The global Healthcare Distribution market size is projected to reach USD 1100 billion by 2026 at a CAGR of 6.9% from USD 790 billion in 2021 during the forecast to 2028.
Healthcare distribution involves the purchasing and legal ownership of pharmaceuticals. It also involves the management of both inventory and credit risks. This allows the manufactures to solely focus on their manufactured products and drug development and leave everything else onto them.
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With the growing importance of generics along with the expansion of medical device industry and the higher cases of chronic disease are some of the factors that have supported long-term expansion for Healthcare Distribution Market.
Key Players of Healthcare Distribution Market:
· 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
· Patterson Companies Inc.
· Mutual Drug
· Shanghai Pharmaceutical Group Co., Ltd.
· Medline Industries
· PHOENIX Group
· CuraScript SD and More
Regional Analysis
North America is expected to be the largest market during the forecast period. The regulatory requirements of healthcare sector, higher number of pharmaceuticals and biotechnological companies’ sector have led to growth in the healthcare distribution in the region.
Recent Developments
In April 2019, Cardinal Health signed a collaboration with PANTHERx Specialty Pharmacy in order to strengthen its cell and gene therapy offerings along with a coordinated suite of specialty distribution, third-party logistics (3PL) services, and specialty pharmacy dispensing services.
In April 2019, McKesson and Google Cloud collaborated in order to develop new modernized applications and solutions for product manufacturing, specialty pharmaceutical distribution, and retail operations for pharmacies.
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