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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Healthcare Distribution Market Growth
The market for healthcare distribution is propelled by the increasing importance of generics and the expanding biosimilars and medical equipment sectors, driven by technological advancements. Factors like track and trace solutions, speciality drug dispensing, and biopharmaceutical acceptance aid the market, alongside the rising popularity of generics in developing regions.
Generic drugs are identical to brand-name drugs in every aspect, offering the same benefits and risks. They are cost-effective as they don't incur developmental expenses. A robust distribution system is crucial due to increased demand globally. India alone had 23,581 government hospitals and 22 central government hospitals in 2019.
Healthcare Distribution Market Report Snapshots
Healthcare Distribution Market Size
Healthcare Distribution Market Growth
Healthcare Distribution Market Trends
Healthcare Distribution Market Share
Healthcare Distribution Manufacturers
Healthcare Distribution Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The healthcare distribution market was valued at USD 935.46 billion in 2023.
The market is projected to grow at a CAGR of 7.1% between 2024 and 2032.
The market is categorised according to the type, which includes pharmaceutical product distribution services, medical device distribution services and biopharmaceutical product distribution services.
The major market drivers include growing significance of generics, increasing prevalence of chronic diseases, and the expanding biosimilars and medical equipment industries due to the advancement in technology.
The e-commerce integration and the growing demand for personalised medications are expected to be key trends guiding the growth of the market.
Based on the end use, the market is divided into retail pharmacies, hospital pharmacies, and others.
The market is broken down into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The key market players are McKesson Corporation [MCK (NYSE)], Cardinal Health [CAH (NYSE)], AmerisourceBergen Corporation [ABC (NYSE)], Owens & Minor, Inc. [OMI (NYSE)], Morris & Dickson Co. L.L.C., Priority Healthcare Distribution, Inc., FFF Enterprises, Inc., Attain Med, and Dakota Drug, Inc., among others.
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