The APAC Pharmaceutical Warehousing Market size is estimated at USD 37.57 billion in 2024, and is expected to reach USD 58.87 billion by 2029, growing at a CAGR of 9.40% during the forecast period (2024-2029).
The pharmaceutical warehousing market in APAC is dynamic and competitive. The pharmaceutical industry in APAC is expanding, and there is a growing need for efficient warehousing and distribution solutions. There are many international and local players operating in the market. From an APAC perspective, Malaysia is emerging as a hub for multinational pharmaceutical companies. Malaysia’s low wages, strategic proximity to China, improved infrastructure, and pro-business policy make it an attractive market for both operating and indirect tax purposes. Vietnam, on the other hand, is an emerging hub for pharmaceutical companies. It remains to be seen how developments in Asia unfold. Pharma companies would do well to keep an eye on the situation. As pharmaceutical legislation changes, companies that can quickly adjust to changing compliance requirements are likely to gain a competitive advantage in this expanding market.
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