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Report Description

Report Description

Saudi Arabia pharmacy retail market is anticipated to register growth with an impressive CAGR in the forecast period, 2023-2027, on the account of growing demand for the pharmaceutical products and therapeutic products in response to the growing instances of diseases among the population.

Growing pharmaceutical industry and thus increasing construction of the related infrastructure like pharma clinics, pharmacies, etc. is also driving the growth of the Saudi Arabia pharmacy retail market in the upcoming five years.

Expanding Pharmaceutical Industry Promises Market Growth

Growing demands for the pharmaceutical products and therapeutic products along with the growing instances of the chronic diseases is anticipated to drive the growth of the Saudi Arabia pharmacy retail market in the upcoming five years. Online pharmaceutical shopping has increased sales in the recent years due to growing inclination of the consumer over e-commerce sector. Furthermore, growing investment in the sector plays a major role in supporting the growth of the Saudi Arabia pharmacy retail market in the next five years.

Value of the Saudi Arabia pharmaceutical industry was USD8.3 billion in the year 2019. Growing sales of patent drugs, generics, and other therapeutics is driving the industrial growth. The demand for the easier access and in-home delivery services is aiding the demand for the localized pharmacies and online pharmacies growth in the recent years.

Growing on these factors the market for the pharmacy retail is also anticipated due to government based investment strategies. Vision 2030 has played a vital role in supporting the industrial and economic growth in the country. The scheme encourages expansion of manufacturing agreements thus promoting the local manufacturers in the country and reducing the cost of imports substantially.

Internet Usage Drives Market Growth In Future

Growing dependability over the internet is a major factor responsible for the expansion of the e-commerce sector. The population with the easy access to smartphones, and internet find it much feasible to order their pharma needs online and get it deliver at the convenience of the homes. In the year 2021, there were over 31.9 million internet users in the country.

Further increase in the number is experienced due to growing penetration of the smartphone and internet communication services in the country. With expanding e-commerce sector, and growing demands for the services like immediate supply of pharmaceutical and therapeutics, lightning fast deliveries, in-home deliveries, cost reduction schemes with the premium subscription to the mobile based applications etc. the Saudi Arabia pharmacy retail is anticipated to further grow in the next five years.


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Market Segmentation

The Saudi Arabia pharmacy retail market is segmented by market structure, product type, therapeutic area, drug type, pharmacy location, competitional landscape, and regional distribution.

Based on market structure, the market is differentiated into organized and unorganized. By product type, the market is further segmented into prescribed drugs, over-the-counter products, non-pharmaceutical products, and medical equipment.

Based on therapeutic area, the market is fragmented into cardiovascular, anti-diabetic, pain relief/analgesics, vitamins/minerals/nutrients, anti-infective, and others. By drug type, the market is distinguished between generic and patented.

Based on pharmacy location, the market is bifurcated between street/mall based and hospital based. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among Western Region, Eastern Region, Northern & Central Region, and Southern Region.

Company Profile

Nahdi Medical Co., Al Dawaa Pharmacy, Tadawi Group, Al Rehab, Atlas International, among others is a partial list of major market players of the companies responsible for the growth of Saudi Arabia pharmacy retail market.

Attribute

Details

Base Year

2021

Historical Data

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments covered

·         Market Structure

·         Product Type

·         Therapeutic Area

·         Drug Type

·         Pharmacy Location

Regional scope

Western Region, Eastern Region, Northern & Central Region, and Southern Region.

Key companies profiled

Nahdi Medical Co., Al Dawaa Pharmacy, Tadawi Group, Al Rehab, Atlas International

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, Saudi Arabia pharmacy retail market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Saudi Arabia Pharmacy Retail Market, By Market Structure:
    • Organized
    • Unorganized
  • Saudi Arabia Pharmacy Retail Market, By Product Type:
    • Prescribed Drugs
    • Over-the-Counter Products
    • Non-Pharmaceutical Products
    • Medical Equipment
  • Saudi Arabia Pharmacy Retail Market, By Therapeutic Area:
    • Cardiovascular
    • Anti-Diabetic
    • Pain Relief/Analgesics
    • Vitamins/Minerals/Nutrients
    • Anti-Infective
    • Others
  • Saudi Arabia Pharmacy Retail Market, By Drug Type:
    • Generic
    • Patented
  • Saudi Arabia Pharmacy Retail Market, By Pharmacy Location:
    • Street/Mall Based
    • Hospital Based
  • Saudi Arabia Pharmacy retail Market, By Region:

o   Western Region

o   Eastern Region

o   Northern & Central Region

o   Southern Region

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Saudi Arabia pharmacy retail market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
Saudi Arabia Pharmacy Retail Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]
Table of content

Table of content

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Saudi Arabia Pharmacy Retail Market

4.    Executive Summary

5.    Voice of Customer

6.    Saudi Arabia Pharmacy Retail Market Outlook

6.1.  Market Size & Forecast

6.1.1. By Value

6.2.  Market Share & Forecast

6.2.1. By Market Structure (Organized v/s Unorganized)

6.2.2. By Product Type (Prescribed Drugs, Over-the-Counter Products, Non-Pharmaceutical Products, Medical Equipment)

6.2.3. By Therapeutic Area (Cardiovascular, Anti-Diabetic, Pain Relief/Analgesics, Vitamins/Minerals/Nutrients, Anti-Infective, Others)

6.2.4. By Drug Type (Generic v/s Patented)

6.2.5. By Pharmacy Location (Street/Mall Based v/s Hospital Based)

6.2.6. By Region

6.2.7. By Company (2021)

6.3.  Product Market Map

7.    Saudi Arabia Street/Mall Based Pharmacy Retail Market Outlook

7.1.  Market Size & Forecast          

7.1.1. By Value

7.2.  Market Share & Forecast

7.2.1. By Market Structure

7.2.2. By Product Type

7.2.3. By Therapeutic Area

7.2.4. By Drug Type

8.    Saudi Arabia Hospital Based Pharmacy Retail Market Outlook

8.1.  Market Size & Forecast          

8.1.1. By Value

8.2.  Market Share & Forecast

8.2.1. By Market Structure

8.2.2. By Product Type

8.2.3. By Therapeutic Area

8.2.4. By Drug Type

9.    Market Dynamics

9.1.  Drivers

9.2.  Challenges

10.  Market Trends & Developments

11.  Policy & Regulatory Landscape

12.  Saudi Arabia Economic Profile

13.  Competitive Landscape

13.1.              Competition Outlook

13.2.              Company Profiles

13.2.1.   Nahdi Medical Co.

13.2.2.   Al Dawaa Pharmacy

13.2.3.   Tadawi Group

13.2.4.   Al Rehab

13.2.5.   Atlas International

14.  Strategic Recommendations

(Note: The companies list can be customized based on the client requirements.)

Figures and Tables

Frequently asked questions

Frequently asked questions

Saudi Arabia pharmacy retail market is anticipated to grow with an impressive CAGR during the forecast period, 2023-2027, on account of rising instances of chronic diseases.

New market players may invest actively in research and innovative product development. Also, advancing their existent technology according to evolving consumer preferences along with merger and acquisitions with the global giants can be viable strategic recommendations for the future brand establishments.

Being responsible for the due growth of the market, some of the leading players of the Saudi Arabia pharmacy retail market were Nahdi Medical Co., Al Dawaa Pharmacy, Tadawi Group, Al Rehab, Atlas International, among others.

Saudi Arabia pharmacy retail market was analyzed for the historical period of 2017 to 2020. While the base year was 2021, estimation for the year 2022 was calculated and the market growth was further forecast for 2023 to 2027.

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