UAE e-pharmacy market is anticipated
to register growth with an impressive CAGR in the forecast period, 2023-2027,
on the account of increasing demands for the pharmaceutical products in the
emergency situation. Increasing chronic diseases and demand for pharmaceuticals
and therapeutics for the patients in case of prolonged treatment is further
driving the growth of the UAE e-pharmacy market in the upcoming five years.
Moreover, increasing online shopping behaviors of the consumers and recent
COVID-19 pandemic further aided the growth of the UAE e-pharmacy market.
Expanding Pharmaceutical
Industry Promises Market Growth
Pharmaceutical sector of the
healthcare industry in the United Arab Emirates is expanding rapidly with the
growing expanses in the healthcare industry by the government of the country.
Increasing production and consumption of pharmaceuticals and therapeutics adds
to the growing pharmaceutical industry. Moreover, the government imports large
quantities of pharmaceuticals to satisfy the growing demands thereby driving
the growth of the UAE e-pharmacy market in the upcoming five years.
Dubai alone accounts for 18%
of the pharmaceutical imports in the country that valued at USD4 billion in
2021. Increasing penetration of market players from the countries like India
would support the market growth as well as Dubai has the potential to be MENA
region’s pharmaceutical hub. This would increase the volume of the product
available and value of the market in the subsequent years, thereby aiding the
growth of the UAE e-pharmacy market in the upcoming five years.
Internet Penetration Supports
Market Growth
Online shopping, in-home
delivery, quick deliveries, availability of the services for the prescription
drugs too would further aid the growth of the UAE e-pharmacy market in the next
five years. Rising disposable income of the adult & young adult population
has created enough scope for the market growth. The population is highly
inclined toward online delivery services & e-commerce growth directly
proportionate to the growth of the market.
Increasing penetration of
smartphones, mobile phone based applications, increasing involvement of
internet of things, along with simple user interactive apps for the consumers,
and expansion of distribution channels through online portals substantiate the
growth of the UAE e-pharmacy market in the future five years. As of March 2021,
there were around 3.27 million internet subscriptions in the UAE. 93% of the
population is a daily user of internet based services that aids the market
growth.
COVID-19 Played Major Role
Toward Market Growth
Strict lockdown regulations
due to COVID-19 viral infection for the span of two years from 2020-2022 has
considerably shifted the consumers to fulfill their pharmaceutical, therapeutic
and other demands through online portals. Due to lack of physical stores mostly
for the over the counter drugs and related products, the consumers shifted
toward online portals to stock up their medicinal demands. Chronic patients
like diabetic patients, kidney patients, heart patients, require regular
administration of drugs to maintain their conditions and control the symptoms
thereby supporting the growth of the UAE e-pharmacy market in the forecast
years through 2027.
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Market Segmentation
The
UAE e-pharmacy market is segmented by product type, therapy area, operating
platform, competitional landscape, and regional distribution. Based on product type, the
market is differentiated between prescription medicine and over the counter
medicines. By therapy area, the market is bifurcated into vitamins, cold &
flu, dermatology, weight loss, and others. Based on operating platform, the
market is distinguished between apps and websites. The market analysis also
studies the regional segmentation to devise regional market segmentation,
divided among Abu Dhabi, Dubai, Sharjah, and the rest of the UAE.
Company Profile
Aster Pharmacy, Life Pharmacy UAE,
BinSina Pharmacy, CHS Community Pharmacy, Medicina Group of Pharmacies, Soukare,
800 Pharmacy,
among others is a partial list of major market players of the companies
responsible for the growth of UAE e-pharmacy market.
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Attribute
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Details
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Base Year
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2021
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Historical Data
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2017 – 2020
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Estimated Year
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2022
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Forecast Period
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2023 – 2027
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Quantitative Units
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Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027
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Report coverage
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Revenue forecast, company share, competitive landscape, growth
factors, and trends
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Segments covered
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·
Product Type
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Therapy Area
·
Operating Platform
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Regional scope
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Abu Dhabi, Dubai, Sharjah, Rest of UAE
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Key companies profiled
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Aster Pharmacy, Life Pharmacy UAE,
BinSina Pharmacy, CHS Community Pharmacy, Medicina Group of Pharmacies,
Soukare, 800 Pharmacy
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Customization scope
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10% free report customization with purchase. Addition or
alteration to country, regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet your exact research
needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email
(We can also provide the editable version of the report in PPT/Word format on
special request)
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Report Scope:
In this report, UAE e-pharmacy market has been segmented into
following categories, in addition to the industry trends which have also been
detailed below:
- UAE E-Pharmacy Market, By Product
Type:
- Prescription Medicines
- Over-The-Counter Medicines
- UAE E-Pharmacy Market, By Therapy
Area:
- Vitamins
- Cold & Flu
- Dermatology
- Weight Loss
- Others
- UAE E-Pharmacy Market, By Operating
Platform:
- UAE E-Pharmacy Market, By Region:
o Abu Dhabi
o Dubai
o Sharjah
o Rest of UAE
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in UAE e-pharmacy market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
UAE E-Pharmacy Market is an upcoming report to be released soon. If you
wish an early delivery of this report or want to confirm the date of release,
please contact us at [email protected]