Today: November 30, 2015, 3:40 am

United Arab Emirates pharmaceutical market: New market research published
The Pharmaceutical Market: United Arab Emirates - a new market research report on 2014-03-13 15:24:03
The United Arab Emirates´ healthcare and pharmaceutical markets continue to be the strongest in the region. Its growth prospects are strong - we forecast high single-digit CAGRs over the course of our 10- year forecast period. Several factors are driving growth: incomes are high, as is the UAE ´ s expatriate population. These elements combine to increase private healthcare expenditure and demand for innovative drugs. Local drug production facilities are also gaining strength, with domestic player Julphar opening a new factory, and multinational drug firms are also entering the market. In addition, there are plans for several new hospital and healthcare facilities, which will boost future demand for pharmaceuticals. The UAE ´ s appeal as a medical tourism destination is another driver of growth. W e therefore remain optimistic about the growth potential of the United Arab Emirates (UAE) ´s pharmaceutical and healthcare markets.

Headline Expenditure Projections

Pharmaceuticals: AED5.56bn (US$1.51bn) in 2011 to AED5.72bn (US$1.56bn) in 2012; +2.9% in local currency and US dollar terms. Forecast unchanged from Q 4 12.

Healthcare: AED46.44bn (US$12.64bn) in 2011 to AED52.13bn (US$14.20bn) in 2012; +12.2% in local currency terms and +12.3% in US dollar terms. Forecast broadly unchanged from Q 4 12.

Medical devices: AED1.87bn (US$508mn) in 2011 to AED2.05bn (US$559mn) in 2012; +10.0% in local currency terms and +10.1% in US dollar terms. Forecast broadly unchanged from Q 4 12.

Business Environment Rating

In Q1 13, the UAE remains the most attractive market in BMI´s Middle East and Africa (MEA) Pharmaceutical Risk/Reward Ratings (RRR) matrix, with its composite score unchanged at 58.3 out of 100. The country has a favourable medium-term pharmaceutical market growth forecast.

Competitive Landscape

The competitive landscape section provides comparative company analyses and rankings by US$ sales and % share of total sales - for the total pharmaceutical sector, as well as the OTC, generics, and distribution sub-sectors.

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