Healthcare Logistics Market in Canada to Record a CAGR of 6.44%, Legislative and Regulatory Changes Supporting Pharma Growth is a Key Driver - Technavio
NEW YORK, Aug. 3, 2022 /PRNewswire/ -- The healthcare logistics market in Canada is fragmented. The vendors are deploying various organic and inorganic growth strategies to compete in the market.
The healthcare logistics market size in Canada is expected to grow by USD 926.56 mn from 2020 to 2025. In addition, the growth momentum of the market will accelerate at a CAGR of 6.44% during the forecast period.
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Healthcare Logistics Market in Canada 2021-2025: Scope
The healthcare logistics market in Canada report covers the following areas:
Healthcare Logistics Market in Canada 2021-2025: Vendor Analysis
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. are among some of the major market participants. The key offerings of some of these vendors are listed below:
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Healthcare Logistics Market in Canada 2021-2025: Driver and Challenge
The legislative and regulatory changes supporting pharma growth are driving the market. The Government of Canada has enforced insurance schemes to ensure basic healthcare coverage and easy payment of personal medical expenses. This will make medical care facilities more accessible and less expensive for citizens. Such regulations reduce the costs of drugs and make them more accessible to the public, thereby driving the sales of drugs.
The shortage of drivers resulting in higher lead time will challenge the healthcare logistics market in Canada. There is a shortage of skilled truck drivers in the overall logistics market in Canada, which can result in supply chain disruptions and delayed planned expansions. Moreover, with the rising geriatric population in the country, the availability of experienced drivers is also expected to reduce further in Canada. This is leading to a rise in the demand-supply disparities for skilled truck drivers.
Healthcare Logistics Market in Canada 2021-2025: Segmentation
Healthcare Logistics Market in Canada 2021-2025: Revenue-generating Product Segments
The pharmaceutical products segment will have significant market share growth during the forecast period. The increasing development in biopharmaceuticals will fuel the demand for cold chain logistic networks. The growing aging population and a rising number of patients with chronic diseases in the country have increased healthcare spending in the country.
Healthcare Logistics Market in Canada 2021-2025: Key Highlights
Healthcare Logistics Market in North America by Product, Service, and Geography - Forecast and Analysis 2021-2025
Pharmaceutical Logistics Market in North America by Application and Geography - Forecast and Analysis 2021-2025
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Table of Contents:
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by Service
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