Markntel Advisors, a leading consulting, data analytics, and market research firm, recently published an analytical report description that describes the recent achievements and developments of prominent players including new launching of innovative products, strategic collaborations, or partnerships, that bolster the growth of the GCC Pharmaceutical Logistics market. The research report on the GCC Pharmaceutical Logistics Market presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts.
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The report further comprises, “GCC Pharmaceutical Logistics Market Research Report: Forecast (2023-2028)”,
The Market is likely to grow at a CAGR of around 7% during the forecast period, i.e., 2023-28.
Download the PDF Sample Copy (Including FULL TOC, Graphs, and Tables) of this Report – https://www.marknteladvisors.com/query/request-sample/gcc-pharmaceutical-logistics-market.html
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 Analysis Based On Segment, Geography
The GCC Pharmaceutical Logistics market is segmented into significant segments based on:
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.
Read Detailed Index of full Research Study at – https://www.marknteladvisors.com/research-library/gcc-pharmaceutical-logistics-market.html
Top Companies Essentially Working in GCC Pharmaceutical Logistics Market
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.
Frequently Asked Questions (FAQs)-
- What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- What leading factors would propel and impede the industry across the geography?
- How has the industry been evolving in terms of geography & GCC Pharmaceutical Logistics adoption?
- How has the competition been shaping up across the geography?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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