Africa Pharmaceutical Logistics Market Overview and Insights:
According to MarkNtel Advisors Report, 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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Key Takeaways: Beneficial for Stakeholders and Clients:
- Historical Data: 2017-20
- Base Year: 2021
- Forecast Period: 2022-2027
What are the major challenges facing the Africa Pharmaceutical Logistics Market?
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.
Who are the Key Players Operating in the Africa Pharmaceutical Logistics Industry?
The top companies of the Africa Pharmaceutical Logistics market ruling the industry are:
- 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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What is Included in Africa Pharmaceutical Logistics Market Segmentation?
The 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
Among the three, 3PL held the largest share in the market in 2021, owing to the region consisting of numerous small logistics companies that could cater to the limited logistics needs at a time. Furthermore, the African region does not have a widespread pharmaceutical & biopharmaceutical industry. Hence, the major logistics services are primarily for the warehousing and transportation of imported goods from other continents.
By End Users
- Hospitals
- Laboratories
- Pharmaceutical companies
- Others (Clinics, Pharmacies, etc.)
By Country
- South Africa
- Egypt
- Nigeria
- Algeria
- Morocco
- Rest of Africa
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Frequently Asked Questions (FAQs)-
- What are the industry's overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- How has the Africa Pharmaceutical Logistics industry been evolving in terms of geography & adoption?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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