Inelastic demand and rising investments in R&D over the years to develop efficient diagnostic devices, viable drugs, and advanced therapies for treating rare and chronic diseases have significantly benefited the healthcare sector. The strong demand has also allowed healthcare distributors to play a significant role and to grow.
Furthermore, the adoption of blockchain, AI, and IoT in the medical supply chain process to ease operations and enhance transparency in the distribution process makes the medical distribution industry’s growth prospects bright. The global healthcare distribution market is expected to grow at a 7% CAGR to $1.39 trillion by 2028.
