United Arab Emirates (UAE) Healthcare (Pharma and Medical Devices) Market Analysis
March 21, 2023 ⚊ 1 Min read ⚊ Views 63 ⚊ HEALTH
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.
Tags: United Arab Emirates Healthcare
