Recent Trends in UAE Pharmaceutical Market
The UAE pharmaceutical market was estimated to have sales of around AED 9.6 billion by 2016. These sales are estimated to grow at a CAGR of around 8% and by 2020, the UAE pharmaceutical market is estimated to be worth around AED 13 billion.
Most of the healthcare expenditure in the UAE in 2016 was government expenditure that was estimated to be around AED 42 billion, while private healthcare expenditure was estimated to be around AED 18 billion. Another major trend is the growth of local production of pharmaceuticals which is estimated to grow at a CAGR of around 10% from 2015 to 2018.
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Pubished on: 02-05-2017
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