“Surging chronic and lifestyle-related diseases in KSA and amplified imports of pharma products driving the growth of the pharma logistics market in Saudi Arabia.”
Rising Population to Lead to an Increased Demand for Pharma Products: KSA has an estimated population of ~33 million in 2019, which is expected to double, reaching 77.2 million by 2050, growing at 2.65% per annum. This increase in population is expected to fuel the demand for healthcare services in the kingdom. Concurrently, the healthcare system needs to treat emerging Lifestyle Diseases and Illnesses associated with modern and urban lifestyle. Allocation of healthcare budget of ($40 million in 2019) reflects a strong indication of potential demand as well as the Government’s willingness to augment growth and improvement within the sector.
COVID-19 Impact on Pharma Logistics Market: Saudi Arabia witnessed a countrywide lockdown owing to the COVID-19 with all the industries observed a phased shutdown. The complete lockdown in the second quarter of 2020 left the cargo backlogged at KSA’s major container ports; travel restrictions led to a shortage of truck drivers to pick up containers and ocean carriers canceled sailings. Though the market was witnessing a complete shutdown, the country observed an increased demand and transportation of medicines, drugs, gloves, PPE kits, and others owing to the impact of COVID-19 pandemic. Saudi Arabia is majorly dependent on the other countries for their pharma supplies which lead to an increased demand for import pharma products from different countries during the pandemic. Restrictions on travel and trade lead to delayed deliveries impacting the pharma logistics market. The pharma logistics market is anticipated to get back to normal in the next 8-10 months.
Growth in Investments under the Logistics Sector: Saudi government to raise $36.5 bn by 2030 for transportation infrastructure projects. The King Fahd Causeway linking Saudi & Bahrain is also undergoing expansion to accommodate a waiting area of 400 trucks, further contributing to the growth of the logistics sector in Saudi Arabia. The logistics companies are investing in advanced technologies such as control towers to streamline supply chain complexity, on-board vehicle telematics, truck platooning to gain a competitive edge.
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 CAGR of ~% 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 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.
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
For More Info on the Research Report, Click on the Below Link: –
Saudi Arabia Pharmaceutical Logistics Market
Related Reports by Ken Research: –
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
