Overview of Africa Pharmaceutical Logistics Market Size, Share, and Growth Forecast for 2022-27
The report aims to provide a comprehensive perspective on the Africa Pharmaceutical Logistics Market : Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027. It offers an industry overview, including an analysis of historical and future market growth. Key parameters such as revenue, demand, and applicable supply data are highlighted. The study offers country estimates, forecasts, and trend analyses for various locations.
Report's Study Period:
- Historical period: 2018 – 2021
- Base Year: 2022
- Forecasting period: 2023 – 2027
Insights and Analysis of the Africa Pharmaceutical Logistics Market for the Period 2022-2027:
The Africa Pharmaceutical Logistics Market is projected to grow at a CAGR of around 5.13% during the forecast period, 2022-27.
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Africa Pharmaceutical Logistics Market Dynamic:
Industry Driving Factor:
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.
Segmentation Analysis of the Africa Pharmaceutical Logistics Market for the Period 2022-2027:
Our team of analysts has carefully studied the market using various methods and calculations to create a detailed analysis. We've broken down the market into different sections and thoroughly examined each one. This in-depth exploration has helped us identify the standout performing segment in each section by closely examining various aspects of the market.
We have delved into the factors and trends driving increased activity in these specific segments. Additionally, we have identified the main market participants who are actively involved in these segments, giving us a complete understanding of their unique characteristics. Our study also includes a comprehensive view of the market's structural expansion, offering a clear framework to understand how it has evolved.
· By Mode of Transport (Route)
o Air
o Road
o Sea
· By Product Type
o General Drugs & Medicines
o Surgical Goods & Medical Devices
o Chemical Pharma Products
o Bio-Pharma & Specialized Pharma Products
· By Service Type
o Transportation & Freight Forwarding
o Warehousing
o Cross-Docking
o Value Added Services (Inventory management, Packaging, Labelling, etc.)
o Others (Customs Brokerage, Marketing, Call Support, etc.)
· By Storage Type
o Refrigerated
§ Ultra-frozen (Less than 0°C)
§ Chilled (1°C - 10°C)
§ Air-conditioned (Above 11°C)
o Ambient
· By Logistics Provider Type
o 3PL (Third-Party)
o 4PL (Fourth-Party)
o Integrated Logistics
· By End Users
o Hospitals
o Laboratories
o Pharmaceutical companies
o Others (Clinics, Pharmacies, etc.)
· By Country
o South Africa
o Egypt
o Nigeria
o Algeria
o Morocco
o Rest of Africa
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Leading Market Position in The Africa Pharmaceutical Logistics Market
In analysing the Africa Pharmaceutical Logistics Market, we conduct a thorough competitive benchmarking assessment involving key firms such as
- 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.)
This evaluation entails a detailed review of each company's product value, capabilities, and notable attributes. Moreover, our study encompasses recent mergers, acquisitions, and product launches by these firms, aiming to offer stakeholders valuable insights into the prevailing market dynamics.
In case you missed it, we are currently revising our reports. Click on the "request customization report" button to get the most latest research data with forecast for years 2024 to 2029, including market size, industry trends, and competitive analysis. It wouldn't take long for the team to deliver the most recent version of the report.
The Africa Pharmaceutical Logistics Market Research Report for 2022-27 addresses several key questions:
1. How will the growth rate of the Africa Pharmaceutical Logistics market progress during the projected period?
2. What market factors will serve as the foundation for shaping client and business strategies?
3. Which factors are currently exerting influence, including increased demand and ongoing market advancements?
4. Among the studied market segments, which one’s present promising avenues for extended growth opportunities?
5. Which company currently holds the leading market position?
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