Saudi Arabia Pharmaceuticals Market Explored by Kuick Research in New Study Published at MarketPublishers.com18 Aug 2014 • by Natalie Aster
LONDON – During the past several years, the pharmaceuticals market in Saudi Arabia was following an upward trend, driven by different factors including increasingly aging population in the country, continuously changing demographics, a remarkable rise in the prevalence of lifestyle diseases, favourable governmental initiatives and increased spending power of local consumers. Despite the considerable progress, the national pharmaceuticals industry is still in the early stage of its development; the production of drugs is at a relatively nascent stage due to numerous challenges needed to be resolved. Therefore, the country relies strongly on the imported pharmaceuticals. Europe is the key exporter of pharmaceuticals to Saudi Arabia.
The Saudi Arabian pharmaceuticals market is predicted to emerge as one of the most rapidly growing markets in the years to come. The country possesses the most developed and also technologically advanced medical sector, with modern amenities and equipment, in the GCC region. In 2013, the pharmaceuticals sales in Saudi Arabia stood at USD 4.4 billion. Furthermore, they are anticipated to exceed USD 7 billion in 2018.
New research study “Saudi Pharmaceuticals Market Development Analysis” drawn up by Kuick Research provides a comprehensive analysis of the Saudi Arabian market for pharmaceuticals and touches upon the hottest industry related issues.
An in-depth overview of the national pharmaceuticals market, including a holistic view of the current market scenario and data on diseases prevalence in Saudi Arabia, is available in new report. The study presents the market assessment by pharmaceuticals type, provides information on the country’s drug pricing system, throws light on the market dynamics and discusses the most important industry concerns. The report unveils data on the regulative landscape, offers a granular analysis of the competitive environment within the domestic pharmaceuticals market and, moreover, profiles the top market participants. In addition, the topical study gives access to an all-round future outlook for the pharmaceuticals market in Saudi Arabia.
Saudi Pharmaceuticals Market Development Analysis
Published: August, 2014
Price: US$ 900.00
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More new research studies by the publisher can be found at Kuick Research page.