GCC Pharmaceutical Logistics Market Poised for Sustainable Expansion: Forecasts 7% CAGR from 2023 to 2028.

GCC Pharmaceutical Logistics Market: In-Depth Analysis and Forecasts for 2023-2028

MarkNtel Advisors, a leading market research firm, has showed its latest study titled "GCC Pharmaceutical Logistics Market", offering a detailed industry overview and market perspective. This comprehensive research provides insights into the current state of the market, highlighting recent advancements and emerging trends.

The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.

Analysis and Insights into the GCC Pharmaceutical Logistics Market: 2023-2028

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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What are the primary factors driving the growth of the GCC Pharmaceutical Logistics Market?

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:

The GCC Pharmaceutical Logistics market is categorized in to different segments. Analyzing growth across these segments enables a comprehensive understanding of key growth areas within the industry. This segmentation provides valuable market insights, empowering stakeholders to make strategic decisions and identify primary market applications effectively.

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

Geographical Analysis into the GCC Pharmaceutical Logistics Market:

The GCC Pharmaceutical Logistics market is categorized based countries:

The UAE
Saudi Arabia
Qatar
Oman
Bahrain
Kuwait
Rest of GCC

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Competitive Landscape and GCC Pharmaceutical Logistics Market Share Analysis:

The competitive landscape of the GCC Pharmaceutical Logistics Market includes comprehensive details about competitors. These details encompass company overviews, financial performance, revenue generation, market potential, investments in research and development, new market strategies, production facilities, strengths and weaknesses, product launches, ongoing trials, approvals, patents, product range, dominant applications, and technology life cycle.

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

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Questions Addressed in this Study

What factors are driving the GCC Pharmaceutical Logistics Market growth?
How is the GCC Pharmaceutical Logistics Market expected to grow over the next five years?
What are the key insights into the current trends in the GCC Pharmaceutical Logistics Market?
What is the current size of the GCC Pharmaceutical Logistics Market, and how is it projected to change in the future?
What is the future outlook for the GCC Pharmaceutical Logistics Market in terms of technological advancements and market expansion?

Why choose MarkNtel?

MarkNtel Advisors is a leading market research company, consulting, data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial varied client base, including multinational corporations, financial institutions, governments, individuals, among others.

Our specialization in niche industries emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing forecasting, trend analysis, among others, for 14.8 diverse industrial verticals.