Comprehensive Overview of the GCC Pharmaceutical Logistics Market: Size, Trends, and Growth Forecast for 2023-2028

Markntel Advisors’ report, GCC Pharmaceutical Logistics Research Report: Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2028, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the GCC Pharmaceutical Logistics presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.

GCC Pharmaceutical Logistics Market Industry Research Report & Market Summary:

The GCC Pharmaceutical Logistics Market is likely to grow at a CAGR of around 7% during the forecast period, i.e., 2023-28. The growth of the market is likely to be driven primarily by the rising inclination towards biological drugs and the increasing prevalence of chronic diseases across GCC countries.

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GCC Pharmaceutical Logistics Market Dynamics:

Key Driver-

Mounting Cases of Chronic Diseases & Unhealthy Eating Habits

The rising prevalence of chronic diseases like cancer, diabetes, heart issues, & kidney disorders across the GCC region is the prime aspect driving the GCC Pharmaceutical Logistics Market through 2028. Some major countries like Saudi Arabia, the UAE, Kuwait, etc., with a large population, have reported an upsurge in chronic disease patients.

In addition, unhealthy eating habits and genetic disorders are primarily responsible for the growing diabetic population in the GCC. Lifestyle diseases have been rising across the region, due to which the demand for drugs has increased significantly. Due to these factors, the pharmaceutical logistics market in GCC is considerably growing as there is a notable demand for over-the-counter (OTC) drugs.

The leading market players have grasped lucrative opportunities to place their logistics services by home delivery of medicines, collaborating with hospitals, taking contract logistics agreements, etc. For instance:

In April 2020, Bahrain health centers launched chronic disease medicine home delivery to ensure the health, safety, & comfort of patients.
In September 2019, Emirates, Pfizer, and the UAE Ministry of Health & Prevention announced the launch of a prevention campaign for chronic diseases to increase health literacy & public awareness for the global health threat of non-communicable diseases.

GCC Pharmaceutical Logistics Market Segmentation Analysis:

According to MarkNtel study the market is segmented into the following categories:

By Mode of Transport (Route)

Air
Road
Sea

Of these three, Roads attained the largest share in the GCC Pharmaceutical Logistics Market during 2023-28. It owes to the increased local production of pharmaceutical products in countries like the UAE & Saudi Arabia to attract local & international companies to meet the needs of the domestic market. Besides, in GCC countries, almost all places are easily accessible via road.

By Product Type

General Drugs & Medicines
Surgical Goods & Medical Devices
Chemical Pharma Products
Bio-Pharma & Specialized Pharma Products

By Service Type

Transportation & Freight Forwarding
Warehousing
Cross-Docking
Value Added Services (Inventory management, Packaging, Labelling, etc.)
Others (Customs Brokerage, Marketing, Call Support)

By Storage Type

Refrigerated
Ultra-frozen (Less than 0°C)
Chilled (1°C – 10°C)
Air-conditioned (Above 11°C)
Ambient

Here, the demand for Refrigerated storage is projected to witness the highest growth in the market during 2023-28. It owes to the rising focus on bio-based products where there are many pre-conditions for the shipment of life science. Most pharmaceutical products, including vaccines, bio-products, and surgical goods, require refrigerated storage throughout handling & transportation to maintain product integrity. Hence, the need for refrigerated storage is likely to be significantly high in the forecast period.

By Logistics Provider Type

3PL (Third-Party)
4PL (Fourth-Party)
Integrated Logistics

By End Users

Hospitals
Laboratories
Pharmaceutical companies
Others

By Country

The UAE
Saudi Arabia
Qatar
Oman
Bahrain
Kuwait
Rest of GCC.

Amongst all countries across the GCC region, Saudi Arabia acquired the largest share of the Pharmaceutical Logistics Market in the previous few years. It attributes primarily to the rapid rise in the geriatric population of the country and burgeoning instances of chronic diseases like cancer, hypertension, diabetes, & cardiovascular, among others.

As indicated in the latest market research report published by Markntel Advisors, “GCC Pharmaceutical Logistics Research Report: Forecast (2023-2028)”, this report offers a detailed analysis of the industry, featuring insights into the GCC Pharmaceutical Logistics. It encompasses competitor and geographical analyses, as well as recent advancements in the market.

Browse Full Report Along with TOC and Figures – https://www.marknteladvisors.com/research-library/gcc-pharmaceutical-logistics-market.html

Top Companies Operating in the GCC Pharmaceutical Logistics Market:

Kuehne+Nagel Middle East
Aramex
Agility
Emirates SkyCargo
Qafila
RHS Logistics
Nawara Transportation & Freight Co.
Kerry Logistics Middle East L.L.C.
Yusen Logistics (Middle East) L.L.C.
Mosanada Logistics Services
Oriental Commercial and Shipping Co. Ltd.
Others.

Note – If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

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Other Report:

Key Report Highlights:

Market Dimensions & Projections
Pricing Evaluation,
Recent Strategic Moves by Companies,
Primary Stakeholders,
Analysis of Import and Export Trends,
Competitive Landscape Assessment,
Emerging Opportunities,
Market Trends and Indicators

Frequently Asked Questions (FAQs)-

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