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Global Healthcare Distribution Services Market Size 2022 | Growing Opportunities, Challenges, Emerging-Demands, Trends, Explosive Factors of Revenue by Progression Status, Futuristic Growth, Share and Forecast 2022 – 2031

Kenneth Research has recently added a report titled Global Healthcare Distribution Services Market in its storehouse of market research reports. The report provides a detailed insight into the market scenario on the basis of the market size and volume for the forecast period, i.e., 2022-2031.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Healthcare Distribution Services Market products.

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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.

Global Healthcare Distribution Services Market is valued approximately USD 718.50 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 6.50 % over the forecast period 2019-2026. Healthcare distribution Services market includes moving and storing pharmaceutical goods from plants to wholesalers, hospitals and patients. Also, the healthcare companies must comply with stringent public regulation as pharmaceutical products should be available in useable shapes to ensure their safety records. Further, high incidences of chronic diseases and increasing uptake of biopharmaceuticals has led the adoption of healthcare distribution services across the forecast period. As per the Pharmaceutical Research and Manufacturing Association (PhRMA) about half of the world’s R&D in pharmaceuticals of about $75 billion are conducted in the U.S. As per the source, the biopharmaceuticals account for $1.3 trillion in economic output that represent 4% of the total U.S. economy. This total economic impact includes $558 billion in revenue from biopharmaceuticals business. However, pricing pressures impedes the growth of the market over the forecast period of 2019-2026.

The regional analysis of global Healthcare Distribution Services market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the presence of a large number of pharmaceutical and biotechnology companies and medical device manufacturers. Also, the dominance of healthcare distribution market is witnessed due to the increasing government focus on generic drugs, incidence of chronic diseases, rising demand for biologics and specialty drugs. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate over the forecast period 2019-2026. Factors such as rising number of pharmaceutical and biotechnology companies, the implementation of stringent regulations to enhance the quality and reliability of pharmaceutical drugs and expanding pharmaceutical industries would create lucrative growth prospects for the Healthcare Distribution Services market across Asia-Pacific region.

Major market player included in this report are:
McKesson Corporation
Cardinal Health, Inc.
AmerisourceBergen Corporation
Owens & Minor, Inc.
Morris & Dickson Co. L.L.C.
Curascript Specialty Distribution
FFF Enterprises, Inc.
Medline Industries
Attain Med, Inc.
Dakota Drug

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

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By Type:
Pharmaceutical Product Distribution Services
Medical Device Distribution Services
Biopharmaceutical Product Distribution Services

By End-user:
Retail Pharmacies
Hospital Pharmacies
Other End Users

By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026

Target Audience of the Global Healthcare Distribution Services Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

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Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defence, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research, are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.

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