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Saudi Arabia Pharma Logistics Market is expected to reach about USD 900 Million by the year ending 2025: Ken Research

10-16-2020 09:57 AM CET | Logistics & Transport

Press release from: Ken Research

Saudi Arabia Pharma Logistics Market is expected to reach about

• The demand for pharmaceutical products increased in Saudi Arabia during the COVID pandemic but due to the restrictions on travel & trade the market witnessed delayed deliveries.
• The freight forwarding market is anticipated to grow with a CAGR of 11.4% and the warehousing market with a CAGR of 9.6% during the forecast period 2019-2025F
• Local manufacturing of pharma products is leading to an increased demand for logistics services in Saudi Arabia.

Saudi’s Vision 2030 & National Transformation Program (NTP): The Government of Saudi Arabia seeks to expand the private sector’s role in providing healthcare services under Vision 2030 and the National Transformation Program. Vision 2030 & National Transformation Program (NTP) includes plans to expand the privatization of government services, incorporate health IT and digital records, double the number of qualified Saudi nurses by 2020, and increase the number of licensed medical facilities from 40 to 100 by 2020. The Kingdom is focusing on developing new sources of competitiveness to meet its goal of substituting imports in critical segments to avoid potential shortages. It aims to increase the local cluster value add while also transitioning into more complex products with the objective of becoming a leading manufacturer and innovator in the MENA region.

Infrastructure and Technological advancements in transportation and warehousing segments: The government of KSA is taking initiatives for the development of economic zones and logistics centers to accommodate the increasing demand for freight forwarding owing to economic diversification & Vision 2030. KSA government aims to aggressively drive and position 50 islands and 100 miles of the Red Sea as a global tourist destination. Expansion of the Red Sea corridor in Jeddah, the minerals hub in Yanbu, King Abdullah Port, and the NEOM project are also expected to drive the freight forwarding industry.

Government Investment: Saudi Arabian government is investing to improve its port infrastructure that envisages using innovative technological solutions to also automate processes & activities. Companies have started adopting technologies such as WMS, RFID, and others to have an edge over other players in the logistics industry.

The report titled “Saudi Arabia Pharmaceutical Logistics Market Outlook to 2025: Driven by rising demand for a variety of drugs as a result of increasing cases of chronic and lifestyle-related diseases” by Ken Research suggested that the pharma logistics market is further expected to grow in the near future as pharma companies have started manufacturing or assembling the pharma products within the country. The rising demand for a variety of drugs as a result of increasing cases of chronic and lifestyle-related diseases is also a crucial factor that will drive market growth. Pharma Sales is expected to grow at a double-digit CAGR till 2025, signaling increasing pharmaceutical imports and production. The government is also diverting the funds towards creating a robust healthcare infrastructure by building new hospitals which would further lead to an increase in the demand for the logistics services. The market is expected to register a positive CAGR of 10.2% in terms of revenue during the forecast period of 2019-2025F.

For More Information on the Research Report, Click on the Below Link: -
https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/saudi-arabia-pharmaceutical-logistics-market-outlook-to-2025/373313-100.html

Key Segments Covered in KSA Pharma Logistics Market: -
By Service Mix
Freight Forwarding
Warehousing
Value-Added Services

KSA Pharma Freight Forwarding Market
By Mode of Freight
Road Freight
Air Freight
Sea Freight

By Type of Transport
Domestic Freight
International Freight

By 3PL & Integrated Logistics
3PL Logistics
Integrated Logistics

By Type of Delivery
Normal Delivery
Express Delivery

By Flow Corridors
Middle East
European Countries
Asian Countries
Others (North America, South America & Africa Region)

KSA Pharma Warehousing Market
By 3PL & Integrated Logistics
3PL Logistics
Integrated Logistics

By Cities
Jeddah
Riyadh
Dammam
Others

By Type of Warehouse
Ambient
Cold Storage

Key Target Audience
International Domestic Freight Forwarders
Warehousing Companies
Logistics Consultants
Pharmaceutical Dealers and Distributors
Ministry of Health

Time Period Captured in the Report:
Historical Period: 2014-2019
Forecast Period: 2019–2025

Companies Covered:
Mosanada Logistics
Oriental Commercial & Shipping Co.
Hala Shipping Services
Gulf System
Abdui Global
Four Winds
KWE Transport
Arabian Transport Co.
SITCO Logistics
Takhzeen Logistics
Agility Logistics
BAFCO International
Wolf Transport
GAC Logistics
JAS Logistics
3 Camel Logistics
Motion Supply Chain
Uniworld Logistics
NTF Logistics
Kerry Logistics
Kamer Logistics
Tranzone Logistics
Starlinks
RIADCO Logistics

Pharma Companies Covered:
Pfizer
Jamjoom Pharma
GSK
Hikma Pharma
Saja Pharma (Tamer Group)

Key Topics Covered in the Report: -
Saudi Arabia Overview and Major Economic & Logistics Zones
Healthcare Infrastructure
Government Initiatives
Economic zones in Saudi Arabia
Logistics Parks in Saudi Arabia
Cross Comparison of Pharma Logistics Market with GCC Countries
Saudi Arabia Pharmaceutical Manufacturing Clusters
End-User Analysis (Pharma)
Saudi Arabia Pharma Logistics Market
Saudi Arabia Pharma Freight Forwarding Market
Saudi Arabia Pharma Warehousing Market
Industry Analysis (SWOT Analysis, Trade Scenario, Regulations for Import & Export)
Covid-19 Impact on the Pharma Logistics Market
Comparative Landscape – KSA Pharma Logistics Market
Comparative Landscape in Saudi Arabia Pharma Market
Recommendations / Success Factors
Research Methodology
Appendix

Related Reports by Ken Research: -
https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/saudi-arabia-dry-logistics-and-warehousing-market-outlook-to-2025/366821-100.html

https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/philippines-logistics-market-outlook-to-2024/342232-100.html

https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/uae-logistics-and-warehousing-market-outlook/303064-100.html

Contact Us: -
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Ken Research Pvt. Ltd.,
Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India

Ken Research is a Global aggregator and publisher of Market intelligence, equity and economy reports. Ken Research provides business intelligence and operational advisory in 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies.

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