Healthcare Logistics Market in North America by Product, Service, and Geography - Forecast and Analysis 2021-2025

The healthcare logistics market share in North America is expected to increase by USD 10.19 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 6.09%.

This healthcare logistics market research report of North America 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 healthcare logistics market segmentation in North America by product (pharmaceutical products and medical devices), service (transportation and warehousing), and geography (US, Canada, and Mexico). The healthcare logistics market report of North America also offers information on several market vendors, including Air Canada, AmerisourceBergen Corp., C.H. Robinson Worldwide Inc., CEVA Logistics AG, Cold Chain Technologies LLC, Deutsche Post AG, DSV Panalpina AS, FedEx Corp., Kuehne Nagel International AG, and United Parcel Service Inc. among others.

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

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Healthcare Logistics Market in North America: Key Drivers and Challenges

The legislative and regulatory changes supporting pharma growth are notably driving the healthcare logistics market growth in North America, although factors such as managing inventory loss and increased SKUs at warehouses 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 North America. 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 North America

One of the key factors driving growth in the healthcare logistics market in North America 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. This is leading to greater expenditure on the treatment of diseases and disorders, which is driving the demand for the manufacturing and consumption of drugs and, consequently, the demand for healthcare logistics, particularly from the pharmaceutical products segment. The Government of Canada has also enforced regulations to reduce the prices of pharmaceutical drugs. 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, is driving the demand for healthcare logistics in North America.

Key Healthcare Logistics Market Challenge in North America

Managing inventory loss and increased SKUs at warehouses will be a major challenge for the healthcare logistics market in North America during the forecast period. The three major underlying reasons for inventory loss at warehouses are damage, lost inventory, and pilferage. A huge volume of drugs and inventory losses make it difficult to keep track of the inventory, resulting in a loss of revenue for manufacturers. Pharmaceutical drug manufacturers provide various package sizes, depending on the type of medicine (tablets, capsules, or syrup) and the dosage. Offering drugs in different shapes, sizes, and formats are profitable for companies in terms of their sales. As a result of the growth in the stock-keeping unit (SKU), warehouses, as well as pharmaceutical retail stores, face issues associated with SKU proliferation and management. This creates a challenge for warehouse operators to manage the inventory.

This healthcare logistics market analysis report of North America 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 North America?

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

• Air Canada
• AmerisourceBergen Corp.
• C.H. Robinson Worldwide Inc.
• CEVA Logistics AG
• Cold Chain Technologies LLC
• Deutsche Post AG
• DSV Panalpina AS
• FedEx Corp.
• Kuehne Nagel International AG
• United Parcel Service Inc.

This statistical study of the healthcare logistics market in North America encompasses successful business strategies deployed by the key vendors. The healthcare logistics market in North America 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 North America offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Healthcare Logistics Market in North America?

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88% of the market’s growth will originate from the US during the forecast period. The US is the key market for healthcare logistics market in North America. Market growth in the US will be faster than the growth of the market in other regions.

The growing value of the US pharmaceutical exports, increasing healthcare spending, and rising aging population will facilitate the healthcare logistics market growth in the US over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

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

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The healthcare logistics market share growth in North America by the pharmaceutical products segment will be significant during the forecast period. The demand for biologics for more effective treatment of diseases is growing, as synthetic drugs have limitations in treating many health disorders. Therefore, the development of new biologics for the treatment of existing disorders and rare diseases is expected to fuel the growth of the pharmaceutical products segment and simultaneously boost the demand for healthcare logistics. 

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

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

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive healthcare logistics market growth in North America during the next five years
• Precise estimation of the healthcare logistics market size in North America 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 North America

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