“The analysis of the UAE pharmaceutical market revealed that the region relies heavily on drug imports”, says RNCOS.
Noida, UP -- (SBWIRE) -- 07/07/2014 -- The UAE healthcare sector is estimated to reach around US$ 34 Billion in 2018 growing at a CAGR of nearly 13.5% over the 5 period from 2013 to 2018. The very market is expected to witness a rapid transformation owing to the increase in population and continuous growth of demand for healthcare products and services in the region.
UAE heavily relies on the imported drugs in order to meet its demand. In 2012, the value of pharmaceutical imports claimed a staggering over 90% share, while the exports accounted for the remaining in the same. The UAE imports most of its medicines from the UK, Switzerland, Germany, Belgium, and France. At present, the patented drugs are mainly imported in the UAE and the R&D sector of the region is still under development. This depicts that the UAE is likely to rely on the imported foreign patented medicines in the coming years.
As a whole, the “UAE Healthcare Sector Outlook 2018”, report thoroughly discusses the overall UAE healthcare sector, and the hospitals segment in terms of MoH, private, and other government including the demand and shortage of hospital beds and physicians as well. Moreover, the healthcare market of seven emirates is also discussed in detail. Additionally, the medical devices and pharmaceutical market of the UAE are also analyzed. Apart from the statistical data analysis highlighted above, qualitative data in across the numerous market attractions, industry trends, government regulations across various markets, and the initiatives undertaken by the UAE government are also elicited exhaustively.
The competition across the UAE healthcare sector, including the pharma and medical devices segment, is intensifying with the days passing by. With new service providers entering the market, increase in the number of PPPs, and several government initiatives undertaken by the UAE govt. in order to facilitate the buoyancy of the healthcare services across the emirates, the healthcare market of the UAE is bound to witness a swift growth in the years to come.
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RNCOS is a leading industry research and consultancy firm incorporated in 2002. As a pioneer in syndicate market research, our vision is to be a global leader in the industry research space by providing research reports and actionable insights to companies across a range of industries such as Healthcare, IT and Telecom and Retail etc. We offer comprehensive industry research studies, bespoke research and consultancy services to Fortune 1000, Trade associations, and Government agencies worldwide.