News

Healthcare

Staff Reporter

, Middle East

Published:

3 months ago

Photo from Pixabay on Pexels

Middle East healthcare logistics market to reach $8.7B by 2032

Urbanisation is driving demand for efficient logistics in the region.

The Middle East healthcare logistics market will expand at a compound annual growth rate (CAGR), reaching an estimated valuation of $8.7b by 2032, according to Astute Analytica.

Astute Analytica attributed the market's growth to a demand surge driven by the region's rapidly growing population, which increased from 411 million in 2010 to about 578 million in 2023.

Concurrently, an increasing urbanisation rate is leading to a higher demand for healthcare services in such areas, thereby requiring more efficient logistics to manage the supply chain.

Furthermore, the prevalence of chronic diseases has increased, with diabetes now affecting 15.4% of adults in the Gulf Cooperation Council (GCC) countries.

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