GCC Pharmaceutical Logistics market is expected to grow at a CAGR of around 7% during 2021-26

DELTA, British Columbia - Aug. 19, 2021 - PRLog -- According to MarkNtel Advisors' research report, "GCC Pharmaceutical Logistics Market Analysis, 2021," the market is likely to grow at a CAGR of around 7% during 2021-26. Pharmaceuticals products are sensitive and valuable, which increases the criticality of Pharmaceutical Logistics to offer constant required temperature to products from the time of its production until its delivery. The surging development of biological medical products & temperature-sensitive drugs and rising awareness among pharmaceutical companies regarding temperature-controlled pharmaceutical logistics are the prime factors propelling the growth of the Pharmaceutical Logistics Market across GCC nations.

Key Questions Answered in the Study
1.    What are the current and future trends in the GCC Pharmaceutical Logistics market?
2.    How has the industry been evolving in terms of geography and services adoption?
3.    How has the competition been shaping across different countries, followed by their comparative factorial indexing?
4.    What are the key growth drivers and challenges for the GCC Pharmaceutical Logistics market?
5.    What are the customer orientation, purchase behavior, and expectations from the GCC Pharmaceutical Logistics market service providers across various countries?

Impact of COVID-19 Pandemic on GCC Pharmaceutical Logistics Market

The outbreak of the COVID-19 pandemic has resulted in the surging demand for temperature-controlled storage facilities for storing and transporting vaccines at their required temperature during logistics. Additionally, demand for medicines to cure coronavirus diseases and an increasing presence of vaccine producers have also increased the demand for Pharmaceutical Logistics, thereby propelling the overall market growth.

Get more information: https://www.marknteladvisors.com/research-library/gcc-pharmaceutical-logistics-market.html

Warehousing to Capture Significant Share in the GCC Pharmaceutical Logistics Market

Based on the Service Type, the market bifurcates into Transportation & Freight Forwarding, Warehousing, Cross-Docking, and Value Added Services. Among these segments, Warehousing acquired the largest share in the GCC Pharmaceutical Logistics Market in the previous few years. Snowballing concerns regarding health and the surging prevalence of diseases are the primary factors that fuel the demand for pharmaceuticals products while boosting Pharmaceutical Warehousing. Besides, the development of Energy-efficient Warehousing, providing a lucrative opportunity to drive the segment, is another crucial aspect likely to fuel the overall market growth in the forecast period, reveals MarkNtel Advisors in their research report, "GCC Pharmaceutical Logistics Market Analysis, 2021."

According to MarkNtel Advisors, the major leading players in the GCC Pharmaceutical Logistics Market are Kuehne+Nagel Middle East, Aramex, Agility, Emirates SkyCargo, Qafila, RHS Logistics, Nawara Transportation & Freight Co., Kerry Logistics Middle East L.L.C., Yusen Logistics (Middle East) L.L.C., Mosanada Logistics Services, Oriental Commercial, and Shipping Co. Ltd.