Middle East & Africa Pharmaceuticals Market to Grow with a CAGR of 6.10% through 2030
Shift Toward Preventive and Specialized Healthcare is
expected to drive the Middle East & Africa Pharmaceuticals Market growth in
the forecast period, 2026-2030.
According to TechSci Research report, “Middle East
& Africa Pharmaceuticals Market - By Country, Competition,
Forecast and Opportunities, 2020-2030”, the Middle East & Africa
Pharmaceuticals Market was
valued at USD 30.07 Billion in 2024 and is anticipated to grow with a CAGR of 6.10%
through 2030. The
growing emphasis on preventive and specialized healthcare is a key driver of
the pharmaceutical market in the Middle East & Africa (MEA). As health and
wellness awareness rises, there is a stronger focus on preventive care, such as
early detection, lifestyle changes, and disease management. Public health
campaigns by governments and organizations are promoting healthier lifestyles,
fueling demand for preventive pharmaceuticals like vaccines and dietary
supplements.
Simultaneously, the demand for
specialized treatments in areas like oncology, cardiology, immunology, and
endocrinology is increasing due to the rise in chronic diseases such as cancer,
diabetes, and cardiovascular conditions. Advances in precision medicine,
targeted therapies, and biologics are driving this demand for more tailored
healthcare solutions. This shift towards preventive and specialized care is
supported by factors such as increased healthcare awareness, urbanization,
aging populations, and government initiatives targeting specific health issues.
These trends create significant opportunities for pharmaceutical companies to
introduce innovative products, leading to sustained growth in the sector and
higher demand for specialized and preventive medicines across the MEA region.
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The Middle East & Africa Pharmaceuticals Market is
segmented into drug type, product type, application, distribution channel,
country distribution, and company.
Based on the application, oncology
emerged
as the dominating segment in the Middle East & Africa Pharmaceuticals market
in 2024. The Middle East & Africa (MEA) region has experienced a steady rise
in cancer cases, driven by an aging population, unhealthy lifestyle choices
(such as poor diet and insufficient physical activity), and environmental
influences. According to the International Agency for Research on Cancer
(IARC), cancer rates have increased in countries like Saudi Arabia, the UAE,
and South Africa, intensifying the demand for oncology treatments. As life
expectancy rises, age-related cancers are becoming more prevalent, further
increasing the need for targeted therapies. Urbanization, coupled with
lifestyle factors such as smoking and high-fat diets, is contributing to the
rise in cancer diagnoses. Breakthroughs in treatments like immunotherapies,
biologics, and targeted therapies have revolutionized the oncology sector, attracted
significant investments and expanded treatment options. Governments in the
region, particularly the UAE and Saudi Arabia, are investing heavily in
healthcare infrastructure and cancer research, while also launching public
health initiatives to address the growing cancer burden. These factors are
poised to ensure that oncology continues to lead the pharmaceutical market in
the MEA region, with sustained growth driven by new, innovative treatments.
Based on the country, the UAE emerged as the fastest
growing region in the Middle East & Africa Pharmaceuticals market during
the forecast period. The UAE places a strong emphasis on healthcare as a
key element of its national development plan. Significant government
investments have been made in developing state-of-the-art healthcare
infrastructure, expanding hospital networks, and integrating advanced
technologies such as telemedicine and AI into healthcare services. This
approach has positioned the UAE as a prime destination for pharmaceutical
companies seeking expansion opportunities and for patients seeking top-tier
treatments. With one of the highest GDPs per capita in the region, the UAE’s
affluent population has greater access to healthcare, including advanced
pharmaceutical products. This economic strength fosters rapid market growth,
particularly in specialized fields like oncology, cardiology, and dermatology.
The increasing prevalence of lifestyle-related chronic diseases such as
diabetes, cardiovascular conditions, and cancer has further fueled the demand
for specialized treatments. The UAE's urbanized population, rising rates of
chronic diseases, and aging demographics are driving a surge in pharmaceutical
needs. The country’s leadership in areas such as oncology, immunology, and
fertility treatments are encouraging pharmaceutical companies to focus on niche
markets, propelling sector growth. Additionally, the UAE government’s public
health campaigns and healthcare education initiatives are enhancing awareness,
promoting preventive care, and expanding the demand for pharmaceutical
products. These combined factors make the UAE’s pharmaceutical market the fastest growing in the region, attracting investments, encouraging innovation,
and creating a favorable environment for both local and international
pharmaceutical companies.
Major companies operating in Middle East & Africa
Pharmaceuticals Market are:
- Julphar
(Gulf Pharmaceutical Industries)
- Bayer
Middle East FZE
- Niner
Pharmaceuticals LLC
- Pfizer
Gulf FZ-LLC
- Novo
Nordisk Pharma Gulf FZ LLC
- Roche
Pharmaceutical Middle East FZCO
- AstraZeneca
FZ LLC
- Hikma
UAE
- Merck
Serono Middle East Fz-Ltd.
- Abbott
Laboratories S.A.
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“The Middle East & Africa pharmaceuticals market
is poised for significant growth driven by the region’s evolving healthcare
landscape. Increasing healthcare access, rapid urbanization, and government
initiatives focused on improving healthcare infrastructure are key enablers. As
chronic diseases and aging populations rise, the demand for specialized
pharmaceutical products, including oncology and cardiovascular treatments, is
expanding. The region’s strategic location also presents opportunities for
pharmaceutical companies to target not only local markets but also broader
international markets. With innovations in digital health and a shift towards
personalized medicine, the Middle East & Africa is becoming an increasingly
important hub for the global pharmaceutical industry,” said Mr. Karan Chechi,
Research Director of TechSci Research, a research-based management consulting
firm.
“Middle East & Africa Pharmaceuticals
Market By Drug Type (Generic Drugs and Branded Drugs), By Product Type
(Prescription Drugs and Over-The-Counter Drugs), By Application
(Cardiovascular, Musculoskeletal, Oncology, Anti-infective, Metabolic Disorder,
Others), By Distribution Channel (Retail Pharmacy, Hospital Pharmacy,
E-Pharmacy), By Country, Competition, Forecast and Opportunities, 2020-2030”, has evaluated
the future growth potential of Middle East & Africa Pharmaceuticals Market
and provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Middle East & Africa Pharmaceuticals Market.
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