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Rising aging population
Rising aging population can increase healthcare spending worldwide. People aged 65 years and above require more medical care and are more vulnerable to various chronic diseases like cancer, diabetes, cardiovascular issues, and others. According to some estimates, the number of people aged 65 years or older globally is projected to increase from about 524 million in 2010 to nearly 1.5 billion in 2050. Rising aging population will boost demand for various healthcare services as well as medical devices and pharmaceutical products. The healthcare distribution industry plays a vital role in ensuring an uninterrupted supply of these medical commodities to healthcare providers and patients in a timely manner. With national healthcare budgets under tremendous strain, efficient distribution network becomes even more important to reduce wastage and optimize resource utilization. Rising aging population can influence healthcare distribution industry players to scale up their infrastructure and capabilities.
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