Healthcare Logistics Market size in North America to grow at a CAGR of 9.34% from 2022 to 2027, Adoption of legislative and regulatory changes supporting pharma growth expected to drive market growth

NEW YORK, May 10, 2023 /PRNewswire/ — The healthcare logistics market size in North America is estimated to grow by USD 18.4 billion from 2022 to 2027. However, the growth momentum will progress at a CAGR of 9.34% during the forecast period. The market is segmented by Product (Pharmaceuticals and Medical devices) and Service (Transportation and Warehousing). The market share growth by the pharmaceuticals segment will be significant during the forecast period. The pharmaceutical units segment showed a gradual increase in the market share with USD 13.74 billion in 2017 and continued to grow until 2021. For instance, the Food and Drug Administration’s (FDA) Center for Drug Evaluation and Research (CDER) has approved 46 new drugs or new molecular entity (NME) drugs in 2021. The adoption of legislative and regulatory changes supporting pharma growth is the major driving factor for the North America healthcare logistics market. Strict regulation in the medical and pharmaceutical industry is the biggest entry barrier to the new players and the introduction of new drugs to the market. Moreover, the Government of Canada implements several compulsory health and medical insurance schemes that provide basic health care and easy payment of medical expenses for individuals. Download the Sample Report in minutes!

Healthcare Logistics Market Insights –

• Vendors: 15+, Including Air Canada, AmerisourceBergen Corp., AP Moller Maersk AS, Bollore SE, C H Robinson Worldwide Inc., CMA CGM SA, Cold Chain Technologies, Deutsche Bahn AG, Deutsche Post AG, DSV AS, FedEx Corp., Hellmann Worldwide Logistics SE and Co KG, Kuehne Nagel Management AG, Nippon Yusen Kabushiki Kaisha, Noatum Holdings SLU, Owens and Minor Inc., SEKO Logistics, UniGroup CA, United Parcel Service Inc., and VersaCold Logistics Services among others

• Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors

• Segments: Product (Pharmaceuticals and Medical devices) and Service (Transportation and Warehousing)

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Healthcare logistics market in north america – Vendor Insights

The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio’s report analyzes the market’s competitive landscape and offers information on several market vendors.

Healthcare Logistics Market In North America – Market Dynamics

Major Trends –

The advent of pharma 4.0 and logistics 4.0 is a major trend that fuels the North America healthcare logistics market. Technology transforms industries by integrating advanced technologies into traditional manufacturing and industrial processes. They describe the use of new digital technologies and intelligent automation in business and production processes. Moreover, these technologies help companies create connected, intelligent systems with the ultimate goal of achieving strategic and operational benefits. The emergence of advanced technologies such as 3D printing, additive manufacturing, the Industrial Internet of Things (IIoT), artificial intelligence (AI), augmented reality, virtual reality, and big data analytics has been a positive sign of Industry 4.0. Hence, such trends fuel the market growth during the forecast period.

Key challenges – 

The high cost of branded drugs is a major challenge that can majorly impede the growth of the North America healthcare logistics market. One of the major factors restraining the growth of the pharmaceutical industry, especially in the United States, is the high cost of medicines. For instance, Harvoni (ledipasvir + sofosbuvir) is a combination drug indicated for the hepatitis C virus, around USD 595 per tablet in the UK and around USD 1,500 in the US. Hence, such challenges hinder the market growth during the forecast period.

Drivers, & Challenges have an impact on market dynamics and can impact
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What are the key data covered in this Healthcare Logistics Market In North America report?

• CAGR of the market during the forecast period

• Detailed information on factors that will drive the growth of the healthcare logistics market in North America between 2023 and 2027

• Precise estimation of the size of the healthcare logistics market in North America and its contribution to the market with a focus on the parent market

• Accurate predictions about upcoming trends and changes in consumer behavior

• Growth of the healthcare logistics market in North America across North America

• A thorough analysis of the market’s competitive landscape and detailed information about vendors

• Comprehensive analysis of factors that will challenge the growth of the healthcare logistics market in North America vendors

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Table of Contents:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Product

7 Market Segmentation by Service

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

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