Market Data Manufacturing New Drug Discovery
Market Overview-In Brief
The Arab World Pharmaceutical Market is valued at over 4 billion dollars. The region is one of the top 10 markets in the world with an annual growth rate of 9%.
The growth in the region can be contributed to several factors such as: the rapid population growth of the region; improved relations with western manufacturers, easing of business regulations and import controls in some countries, and the overall demand by local governments to provide a higher quality and level of healthcare to its citizens.
Anti-infectives drugs account for the largest share of the private sector sector market, about 22%. They also make up 23% of the public market sector sales. However, in markets like Egypt, Kuwait, and the UAE, gastro-intestinal preparations are continually gaining larger market shares.
Local production accounts for 62% of the total regional market, although manufacturing is heavily dependent on the import of raw materials. In Saudi Arabia, local production only accounts for only 15% of the total market.
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