Rising Demand for Over-the-Counter Medicine Propels the Growth of the GCC Pharmaceutical Logistics Market

According to MarkNtel Advisors’ research report, “GCC Pharmaceutical Logistics Market Analysis, 2021,” the market is likely to grow at a CAGR of around 7% during 2021-26. Implementation of logistics in the pharmaceutical industry facilitates the continuous supply of medical devices, equipment, and drugs from manufacturers or suppliers at different locations. Hence, the increasing production of biological drugs and the soaring trend of outsourcing are the prime aspects booming the demand for Pharmaceutical Logistics across GCC nations.

Additionally, the burgeoning need for shipping large volumes of pharmaceutical products over long distances, growing demand for over-the-counter products, and the increasing importance of fast-track assistance in the healthcare industry are other crucial aspects likely to augment the overall market growth.

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Key Questions Answered in the Study
1. What are the current and future trends in the GCC Pharmaceutical Logistics market?
2. How has the market been evolving in terms of geography and services adoption?
3. How has the competition been shaping across different countries, followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the GCC Pharmaceutical Logistics market?
5. What are the customer orientation, purchase behavior, and expectations from the GCC Pharmaceutical Logistics market service providers across various countries?

Pharmaceutical Companies to Dominate the GCC Pharmaceutical Logistics Market
Based on End-User, the market bifurcates into Hospitals, Laboratories, and Pharmaceutical Companies. Among these three, the Pharmaceutical companies dominated the GCC Pharmaceutical Logistics Market in the previous few years. Most pharmaceutical products require temperature-controlled storage and damage-free handling & transportation to maintain their integrity.

Therefore, the significance of logistics has rapidly increased among all pharma companies to deliver products to customers on time and in a secure mode, thereby retaining their integrity. Further, the rising & extensive presence of pharmaceutical industries at different locations is another crucial aspect likely to fuel the demand for pharmaceutical logistics across GCC nations, thereby propelling the overall market growth.

For detailed overview: https://www.marknteladvisors.com/research-library/gcc-pharmaceutical-logistics-market.html

“GCC Pharmaceutical Logistics Market Analysis, 2021” provides comprehensive, qualitative, and quantitative insights on the market potential, key factors impacting the market growth, hotspots, and opportunities available for Pharmaceutical Logistics providers across the countries. Moreover, the report also encompasses the key strategic imperatives for competitors' success and strategic factorial indexing to measure their capabilities on 16 parameters, which will help companies formulate 'Go to Market' strategies and identify the blue ocean for their offerings.

3PL (Third-Party) Accounted for the Largest Share of GCC Pharmaceutical Logistics Market
Based on the Logistics Provider Type, the market bifurcates into 3PL (Third-Party), 4PL (Fourth-Party), and Integrated Logistics. Of these three, the 3PL (Third-Party) Logistics Provider segment acquired the largest market share in the previous few years as these logistics providers offer a wide range of services.

They not only provide the transportation of products but also include order management and excellent customer care services. Moreover, they ensure on-time deliveries of pharmaceuticals products to end-users and help in cost savings. Hence, these factors contribute to the segment growth, reveals MarkNtel Advisors in their research report, “GCC Pharmaceutical Logistics Market Analysis, 2021.”

According to MarkNtel Advisors, the major leading players in the GCC Pharmaceutical Logistics Market are 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.

Market Segmentation:
1. By Mode of Transport (Route) (Air, Road, Sea)
2. By Product Type (General Drugs & Medicines, Surgical Goods & Medical Devices, Chemical Pharma Products, Bio-Pharma & Specialized Pharma Products)
3. By Service Type (Transportation & Freight Forwarding, Warehousing, Cross-Docking, Value Added Services (Inventory management, Packaging, Labelling, etc.), Others (Customs Brokerage, Marketing, Call Support))
4. By Storage Type (Refrigerated [Ultra-frozen (Less than 0°C), Chilled (1°C - 10°C), Air-conditioned (Above 11°C)], Ambient)
5. By Logistics Provider Type (3PL (Third-Party), 4PL (Fourth-Party), Integrated Logistics)
6. By End-User (Hospitals, Laboratories, Pharmaceutical companies, Others)
7. By Country (UAE, Saudi Arabia, Qatar, Oman, Bahrain)
8. By Competitors (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.)

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MarkNtel Advisors is a leading research, consulting and data analytics firm that provides a wide range of strategic reports on diverse industry verticals to a substantial and varied client base that includes multinational corporations, financial institutions, governments, and individuals.

We specialize in niche industries and emerging geographies to support our clients in the formulation of strategies viz. Go to Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, trend analysis, etc. in around 15 industry verticals to enable our clients in identifying attractive investment opportunities and maximizing ROI through an early mover advantage.

This release was published on openPR.