The United States is a behemoth when it comes to medical supplies and boasts the largest market in the world too. According to a report by Grand View Research, by 2020 The US medical supply manufacturer’s market grew to a staggering USD 176.7 billion, a sharp spike from USD 147.7 billion in 2016. Experts speculate that this trend of positive growth will persist and compound by an annual rate of 5% till 2028.
So, here are some of the largest medical supply distributors in the world as of 2020. The United States harbors most of the world’s largest medical supply distributors, although some noteworthy European suppliers will also be making this list.
AmerisourceBergen is one of the best healthcare logistics experts in the United States, headquartered in Pennsylvania, United States. They account for 20 percent of all the medical products sold and distributed in the United States, forming the critical link between pharmaceutical manufacturers and healthcare providers.
But that’s not all. AmerisourceBergen presently also has distribution operations in 52 different countries. They offer logistical support for the delivery of drugs, pharmacy services, animal healthcare goods, and medical facilities. Some of the most renowned manufacturing partners currently working with AmerisourceBergen include ASD Healthcare, Besse Medical, Cubixx Solutions, and HealthForward.
McKesson is a health care coverage and access company that wholesales surgical supplies, post-acute care supplies, packaging services, Plasma, gloves, syringes, and masks to professionals and medical centers. They also offer logistical support to healthcare systems such as inventory management and supply chain technology. It is headquartered in Texas, United States.
McKesson is also one of America’s most senior medical supply distributors. It was founded in 1883 as an importer and wholesaler of botanical drugs. Today it provides over 4000 products through private label, to over 16 countries, has more than 80,000 employees, and had an annual turnover of USD 231.1 Billion just last year.
Henry Schein is a medical distributor of a range of healthcare products and is considered to be the largest international healthcare distributor due to the span of its operations. They deal with over 120,000 branded medical products, specialize in delivering state-of-the-art dentistry equipment, and have a stable presence in over 190 countries. That’s almost the entire world.
It is headquartered in New York, United States, and currently has over 20,000 employees worldwide. Henry Schein has consistently been present in Fortune Magazine’s list of the world’s most admitted companies and was just recently ranked by Fortune as number one for social responsibility in its industry.
Cardinal Health is both a medical supply distributor and manufacturer and one of America’s top 3 medical supply distributors today. It’s been ranked as the 14th highest revenue-generating business in the United States. It has two headquarters, one in Dublin, Ireland, and one in Ohio, United States, and operations in over 40 different countries.
The company was founded in 1971 as a food wholesaler but after the acquisition of the Bailey Drug Company in 1979 it began wholesaling drugs instead.
Today Cardinal Health is working with about 20,000 specialty clinics, and physician offices to offer a huge range of specialized medical products and pharmaceuticals. It’s one of America’s most important healthcare companies and provides medical products to more than 75 per cent of U.S. hospitals.
The youngest company on this list, Pipeline Medical is a U.S.-based medical supply logistics provider that works with the largest companies in the world to bring high-quality medical equipment from factory to the point of sale at the marginal expense. It is currently one of America’s fastest-growing medical distributors.
The company specializes in the highly niche and technical field of distributing critical medical equipment to Governments, IDNs (Integrated distributor networks), GPOs (Group Purchasing Organizations), and Hospitals.
The global market for medical supplies has shot up exponentially since the COVID-19 Pandemic and this rise is likely to continue as new medical concerns emerge every day. Honorable mentions include Baxter International Inc., Danaher Corporation, and General Electric.