United Arab Emirates (UAE) Healthcare (Pharma and Medical Devices) Market Analysis, Regulatory, Reimbursement and Competitive Landscape
The UAE pharmaceutical market size was valued at $3.5 billion in 2020. The market is expected to grow at a CAGR of more than 7% during the forecast period. The UAE medical devices market size was valued at $2.4 billion in 2021. The market is expected to grow at a CAGR of more than 3% during 2022-2027. The UAE pharmaceutical industry has considerable development potential for international drugmakers, as the second-largest economy among Arab countries, after Saudi Arabia. The trend in market preferences toward generic drugs and other medical products may influence the future trajectory of the UAE pharmaceuticals sector, as enterprises increasingly attempt to produce generics to keep up with current market dynamics.
UAE pharmaceuticals market outlook
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UAE medical devices market outlook
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What are the key highlights of the UAE pharmaceuticals market?
In order to meet the demands of the projected population rise, the Dubai Health Authority (DHA) planned to improve the absorptive capacity of clinical services by 2030. This includes increasing the number of beds, operating theatres, and critical care units. Rapid economic, social, and demographic reforms including government-led projects, elimination of several infectious illnesses, easy access to high-quality healthcare facilities, decreased maternal mortality rates, and evidence-based therapies have resulted in higher life expectancy and relative prosperity. In 2020, the UAE cabinet adopted the National Policy on Vaccinations which is intended to boost the country’s position as a domestic and global healthcare hub through an integrated and trustworthy healthcare system, as well as guaranteed access to high-quality vaccination services in compliance with international safety principles.
Who are the key import and export partners of the UAE pharmaceuticals market?
The top import partners of the UAE are the US, Germany, France, Switzerland, and Ireland. The US accounts for the highest percentage in the import business. The top export partners of the UAE are Kuwait, Iraq, Bahrain, Lebanon, and Jordan.
What are the key segments in the UAE pharmaceuticals market?
The key segments in the UAE pharmaceuticals market are generics, biologics, biosimilars, and over the counter (OTC).
Which are the key companies in the UAE pharmaceuticals market?
Some of the key players in the UAE pharmaceuticals market are Johnson & Johnson (J&J), F. Hoffmann-La Roche Ltd. (Roche), Boehringer Ingelheim, Merck KGaA, and Gulf Pharmaceutical Industries-Julphar.
UAE pharmaceuticals market, by key companies
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What are the market dynamics in the medical devices market in the UAE?
The UAE is robust in healthcare infrastructure. As a result, the medical device industry has made considerable progress and expansion. Hospitals and clinics in the UAE have top-notch medical instruments and equipment frequently purchased from prominent US corporations. The UAE has taken advantage of its connections with renowned firms to gain modern medical technologies during the COVID-19 pandemic.
What are the key segments in the medical devices market in the UAE?
The key segments in the medical devices market in the UAE are hospital supplies, orthopedic devices, general surgery, cardiovascular devices, and neurology devices. Hospital supplies has the highest share among them in the market.
UAE medical devices market, by segments
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Which are the key companies in the medical devices market in the UAE?
Some of the major players in the medical devices market in the UAE are Abbott, B. Braun Melsungen AG (B. Braun), Zimmer Biomet Holdings Inc (Zimmer Biomet), Terumo, and Smith & Nephew.
UAE medical devices market, by key companies
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Market report scope (pharmaceuticals market)
Market size (Year – 2020) | $3.5 billion |
Growth rate (2021-2027) | CAGR of >7% |
Forecast period | 2021-2027 |
Segmentation by type | Generics, Biologics, Biosimilars, and Over the Counter (OTC) |
Key import partners | The US, Germany, France, Switzerland, and Ireland |
Key export partners | Kuwait, Iraq, Bahrain, Lebanon, and Jordan |
Key companies | Johnson & Johnson (J&J), F. Hoffmann-La Roche Ltd. (Roche), Boehringer Ingelheim, Merck KGaA, and Gulf Pharmaceutical Industries-Julphar |
Market report scope (medical devices)
Market size (Year – 2021) | $2.4 billion |
Growth rate (2022 to 2027) | CAGR of >3% |
Forecast period | 2022 to 2027 |
Segmentation by type | Hospital Supplies, Orthopedic Devices, General Surgery, Cardiovascular Devices, and Neurology Devices |
Key companies | Abbott, B. Braun Melsungen AG (B. Braun), Zimmer Biomet Holdings Inc (Zimmer Biomet), Terumo, and Smith & Nephew |
This report provides:
- An overview of the pharmaceutical and medical device markets, comprising market size, segmentation, and key drivers and barriers.
- Profiles and SWOT analyses of the major players in the pharmaceutical market: Johnson & Johnson, Roche, Boehringer Ingehlheim, Merck, and Julphar.
- Profiles and SWOT analyses of the major players in the medical device market: Abbott, B Braun, Zimmer Biomet, Terumo, and Smith & Nephew.
- An insightful review of the COVID-19 epidemiology, COVID-19 impact and developments in healthcare market, HealthTech landscape, reimbursement and regulatory landscape, with analysis covering details of the country’s healthcare reimbursement process, regulatory agencies and the approval processes for new drugs and medical devices.
- Detailed analysis of the country’s healthcare policy highlights, demographics, healthcare infrastructure, and healthcare expenditure.
- An overview of the opportunities for and challenges to growth in the UAE’s healthcare market.
Reasons to Buy
- Develop business strategies by understanding the trends shaping and driving the UAE healthcare market.
- Drive revenues by understanding the key trends, reimbursement and regulatory policies, pharmaceutical market segments, and companies likely to impact the UAE healthcare market in the future.
- Formulate effective sales and marketing strategies by understanding the competitive landscape and analyzing competitors’ performance.
- Organize your sales and marketing efforts by identifying the market categories and segments that present the most opportunities for consolidation, investment and strategic partnership.
Table of Contents
List of Tables
List of Figures
Frequently Asked Questions
The UAE pharmaceuticals market size was valued at $3.5 billion in 2020.
The pharmaceuticals market in the UAE is expected to grow at a CAGR of more than 7% during the forecast period.
The key segments in the pharmaceuticals market in the UAE are generics, biologics, biosimilars, and over the counter (OTC).
The key import partners of the UAE are the US, Germany, France, Switzerland, and Ireland. The key export partners of the UAE are Kuwait, Iraq, Bahrain, Lebanon, and Jordan.
Some of the key players in the UAE pharmaceuticals market are Johnson & Johnson (J&J), F. Hoffmann-La Roche Ltd. (Roche), Boehringer Ingelheim, Merck KGaA, and Gulf Pharmaceutical Industries-Julphar.
The UAE medical devices market size was valued at $2.4 billion in 2021.
The UAE medical devices market is expected to grow at a CAGR of more than 3% from 2022-2027.
The key segments in the medical devices market of UAE are hospital supplies, orthopedic devices, general surgery, cardiovascular devices, and neurology devices.
Some of the major players in the medical devices market of the UAE are Abbott, B. Braun Melsungen AG (B. Braun), Zimmer Biomet Holdings Inc (Zimmer Biomet), Terumo, and Smith & Nephew.
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