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Healthcare Logistics Market in Canada by Product and Service - Forecast and Analysis 2021-2025

  • Published: Nov 2021
  • Pages: 120
  • SKU: IRTNTR45747
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The healthcare logistics market share in Canada is expected to increase by USD 926.56 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 6.44%.

This healthcare logistics market research report of Canada provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (pharmaceutical products and medical devices) and service (transportation and warehousing). The healthcare logistics market report of Canada also offers information on several market vendors, including Air Canada, AmerisourceBergen Corp., Andlauer Healthcare Group Inc., Deutsche Post AG, FedEx Corp., Kuehne Nagel International AG, Purolator Inc., SCI Group Inc., TFI International Inc., and United Parcel Service Inc. among others.

What will the Healthcare Logistics Market Size in Canada be During the Forecast Period?

Download the Free Report Sample to Unlock the Healthcare Logistics Market Size in Canada for the Forecast Period and Other Important Statistics

 

Healthcare Logistics Market in Canada: Key Drivers and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The legislative and regulatory changes supporting pharma growth are notably driving the healthcare logistics market growth in Canada, although factors such as shortage of drivers resulting in higher lead time may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the healthcare logistics industry in Canada. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Healthcare Logistics Market Driver in Canada

One of the key factors driving growth in the healthcare logistics market in Canada is the legislative and regulatory changes supporting pharma growth. Stringent regulations in the medical and pharmaceutical industries are the major hurdles for the entry of new players and the introduction of new drugs into the market. The Government of Canada has enforced some mandatory medical and healthcare insurance schemes that ensure basic healthcare coverage and easy payment of personal medical expenses. The Canadian government offers compulsory health insurance coverage to a large section of the population in Canada, which renders medical care facilities more accessible and less expensive for citizens. Such regulations lead to lower costs of drugs and make them more accessible to the public, thereby driving the sales of drugs, which, in turn, drives the demand for healthcare logistics in Canada.

Key Healthcare Logistics Market Challenge in Canada

The shortage of drivers resulting in higher lead time will be a major challenge for the healthcare logistics market in Canada. Third-party logistics service providers are highly dependent on the trucking industry for the transportation of medical devices and pharmaceuticals to remote rural areas. However, there is a shortage of skilled truck drivers in the overall logistics market in Canada. The shortage of skilled truck drivers can result in supply chain disruptions in the pharmaceuticals market, where the lead time is of critical importance as it has the potential to save lives through medical assistance. Driver shortage in the country has resulted in delayed planned expansions by trucking operators. 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, which, in turn, will negatively impact the growth of the market.

This healthcare logistics market analysis report of Canada also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Healthcare Logistics Market Vendors in Canada?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Air Canada
  • AmerisourceBergen Corp.
  • Andlauer Healthcare Group Inc.
  • Deutsche Post AG
  • FedEx Corp.
  • Kuehne Nagel International AG
  • Purolator Inc.
  • SCI Group Inc.
  • TFI International Inc.
  • United Parcel Service Inc.

 

This statistical study of the healthcare logistics market in Canada encompasses successful business strategies deployed by the key vendors. The healthcare logistics market in Canada is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The healthcare logistics market forecast report of Canada offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

What are the Revenue-generating Product Segments in the Healthcare Logistics Market in Canada?

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The healthcare logistics market share growth in Canada by the pharmaceutical products segment will be significant during the forecast period. The growing developments in biopharmaceuticals will lead to a subsequent demand for cold chain logistic networks. Canada is the second-largest pharmaceutical market in North America. The increasing aging population and a rising number of patients with chronic diseases in the country have increased healthcare spending in the country. The rising number of COVID-19 cases has drastically increased the demand for pharmaceutical products in the country along with vaccine production, storage, and distribution in 2021.

This report provides an accurate prediction of the contribution of all the segments to the growth of the healthcare logistics market size in Canada and actionable market insights on post COVID-19 impact on each segment.

 

Healthcare Logistics Market Scope in Canada

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 6.44%

Market growth 2021-2025

$ 926.56 million

Market structure

Fragmented

YoY growth (%)

5.76

Regional analysis

Canada

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Air Canada, AmerisourceBergen Corp., Andlauer Healthcare Group Inc., Deutsche Post AG, FedEx Corp., Kuehne Nagel International AG, Purolator Inc., SCI Group Inc., TFI International Inc., and United Parcel Service Inc.

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, Market condition analysis for the forecast period

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.

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What are the Key Data Covered in this Healthcare Logistics Market Report of Canada?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive healthcare logistics market growth in Canada during the next five years
  • Precise estimation of the healthcare logistics market size in Canada and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of healthcare logistics market vendors in Canada

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Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product
  • Pharmaceutical products - Market size and forecast 2020-2025
  • Medical devices - Market size and forecast 2020-2025
  • Market opportunity by Product

Market Segmentation by Service

  • Market segments
  • Comparison by Service
  • Transportation - Market size and forecast 2020-2025
  • Warehousing - Market size and forecast 2020-2025
  • Market opportunity by Service

Customer landscape

  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Air Canada
  • AmerisourceBergen Corp.
  • Andlauer Healthcare Group Inc.
  • Deutsche Post AG
  • FedEx Corp.
  • Kuehne Nagel International AG
  • Purolator Inc.
  • SCI Group Inc.
  • TFI International Inc.
  • United Parcel Service Inc.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

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.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The healthcare logistics market growth will increase by $926.56 million during 2020-2025.
The healthcare logistics market is expected to grow at a CAGR of 6.44% during 2020-2025.
Technavio has segmented the healthcare logistics market by product (Pharmaceutical products and Medical devices) ,service (Transportation and Warehousing) , and geographic (Canada and North America).
Air Canada, AmerisourceBergen Corp., Andlauer Healthcare Group Inc., Deutsche Post AG, FedEx Corp., Kuehne Nagel International AG, Purolator Inc., SCI Group Inc., TFI International Inc., United Parcel Service Inc. are a few of the key vendors in the healthcare logistics market.
Canada will register the highest growth rate of 100.00% among the other regions. Therefore, the healthcare logistics market in Canada is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the healthcare logistics market growth are:
  • Legislative and regulatory changes supporting pharma growth
The healthcare logistics market vendors should focus on grabbing business opportunities from the pharmaceutical products segment as it accounted for the largest market share in the base year.
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