Saudi Arabia Pharma Logistics Market is expected to reach about USD 900 Million by the year ending 2025: Ken Research
• 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: -
Key Segments Covered in KSA Pharma Logistics Market: -
By Service Mix
KSA Pharma Freight Forwarding Market
By Mode of Freight
By Type of Transport
By 3PL & Integrated Logistics
By Type of Delivery
By Flow Corridors
Others (North America, South America & Africa Region)
KSA Pharma Warehousing Market
By 3PL & Integrated Logistics
By Type of Warehouse
Key Target Audience
International Domestic Freight Forwarders
Pharmaceutical Dealers and Distributors
Ministry of Health
Time Period Captured in the Report:
Historical Period: 2014-2019
Forecast Period: 2019–2025
Oriental Commercial & Shipping Co.
Hala Shipping Services
Arabian Transport Co.
3 Camel Logistics
Motion Supply Chain
Pharma Companies Covered:
Saja Pharma (Tamer Group)
Key Topics Covered in the Report: -
Saudi Arabia Overview and Major Economic & Logistics Zones
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
Related Reports by Ken Research: -
Contact Us: -
Ankur Gupta, Head Marketing & Communications
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.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Saudi Arabia Pharma Logistics Market is expected to reach about USD 900 Million by the year ending 2025: Ken Research here
News-ID: 2161716 • Views: 361
More Releases from Ken Research
Intensifying Scenario of Brand Assessment and Recall: Ken Research
The Brand recall surveys are consummate in order to measure consumers’ notions and opinions connected to the brand to gauge brand awareness and appearance. With the snowballing competition it is commanding to conduct brand tracking investigations to precaution the business sustainability. In addition, the Brand awareness is the enormousness to which a brand is accredited by potential clienteles, and is appropriately associated with the accurate products/services. The Brand Awareness Survey
Digital Enablement, Technological Advancements and Growing Demand from Smaller C …
• The Saudi Traffic Department introduced the facility for online transfer of ownership for sale of vehicles amidst the Covid-19 lockdown to enable transfer without requiring a periodic technical inspection. This move is expected to facilitate used car sales in the future due to increase ease for buyers & sellers. • The adoption of online channels for purchasing cars is rapidly increasing as a spill-over of the Covid-19 pandemic. SyarahOnline, the recently launched
In-Depth Analysis Of The Covid-19 Impact On The Used Car Industry In Saudi Arabi …
The global outbreak of Covid-19 virus has led to massive disruptions in all industries, especially with sectors such as automotive, travel, hospitality & more. The looming public health crisis has claimed over 760 thousand lives globally as of 14th August 2020 and apart from that, it continues to pose a threat to the lives, livelihoods, and businesses across the world. Saudi Arabia is among the top 15 worst Covid-19 hit countries
Philippines Pharmacy Retail Market is expected to grow at a CAGR of 3.0% basis R …
• The increase in the demand for generic medicines is expected to give a boost to the growth in revenues of the Philippines Pharmacy Retail Market. The major growth will happen in the branded generics category with overall generic medicines to grow at a CAGR of 4.7% during the forecasted period of 2019-2025. • The pharmacy chains are anticipated to increase their penetration in the semi-urban and rural regions of the country by
More Releases for Logistics
Healthcare Cold Chain Logistics Market 2020 Business Scenario - AmeriCold Logist …
The Global Healthcare Cold Chain Logistics Market will increase at a compound annual growth rate of 10.09% (approx.) between 2020 and 2026. The Healthcare Cold Chain Logistics Market report is a collection of pragmatic information, quantitative and qualitative estimation by industry experts, the contribution from industry connoisseurs and industry accomplices across the value chain. Furthermore, the report also provides the qualitative results of diverse market factors on its geographies and segments.
Third-Party Logistics Market: Leading Players – XPO Logistics , Yusen Logistic …
Third-Party Logistics Market report provides key information about the industry, including invaluable facts and figures, expert opinions, and the latest developments across the globe. The Report also calculate the market size, the report considers the revenue generated from the sales of This Report and technologies by various application segments. Download Sample PDF copy of this report https://supplydemandmarketresearch.com/home/contact/272389?ref=Sample-and-Brochure&toccode=SDMRSE272389&utm_source=s. The study objectives of this report are: To analyze global Third-Party Logistics status, future forecast,
Asia Logistics Market Leading Vendors by COSCO Logistics, KYE Logistics, KAILUAN …
world economic growth, the Logistics industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Logistics market size to maintain the average annual growth rate of 2.08% from 375 Billion USD in 2014 to 407 Billion USD in 2017, BisReport analysts believe that in the next few years, Logistics market size will be further expanded, we expect that by 2022, The market
Industrial Logistics Robots Industry
Industrial Logistics Robots Market 2018 report focuses on the major drivers and restraints for the global key players. It also provides analysis of the market share, segmentation, revenue forecasts and geographic regions of the market. The report spread across 139 pages with tables and figures in it. Sample Report Download HERE at https://www.researchreportsinc.com/sample-request?id=207718 For competitor segment, the report includes global key players of Industrial Logistics Robots as well as some small players.
Contract Logistics Market is Booming | Sankyu, Allcargo Logistics, CEVA Logistic …
HTF MI recently introduced Contract Logistics Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are CJ Korea Express, Deutsche Post DHL, Hitachi Transport System, Mitsubishi Logistics, Sankyu,
Global Logistics Market Information Report: By Transportation Type (Airways, Waterways, Railways, Roadways), Logistic Type (First Party, Second Party, Third Party) End User (Industrial and Manufacturing, Retail, Healthcare, Oil & Gas) - Forecast 2023 Market Highlights Logistics is a supply chain management part with a detailed organization and implementation of a complex operation. It includes the movement of goods and information between the provider and the receiver. Moreover, logistics is the management of