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The Canada - healthcare logistics market size is estimated to grow at a CAGR of 10.15% between 2023 and 2028. The market size is forecast to increase by USD 2,338.46 million. The growth of the market depends on several factors such as legislative and regulatory changes supporting pharma growth, the growing pharmaceutical sales, and the increasing development of healthcare products with special logistics needs.
This Canada healthcare logistics market report extensively covers market segmentation by type (non-cold chain and cold chain), service (transportation and warehousing), product (pharmaceutical products and medical devices), and geography (North America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2018 - 2022.
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Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increasing development of healthcare products with special logistics needs is the key factor driving market growth. The majority of medicines and medical equipment used in Canada are imported from countries such as the US, China, Mexico, or Germany. The US pharma companies benefited from the similarity of regulations in the US and Canada with regard to the safety and quality of medical devices and pharmaceutical products. Thus, the increased import of new pharmaceutical products and medical devices in Canada has given rise to the need for more effective logistics services for the efficient transportation of temperature-sensitive products.
Furthermore, maintaining a temperature-controlled environment requires the use of cold chain solutions, which makes it difficult for manufacturers of such products to optimize their packaging and transportation costs. Therefore, manufacturers are availing the services of logistics service providers with expertise in cold chain logistics for the transportation of new pharmaceutical products. Hence, the increasing development of healthcare products with special logistics needs is anticipated to drive the growth of the market during the forecast period.
The emergence of drones in healthcare logistics is the primary trend shaping market growth. The drones are unmanned air vehicles and they fly autonomously through remote control by a pilot. Applications of drones to the transport sector, notably delivery operations in remote and rural areas, are increasing beyond military use. Drones can overcome the problem of inadequate road or railway infrastructure. They can deliver essential healthcare supplies, such as pharmaceutical drugs and small-sized and low-weight medical devices in hard-to-reach remote destinations.
Moreover, key participants in the pharmaceuticals and healthcare supply chain are focusing on using UAVs for last-mile deliveries. In addition, the use of drones will also help logistics companies customize their supply chain model effectively based on real-time information received from the UAV. Hence, the increased use of drones for the delivery of healthcare supplies in Canada is expected to drive the growth of the market during the forecast period.
Shortage of transportation drivers resulting in higher lead time is a challenge that affects market growth. In the pharmaceutical sector, where the lead time is of critical importance because of the potential to save lives through medical assistance, the shortage of skilled drivers may lead to supply chain disruption. The absence of drivers in the country has resulted in delays in plans by carriers to expand their fleets. The shortage of drivers in the country is also impacting the demand for healthcare logistics services, especially in remote and rural areas.
In addition, in rural areas, logistics is highly complex due to the lack of proper infrastructure; thus, there is a need for experienced truck drivers who can adapt to such challenges while ensuring the timely delivery of pharmaceutical products. Furthermore, with the geriatric population rising in the country, the availability of experienced drivers is also expected to decline further in Canada, leading to a rise in the demand-supply disparities for skilled truck drivers, thereby negatively impacting the growth of the market during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Canada Healthcare Logistics Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The non-cold chain segment is estimated to witness significant growth during the forecast period. Less complicated transport and storage are included in the logistics of healthcare products and pharmaceuticals not covered by cold chains. It does not require a great deal of care when transporting or storing generic medicines and medical devices. The pharmaceutical industry mostly provides non-cold chain products and services directly to hospitals, clinics, big retail drugstore chains, and wholesalers of medical supplies.
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The non-cold chain segment was the largest segment and was valued at USD 2,445.21 million in 2018. Moreover, the growing demand for pharmaceutical products in Canada is expected to fuel the growth of the Canada - healthcare logistics market. Furthermore, the constant rise in the healthcare infrastructure across Canada and the low cost of non-cold chain logistics are expected to fuel the growth of the non-cold chain segment, thereby driving the Canada healthcare logistics market during the forecast period.
The Canada healthcare logistics market report forecasts market growth by revenue and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
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Canada Healthcare Logistics Market Scope |
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Report Coverage |
Details |
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Page number |
144 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 10.15% |
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Market growth 2024-2028 |
USD 2,338.46 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
7.84 |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Air Canada, AmerisourceBergen Corp., Andlauer Healthcare Group Inc., C H Robinson Worldwide Inc., Canada Post Corp., Canadian Healthcare Logistics, Cardinal Health, CEVA Logistics S A, DB Schenker, Deutsche Post AG, FedEx Corp., i2i fulfillment, Kuehne Nagel Management AG, Purolator Inc., Rogue Transportation Services Inc., Ryder System Inc., Skelton Truck Lines Inc., TFI International Inc., United Parcel Service Inc., and Williams Pharmalogistics |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Service
8 Market Segmentation by Product
9 Customer Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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