Press Release

UAE Pharmaceutical Market to Grow with an Impressive CAGR until 2027

UAE Pharmaceutical Market is anticipated to grow because of increasing market players in the country, in the forecast period, 2023-2027F.

According to TechSci Research report on, “UAE Pharmaceutical Market - By Region, Competition Forecast & Opportunities, 2027”, UAE pharmaceutical market is anticipated to grow with an impressive CAGR in the forecast period, 2023-2027 on the account of involvement of government through multiple schemes and favorable plans to sustain pharmaceutical industry. Abu Dhabi Vision 2030, Dubai Industrial Strategy 2030 are two major initiatives from the UAE government to advance the pharmaceutical industry through increasing investment and promoting UAE productions of pharmaceuticals.

The government is also imposing special attention toward local pharmaceutical companies to aid them in increasing their production capacities. Also, the government invites multiple international market players to establish their local manufacturing units in the country to promote its pharmaceutical industry. Until recently, country was highly dependent over importing pharmaceutical products from the larger economies like the United States, Germany, etc.

During pandemic in 2019, UAE suffered due to blockage of import channels and a genuine shift from imports can be seen toward self-manufactured pharmaceutical products that is anticipated to drive the growth of the UAE pharmaceutical market in the upcoming five years. Moreover, increasing instances of infectious diseases, chronic diseases, and lifestyle diseases are also influencing the growth of the UAE pharmaceutical market in the next five years.

Patients suffering from chronic diseases are often prescribed prolonged usage of drugs to maintain their health conditions, thus supporting the market growth. Increasing geriatric population, higher demands for over-the-counter drugs, and rising concerns among the population toward health thus inclination toward vitamin and supplements further substantiate the growth of the UAE pharmaceutical market in the forecast years through 2027. Lack of resources, and slower research may hinder with the future growth, but bilateral trade with India would benefit the pharmaceutical industry in the UAE and aid future market growth.

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The UAE pharmaceutical market is segmented by drug type, product type, application, distribution channel, competitional landscape, and regional distribution. Based on drug type, the market is differentiated between generic drugs and branded drugs. Branded drugs are anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years on the grounds of higher disposable income among the population of the country. Also, increasing penetration into the market by the global giants with their patent products are anticipated to drive the future growth of the UAE pharmaceutical market in the next five years.

Product type-based market segment is divided between prescription drugs and over the counter drugs. Over the counter drugs are anticipated to hold the largest revenue shares of the market due to accessibility without any prescription. Increasing trend of self-medication and growing instances of lifestyle diseases are also aiding to the market growth.

Prescription drugs are also anticipated to register significant growth in the next five years on the grounds of increasing instances of chronic diseases. Higher geriatric population and their susceptibility toward chronic diseases demands prolonged administration of drugs that are purchased with prescription, and thus aids UAE pharmaceutical market growth in the future five years.

Application based market segment is further fragmented into cardiovascular, musculoskeletal, oncology, anti-infective, metabolic disorder, and others. Oncology is anticipated to hold the largest revenue shares due to increasing instances of cancer and surfacing of new cases every year. Increasing instances of cardiovascular diseases and growing number of heart failures, open heart surgeries and demand for recovery drugs are expected to support the growth of the cardiovascular segment.

A partial list of major market players of the UAE pharmaceutical market includes:

·         Julphar Gulf Pharmaceutical Industries

·         Bayer Consumer Health

·         Lifepharma FZE

·         Niner Pharmaceuticals LLC

·         GlaxoSmithKline & Neopharma

·         Pfizer UAE

·         Johnson & Johnson Middle East FZ-LLC

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“Dubai region is anticipated to lead the regional analysis of the market due to highest number of market players present in the region. Abu Dhabi is also anticipated to stand as a close second in terms of revenue shares of the market due to facilitation from the Abu Dhabi Vision 2030 scheme. Government initiatives and higher investment in the healthcare and pharmaceutical industry is also anticipated to support market growth. New market player may benefit from government schemes or form alliances with the global giants to establish their market in the future five years,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

UAE Pharmaceutical Market By Drug Type (Generic Drugs v/s Branded Drugs), By Product Type (Prescription Drugs v/s Over The Counter Drugs), By Application (Cardiovascular, Musculoskeletal, Oncology, Anti-infective, Metabolic Disorder, Others), By Distribution Channel (Retail Pharmacy, Hospital Pharmacy, E-Pharmacy), By Region, Competition Forecast & Opportunities, 2027 has evaluated the future growth potential of UAE pharmaceutical market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in UAE pharmaceutical market.

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