The Asia Pacific region is witnessing significant growth due to the increasing investment in research and development by the Chinese government. In 2022, China invested around USD 166 billion in the pharmaceutical industry, which accounted for around 12% of the global pharmaceutical market.
Additionally, the Chinese government has been working on a five-year strategy (2021–25) for medical technology since April 2021, to have at least six Chinese enterprises rank among the top 50 revenue-generating medical device companies worldwide. The Indian government’s initiatives, such as the Ayushman Bharat Scheme, to improve the healthcare system in rural India, and Assistance to Medical Device Clusters for Common Facilities (AMD-CF) and Japanese companies’ investments in the pharmaceutical and medical device sectors of India further contribute to the healthcare distribution market growth.
Continuous research and development in the healthcare sector strengthens the market growth. Moreover, the launch of innovative solutions by key players such as Cardinal Health (NYSE: CAH) and Tecsys Inc. for optimising the distribution efficiency of the healthcare sector is further aiding the market growth. For instance, in November 2023, Tecsys Inc. announced Elite™ WMS for Healthcare Distribution, a warehouse management system that optimises the efficiency of healthcare distribution and complies with DSCSA regulations.
The solution provides 3PLs and pharmaceutical distributors to locally maintain full inference data on the GS1 system of standards, streamline workflow, ensure the efficiency of critical warehouse operations, and avoid dual-entry workflows.
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The major players in the global healthcare distribution market include McKesson Corporation, Cardinal Health, AmerisourceBergen Corporation, Owens & Minor, Inc., Morris & Dickson Co. L.L.C., Priority Healthcare Distribution, Inc., FFF Enterprises, Inc., Attain Med, and Dakota Drug, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
|Scope of the Report
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|Breakup by Type
|Breakup by End Use
|Breakup by Region
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