The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s healthcare distribution market report forecasts the healthcare distribution market size to grow to $1.51 Trillion by 2027, with a CAGR (compound annual growth rate) of more than 8%.

Learn More On The Healthcare Distribution Market Report 2023 – https://www.thebusinessresearchcompany.com/report/healthcare-distribution-global-market-report

Healthcare Distribution Market Size Forecast
The global healthcare distribution market is expected to grow from $1.00 trillion in 2022 to $1.09 trillion in 2023 at a compound annual growth rate (CAGR) of 8.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The healthcare distribution market size is expected to grow to $1.51 trillion in 2027 at a CAGR of 8.5%.

North America held the largest healthcare distribution market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Healthcare Distribution Market Driver ­– Rise Of The Medical Device Industry
For instance, in February 2022, according to the India Brand Equity Foundation (IBEF), an India-based government brand equity foundation, the medical device market in India is expected to reach $ 50 billion in 2025, an increase of a 37% CAGR from $10.36 billion in 2020. Therefore, the rise of the medical device industry is driving the growth of the healthcare distribution market.

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Key Healthcare Distribution Market Trend – Technological Advancement
Major companies operating in the healthcare distribution sector are focused on technological advancements to reinforce their position and meet consumer demand. For instance, in May 2020, Zipline, a US-based start-up providing unmanned aerial vehicles (UAV), launched services for the delivery of personal protective gear and medical equipment using drones in the US. The company is also conducting drone delivery of medicines in Rwanda and intends to launch the service in other African countries. The development of this advanced technology is another step forward in the healthcare distribution market.

Healthcare Distribution Market Segment
1) By Type: Pharmaceutical Product Distribution Services, Biopharmaceutical Product Distribution Services, Medical Device Distribution Services
2) By End User: Retail Pharmacies, Hospital Pharmacies, Other End-Users

Healthcare Distribution Market Major Players and Strategies
Major players in the healthcare distribution market are McKesson Corporation, AmerisourceBergen Corporation, Cardinal Health Inc., Owens & Minor Inc., Morris and Dickson Co. LLC, KeySource Medical Inc., Rochester Drug Cooperative Inc., Henry Schein Inc., Smith Drug Company, FFF Enterprises Inc., Patterson Companies Inc., Mutual Drug, Shanghai Pharmaceutical Group Co. Ltd., Medline Industries LP, PHOENIX Group, CuraScript SD, Dakota Drug Inc., TTK Healthcare, Systems Private Limited, and Alliance Healthcare UK.

In April 2021, DiethelmKellerSiberHegner (DKSH), a Switzerland-based transportation services company, acquired Bosung and MedWorkz for an undisclosed amount. Through this acquisition, DKSH aimed to drive market consolidation and expand its position in the Asia-Pacific region. Bosung is a South Korea-based life sciences distributor. Medworkz is a Singapore-based distributor of medical products.

The Healthcare Distribution Global Market Report 2023 covers regional data on healthcare distribution market size, healthcare distribution market trends and drivers, opportunities, strategies, and healthcare distribution market competitor analysis. The countries covered in the healthcare distribution market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Healthcare distribution refers to the distribution of supplies to healthcare facilities. It also includes the secure and efficient provision of medication to the patients at the precise time and in a cost-effective manner.

View More Reports Related To The Healthcare Distribution Market –
Healthcare Services Global Market Report 2023
Distribution Board Global Market Report 2023
Healthcare IT Integration Global Market Report 2023

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