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Top Insights on the Pharmaceuticals Logistics Market in North America| Technavio
[January 19, 2018]

Top Insights on the Pharmaceuticals Logistics Market in North America| Technavio


The pharmaceuticals logistics market in North America is expected to grow at a CAGR of close to 5% during the period 2018-2022, according to a new market research study by Technavio.

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Technavio has published a new market research report on the pharmaceutical logistics market in North ...

Technavio has published a new market research report on the pharmaceutical logistics market in North America 2018-2022 under their transportation and logistics library. (Graphic: Business Wire)

The report categorizes the pharmaceuticals logistics market in North America by supply chain that includes cold chain and non-cold chain. The report also determines the geographic breakdown of the market in terms of detailed analysis and impact, which includes key geographies such as US, Canada, and Mexico.

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Market driver: rise in pharmaceutical sales

There was a notable growth in the pharmaceutical market in North America during the period 2005-2015 with the growth rate being around 10%. This growth is expected to continue during the forecast period. The sales of generic drugs in the US were estimated at approximately USD 70 billion in 206 that was nearly a quarter of the global market. The main reason for the rise in generic drug sales is the expiry of several patents on drugs as well as reforms in the healthcare sector favoring generics.



According to a senior analyst at Technavio for logistics research, "Another major market for pharmaceutical exporters based in the US is Canada. Canada is among the top 10 pharmaceutical markets in the world. Healthcare spending in Canada has nearly doubled because of the increase in the older population and economic growth."

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Market trend: consolidation in North American pharmaceutical logistics market

The market is highly fragmented due to the presence of several local and national level players. To gain access to extended networks and proprietary knowledge, many big players are using consolidation as a tool. Consolidation assists big logistics firms in gaining new technologies and expertise from local players and in turn, provides small vendors the financial and infrastructural support that they require.

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Some of the players in the market are:

  • Agility
  • FedEx
  • DHL
  • DSV
  • UPS

The pharmaceuticals logistics market in North America is highly fragmented with the presence of several large and small players. Secured pharmaceutical supply chain functions and cloud-based supply chain solutions are the areas in which these players are currently competing. Pharmaceutical manufacturers are the only customers in the market. Product diversification is the major aim of 3PL logistics providers. Due to the constant evolution of pharmaceutical products, the product portfolio of manufacturers will change, and this will affect the efficiency of the providers.

Get a sample copy of the pharmaceuticals logistics market in North America report free of cost.

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About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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