Press Release

UAE Pharmaceuticals Market to be dominated by Generic Drugs type by 7.62% CAGR through 2028

Rising incidences of diseases is expected to drive the demand for the UAE Pharmaceuticals Market in the forecast period, 2024-2028.

According to TechSci Research report, “UAE Pharmaceuticals Market - By Region, Forecast and Opportunities, 2018-2028”, the UAE Pharmaceuticals Market at USD 4009.31 million in 2022 and is expected to grow at steady rate of 7.96% during the forecast period, 2018-2028. The rise in incidence of chronic diseases and government initiatives, recent developments are the primary factors driving the demand for the UAE Pharmaceuticals Market. In UAE, the government is providing enormous amount of funds for the development of drugs and therapies for the treatment of diseases. However, in January 2022, the UAE’s Ministry of Health and Prevention had taken some educational initiative "STEPS" (Development and Training for Excellence in Clinical Pharmacy System. Hence, these factors are expected to propel the growth of UAE Pharmaceuticals market.

However, the advancement in drug manufacturing and its utilization also enhanced the growth of the market in the forecast period.

One of the biggest challenge by the UAE government are the strict regulations on the import and distribution of pharmaceutical products. All pharmaceutical products must go through rigorous testing and get approvals from the Ministry of Health and Prevention (MoHAP) before they can be sold in the UAE. The process of obtaining approvals can be lengthy and complicated, which can lead to delays in the launch of new products.

Browse over 21 market data Figures spread through 70 Pages and an in-depth TOC on "UAE Pharmaceuticals Market.”

The UAE Pharmaceuticals Market can be segmented by drug type, product type, application, distribution channel, region, and competition landscape.

Based on drug type, the market is further bifurcated into generic drugs and branded drugs. The generic drugs segment dominated the market in 2022 with an overall share of 69.76%. This can be ascribed to lesser cost than the brand name as these drugs do not need to repeat animal and clinical (human) studies that are required of the brand-name medicines to demonstrate safety and effectiveness.

Based on product type, the market is segmented into over-the-counter drugs and prescription drugs. The over-the-counter drugs segment dominated the market in 2022 with an overall share of 69.74%. This is due to the ease in availability and cost-effectiveness.

Based on application, the market is segmented into cardiovascular, oncology, metabolic disorder, musculoskeletal, anti-infective, and others. The cardiovascular segment is expected to dominate the market with 28.91% in forecast period due to rise in heart failure and heart diseases.

Major companies operating in UAE Pharmaceuticals Market include:

  • Pfizer UAE
  • Johnson & Johnson Middle-East
  • GlaxoSmithKline & Neopharma
  • Julphar Gulf Pharmaceutical Ind
  • Roche Pharmaceuticals Middle East FZCO
  • Niner Pharmaceuticals LLC
  • Lifepharma FZE
  • Hikma Pharmaceuticals

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UAE Pharmaceuticals Market is expected to witness significant growth during the forecast period on account of increasing ageing process amongst population. Increase in number chronic and lifestyle diseases and accelerating demand for medical tourism is expected to grow the market. Additionally, the government shows growing interest on healthcare services. The UAE government has made significant investments in healthcare infrastructure in recent years, including the construction of new hospitals and clinics.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“UAE Pharmaceuticals Market By Drug Type (Generic Drugs, Branded Drugs), By Product Type (Over-The-Counter Drugs, Prescription Drugs), By Application (Cardiovascular, Oncology, Metabolic Disorder, Musculoskeletal, Anti-infective, and Others), By Distribution Channel (Retail Pharmacy, Hospital Pharmacy, E-Pharmacy), By Region, Competition Forecast & Opportunities, 2028F.”, has evaluated the future growth potential of UAE Pharmaceuticals 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 Pharmaceuticals Market.

Mr. Ken Mathews
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