The healthcare logistics market in Canada size is expected to grow by USD 2.34 billion between 2023 and 2028. However, the growth momentum of the market will progress at a CAGR of 10.15% during the forecast period. The market is segmented based on Type (Non-cold chain and Cold chain), Service (Transportation and Warehousing), and Product (Pharmaceutical products and Medical devices). The report analyses the market size and growth and provides accurate predictions on the growth of the market.

The increasing development of healthcare products with special logistics needs drives the healthcare logistics market in Canada. The majority of medicines and medical equipment used in the country are imported from other countries. Given the safety and quality of medical devices and pharmaceutical products, the US pharma companies benefited from the similarity of regulations in the US and Canada. Furthermore, manufacturers are availing the services of logistics service providers with expertise in cold chain logistics for the transportation of new pharmaceutical products.

Source : Yahoo Finance
Source Url : https://finance.yahoo.com/news/healthcare-logistics-market-canada-increase-230000488.html