The "Healthcare Distribution - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Healthcare Distribution Market to Reach $5.7 Trillion by 2030
The global market for Healthcare Distribution estimated at US$2.3 Trillion in the year 2023, is projected to reach a revised size of US$5.7 Trillion by 2030, growing at a CAGR of 12.1% over the analysis period 2023-2030.
In 2023, the healthcare distribution sector saw a diverse competitive landscape, with players worldwide categorized based on their market presence as strong, active, niche, or trivial. The ongoing COVID-19 pandemic significantly impacted the healthcare industry, necessitating adaptation to a new normal. This unprecedented crisis posed challenges and opportunities, prompting a policy-led focus on revamping global health systems.
Pharmaceutical, one of the segments analyzed in the report, is projected to record 11.8% CAGR and reach US$2.3 Trillion by the end of the analysis period. Growth in the Biopharmaceutical segment is estimated at 13.2% CAGR for the next 8-year period.
Clinical diagnostic laboratories faced a surge in demand for COVID-19 testing, leading to a reset and growth trajectory in the global clinical diagnostics market from 2019 to 2025. Furthermore, the pandemic accelerated the adoption of digital health technologies, as consumers shifted behavior towards healthcare technologies and services, indicating potential breakthroughs in the post-pandemic era.
The U.S. Market is Estimated at $804.7 Billion, While China is Forecast to Grow at 14.1% CAGR
The Healthcare Distribution market in the U.S. is estimated at US$804.7 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$1 Trillion by the year 2030 trailing a CAGR of 14.1% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.2% and 10.1% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 11.8% CAGR.
Key Attributes:
Report Attribute | Details |
No. of Pages | 417 |
Forecast Period | 2023 - 2030 |
Estimated Market Value (USD) in 2023 | $2.3 Trillion |
Forecasted Market Value (USD) by 2030 | $5.7 Trillion |
Compound Annual Growth Rate | 12.1% |
Regions Covered | Global |
MARKET OVERVIEW
MARKET TRENDS & DRIVERS
FOCUS ON SELECT PLAYERS (Total 61 Featured)
For more information about this report visit https://www.researchandmarkets.com/r/ta9gh8
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