Top Companies in Healthcare Distribution Market | Top Key Players Market Size & Share, Growth rate, Revenue, In-depth Analysis, Past data | Research Report by Vantage Market Research
Healthcare Distribution encompasses all distribution procedures used in the healthcare business to complete activities such as procuring medical, laboratory, and pharmacy supplies, customer relationship management (CRM), ERP support, and information management.
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Market Overview:
The Global Healthcare Distribution Market was valued at USD 758.5 Billion in the year 2021 and is projected to reach a value of USD 1088.1 Billion by the year 2028. The Global Market is anticipated to grow to exhibit a Compound Annual Growth Rate (CAGR) of 6.2% over the forecast period. Healthcare provides patients with various care services such as medications, diagnostic tests, and other facilities. The health system is advantageous because it helps maintain people's health. Medicine distribution, medical device distribution services, and bio-pharmacy distribution services are some common types of Healthcare Distribution. The healthcare industry uses many different technologies and deployments to expand and provide better facilities for patients. Increased Research and Development (R&D) investment in new drug development is a crucial driving factor behind the expansion of the Healthcare Distribution Market.
The growth of the medical device industry, the growing importance of generic drugs, the high incidence of chronic diseases, and the significant financial burden are accelerating the development of the Healthcare Distribution Market. Additionally, the rapid increase in the medical device industry is one of the primary drivers of the growth of the secondary healthcare market. Furthermore, growth in the biosimilar market increased pharmacy of specialty drugs, and increased bio-pharmacy uptake are expected to create additional opportunities for the Healthcare Distribution Market during the forecast period. However, high drug prices and strict government regulations related to drug development are some of the impeding factors in the growth of the Healthcare Distribution Market.
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Some of the key players operating in the Healthcare Distribution Market are listed below:
|
Company Name |
Revenue in the US |
|
$257 Billion |
|
$167 Billion |
|
$221 Billion |
|
$9 Billion |
|
$527 Million |
|
$20 Billion |
|
<$5 Million |
|
$6 Billion |
|
$521 Million |
|
$13 Million |
McKesson Corporation is an American company that sells pharmaceuticals and provides medical information technology, medical supplies, and care management tools. The company supplies one-third of all medicines used in North America and employs more than 78 thousand people. Based in Irving, Texas, McKesson sells healthcare systems, medical supplies, and pharmaceuticals. In addition, McKesson provides the healthcare industry with a comprehensive network infrastructure. We also adopted technologies such as bar code scanning for distribution, robotics in pharmacies, and RFID tags.
Headquartered in Dublin, Ireland, Cardinal Health is a pharmaceutical distributor, global manufacturer and distributor of medical and experimental products, and a provider of performance and data solutions for healthcare facilities. Cardinal Health is essential to care with offices in more than 30 countries and approximately 44 thousand employees worldwide. They navigate the complexity of healthcare and provide large-scale solutions to help clients thrive in a changing world. They strive to be trusted partners in healthcare, driving the growth of the evolving healthcare sector while building our distribution, products, and solutions to meet the needs of our customers.
AmerisourceBergen Corporation is an American pharmaceutical wholesale company founded in 2001 by the merger of Bergen Brunswig and AmeriSource. They provide drug distribution and consulting for medical business operations and patient services. We also distribute a variety of branded and generic medicines, over-the-counter (OTC) healthcare products, home healthcare products, and equipment to healthcare providers across the United States, including acute care hospitals and healthcare systems, independent and chained retail pharmacies. Mail-order facilities, doctors, clinics, alternative locations for other facilities, and long-term care facilities and supplementary living centers.
Owens & Minor, Inc. (NYSE: OMI) is a global healthcare logistics company. Owens & Minor employs 15 thousand people in around 70 countries. Owens & Minor, a FORTUNE 500 company, was founded in Richmond, Virginia, in 1882 and is still headquartered. The company currently has distribution, manufacturing, customer service, and sales facilities in Asia Pacific, Europe, Latin America, and North America.
Headquartered in Temecula, CA, FFF Enterprises is one of the leading domestic suppliers of critical care bio pharmacy, plasma products (including albumin, intravenous immunoglobulin, and coagulation products), and vaccines. Its partners include the most influential and largest GPOs, servicing more than 80% of US hospitals and the top non-acute care centers in the United States. In addition, they have a nationwide sales team with local representatives and on-call infusions, pharmacies, and reimbursement consultants to support our customers.
Medline Industries, LP is an American private healthcare company headquartered in Northfield, Illinois. The country's largest manufacturer and distributor of privately held medical supplies, with operations in more than 125 countries, we provide products, training, clinical programs, and services through a range of care.
Attain Med was founded on December 15, 2008, and is headquartered in Atlanta, Georgia. Owned by three partners with broad backgrounds in different disciplines, they have a clear outlook on the DME business. They aim to partner with doctors' practice to become a one-stop DME resource for training, saving them time and energy of nurses and staff and allowing them to focus on the most critical patient.
Patterson Companies Inc. is a medical supplies conglomerate primarily engaged in the veterinary and dental products businesses (from X-ray equipment to consumables, dental consumables dominate the dental industry). Traditionally a dental company, the company diversified its business at the turn of the millennium when it acquired the 55-year-old JA Webster Inc, a veterinary product distributor.
Headquartered in Middlesex, England, Accord Healthcare is an award-winning pharmaceutical company committed to changing the way we think about making essential and affordable medicines available to more patients worldwide. Accord Healthcare has operations in over 85 countries and is based in Europe in more than 45 countries, developing, manufacturing, and selling affordable medicines, the most in the European pharmaceutical sector. In addition, the company has one active market development program.
Headquartered in Mumbai in Maharashtra, Biotron Healthcare (India) Pvt Ltd was founded in August 1998 with a focus on providing specific products and their enhancements in particular areas such as Discovery Biology, Genomics, and Molecular Diagnostics.
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