The Africa Pharmaceutical Logistics Market size is projected to grow at a CAGR of around 5.13% during the forecast period, 2022-27. According to MarkNtel Advisors Study.
Africa Pharmaceutical Logistics Market 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.
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Key Market Reports Highlights
· Market Dimensions & Projections
· Pricing Evaluation
· Recent Strategic Moves by Companies
· Primary Stakeholders
· Import/Export Trend Analysis
· Competitive Landscape Assessment
· Emerging Opportunities
· Market Trends and Indicators
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Africa Pharmaceutical Logistics Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2021
-Historical Period: 2017 to 2020
-Forecast Period: 2022 to 2027
- By Mode of Transport (Route)
- Air
- Road
- Sea
- 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.)
- 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
- By End Users
- Hospitals
- Laboratories
- Pharmaceutical companies
- Others (Clinics, Pharmacies, etc.)
- By Country
- South Africa
- Egypt
- Nigeria
- Algeria
- Morocco
- Rest of Africa
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including - 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.) are looking forward to strengthening their market positions.
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