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Pharmaceutical Logistics Market in North America by Application and Geography - Forecast and Analysis 2021-2025

Pharmaceutical Logistics Market in North America by Application and Geography - Forecast and Analysis 2021-2025

Published: Jun 2021 120 Pages SKU: IRTNTR43655

The pharmaceutical logistics market in North America has the potential to grow by USD 3.56 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 4.15%.

This pharmaceutical logistics market in North America research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by application (non-cold chain and cold chain) and geography (the US, Canada, and Mexico). The pharmaceutical logistics market in North America report also offers information on several market vendors, including Agility Public Warehousing Company KSCP, Air Canada, C.H. Robinson Worldwide Inc., Deutsche Post DHL Group, Expeditors International of Washington Inc., FedEx Corp., Kuehne + Nagel International AG, Penske Truck Leasing Co. LP, Ryder System Inc., and United Parcel Service Inc. among others.

What will the Pharmaceutical Logistics Market Size in North America be in 2021?

Pharmaceutical-Logistics-Market-In-North-America-Market-Size-2020-2025

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Pharmaceutical Logistics Market in North America: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The rise in pharmaceutical sales is notably driving the pharmaceutical logistics market growth in North America, although factors such as operational issues may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the pharmaceutical logistics market in North America get your FREE report sample now.

This pharmaceutical logistics market in North America analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Pharmaceutical Logistics Market Vendors in North America?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Agility Public Warehousing Company KSCP
  • Air Canada
  • C.H. Robinson Worldwide Inc.
  • Deutsche Post DHL Group
  • Expeditors International of Washington Inc.
  • FedEx Corp.
  • Kuehne + Nagel International AG
  • Penske Truck Leasing Co. LP
  • Ryder System Inc.
  • United Parcel Service Inc.

 

The pharmaceutical logistics market in North America is fragmented and the vendors are deploying growth strategies such as investing in cloud-based supply chain solutions to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the pharmaceutical logistics market in North America forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Pharmaceutical Logistics Market in North America?

Pharmaceutical-Logistics-Market-In-North-America-Market-Share-by-Region-2020-2025

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77% of the market’s growth will originate from the US during the forecast period. Market growth in this region will be slower than the growth of the market in Canada.

The continued growth of specialty pharmaceuticals will facilitate the pharmaceutical logistics market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Application Segments in the Pharmaceutical Logistics Market in North America?

Pharmaceutical-Logistics-Market-In-North-America-Market-Share-by-Application-2020-2025

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Healthcare products that require refrigeration, such as insulin and vaccines are transported and stored under the cold chain network. Products that are more temperature-sensitive are more complex to handle. Many top-selling pharmaceutical products require cold chain logistics. The increase in the number of refrigerated pharmaceutical products will provide a boost to the market for cold chain pharmaceutical logistics.

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the pharmaceutical logistics market size in North America.

 

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What are the Key Factors Covered in this Pharmaceutical Logistics Market in North America Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive pharmaceutical logistics market growth in North America during the next five years
  • Precise estimation of the pharmaceutical logistics market size in North America and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the pharmaceutical logistics market in North America 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of pharmaceutical logistics market vendors in North America 

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Pharmaceutical Logistics Market In North America Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 4%

Market growth 2021-2025

$ 3.56 billion

Market structure

Fragmented

YoY growth (%)

3.50

Regional analysis

US, Canada, and Mexico

Performing market contribution

US at 77%

Key consumer countries

US and Rest of Americas

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Air Canada, C.H. Robinson Worldwide Inc., Deutsche Post DHL Group, FedEx Corp., Ryder System Inc., Penske Truck Leasing Co. LP, United Parcel Service Inc., Agility Public Warehousing Company KSCP, Expeditors International of Washington Inc., and Kuehne+Nagel International AG

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents not available.

Research Methodology

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape

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Frequently Asked Questions

Pharmaceutical Logistics market growth will increase by $ 3.56 bn during 2021-2025.

The Pharmaceutical Logistics market is expected to grow at a CAGR of 4.15% during 2021-2025.

Pharmaceutical Logistics market is segmented by Application( non-cold chain, cold chain) Geographic( US, Canada, Mexico, US, Canada)

Agility Public Warehousing Company KSCP, Air Canada, C.H. Robinson Worldwide Inc., Deutsche Post DHL Group, Expeditors International of Washington Inc., FedEx Corp., Kuehne + Nagel International AG, Penske Truck Leasing Co. LP, Ryder System Inc., United Parcel Service Inc. are a few of the key vendors in the Pharmaceutical Logistics market.

US will register the highest growth rate of 77% among the other regions. Therefore, the Pharmaceutical Logistics market in US is expected to garner significant business opportunities for the vendors during the forecast period.

US, Rest of Americas

  • Rise in pharmaceutical salesThere was notable growth in the pharmaceutical market in North America during the 2010-2020 period. This growth is expected to continue over the forecast period. For instance is the driving factor this market.
  • the US alone contributed to a major part of the growth in the global pharmaceutical market in 2019. The sales of generic drugs in the US in 2019 were nearly a quarter of the global market. The main reason for the rise in the sales of generic drugs is the expiry of many of the patents on drugs as well as reforms in the healthcare sector is the driving factor this market.
  • which favor generics. According to the US COMTRADE database is the driving factor this market.
  • pharmaceutical imports in the US were valued at around $192.52 billion in 2020. The top countries for drug imports into the US were Ireland is the driving factor this market.
  • followed by Germany is the driving factor this market.
  • Switzerland is the driving factor this market.
  • Israel is the driving factor this market.
  • India and China. Canada is one of the leading markets for pharmaceutical exporters based in the US is the driving factor this market.
  • and it is among the top ten pharmaceutical markets in the world. Healthcare spending in Canada has nearly doubled because of the increase in the older geriatric population as well as economic growth. Healthcare spending was nearly $164 billion in 2015 and is expected to reach $190 billion in 2020. With the significant increase in the sales of pharmaceutical products over the forecast period is the driving factor this market.
  • the pharmaceutical logistics market in North America will witness a simultaneous growth in demand. is the driving factor this market.

The Pharmaceutical Logistics market vendors should focus on grabbing business opportunities from the non-cold chain segment as it accounted for the largest market share in the base year.