Markntel Advisors’ report, Africa Pharmaceutical Logistics Research Report: Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2027, offers a comprehensive guide for the growing industry. 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. The research report on the Africa Pharmaceutical Logistics 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.
Africa Pharmaceutical Logistics Market Industry Research Report & Market Summary:
The Africa Pharmaceutical Logistics Market is projected to grow at a CAGR of around 5.13% during the forecast period, 2022-27. The major factor contributing to the growth has been the growing pharmaceutical manufacturing in the region due to rising investments by global pharmaceutical & biopharmaceutical companies. Moreover, the local manufacturing of pharma products leads to an increased demand for logistics services in countries such as South Africa, Nigeria, and Algeria, among others.
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Africa Pharmaceutical Logistics Market Dynamics:
Key Driver-
Increasing Government Spending on Regional Healthcare
With the deficient presence of healthcare services in the region and the lack of adequate availability of medicated drugs to the residents, the government of Egypt, South Africa, etc., have stressed the need to invest extensively in pharmaceutical drug manufacturing to ensure a constant supply of pharmaceutical products to the consumers. In the period of COVID-19, in 2020, the growth of healthcare-related services & medicines caused a shortage of healthcare products in several countries of Africa.
Furthermore, the increased shortage of medical products & institutions in Africa forced the government to increase its expenditure in the healthcare sector to cope with the growing pandemic. These initiatives can also be seen with the increasing government investments & launch of strategies to boost the availability of healthcare drugs in Africa. For instance:
- In June 2021, the African Finance Ministry & World Bank announced a partnership to support the African Vaccine Acquisition Task Team (AVATT) initiative with resources to allow African countries to purchase & deploy vaccines for up to 400 million people in the region.
Thus, the increase in government spending would lead to surging production & consumption of pharmaceutical products, which would require logistics for efficient delivery, ultimately booming the Pharmaceutical Logistics market.
Africa Pharmaceutical Logistics Market Segmentation Analysis:
According to MarkNtel study the market is segmented into the following categories:
By Mode of Transport (Route)
- Air
- Road
- Sea
- Of them all, Roads captured the majority share in the Africa Pharmaceutical Logistics Market, owing to the majority of the countries (Chad, Niger, Central African Republic, Zimbabwe, Botswana, etc.) being landlocked in the region. Thus, road transport is the most reliable source for transportation of pharmaceutical products inter-countries & within the countries. Moreover, the road transport methods have proved to be cost-effective, compared to air & sea mode of transport. Despite the region’s positive growth, it has been hampered by poor road infrastructure, inhibiting the growth of roads in the overall market. Further, to overcome this, the national governments in the region, including Morocco, Kenya, Nigeria, etc., introduced their national strategies for road infrastructure development for the overall betterment of the road network of the individual countries.
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, etc.)
- Among them, Transportation & freight forwarding has contributed, consequentially, to the total Africa Pharmaceutical Logistics market during the past years. This can be justified by the increasing requirement of transportation & freight forwarding for domestic supply & procurement of chemical pharma products, along with imports & exports with other countries in the regions.
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
Among the three, 3PL held the largest share in the market in 2021, owing to the region consisting of numerous small logistics companies that could cater to the limited logistics needs at a time. Furthermore, the African region does not have a widespread pharmaceutical & biopharmaceutical industry. Hence, the major logistics services are primarily for the warehousing and transportation of imported goods from other continents.
By End Users
- Hospitals
- Laboratories
- Pharmaceutical companies
- Others (Clinics, Pharmacies, etc.)
By Country
- South Africa
- Egypt
- Nigeria
- Algeria
- Morocco
- Rest of Africa.
Amongst all countries in the African region, South Africa captured the largest share in the Pharmaceutical Logistics Market in 2021. The rise in communicable diseases, such as COVID-19, AIDS, TB, etc., and non-communicable diseases like cancer, hypertension, diabetes, cardiovascular disease, etc., in South Africa, induced more demand for medicines among consumers. Accordingly, these factors pushed the pharmaceutical manufacturers to enhance their production capacity, which has accelerated the market growth in recent years.
As indicated in the latest market research report published by Markntel Advisors, “Africa Pharmaceutical Logistics Research Report: Forecast (2022-2027)”, this report offers a detailed analysis of the industry, featuring insights into the Africa Pharmaceutical Logistics. It encompasses competitor and geographical analyses, as well as recent advancements in the market.
Browse Full Report Along with TOC and Figures – https://www.marknteladvisors.com/research-library/africa-pharmaceutical-logistics-market.html
Top Companies Operating in the Africa Pharmaceutical Logistics Market:
- UbiPharm
- Swift Logistics
- Imperial Logistics
- DSV
- DHL South Africa
- Kuehne+Nagel
- JAS South Africa
- Alloga
- Bollore Logistics
- DB Schenker
- Others (Noatum Logistics, Rhenus Logistics, etc.).
Note – If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.
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Key Report Highlights:
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
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 & Africa Pharmaceutical Logistics Market 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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