diversified and long-tenured customer base. Companies are also maintaining powerful relationships with pharmaceutical product suppliers that promote cost-effective and effective metrics.
The Emerging Medical Device Industry Drives the Growth of the Healthcare Distribution Market
The emerging medical device industry drives the growth of the healthcare distribution market. The rising prevalence of chronic diseases contributes to the growth of the healthcare distribution market. The increasing significance of generics stimulates the growth of the healthcare distribution market. Increasing research and development investments promote the growth of the healthcare distribution market. The rising pharmaceutical outsourcing fuels the growth of the healthcare distribution market. The rising implementation of track and trace alternatives contributes to the growth of the healthcare distribution market.
In addition, the surge in pharmaceutical investments and growing pharmaceuticals formulations promote the growth of the healthcare distribution market. On the flip side, the surge in pricing pressure hampers the growth of the healthcare distribution market. Moreover, innovations, technology, partnership, and digitalization in the healthcare sector create numerous opportunities for the growth of the healthcare distribution market.
North America is Expected to Have a Premium Share in the Global Healthcare Distribution Market
Based on geography, the global healthcare distribution market is classified into North America, Asia-Pacific, Europe, and the Rest of the World. North America is expected to have a premium share in the global healthcare distribution market. The surge in healthcare expenditure and the presence of key pharmaceutical companies in North America drive the growth of the healthcare distribution market. Asia-Pacific is expected to grow in the global healthcare distribution market with a significant CAGR over the forecast period. The growing demand for patient care and rising pharmaceutical and biotechnology businesses in the Asia-Pacific region contribute to the growth of the healthcare distribution market. Europe is showing growth in the global healthcare distribution market.
The report on the global healthcare distribution market covers segments such as type and end-user. On the basis of type, the sub-markets include pharmaceutical product distribution services, biopharmaceutical product distribution services, and medical device distribution services. On the basis of end-user, the sub-markets include retail pharmacies, hospital pharmacies, and other end-users.
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The report provides profiles of the companies in the market such as McKesson Corporation, Cardinal Health, Inc., Morris and Dickson Co., LLC, Smith Drug Company Inc., Owens & Minor, Inc., Patterson Companies Inc., PHOENIX Group, Shanghai Pharmaceutical Group Co. Ltd., Medline Industries, Inc., and other companies.
Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the healthcare distribution.
=> Complete coverage of all the product type and application segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.