Africa Pharmaceutical Logistics Market Insights: Anticipates 5.13% CAGR and Forecast Market Trends 2027

Africa Pharmaceutical Logistics Market Size, Share, Analysis, Trends Future Forecast 2027

MarkNtel Advisors has recently released an all-encompassing report on Africa Pharmaceutical Logistics Market. The report thoroughly explores the present and future market scenarios, providing valuable insights into market size, share, and competitor segmentation. It also delivers an overview of manufacturers, regions, product categories, and application areas. This extensive research is designed to empower clients with the knowledge required to comprehend and capitalize on market trends for their business strategies.

Forecast 2027: Revealing Africa Pharmaceutical Logistics Market Insights and Analysis

The Africa Pharmaceutical Logistics Market is projected to grow at a CAGR of around 5.13% during the forecast period, i.e., 2022-27.

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Key Drivers: 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.

A Comprehensive Overview of Geographical Diversity:

the Africa Pharmaceutical Logistics Market expands across:

South Africa
Egypt
Nigeria
Algeria
Morocco
Rest of Africa

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Africa Pharmaceutical Logistics Market Segmentation Outline:

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.))

Competitive Outlook

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.

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