The Saudi Arabia Pharmaceutical Logistics Market size was valued at around USD 1.19 billion in 2023 & is estimated to grow at a CAGR of around 6.33% during the forecast period, i.e., 2024-30. The surge in chronic diseases like cancer, hypertension, and diabetes, fuelled by the rise in the geriatric population and unhealthy lifestyles, prompts pharmaceutical manufacturing companies in Saudi Arabia to bolster their production capabilities, aligning with the growing demand. The market trends indicate a noticeable shift towards reducing oil dependency and attracting inward investment in pharmaceuticals, driving an uptick in local production by 2025, and contributing to market growth & expansion.
Saudi Arabia Pharmaceutical Logistics Market size was valued at around USD 1.19 billion in 2023