North America Market Analysis
North America in healthcare logistics market is poised to capture over 45.8% revenue share by 2037. The region benefits from a well-established pharmaceutical industry and a robust supply chain infrastructure. Furthermore, according to the International Trade Administration, in January 2024, the U.S. witnessed an estimated 25% rise in medical device exports in the last three years and an estimated import value of USD 600 million in the year 2022. Increasing collaborations between logistics providers and healthcare companies are propelling further market growth in the region.
The market in the U.S. is driven by advancements in technology and the growing demand for temperature-sensitive pharmaceuticals. Additionally, regulatory standards set by the FDA emphasize supply chain transparency, and security, further boosting investments in modern logistics infrastructure. For instance, in February 2022, DHL Supply Chain’s Life Sciences and Healthcare (LSHC) sector invested more than USD 400 million. The investment was aimed at expanding the company’s pharmaceutical and medical device distribution network footprint by 27% in the same year.
Canada healthcare logistics market is witnessing growth due to its emphasis on improving healthcare access across its vast geography. The demand for cold chain logistics has surged particularly vaccine distribution, with a focus on ensuring compliance with Health Canada. Technological innovations, including real-time tracking systems, are being adopted to enhance delivery efficiency and overcome challenges posed by the country’s remote and rural regions.
Asia Pacific Market Statistics
APAC healthcare logistics market is projected to witness the fastest growth during the forecast period. Emerging economies in the region are focusing on improving medical infrastructure and supply chain efficiency to enhance access to medicines and vaccines. International Trade Administration stated in 2024 that India imports nearly 80% of its medical devices, particularly, high-end equipment such as cancer diagnostics, medical imaging, and ultrasonic scans. E-commerce in healthcare is also boosting last-mile delivery innovations in the Asia Pacific.
India market is expanding majorly due to government initiatives such as the Make in India campaign. The rise of telemedicine and home healthcare services further fuels the need for strong delivery networks in the country. For instance, in September 2023, Cipla Limited partnered with Skye Air Mobility and launched drone-powered deliveries of critical medicines for hospitals and pharmacies in the state of Himachal Pradesh, India. Such factors are significantly boosting market innovation and expansion for a greater outcome by the end of 2037.
China market witnesses growth owing to its advanced manufacturing capabilities and extensive cold chain infrastructure. The local government’s focus on healthcare reforms and investments in smart logistics technologies, including IoT and AI, is transforming this sector. Furthermore, the aging demographic of the country demands efficient and reliable logistics support, majorly for home-based care, and specialized treatments.
Author Credits: Radhika Pawar
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