GCC Pharmaceutical Logistics Market Trends, Share, Growth Drivers, Business Analysis and Future Investment 2028: MarkNte

Market Insights

As per recent research by MarkNtel Advisors, The GCC Pharmaceutical Logistics Market is likely to grow at a CAGR of around 7% during the forecast period, i.e., 2023-28.

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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.

Market Segmentation and Consumer Behavior:

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

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GCC Pharmaceutical Logistics Market Geographical Analysis:

By Country:

The UAE
Saudi Arabia
Qatar
Oman
Bahrain
Kuwait
Rest of GCC

Key Players and Competitive Strategies in the GCC Pharmaceutical Logistics Market

Several prominent players dominate the GCC Pharmaceutical Logistics Market, including:

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

1.What factors are driving the GCC Pharmaceutical Logistics Market growth?

2.How is the GCC Pharmaceutical Logistics Market expected to grow over the next five years?

3.What are the key insights into the current trends in the GCC Pharmaceutical Logistics Market?

4.What is the current size of the GCC Pharmaceutical Logistics Market, and how is it projected to change in the future?

5.What is the future outlook for the GCC Pharmaceutical Logistics Market in terms of technological advancements and market expansion?

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MarkNtel Advisors is a leading research, 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 15 diverse industrial verticals.