The latest report of Fairfield Market Research intends to provide a complete insightful view and growth forecast of global speciality drug distribution market. The report suggests that the market growth is predominantly driven by the rising chronic disease prevalence. As speciality drug manufacturers are bound to ensure patient access to their products without any compromise on patient safety. Speciality drugs are thus subject to federal regulations and safety monitoring before they are dispensed. Increasing usage of speciality drugs in treatment of cancers, multiple sclerosis, and rheumatoid arthritis is likely to fuel market growth in addition to improved logistics and efficient supply chain. Given the expensive nature of speciality pharmaceuticals, market participants continue to pursue a cost-effective, and efficient distribution system to raise the affordability of the otherwise expensive therapies, and optimally manage medication, patient, and cost.
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New Drug Entries to Augur Well for Speciality Drug Distribution Market
Over the recent past, the number of approvals for speciality drugs is consistently increasing on the back of a lot of research, developments, and clinical trials. 39 new speciality drugs received approvals from the FDA in 2018 alone. The market awaits a bright future as the pharmacies operating in the market have a solid ongoing pipeline. These new entries are likely to be the high revenue-generating avenues for the speciality drug distribution landscape.
Speciality Drug Distribution Market Continues to Witness Dominance of Limited Distribution Drugs Network
Limited distribution drugs (LDD), a type of speciality medications available only in a limited number of pharmacies as their name suggests, is expected to remain the dominant segment. Although access to LLDs is difficult for patients, their multiple benefits especially in case of complicated and extremely chronic conditions will continue to uphold their preference in future. While distributors achieve absolute control over distribution, the assurance of no oversight makes manufacturers to opt for this channel. It thus becomes possible to identify any glitch in medication that can later be recalled, and rectified. This channel plays an important role in forming a closer patient-pharmacist relationship that eventually accounts for maintenance of the authenticity of prescription, which ultimately is responsible for the best treatment outcome.
North America Continues to Spearhead Global Speciality Drug Distribution Market
North America has been capturing the lion’s share in global speciality drugs distribution market and the trend will continue through the next few years. The report suggests that the continued dominance of North American market is attributable to the region’s favourable reimbursement policies, desirable government-based healthcare options, and state-of-the-art field of diagnostics. The market here will also benefit from the strong presence of some of the globally important brand names. Surging drug R&D investments is also likely to be upholding the prospects of speciality drug distribution market in North America. On the other side, Asia Pacific is projected to emerge a highly attractive market on the back of its huge unmet medical demand.
Major Speciality Drug Distributors Worldwide
Some of the most prominent distributors in market would be covered under the competition landscape analysis section of the global speciality drug distribution market report. Some of these major company names include AmerisourceBergen Corporation, ASD Healthcare, Cardinal Health, Avella, Besse Medical, Centene, Diplomat Speciality Pharmacy, D2 Pharma, DirectRx, Inc., Emory Healthcare, Excelera, KloudScript, Marshall Pharmacy, ICORE Healthcare, McKesson Speciality Health, UAB Medicine, Orsini Speciality Pharmacy, and Walgreens.
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