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.

Attribute

Details

Base Year

2021

Historic Data

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments covered

·         Market Structure

·         Product Type

·         Therapeutic Area

·         Drug Type

·         Pharmacy Location

Regional scope

Dubai, Abu Dhabi, Sharjah, Rest of UAE

Key companies profiled

Thumbay Phamacy, Aster Pharmacy, Al Manara Pharmacy, Boots Pharmacy, BinSina Pharmacy, Medicina Pharmacy, Supercare Pharmacy

Customization scope

10% free report customization with purchase. Addition or alteration to regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

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:
    • Organized
    • Unorganized
  • 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:
    • Generic
    • Patented
  • 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]

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on UAE Pharmacy Retail Market

4.    Executive Summary

5.    Voice of Customer

6.    UAE Pharmacy Retail Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Market Structure (Organized v/s Unorganized)

6.2.2.     By Product Type (Prescribed Drugs, Over-the-Counter Products, Non-Pharmaceutical Products, Medical Equipment)

6.2.3.     By Therapeutic Area (Cardiovascular, Anti-Diabetic, Pain Relief/Analgesics, Vitamins/Minerals/Nutrients, Anti-Infective, Others)

6.2.4.     By Drug Type (Generic v/s Patented)

6.2.5.     By Pharmacy Location (Street/Mall Based v/s Hospital Based)

6.2.6.     By Region

6.2.7.     By Company (2021)

6.3.  Product Market Map

7.    UAE Street/Mall Based Pharmacy Retail Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Market Structure

7.2.2.     By Product Type

7.2.3.     By Therapeutic Area

7.2.4.     By Drug Type

8.    UAE Hospital Based Pharmacy Retail Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Market Structure

8.2.2.     By Product Type

8.2.3.     By Therapeutic Area

8.2.4.     By Drug Type

9.    Market Dynamics

9.1.  Drivers

9.2.  Challenges

10.  Market Trends & Developments

11.  Policy & Regulatory Landscape

12.  UAE Economic Profile

13.  Competitive Landscape

13.1.              Competition Outlook

13.2.              Company Profiles

13.2.1.  Thumbay Phamacy

13.2.2.  Aster Pharmacy

13.2.3.  Al Manara Pharmacy

13.2.4.  Boots Pharmacy

13.2.5.  BinSina Pharmacy

13.2.6.  Medicina Pharmacy

13.2.7.  Supercare Pharmacy

14.  Strategic Recommendations

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]