The recent report by Markntel Advisors on Africa Pharmaceutical Logistics Market Size, Share, Analysis Future and forecast 2022-2027 promises trustworthy, objective, and precise insights into the market with the addition of accurate and reliable data explaining and briefing about the elements of the industry. The diverse fragmentation of the industry is handled by investigating each element, segment-wise, region-wise, and more, to comprehend a detailed and systematic report to provide the stakeholder with all the various tools and details of the industry.
The researchers analyze the collected data and present an understanding of the flow of the market. Through various subdivisions, the report aims to declutter all the trends and factors fueling the market’s growth. The report is a systematical, chapter-wise thesis of multiple segments, areas, characteristics, environmental or regional influence, and other factors involved in the overall growth and establishment of the industry. By dividing the market into chapters, the analysts present the report more straightforwardly to point out all the minute details of the industry and how it influences other factors.
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The Key Elements Covered in Africa Pharmaceutical Logistics Market Report:
- The report tracks and covers the regions where the market is partially and majorly active. Geographically, the market focuses on the place of manufacture, raw material extraction to the area where the products consumers are based, to be the regional expansion of the industry. To track and forecast the market size, the geographically dominant region in the industry, concerning the central areas covered.
- The report is compiled systematically and methodically, with each section neatly covering its essence and influence in the market. Likewise, the report provides a credible selection of market dynamics consisting of the following significant pillars of the industry’s study, Market Drivers, Market Restraints, Growth Opportunities, Challenges
- A separate section to provide the impact of COVID-19 on the market to better grasp the fluctuation during and after the pandemic.
- Elaborated information on industry overview, specifications, definitions, suppliers, RD status, cost structure analysis, sources, technological advancement, the further scope for improvement, applications, and more.
Market Dynamics
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.
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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A Window into What Competitors Are Doing
The report comprises of detailed study of the steps, products, changes, marketing strategies, sustainability tactics, mergers, acquisition, and more which has shaped the industry and affected the market. The report showcases various elements to explain the dominance of competitors and the market, including:
- Recent developments
- Risk SWOT analysis
- Mergers and acquisition
- Performance
- Services offered
In the case of the Africa Pharmaceutical Logistics market, the market participants include:
-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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Dividing The Africa Pharmaceutical Logistics Market into Sections:
The report covers the bifurcations of the industry group based on a common element, on which further investigation is performed. Furthermore, the report provides data on each high-performer segment in each group of features and information about the reasons behind the part acquiring a higher share or flourishing more in the industry. Thus, a deep analysis of various market elements is presented by categorizing the segments as follows:
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
Offers and Customizations of Africa Pharmaceutical Logistics Market Report
For a personalized and customized research report on the Africa Pharmaceutical Logistics Market, kindly contact Markntel Advisors. The analysts and researchers focus on providing accurate information, beneficial tools, and further insights into the industry to yield higher profits.
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