GCC Pharmaceutical Logistics Market A Dive from 7% CAGR in 2023-28| MarkNtel Advisors

MarkNtel Advisors has recently released an all-encompassing report on GCC Pharmaceutical Logistics market. The report thoroughly explores the present and future market scenarios, providing valuable insights into market size, share, and competitor segmentation. It also delivers an overview of manufacturers, regions, product categories, and application areas. This extensive research is designed to empower clients with the knowledge required to comprehend and capitalize on market trends for their business strategies.

Forecast 2024-30: Revealing GCC Pharmaceutical Logistics Market Insights and Analysis

The GCC Pharmaceutical Logistics Market is anticipated to grow at a CAGR of around 7% during the forecast period, i.e., 2023-28.

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Driving Innovation: Exploring the GCC Pharmaceutical Logistics Market and its Growth Challenge

Growth Challenge: Container Shortage and Reverse Logistics

In the GCC region, the UAE is the epicenter for distributing pharma products across neighboring countries like Saudi Arabia, Bahrain, Qatar, Oman, etc. The panic buying of medicines, drugs, surgical equipment, and devices, among other pharma products, in 2020, owing to the Covid-19 pandemic, led to a drastic shortage of containers & vessels. As a result, it affected the UAE's imports of pharma products from countries like the US, India, Japan, Germany, etc., and exports to neighboring countries.

With this shortage of containers, exporters witnessed a notable surge of nearly 50-60% in freight charges & container rent, which severely impacted business activities across the region. Hence, the shortage of containers & the issue of reverse logistics owing to the unprecedented return of containers has hindered the growth of the GCC Pharmaceutical Logistics Market.

India is one of the major exporters of pharma products like generic drugs, chemicals, petroleum products, etc., to the UAE. Hence, the shortage in container demand across India also disrupted the imports of the UAE's pharma products, which posed a challenge for logistic companies across the GCC. Even in 2021, this problem continued among various logistic players in the region.

GCC Pharmaceutical Logistics Market: Key Players

-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

Get More Information On the GCC Pharmaceutical Logistics Market Report:   https://www.marknteladvisors.com/research-library/gcc-pharmaceutical-logistics-market.html

GCC Pharmaceutical Logistics Market Segmentation Outline:

By Mode of Transport (Route)

-Air

-Road

-Sea

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

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

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