Cardinal Health (CAH)
Competitors to Cardinal Health (CAH)
AmerisourceBergen Corporation
AmerisourceBergen is a major player in the pharmaceutical distribution market, competing directly with Cardinal Health by offering similar services including drug distribution, consulting, and patient-focused services. The company differentiates itself through strong partnerships with healthcare manufacturers and a focus on specialty pharmaceuticals. AmerisourceBergen's emphasis on technology integration and data analytics for supply chain management allows it to provide customized services that can enhance operational efficiency for clients, thus appealing to a segment of the market that seeks to optimize patient care delivery. While it is a close competitor, AmerisourceBergen's strategic alliances and market penetration give it an edge over Cardinal Health.
Express Scripts (part of Cigna) CI +1.97%
Express Scripts operates primarily in the pharmacy benefit management sector but competes with Cardinal Health by providing integrated pharmacy solutions and medication management services. As healthcare moves towards value-based care, Express Scripts leverages its data analytics to improve medication adherence and outcomes for patients, aligning its services with the needs of payers and providers more effectively than its distribution-focused competitors. Cardinal Health competes by offering a broader suite of healthcare solutions but has less emphasis on the specialized pharmacy management services that Express Scripts excels at, thus giving Express Scripts a competitive advantage in the pharmacy management aspect of healthcare.
McKesson Corporation MCK +3.37%
McKesson Corporation is one of the largest pharmaceutical distribution companies in the world and operates in a competitive space with Cardinal Health. Both firms engage in the distribution of pharmaceuticals, medical supplies, and services, targeting hospitals, pharmacies, and healthcare providers. While Cardinal Health emphasizes its broad product portfolio and integrated services, McKesson focuses on supply chain optimization and technology-driven solutions to improve pharmacy operations. McKesson's extensive global reach and substantial investments in healthcare IT give it a competitive edge in efficiency and market access, solidifying its position as a leader in the industry.
Owens & Minor OMI -6.22%
Owens & Minor focuses on supply chain management and distribution of healthcare products and competes with Cardinal Health primarily in the areas of surgical and medical supplies. Owens & Minor has carved a niche in developing tailored solutions for healthcare facilities, which allows it to compete on service quality and customization, particularly for smaller hospitals and specialty facilities. While Cardinal Health has a more extensive product offering and larger market presence, Owens & Minor leverages its strong relationships with clients to provide tailored supply solutions, which can create opportunities for strength despite its smaller size.
Thermo Fisher Scientific TMO -3.89%
Thermo Fisher Scientific competes with Cardinal Health by providing a wide range of scientific research and laboratory products, including diagnostic and analytical instrumentation. While Cardinal is more focused on hospital and pharmacy distribution, Thermo Fisher's competitive strength lies in its advanced analytical capabilities and extensive product innovation pipeline. This enables Thermo Fisher to cater to laboratories and research institutions with sophisticated needs in diagnostics and analysis. Thus, while both target the healthcare sector, Thermo Fisher's emphasis on technological advancements in diagnostics gives it a distinct advantage in research-driven markets.