Canada Healthcare Logistics Market Insights Forecasts to 2033

• The Canada Healthcare Logistics Market Size was valued at USD 2.25 Billion in 2023.
• The Market Size is growing at a CAGR of 10.08% from 2023 to 2033
• The Canada Healthcare Logistics Market Size is expected to reach USD 5.88 Billion By 2033

The Canada Healthcare Logistics Market Size is anticipated to exceed USD 5.88 Billion By 2033, growing at a CAGR of 10.08% from 2023 to 2033. The increasing healthcare industry, increasing healthcare expenditure, surging special logistic needs, and e-commerce expansion are driving the growth of the healthcare logistics market in the Canada.     

Market Overview

Healthcare logistics refers to the shipping of medical equipment and medical supplies from manufacturers to healthcare facilities. It also involves handling healthcare-related items such as lab specimens, organs, veterinary medicinal products, etc. Logistics play a crucial role in the healthcare system ensuring that the right products arrive in the right condition, at the right time, and in the right place. The incorporation of advanced technologies and the integration of artificial intelligence (AI), IoT (internet of things), and blockchain in healthcare logistics for enhanced efficiency are bolstering the market growth opportunity. Further, the introduction of green logistics that involves the utilization of electric vehicles, optimized route planning to reduce carbon footprint, and eco-friendly packaging material are enhancing the market growth for healthcare logistics.

Report Coverage

This research report categorizes the market for the Canada healthcare logistics market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Canada healthcare logistics market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Canada healthcare logistics market.

Driving Factors

In Canada, the safe and effective distribution of pharmaceuticals, medical equipment, and other healthcare-related goods depends heavily on healthcare logistics. Thus, the increasing healthcare industry significantly drives the market demand for healthcare logistics. The health system's needs for extra funds and other resources is contributing to driving the market growth. The largest healthcare investment in over 20 years was made by the federal government in its 2023 budget, which increased spending to provinces and territories by $46.2 billion. The growth in the country’s economic activity increases in most healthcare industries, bolstering the market. Customers are increasingly using online platforms for goods from wellness items and medical equipment to prescription refills which is ultimately leads to propel the market growth.

Restraining Factors

The shortage of skilled drivers especially in remote and rural areas slows down the logistics is challenging the Canada healthcare logistics market. Further, the improper infrastructure and demand-supply disparities are negatively affecting the market growth.

Market Segmentation

The Canada Healthcare Logistics Market share is classified into type, service, and product.

• The cold chain segment accounted for the largest market share during the forecast period.

The Canada healthcare logistics market is segmented by type into non-cold chain and cold chain. Among these, the cold chain segment accounted for the largest market share during the forecast period. Biopharma companies are rapidly expanding distribution networks to increase sales, the growing use of automated retrieval and storage systems. Further, the transition from small molecule drugs to biosimilars, mainly vaccines and biologic drugs is contributing to driving the market demand in the cold chain segment.

• The transportation segment is expected to dominate the Canada healthcare logistics market during the forecast period.       

Based on the service, the Canada healthcare logistics market is divided into transportation and warehousing. Among these, the transportation segment is expected to dominate the Canada healthcare logistics market during the forecast period. For the transportation of pharmaceutical items, manufacturers are increasingly turning to logistics service providers with experience in cold chain logistics. The strict regulations governing the storage and transit of healthcare products as well as the increased need for temperature-sensitive transportation are contributing to driving the market.

• The pharmaceutical products segment dominated the Canada healthcare logistics market in 2023.

Based on the product, the Canada healthcare logistics market is divided into pharmaceutical products and medical devices. Among these, the pharmaceutical products segment dominated the Canada healthcare logistics market in 2023. There is a growing use of process automation in the supply chain management of pharmaceutical products as well as the AI-based solution for improving operational efficiency. Due to the rising incidence of chronic illnesses and the need for efficient treatments, there is a growing demand for pharmaceutical products, driving the market demand.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Canada healthcare logistics market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Andlauer Healthcare Group Inc.
• AmerisourceBergen Corp.
• C H Robinson Worldwide Inc.
• Cardinal Health
• CEVA Logistics S A
• DB Schenker
• i2i fulfillment
• FedEx Corp.
• Kuehne Nagel Management AG
• Purolator Inc.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In September 2024, Contract logistics provider Kuehne+Nagel opened its 10th healthcare logistics facility in Canada, announcing it would operate the 270,00-square foot temperature-controlled fulfilment center for its partner, Medtronic.
• In January 2024, Drone Delivery Canada Corp. in Vaughan, Ontario, announced that it has achieved official approval for Beyond Visual Line-of-Sight (BVLOS) flights in tandem with the transportation of dangerous goods for its DroneCare route, marking growth in the development of its drone delivery capabilities in the healthcare market segment.

Market Segment

This study forecasts revenue at Canada, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Canada Healthcare Logistics Market based on the below-mentioned segments:

Canada Healthcare Logistics Market, By Type

• Non-cold chain
• Cold chain

Canada Healthcare Logistics Market, By Service

• Transportation
• Warehousing

Canada Healthcare Logistics Market, By Product

• Pharmaceutical products
• Medical devices