Middle East & Africa Pharmaceutical Manufacturing Market Size & Outlook
Middle East & Africa pharmaceutical manufacturing market, 2018-2030 (US$M)
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MEA pharmaceutical manufacturing market highlights
- The MEA pharmaceutical manufacturing market generated a revenue of USD 8,968.0 million in 2023.
- The market is expected to grow at a CAGR of 7.8% from 2024 to 2030.
- In terms of segment, conventional drugs (small molecules) was the largest revenue generating molecule type in 2023.
- Biologics & Biosimilars (Large Molecules) is the most lucrative molecule type segment registering the fastest growth during the forecast period.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 8,968.0 million |
| Market revenue in 2030 | USD 15,165.2 million |
| Growth rate | 7.8% (CAGR from 2023 to 2030) |
| Largest segment | Conventional drugs (small molecules) |
| Fastest growing segment | Biologics & Biosimilars (Large Molecules) |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Biologics & Biosimilars (Large Molecules), Conventional Drugs (Small Molecules) |
| Key market players worldwide | Roche Holding AG ADR, Novartis AG ADR, GlaxoSmithKline, Pfizer Inc, Merck & Co Inc, AstraZeneca PLC, Johnson & Johnson, Sanofi SA, Eli Lilly and Co, AbbVie Inc, Thermo Fisher Scientific Inc, Wuxi AppTec Co Ltd, Samsung BioLogics, FUJIFILM Holdings Corp, Lonza Group Ltd, Catalent Inc, Jubilant Pharmova |
Other key industry trends
- In terms of revenue, MEA region accounted for 1.8% of the global pharmaceutical manufacturing market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 207,213.6 million by 2030.
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Pharmaceutical Manufacturing Market Scope
Pharmaceutical Manufacturing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa pharmaceutical manufacturing market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to pharmaceutical manufacturing market will help companies and investors design strategic landscapes.
Conventional drugs (small molecules) was the largest segment with a revenue share of 63.05% in 2023. Horizon Databook has segmented the Middle East & Africa pharmaceutical manufacturing market based on biologics & biosimilars (large molecules), conventional drugs (small molecules) covering the revenue growth of each sub-segment from 2018 to 2030.
The Middle East & Africa region has witnessed gradual developments in its pharmaceutical manufacturing industry, with more than 140 locally operational entities. The presence of global manufacturers in the region has boosted the market.
The top 10 companies, including Sanofi, Novartis, Pfizer, GSK, Novo Nordisk, MSD, and AstraZeneca, have captured 37% of the MEA market. Novo Nordisk's growth is major driven by Norditropin (somatropin), Victoza (liraglutide), and Saxenda (liraglutide).
In addition, increasing focus by regional government authorities on the wellbeing of their growing populations, coupled with advancements in healthcare services, is expected to propel the market over the forecast period.
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Target buyers of Middle East & Africa pharmaceutical manufacturing market databook
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Our clientele includes a mix of pharmaceutical manufacturing market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa pharmaceutical manufacturing market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa pharmaceutical manufacturing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA pharmaceutical manufacturing market size, by country, 2018-2030 (US$M)
Middle East & Africa Pharmaceutical Manufacturing Market Outlook Share, 2023 & 2030 (US$M)
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