Specialty drugs are often considered as biological drugs derived from living cells, that are injectable of infused. These specialty drugs are used to treat complex or are chronic conditions such as cancer, rheumatoid, hemophilia and H.I.V.
According to the market research report “Specialty Drug Distribution Market: By Drug Type (Oncology, Multiple Sclerosis, Rheumatoid Arthritis, Hemophilia); By Distribution (Retail, Home Health, Clinics, Pharmacies) - Forecast (2017 - 2022)”, published by IndustryARC, estimates the supply chain and unparalleled warehousing will be the key constraint for the market fast pace.
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The specialty pharmacy marketplace has changed tremendously over the past few decades.In the mid decades, there were only a handful of specialty drugs on the market.
These handfuls of pharmacy drugs only focused on treating a limited number of cancers and rare diseases. Today there are hundreds of specialty drugs available, giving patient’s unprecedented accesses to potentially life-changing treatments.
Scope & Regional Forecast of the Specialty Drug Distribution Market
There are a number of factors driving specialty spending, and clearly, drug price is a big one. Population shifts are also a factor.
The citizens of North America have a larger proportion of the population is aging into diseases like rheumatoid arthritis and cancer, which are treated with specialty medicine. In fact, patients in their 60s consume three times as many specialty prescriptions at six times the cost of patients in their 20s.
Specialty drugs are no longer just for those with rare and complex conditions. The researchers are targeting more common conditions such as high cholesterol, asthma and hepatitis C, significantly increasing the potential pool of patients.
However, industry tendencies are starting to show that even specialists like rheumatologists may start seeing more limited-distribution of drugs, access to the latest treatments. That’s because creators have found that the skill and experience of top special pharmacy can help them maintain the highest standards for patient safety, medication adherence and quality outcomes.
Specialty Drug Distribution Market plays a major role; the best operators to cover all the states and expedite communications between each patient and provider, and pharmacy, as well as between provider and pharmaceutical manufacturer. The distribution market is highly concentrated, due to rise to significant challenges in capturing the value and profits from becoming a specialty pharmacy market.
North America region is leading the market shares in terms of constant rising in chronic disease, and providing better distribution facilities. The report also concludes, Europe region is also gaining the market shares in specialty drugs distribution market.
The specialty patient demographic is changing in other ways.
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Segmentations & Key Players Involved in the Specialty Drug Distribution Market
The Specialty Drug Distribution Market can be broken down into various segmentations on the basis of -
- Distribution Type: Mail Delivery, Outpatient, Retail, Home Health, Clinic/ASCs and Inpatient
- Distribution Channel: Full line Wholesalers and Specialty Distributors
- End User: Independent Pharmacies, Large Chain Pharmacies, Hospitals, Clinics/ASCs
- Geography: America, Europe, Asia-Pacific and Rest of the World
Some of the key players involved in the Specialty Drug Distribution Market are as follows:
- Mckesson Corporation
- Cardinal Health
- Amerisource Bergen
* The overall market has been consolidated from the perspective of different geographic locations and key economies for this market.
* Identifies growth sectors and factors driving or constraining the market.
* The market is analyzed based on the key attributes such as the power in the hands of producers and consumers, analysis on the degree of competition, and threats from substitutes and new entrants.
* The study includes the demand of this particular market on a global and regional scale for a five year period of 2017 - 2022, to assess how the market will develop.
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