The latest report by MarkNtel Advisors, titled “GCC Pharmaceutical Logistics Market Report 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) other and Region 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the GCC Pharmaceutical Logistics Market research report.
What is the market outlook for GCC Pharmaceutical Logistics?
The GCC Pharmaceutical Logistics Market size is estimated to grow at a CAGR of around 7% during the forecast period 2023–28.
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Major Companies Operating in the GCC Pharmaceutical Logistics Industry:
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
GCC Pharmaceutical Logistics Market Report Segmentation:
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.
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
Learn More About the Market Report – https://www.marknteladvisors.com/research-library/gcc-pharmaceutical-logistics-market.html
Regional Insights:
By Country
-The UAE
-Saudi Arabia
-Qatar
-Oman
-Bahrain
-Kuwait
-Rest of GCC
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.
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