29 October 2020
Visiongain has published a new report on Healthcare Distribution Market Report : Forecasts by Type (Pharmaceutical (Brand-name, Generic, OTC, Vitamins), Medical Device (Biopharmaceutical (Vaccines, Monoclonal Antibodies)), End User (Retail Pharmacies, Hospital Pharmacies). PLUS Profiles of Leading Companies and Regional and Leading National Market Analysis. PLUS COVID-19 Recovery Scenarios.
Global Healthcare Distribution Market was valued at US$ xx billion in 2020 and is projected to reach at a market value of US$ xx billion by 2031.
The healthcare distribution market is classified into different sector- Pharmaceuticals product distribution services, medical device distribution services and biopharmaceutical product distribution services.
The largest sector is pharmaceutical product distribution services because in the increase in production of pharmaceutical formulations, outsourcing of pharmaceutical manufacturing and introduction of new manufacturing techniques.
COVID-19 Impact on Healthcare Distribution Market
In this situation of COVID19 this market is only one market which is growing tremendously. Because the threat of this pandemic the world is expecting the better medicines and the most need is covid 19 vaccines. This market is growing in such a way that the players of other sectors are trying to establish in this market.
The high incidence and large economic crises of chronic disease are primarily driving the market growth, high investments in R&D activities and increasing launch of new rugs and medicines in the healthcare market is supporting the growth of the distribution market.
The technological advancements along with the subsequent growth in track and trace solution in the healthcare distribution industry are further contributing to the growth of the market.
The market is gaining pace due to increase in usage of generics in the healthcare sector. Moreover the growing medical device industry is further boosting the demand in the market
The growing biosimilar markets in emerging economics is likely to create potential demands over the period.
The expanding pharmaceutical industry along with the implementation of stringent regulations to enhance the quality and reliability of pharmaceuticals drugs are developing in the emerging economies of the region including all the countries. Some big players in the Healthcare Distribution market are-Mckesson Corporation(US).Amerisource Bergen Corporation(US),Cardinal Health Inc.(US), Owens &Minor, Inc. (US),Morris and Dickson CO. LLC (US), KeySource Medical INC (US),Rochester Drug Cooperative INC(US), Henry Schein Inc.(US),Smith Drug Company (US),FFF Enterprise (US),Patterson Companies Inc (US),Mutual Drug (US)Shanghai Pharmaceuticals Group CO LTD (China),Medline Industries (US),PHOENIX group (Germany), CuraScript SD(US).
• In April 2019, Cardinal Health partnered with PANTHERx Specialty Pharmacy (US) to fortify its cell and gene therapy product range with a coordinated collection of specialty distribution, third-party logistics (3PL) services, and specialty pharmacy dispensing services.
• In April 2019, McKesson joined hands with Google Cloud (US) to improve new restructured applications and solutions for product manufacturing, specialty pharmaceutical distribution, and retail operations for pharmacies.
• In January 2018, AmerisourceBergen (US) acquired H. D. Smith (US) to augment and expand AmerisourceBergen’s considered scale and strengthen the company’s support to community pharmacies
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