Canada's Healthcare Logistics Market To Grow By USD 2.34 Billion (2024-2028), Legislative Changes Supporting Pharma Growth And AI Trends - Technavio
Canada's Healthcare Logistics Market To Grow By USD 2.34 Billion (2024-2028), Legislative Changes Supporting Pharma Growth And AI Trends - Technavio . (MENAFN - PR Newswire) 
  
  
 
 NEW YORK, Dec. 15, 2024 /PRNewswire/ -- Report on how AI is redefining market landscape - The healthcare logistics market in canada size is estimated to grow by USD ...
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(MENAFN- PR Newswire) NEW YORK, Dec. 15, 2024 /PRNewswire/ -- Report on how AI is redefining landscape - The healthcare logistics market in canada

size is estimated to grow by USD 2.34 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of

10.15%

during the forecast period. Legislative and regulatory changes supporting pharma growth

is driving market growth,

with a trend towards

advent of pharma 4.0 and logistics 4.0. However,

shortage of transportation drivers resulting in higher lead time

poses a challenge. Key market players include 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. Continue Reading







Technavio has announced its latest market research report titled HEALTHCARE LOGISTICS Market in Canada 2024-2028 AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View Free Sample Report PDF

Forecast period 2024-2028 Base Year 2023 Historic Data 2018 - 2022 Segment Covered Type (Non-cold chain and Cold chain), Service (Transportation and Warehousing), Product (Pharmaceutical products and Medical devices), and Geography (North America) Region Covered Canada 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

Key Market Trends Fueling Growth

The Canadian healthcare logistics market is experiencing significant trends in patient epidemiology, storage, procurement, and coordination of healthcare products. The aging population and personalized medicine require increased availability and quality of pharmaceutical products, medical devices, and medical equipment. The market is witnessing in e-commerce, international commerce, and outsourcing operational logistics. Digitalization and digital transformation are crucial for efficient inventory management, reducing costs, and ensuring safety. The warehousing segment is a key investment pocket, with 3PL services offering cost savings through overhead operating costs. Pharmaceutical products, medical devices, and medical equipment categories are major drivers, with expensive healthcare costs leading to increased demand for branded drugs, generic drugs, and new technologies. Raw materials and production facilities are essential for meeting demand, while healthcare facilities and pharmacies rely on just-in-time resupplies of critical medical items like oxygen, platelets, and blood. Healthcare transportation modes include trucks, trains, boats, airplanes, and temperature-controlled trucks, with time-bound deliveries and drones used for critical medical items. The second wave of the pandemic has highlighted the importance of healthcare disparities and the need for cross-border commerce and trade flow to address these issues. The market is characterized by mutual dependence among communities and cultures, with a focus on new technologies and cross-border commerce to improve access to healthcare.



The healthcare industry in Canada is embracing Industry 4.0, integrating advanced technologies to revolutionize logistics and patient care. Technologies such as 3D printing, additive manufacturing, the industrial Internet of Things (IIoT), artificial intelligence (AI), and big data analytics are transforming healthcare facilities. These innovations enable real-time monitoring of patients through sensors and IoT, improving treatment efficiency and accuracy. Additionally, AI and machine learning enhance supply chain management, ensuring timely delivery of medical equipment and supplies. The adoption of Industry 4.0 technologies in healthcare logistics contributes to better patient outcomes and operational excellence.



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The Canadian healthcare logistics market faces several challenges in patient epidemiology, storage, procurement, coordination, and inventory management of healthcare products, including pharmaceuticals, medical devices, and medical equipment. The aging population and personalized medicine trends increase the demand for branded drugs, health trackers, and generic drugs. Pharmacies and healthcare facilities grapple with expensive healthcare costs and the need for just-in-time resupplies of critical medical items like oxygen, platelets, and blood for nephrological conditions. Logistics involves warehousing, transportation, and order fulfillment, with temperature-controlled trucks and cars essential for pharmaceutical products. The e-commerce sector's growth, international commerce, and digitalization require digital transformation, freight forwarding, and outsourcing operational logistics. New technologies, raw materials production, and healthcare system complexities add to the challenges. The second wave of the pandemic highlights the importance of time-bound deliveries, with drones and temperature-controlled transportation emerging as solutions. The warehousing segment and 3PL services help manage overhead operating costs, while the availability, quality, safety, and costs of healthcare products remain crucial. Healthcare disparities necessitate investment pockets in improving healthcare logistics infrastructure and addressing cross-border commerce complexities. The mutual dependence of communities and cultures necessitates efficient and effective healthcare logistics solutions. The healthcare logistics market in Canada relies heavily on third-party logistics providers for the transportation of medical devices and pharmaceuticals, particularly to remote rural areas. However, the trucking industry is facing a significant shortage of skilled truck drivers, which is projected to worsen, with an estimated 20,000 vacant positions in 2021 and expectations of this number doubling by 2023. This driver shortage could lead to supply chain disruptions in the pharmaceuticals sector, where timely delivery is crucial for medical assistance and potentially saving lives. The shortage has also hindered planned expansions by trucking operators, adding pressure to already strained supply chains.

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This healthcare logistics market in Canada report extensively covers market segmentation by



1.1 Non-cold chain 1.2 Cold chain



2.1 Transportation 2.2 Warehousing



3.1 Pharmaceutical products 3.2 Medical devices

4.1 North America

1.1

Non-cold chain-

The non-cold chain segment dominates the healthcare logistics market in Canada, accounting for the largest market share in 2023. This segment primarily caters to the transportation and warehousing of medical devices and generic pharmaceutical products. The pharmaceutical industry is a significant contributor to this segment, supplying non-specialized logistics services directly to hospitals, clinics, retail drugstore chains, and medical supplies wholesalers. The growing demand for pharmaceutical products in Canada, coupled with the expanding healthcare infrastructure and the cost-effectiveness of non-cold chain logistics, are key factors driving the growth of this segment and the healthcare logistics market in Canada during the forecast period.

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The Healthcare Logistics Market in Canada is a critical sector that ensures the timely and efficient delivery of essential healthcare products to various healthcare facilities and patients. Patient epidemiology plays a significant role in determining the demand for healthcare products and logistics services. The market encompasses storage solutions for healthcare products, international commerce, e-commerce, and online purchase platforms. Outsourcing operational logistics, including delivery, freight forwarding, packaging, and order fulfillment, is common to streamline processes and reduce costs. The healthcare system relies on various modes of transportation, such as trucks, trains, boats, airplanes, temperature-controlled trucks, cars, and even second wave deliveries, to transport healthcare products. Mode of transportation selection depends on factors like product sensitivity, delivery timelines, and cost-effectiveness. Temperature-controlled trucks are increasingly popular for transporting pharmaceuticals and biological samples. The logistics market in Canada continues to evolve, adapting to changing consumer preferences and technological advancements.

The Healthcare Logistics Market in Canada is a critical sector that ensures the timely and efficient delivery of healthcare products and services to patients. Patient epidemiology plays a significant role in determining the demand for various healthcare products, including Pharmaceutical Products, Medical Devices, and Medical Equipment. The storage, coordination, procurement, and inventory management of these items are essential for maintaining their availability, quality, and safety. The healthcare logistics market in Canada faces challenges such as costs, waste, congestion, and international commerce. The e-commerce sector and digitalization are transforming the industry, with increased outsourcing of operational logistics, delivery, freight forwarding, and order fulfillment. The aging population, personalized medicine, and new technologies are driving the demand for branded drugs, generic drugs, and health trackers. The healthcare logistics market in Canada is mutually dependent on various communities and cultures, with cross-border commerce and trade flow playing a crucial role. The warehousing segment, including 3PL services, is essential for managing overhead operating costs. The production of raw materials in factories and medical facilities requires efficient healthcare transportation using various modes, including temperature-controlled trucks, cars, trains, boats, and airplanes. The second wave of the pandemic has highlighted the importance of time-bound deliveries for critical medical items such as oxygen, platelets, blood, and kidney-related products for nephrological conditions. Healthcare disparities and investment pockets are areas of focus for improving access to affordable healthcare and reducing healthcare costs.

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation



Type



Non-cold Chain

Cold Chain

Service



Transportation

Warehousing

Product



Pharmaceutical Products

Medical Devices

Geography North America



7

Customer Landscape

8 Geographic Landscape

9 Drivers, Challenges, and Trends

10 Company Landscape

11 Company Analysis

12 Appendix

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio

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https://menafn.com/1108994934/Canadas-Healthcare-Logistics-Market-To-Grow-By-USD-234-Billion-2024-2028-Legislative-Changes-Supporting-Pharma-Growth-And-AI-Trends-Technavio
2024-12-15
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(MENAFN - PR Newswire) 
  
  
 
 NEW YORK, Dec. 15, 2024 /PRNewswire/ -- Report on how AI is redefining market landscape - The healthcare logistics market in canada size is estimated to grow by USD ...
Canada's Healthcare Logistics Market To Grow By USD 2.34 Billion (2024-2028), Legislative Changes Supporting Pharma Growth And AI Trends - Technavio