About Specialty Drug Distribution
Specialty drugs are high-cost prescription medications used to treat complex, chronic conditions like cancer, rheumatoid arthritis, and multiple sclerosis. These drugs sometimes require special handling and administration (typically injection or infusion). They typically require special handling, administration or monitoring. Specialty drug distributors ensure delivery of drugs to hospitals, physician practices, specialty pharmacies and medical clinics accurately.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain competitive advantage through combined collaborations. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Specialty Drug Distribution market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Amerisource (United States), McKesson Corporation (United States), Cardinal Health, Inc. (United States), Mediceo Paltac Holdings Co., Ltd. (Japan), Alliance Healthcare (Turkey), Sinopharm Group Co., Ltd. (China), Accredo (United States), Shanghai Pharma (China), Jointown Pharmaceutical (China) and Avella Specialty Pharmacy (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Specialty Drug Distribution market by , Application (Retail, Home Health, Clinics and Pharmacies) and Region.
On the basis of geography, the market of Specialty Drug Distribution has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Drug Type, the sub-segment i.e. Oncology Drugs will boost the Specialty Drug Distribution market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online Channel will boost the Specialty Drug Distribution market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increased Number of Online Customers and Increased Use of Specialty Drugs to Treat Chronic Diseases
Market Growth Drivers:
Increased Demand for Specialty Drugs and Robust Increase in the Distribution Channels
Challenges:
Stringent Government Rules and Regulations
Restraints:
The Restriction Associated with Distribution Channels
Opportunities:
Growth in the Healthcare Industry Worldwide and Improving Healthcare Infrasture in Developing Countries
Market Leaders and their expansionary development strategies
In April 2021, Amneal Pharmaceuticals, Inc. and Kashiv BioSciences LLC announced that Amneal Pharmaceuticals LLC (“Amneal”), a subsidiary of the Company, has completed its previously announced acquisition of a 98% interest in Kashiv Specialty Pharmaceuticals, LLC (“Kashiv Specialty”), a wholly-owned subsidiary of Kashiv focused on the development of complex generics, innovative drug delivery platforms and novel 505(b)(2) drugs.
In August 2022, House Rx, the platform for medically integrated dispensing of specialty medications, announced it has partnered with three new rheumatology clinics to integrate in-house specialty drug dispensing – also known as medically integrated dispensing (MID) – into the clinics' operations
Key Target Audience
Specialty Drug Distributors, Emerging Companies, Research Professionals and End-users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.