According to Markntel Advisors Report, Saudi Arabia Pharmaceutical Logistics Market is expected to grow at a significant growth rate, and the analysis period is 2024-2030, considering the base year as 2023. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
Pharmaceutical logistics pertains to the management of the transportation, storage, and distribution of medications and medical devices. It encompasses all the processes necessary to ensure that drugs and medical supplies are delivered to their intended destinations on time and in optimal condition. This field is essential for ensuring that hospitals, clinics, pharmacies, and other healthcare facilities receive the pharmaceutical products they need to diagnose, prevent, treat, or cure diseases and medical conditions.
Saudi Arabia Pharmaceutical Logistics Market Research Report & Summary:
The Saudi Arabia Pharmaceutical Logistics Market size was valued at around USD 1.19 billion in 2023 & is estimated to grow at a CAGR of around 6.33% during the forecast period, i.e., 2024-30.
Time Period Captured in the Report:
- Historical Years: 2019-22
- Base Years: 2023
- Forecast Years: 2024-2030
Who are the Key Players Operating in the Saudi Arabia Pharmaceutical Logistics Market?
The top companies of the Saudi Arabia Pharmaceutical Logistics Market ruling the industry are:
DHLGroup, FedEx, CEVA Logistics, Hellman Worldwide Logistics, DB Schenker, DSV, SMSA Express Transportation Company Ltd., Kuehne+Nagel, Aramex, Nupco, and others
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Saudi Arabia Pharmaceutical Logistics Industry Recent Development:
In 2024, Emirates SkyCargo unveiled a series of innovative solutions aimed at revolutionizing pharmaceutical logistics. The company introduced thermal covers to reduce risks in temperature-controlled environments, with the expansion of the fleet of cool trucks, cool dollies, and hybrid containers furnished with dry ice, phase change, and nitrogen technology to ensure the safe transport of frozen items.
What is Included in Saudi Arabia Pharmaceutical Logistics Market Segmentation?
The Saudi Arabia Pharmaceutical Logistics Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
-By Product Type
-Generic/Branded Drugs & Medicines- Market Size & Forecast 2019-2030, (USD Million)
-Surgical Goods & Medical Devices - Market Size & Forecast 2019-2030, (USD Million)
-By Mode of Transport
-Air- Market Size & Forecast 2019-2030, (USD Million)
-Railway- Market Size & Forecast 2019-2030, (USD Million)
-Road- Market Size & Forecast 2019-2030, (USD Million)
-Sea- Market Size & Forecast 2019-2030, (USD Million)
-By Service Type
-Transportation & Freight Forwarding - Market Size & Forecast 2019-2030, (USD Million)
-Warehousing - Market Size & Forecast 2019-2030, (USD Million)
-Cross-Docking - Market Size & Forecast 2019-2030, (USD Million)
-Value Added Services- Market Size & Forecast 2019-2030, (USD Million)
-By Application
-Chemical Pharma- Market Size & Forecast 2019-2030, (USD Million)
-Bio-Pharma- Market Size & Forecast 2019-2030, (USD Million)
-Specialized Pharma- Market Size & Forecast 2019-2030, (USD Million)
-By Storage Type
-Refrigerated-Market Size & Forecast 2019-2030, (USD Million)
-Ultra-frozen (Less than 0°C)- Market Size & Forecast 2019-2030, (USD Million)
-Chilled (1°C - 10°C)- Market Size & Forecast 2019-2030, (USD Million)
-Air-conditioned (Above 10°C)- Market Size & Forecast 2019-2030, (USD Million)
-Ambient- Market Size & Forecast 2019-2030, (USD Million)
-By Logistics Provider Type
-2PL (Second Party)- Market Size & Forecast 2019-2030, (USD Million)
-3PL (Third-Party)- Market Size & Forecast 2019-2030, (USD Million)
-4PL (Fourth-Party)- Market Size & Forecast 2019-2030, (USD Million)
-Integrated Logistics- Market Size & Forecast 2019-2030, (USD Million)
-By End Users
-Hospitals- Market Size & Forecast 2019-2030, (USD Million)
-Laboratories- Market Size & Forecast 2019-2030, (USD Million)
-Pharmaceutical Companies- Market Size & Forecast 2019-2030, (USD Million)
-Others (Clinics, Pharmacies, etc.)- Market Size & Forecast 2019-2030, (USD Million)
-By Region
-West
-East
-South
-Central
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Market Dynamics -Saudi Arabia Pharmaceutical Logistics Market:
Increasing Count of Pharmaceutical Manufacturers – The Saudi Arabia Pharmaceutical Logistics Market is being driven by various factors, including the country's growing population and the increasing demand for domestic drug manufacturing. With expanding operations and the establishment of manufacturing bases by global pharmaceutical giants, there's a heightened need for comprehensive logistics services. Additionally, with evolving lifestyles and a steady influx of expatriate workers, there's growing health awareness among the populace, which further contributes to the market's growth trajectory.
Saudi Arabia aims to position itself as a leading manufacturer and innovator in the MENA region, which aligns with the nation's goal of reducing reliance on oil and attracting inward investment. Thus necessitating a reduction in dependence on imported medicines and ensuring a steady supply of pharmaceuticals while optimizing costs. To achieve these objectives, strategic partnerships and collaborations with local research institutions have been formed, facilitating the establishment of local manufacturing facilities by key players in the pharmaceutical industry. These developments highlight the market's momentum and the opportunities present in the Saudi Arabian Pharmaceutical Logistics Sector. For instance,
In 2020, the Ministry of Health (MOH) signed a Memorandum of Understanding (MoU) with Sanofi, Saudi Arabia. It includes the production of insulin to cure diabetes, providing innovative healthcare solutions in the Kingdom, and creating opportunities to export medicines to the GCC countries and the Middle East region.
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