Pharmaceutical logistics in Oman is on the rise. This article will explore the increasing demand for pharmaceutical logistics in the country and the leading players operating in the market. The article will also discuss the growth opportunities available in the market. Read on to learn more. You can also visit our website for more information. If you’re considering expanding your business in the Middle East, pharmaceutical logistics in Oman may be an ideal choice for your business.
Growing demand for pharmaceutical logistics in Oman
Growing chronic disease cases in the gulf region are driving the demand for pharmaceutical products in the region. Many regional healthcare institutes are seeking to partner with pharma manufacturers in expanding the region’s drug delivery system. This will create opportunities for logistic firms and promote the expansion of the GCC pharmaceutical logistics industry.
Oman’s government spends more than OR100m ($260 million) on medicines and medical supplies each year, and 93% of these products must be imported from overseas sources. With this high expenditure on healthcare, the Omani government is pushing to develop the pharmaceutical industry in the country, which could create new job opportunities for local companies.
Pharmaceutical companies need to ensure that pharmaceutical products are shipped safely. This requires a significant investment in infrastructure and technology. Warehouses and shipping facilities must be equipped with sophisticated technology and be temperature-controlled. Proper monitoring of temperatures is critical as the drugs can degrade if the right temperature is not maintained. Pharmaceutical logistics companies are needed to support the Salalah-based pharmaceutical industries.
The report covers the economic and logistical landscape of Oman. The report includes economic forecasts of the country’s manufacturing industry, as well as import and export revenue. It also provides an outline of the country’s transportation and warehousing infrastructure. It covers the period from 2006 to 2016.
Major players operating in the market
The pharmaceutical industry has a lot of key players. Several of them have strong presence in the Middle East and are expected to increase their share in the near future. Some of the major players in the region include Sun Pharmaceutical Industries Limited, Lupin Ltd., and Biocon Limited. These companies are involved in the logistics of pharmaceutical products.
Taiba is a significant company in the Sultanate of Oman, and is a major player in the region. It has a large network of retail outlets across the capital region and the fast-growing interior townships. It also offers a wide range of medical devices and pharmaceutical products.
The Saudi Arabian pharmaceutical logistics market is estimated to grow to $1.5 billion by 2025, owing to the growing demand for pharmaceutical drugs and government support for healthcare. It is composed of both domestic and international players. Domestic players are larger than international players and compete mainly on clientele, revenue matrix, average pricing, and technological development.
To get access to the local pharmaceutical market, international pharma companies must establish a local company in Oman. These agents usually sell their products to private hospitals, government institutions, and retail outlets. Two local pharmaceutical manufacturing plants are also active in the country. These factories sell directly to private and government hospitals as well as to the export market. The products they produce include pharmaceuticals, medical supplies, and medical equipment such as X-rays, ultrasound devices, MRIs, and management information systems.
Growth opportunities
The Omani government is keen to develop its domestic pharmaceutical industry and has recently encouraged pharmaceutical companies to open local operations. The country currently imports 93% of its medical supplies from abroad, leaving a lucrative and diverse market for pharmaceutical companies. This is a great opportunity for any company interested in establishing a local presence.
As the number of chronic diseases increases, the demand for pharmaceutical products is growing across the gulf countries. Regional health institutes have begun to look towards pharma manufacturers to develop a comprehensive supply chain network to meet the demands of their patients. This demand for a more efficient drug delivery system could lead to an increase in the pharmaceutical logistics industry in the GCC.
The GCC Pharmaceutical Logistics Market is expected to grow at a CAGR of around 7% during the forecast period. This is mainly due to the mounting cases of chronic diseases and the growing demand for medical equipment and pharmaceutical products in the region. Key players in the market include Kuehne+Nagel Middle East, Aramex, Agility, Emirates SkyCargo, Qafila, and Kerry Logistics Middle East L.L.C.
The Salalah Free Zone is a major pharmaceutical logistics hub in the Sultanate of Oman. It is located adjacent to the Port of Salalah, which is an important transshipment and logistics hub. It is on the main international shipping routes and connects to all leading markets. In addition, the Salalah Free Zone offers supportive infrastructure, which facilitates pharmaceutical companies’ growth.
