In a recent study, MarkNtel Advisors focused on the Africa Pharmaceutical Logistics Market. The market is anticipated to grow at a compound annual growth rate (CAGR) of about 5.13% from 2022 to 2027, according to the analysis. The research study looks at the base year of 2021 and spans the years 2017-20 in history. It offers a thorough study of the market's numerous facets, including its main drivers, restrictions, difficulties, and possibilities. The study also emphasizes current events, significant trends, and the contributions made by important players in the market.
In order to help stakeholders, make wise decisions in the upcoming years, the study intends to educate them on the market's ups and downs as well as provide a thorough analysis of competitors' tactics, developments, and profit margins over the study period.
To give readers a broader insight of the market dynamics, the research study also highlights several characteristics, such as sales networks, production rights, capital investments, economies of scale, and regulatory legislation, among others.
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The Dynamic of Africa Pharmaceutical Logistics Market –
Driving Factor –
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.
Major Challenges –
The pharmaceutical market of Africa is micro-fragmented & accounts for about 2%-3% of the global pharmaceutical market, excluding the evolving South African market. The constant shortage of storage capacity, poor road infrastructure, fragmented airline routes, and limited airfreight connections have contributed significantly to a reduction in the revenue of logistics providers. Furthermore, security risks prevalent in Africa's supply chain due to in-efficient infrastructure are pharma thefts & the sale of sub-standard counterfeit product brands. According to the International Criminal Police Organization (INTERPOL), as of April 2020, more than 61,000 respiratory masks & one artificial respirator were reported to be stolen during transit & manufacturing in Morocco.
According to Transported Asset Protection Association (TAPA), the top five incidents from where the theft has taken place in the region are theft from a vehicle (77%), theft of a vehicle (5%), hijacking (4%), a theft from the trailer (4%), and theft of trailer (3%). Moreover, the lack of drug regulations in the region is hampering the healthcare operation leading to a costly distribution of medicine with only a few drug companies registering their medicines in African countries.
Comprehensive Report Analysis:
- The analysis provides a comprehensive overview of the evolving market dynamics, offering unbiased and accurate insights into the Africa Pharmaceutical Logistics Market. It covers key trends, recent developments, drivers, opportunities, restraints, challenges, and more.
- Stakeholders can also gain an understanding of the status of various segments and regions, along with a clear definition of potential milestones that can be achieved during the forecast period.
- Our research report is comprehensive and prepared after rigorous analysis" means that our report is thorough and well-researched.
- Elucidating the key imperatives evolving around the market across the numerous industries, governments, & geographical locations" means that we have identified the key trends and challenges affecting the market in a variety of settings.
- All these parameters are studied while analyzing the challenges & opportunities sought by the competitors in the political interface" means that we have analyzed these factors to identify the opportunities and threats that competitors face in the political landscape.
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Top Companies in 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.)
Africa Pharmaceutical Logistics Market segmentation analysis: the key to success.
The Africa Pharmaceutical Logistics market is a highly diverse and competitive market, with a variety of different segments. These segments include:
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.)
Each segment has its own unique set of challenges and opportunities. By understanding the different segments, businesses can better position themselves to succeed in the Africa Pharmaceutical Logistics market.
The report presents calculated & accurate insights" means that the report provides data that has been carefully analyzed and verified. on the upcoming sales & demand in terms of value & volume of each segment between 2022 & 2027" means that the report provides data on the expected sales and demand for each segment in terms of both value and volume, over a specific period of time.
Such data enables the stakeholders to scale their business, customer base, brand visibility, and target niche in the market for strategic investments in the future" means that this data can help stakeholders make informed decisions about how to grow their business and reach their target audience.
Geographically, the industry is spread out among the following countries:
- South Africa
- Egypt
- Nigeria
- Algeria
- Morocco
- Rest of Africa
Besides this, information about all distributors, suppliers, & retailers of the Africa Pharmaceutical Logistics Market operating across each of the above-cited regions/countries is also cited thoroughly in the research report.
Explore the Report's Framework: Get Oriented with the Table of Contents for a Clear Understanding
- Market Segmentation
- Introduction
- Executive Summary
- Market Porters Five Forces Analysis
- Market Technological Changes
- Market Trends & Insights
- Market Dynamics
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About MarkNtel Advisors
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals. Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.
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