GCC Pharmaceutical Logistics

GCC Pharmaceutical Logistics Market Research Report: Forecast (2022-2027)

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 Serv Read more

  • Healthcare
  • Mar 2022
  • 211
  • HC55016

Market Definition

The pharmaceutical industry utilizes logistics services for the overall administration of pharma products, viz., from where they are acquired, stored, & moved. It enables the constant supply of drugs, medicines, healthcare equipment & devices from manufacturers & distributors across different locations. Furthermore, pharmaceutical logistics differ from other logistics chains given the complexity, products, & costs involved.

With the mounting need for pharmaceutical products owing to growing cases of chronic diseases in gulf countries, many regional healthcare institutes have shown active interest in collaborating with pharma manufacturers to extend the drug delivery system across the region. In this regard, the need for a comprehensive & efficient supply chain network would become an opportunity for logistic firms and, in turn, would promote the expansion of the GCC pharmaceutical logistics industry in the coming years.

Market Insights

The GCC Pharmaceutical Logistics Market is likely to grow at a CAGR of around 7% during the forecast period, i.e., 2022-27. 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.

Report Coverage Details
Study Period Historical Data: 2017-20
Base Year: 2021
Forecast Period: 2022-27
CAGR (2022-2027) 7%
Country Covered UAE, Saudi Arabia, Qatar, Oman, Bahrain, Kuwait
Key Companies Profiled 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 & Shipping Co. Ltd.
Unit Denominations USD Million/Billion

 

The GCC pharmaceutical sector is still in its early phases, with medication manufacturing in its infancy owing to numerous challenges, including the robust foothold of patent drug providers. Most medications used in the GCC region are of foreign origin, as 80% of the pharma products are imported from international companies.

Governments of GCC countries have been backing joint ventures & license agreements with international pharmaceutical enterprises to boost local medicine manufacturing. As a result, the need for pharma logistics has significantly increased across the gulf.

Nevertheless, the extensive local manufacturing by pharma companies like GlaxoSmithKline & Sanofi, a significantly rising demand for medication for chronic diseases, and the launch of logistics services for the pharma industry in the UAE & Saudi Arabia are other crucial aspects projected to drive the market through 2027.

Furthermore, the considerably growing medical tourism in the UAE & Saudi Arabia is another vital factor contributing significantly to the growing demand for pharma logistics in the GCC region. Due to this, the demand for pharmaceutical drugs & medicines is mounting rapidly to suffice the requirements of increasing tourist count.

Impact of the Covid-19 Pandemic on the GCC Pharmaceutical Logistics Market

The Covid-19 pandemic in 2020 pushed various pharmaceutical companies to invest massively in the development of effective vaccines & drugs, with rising expenditure on the logistic sector by pharmaceutical industries to ensure the safety of pharmaceutical products. Moreover, the demand for drugs has been rapidly growing in the current health situation to cure the coronavirus disease.

The surging demand for surgical goods & medical devices like PPE kits, oximeters, face shields, N95 & N99 masks, etc., across the GCC region, owing to their critical use for doctors, nurses, & people, has enabled countries like the UAE, Bahrain, & Saudi Arabia to produce these products locally and supply them both to neighboring countries & internationally. These aspects have fueled the GCC Pharmaceutical Logistics Market amidst the pandemic. For instance:

In 2020, Bahrain set up its first 750 square meter factory to produce 2 million high-standard medical-grade facemasks (N95, 3 million surgical PLY3) to combat coronavirus. 

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
    4. Market Segmentation
  2. Preface
  3. Executive Summary
  4. Impact of COVID-19 on GCC Pharmaceutical Logistics Market
  5. Impact of IoT on GCC Pharmaceutical Logistics Market
  6. GCC Pharmaceutical Logistics Market Trends & Insights
  7. GCC Pharmaceutical Logistics Market Hotspots & Opportunities
  8. GCC Pharmaceutical Logistics Market Supply Chain Analysis
  9. GCC Pharmaceutical Logistics Market Government Regulations & Policies, 2017-2027
  10. GCC Pharmaceutical Logistics Market Outlook, 2017-2027
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1.  By Mode of Transport (Route)
        1. Air
        2. Road
        3. Sea
      2. By Product Type
        1. General Drugs & Medicines
        2. Surgical Goods & Medical Devices
        3. Chemical Pharma Products
        4. Bio-Pharma & Specialized Pharma Products
      3. By Service Type
        1. Transportation & Freight Forwarding
        2. Warehousing
        3. Cross-Docking
        4. Value Added Services (Inventory management, Packaging, Labelling, etc.)
        5. Others (Customs Brokerage, Marketing, Call Support)
      4. By Storage Type
        1. Refrigerated
          1. Ultra-frozen (Less than 0°C)
          2. Chilled (1°C - 10°C)
          3. Air-conditioned (Above 11°C)
        2. Ambient
      5. By Logistics Provider Type
        1. 3PL (Third-Party)
        2. 4PL (Fourth-Party)
        3. Integrated Logistics
      6. By End Users
        1. Hospitals
        2. Laboratories
        3. Pharmaceutical companies
        4. Others
      7. By Country
        1. UAE
        2. Saudi Arabia
        3. Qatar
        4. Oman
        5. Bahrain
        6. Kuwait  
  11. UAE Pharmaceutical Logistics Market Outlook, 2017-2027
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Mode of Transport (Route)
      2. By Product Type
      3. By Service Type
      4. By Storage Type
      5. By Logistics Provider Type
      6. By End Users
  12. Saudi Arabia Pharmaceutical Logistics Market Outlook, 2017-2027
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Mode of Transport (Route)
      2. By Product Type
      3. By Service Type
      4. By Storage Type
      5. By Logistics Provider Type
      6. By End Users
  13. Qatar Pharmaceutical Logistics Market Outlook, 2017-2027
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Mode of Transport (Route)
      2. By Product Type
      3. By Service Type
      4. By Storage Type
      5. By Logistics Provider Type
      6. By End Users
  14. Oman Pharmaceutical Logistics Market Outlook, 2017-2027
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Mode of Transport (Route)
      2. By Product Type
      3. By Service Type
      4. By Storage Type
      5. By Logistics Provider Type
      6. By End Users
  15. Bahrain Pharmaceutical Logistics Market Outlook, 2017-2027
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Mode of Transport (Route)
      2. By Product Type
      3. By Service Type
      4. By Storage Type
      5. By Logistics Provider Type
      6. By End Users
  16. Kuwait Pharmaceutical Logistics Market Outlook, 2017-2027
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Mode of Transport (Route)
      2. By Product Type
      3. By Service Type
      4. By Storage Type
      5. By Logistics Provider Type
      6. By End Users
  17. GCC Pharmaceutical Logistics Market Dynamics
    1. Growth Drivers
    2. Challenges
    3. Impact Analysis
  18. GCC Pharmaceutical Logistics Market Key Strategic Imperatives for Success & Growth
  19. By Competitor
    1. Competition Characteristics
    2. Key Competitor & Their Capabilities
    3. Competitor Factorial Indexing
  20. Company Profiles
    1. Kuehne+Nagel Middle East
    2. Aramex
    3. Agility
    4. Emirates SkyCargo
    5. Qafila
    6. RHS Logistics
    7. Nawara Transportation & Freight Co.
    8. Kerry Logistics Middle East L.L.C.
    9. Yusen Logistics (Middle East) L.L.C.
    10. Mosanada Logistics Services
    11. Oriental Commercial and Shipping Co. Ltd.
  21. Disclaimer
GCC Pharmaceutical Logistics Market Segmentation
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