Africa Pharmaceutical Logistics Market Comprehensive Analysis and Forecast 2022 to 2027
Africa Pharmaceutical Logistics Market Overview: 2022-2027
Base Year: 2021
Historical Years: 2017-20
Forecast Years: 2022-2027
The Africa Pharmaceutical Logistics Market is projected to grow at a CAGR of around 5.13% during the forecast period, 2022-27. The Africa Pharmaceutical Logistics Market is going through significant growth due to multiple drivers like technological advancements and, of course, increasing healthcare needs. The increase in road accidents throughout the country creates a greater demand for X-rays.
Markntel Advisor’s Africa Pharmaceutical Logistics Market Insights report provides the current and forecast market analysis, individual leading companies' market shares, challenges, Africa Pharmaceutical Logistics Market drivers, barriers, Africa Pharmaceutical Logistics Market Trends, and Key Players in Africa Pharmaceutical Logistics Market.
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Africa Pharmaceutical Logistics Market Dynamics: 2022-2027
Potential Challenges: Limitations in Supply Chain Infrastructure
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.
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Africa Pharmaceutical Logistics Market (2022-30): Segmentation Outlook
The market report has segmented the market into the following categories:
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.
Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.
Top Companies Operating in the 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.).
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