Latest News- Healthcare Logistics Market in North America: Pharmaceuticals is expected to lead the Product segment during 2025-2029

The Healthcare Logistics Market in North America is being driven by Legislative and regulatory changes supporting growth of pharmaceutical industry

The Healthcare Logistics Market in North America is expected to grow at a CAGR of 9.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 21594.7 million. In the North American healthcare industry, the implementation of Industry 4.0 technologies is revolutionizing logistics and operations. This transformation includes the integration 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. These innovations enable healthcare facilities to optimize supply chain management, enhance patient care, and improve operational efficiency. For instance, the use of sensors and IoT devices facilitates real-time patient monitoring, ensuring timely and effective treatment. By embracing Industry 4.0, North American healthcare organizations can gain strategic and operational advantages, ultimately enhancing patient outcomes and overall business performance. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Pharmaceuticals
  • Medical devices
• Service Type
  • Transportation
  • Warehousing
• Geography
  • North America
    • Canada
    • Mexico
    • US

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Legislative and regulatory changes supporting growth of pharmaceutical industry
• Growing pharmaceutical sales
• Increasing development of healthcare products with special logistics needs

However, the market also witnesses some limitations, which are as follows:

• Managing inventory loss and increased SKUs at warehouses
• High cost of branded drugs
• Barriers in cold chain pharmaceutical logistics

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Market Scope in Healthcare Logistics Market in North America Research Report

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Research Analysis Overview

In North America, the healthcare logistics market encompasses the transportation and warehousing of various healthcare items, including biological pharmaceuticals and temperature-sensitive drugs. Logistics companies play a crucial role in this sector, facilitating e-commerce and international commerce through third-party logistics, freight forwarding, and warehousing. Globalization and online platforms have led to an increase in the sale of healthcare products, from raw materials to finished goods, from manufacturers to consumers. This complex supply chain also includes medical equipment manufacturers, healthcare product companies, medical facilities, and healthcare transportation.

Market Research Overview

The North American healthcare logistics market encompasses revenue generated by logistics companies specializing in the transportation and warehousing of biological pharmaceuticals, temperature-sensitive drugs, and standard healthcare items. According to Technavio, the market size is determined by the revenues of third-party logistics providers offering services such as order fulfillment, inventory forecasting, picking and packing, freight forwarding, and transportation. Key growth drivers include the surge in e-commerce and electronic commerce sales, particularly in the healthcare sector, as well as the digital transformation of truck-dependent businesses to enhance traffic volume management and mitigate congestion.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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