UAE pharmacy retail market is
anticipated to grow at a robust CAGR during the forecast period, 2023-2027. The
increasing prevalence of chronic diseases and favorable government policies
promoting the growth of the healthcare industry are the primary factors driving
the demand for UAE pharmacy retail market.
Also, the opening of retail
pharmacies at public places such as in malls and airports and the rapid
adoption of attractive marketing strategies by the market players are expected
to boost the growth of the UAE pharmacy retail market through the next five
years.
Increased Prevalence of Chronic Diseases
Drives the Market Growth
The population of the UAE is growing and
aging at a rapid rate and is in dire need of quality healthcare services for
effective treatment. The United Arab Emirates (UAE) is developing at a rapid
rate to a modern country following the lifestyle of western countries. Rapid
urbanization and modernization are giving rise to a number of chronic diseases,
particularly cardiovascular and obesity-related chronic disorders.
Cancer is
among the top priority disease in the UAE and requires effective medication to
reduce the negative effects of cancer. And the stigma associated with
exercising outdoors, especially for women, gives rise to a number of chronic
diseases.
The rise in the occurrence of chronic
disorders and the opening up of new retail pharmacies are expected to propel
the UAE pharmacy retail market growth through the next five years.
Favorable Government Policies Supports
the Market Growth
UAE has a robust healthcare
infrastructure and is working on improving healthcare services and treatment to
make it one of the major revenue contributing sectors for the country. The
government is developing the medical tourism industry to attract medical
tourists to avail the services from UAE. The UAE healthcare sector is
continuously expanding to meet the demands of the growing population and become
the regional medical tourism hub.
The opening of pharmacy retail stores in
public places such as in malls airports and providing consultation services to
patients by the market players to gain customer trust and boost the sales from
their particular pharmacy store is expected to create new growth avenues for
the UAE pharmacy retail market the next five years.
Rise in Adoption of Preventive
Healthcare Practices Fuels the Market Growth
Consumers are becoming more
health-conscious and are focusing on adopting preventive healthcare practices
to reduce the risks and high expenditure on hospital stays. The retail pharmacy
witnessed impressive growth from the past decade owing to increasing demand for
OTC drugs and home healthcare devices.
The high incidence rate of chronic
diseases and disorders is making the patients adopt safety measures, which has
accelerated the sales from retail pharmacy stores, impacting the market demand
positively. Also, the growing popularity of telemedicine and remote
consultation services among consumers is expected to propel the growth of the
UAE pharmacy retail market through the forecast period.
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Market Segmentation
The UAE pharmacy retail market is
segmented into market structure, product type, therapeutic
area, drug type, pharmacy location, regional distribution, and
company.
Based on market structure, the market is divided into organized v/s unorganized.
Based on product type, the market is divided into prescribed drugs,
over-the-counter products, non-pharmaceutical products, and medical equipment.
Based
on therapeutic area, the market is divided into cardiovascular, anti-diabetic,
pain relief/analgesics, vitamins/minerals/nutrients, anti-infective, and others.
Based on drug type, the market is divided into generic v/s patented.
Based
on pharmacy location, the market is divided into street/mall-based v/s hospital
based. To analyze the market based on the region, the UAE Pharmacy Retail
market is studied in major regions namely Dubai, Abu Dhabi, Sharjah, and Rest
of the UAE.
Market Players
Thumbay Phamacy, Aster Pharmacy, Al
Manara Pharmacy, Boots Pharmacy, BinSina Pharmacy, Medicina Pharmacy, Supercare
Pharmacy, are among the major market players operating in the UAE pharmacy
retail 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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Historic 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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·
Market Structure
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Product Type
·
Therapeutic Area
·
Drug Type
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Pharmacy Location
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Regional scope
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Dubai,
Abu Dhabi, Sharjah, Rest of UAE
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Key companies profiled
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Thumbay Phamacy, Aster Pharmacy, Al Manara Pharmacy, Boots
Pharmacy, BinSina Pharmacy, Medicina Pharmacy, Supercare Pharmacy
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Customization scope
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10%
free report customization with purchase. Addition or alteration to 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 pharmacy retail
market has been segmented into following categories, in addition to the
industry trends which have also been detailed below:
- UAE Pharmacy Retail Market, By Market
Structure:
- UAE Pharmacy Retail Market, By Product Type:
- Prescribed Drugs
- Over-the-Counter Products
- Non-Pharmaceutical Products
- Medical Equipment
- UAE Pharmacy Retail Market, By Therapeutic
Area:
- Cardiovascular
- Anti-Diabetic
- Pain Relief/Analgesics
- Vitamins/Minerals/Nutrients
- Anti-Infective
- Others
- UAE Pharmacy Retail Market, By Drug Type:
- UAE Pharmacy Retail Market, By Pharmacy Location:
- Street/Mall Based
- Hospital Based
- UAE Pharmacy Retail
Market, By Region:
- Dubai
- Abu Dhabi
- Sharjah
- Rest of UAE
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in UAE pharmacy retail 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 pharmacy retail 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]