UAE Pharmaceutical Market Size & Outlook, 2024-2030
UAE pharmaceutical market, 2018-2030 (US$M)
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UAE pharmaceutical market highlights
- The UAE pharmaceutical market generated a revenue of USD 4,674.8 million in 2024 and is expected to reach USD 6,720.6 million by 2030.
- The UAE market is expected to grow at a CAGR of 6.2% from 2025 to 2030.
- In terms of segment, conventional drugs (small molecules) was the largest revenue generating molecule in 2024.
- Biologics & Biosimilars (Large Molecules) is the most lucrative molecule segment registering the fastest growth during the forecast period.
Pharmaceutical market data book summary
| Market revenue in 2024 | USD 4,674.8 million |
| Market revenue in 2030 | USD 6,720.6 million |
| Growth rate | 6.2% (CAGR from 2025 to 2030) |
| Largest segment | Conventional drugs (small molecules) |
| Fastest growing segment | Biologics & Biosimilars (Large Molecules) |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Biologics & Biosimilars (Large Molecules), Conventional Drugs (Small Molecules) |
| Key market players worldwide | Merck & Co Inc, Roche Holding AG, Novartis AG ADR, AbbVie Inc, Johnson & Johnson, Pfizer Inc, Bristol-Myers Squibb Co, Sanofi SA, GSK PLC, Takeda Pharmaceutical Co Ltd |
Other key industry trends
- In terms of revenue, UAE accounted for 0.3% of the global pharmaceutical market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia pharmaceutical market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 6,720.6 million by 2030.
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Pharmaceutical Market Scope
Pharmaceutical Market Companies
| Name | Profile | # Employees | HQ | Website |
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UAE pharmaceutical 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 market will help companies and investors design strategic landscapes.
Conventional drugs (small molecules) was the largest segment with a revenue share of 57.66% in 2024. Horizon Databook has segmented the UAE pharmaceutical market based on biologics & biosimilars (large molecules), conventional drugs (small molecules) covering the revenue growth of each sub-segment from 2018 to 2030.
The UAE's pharmaceutical market has experienced steady growth, with pharmaceutical sales reaching USD 3.5 billion in 2020. From 2017 to 2020, the market grew at a compound annual growth rate (CAGR) of 7%, reflecting the increasing demand for pharmaceutical products.
In 2021, pharmaceutical spending is projected to rise to USD 3.7 billion, further emphasizing the market’s expansion. The UAE is also a significant player in the regional pharmaceutical trade, with exports amounting to USD 1.1 billion in 2020.
At the same time, the country imported around USD 4.1 billion worth of pharmaceutical products, underscoring its reliance on global supply chains to meet domestic demand. UAE-based pharmaceutical companies, such as Julphar Pharmaceuticals and Neopharma, play an important role in exporting products throughout the MENA region, tapping into growing markets across the area.
Reasons to subscribe to UAE pharmaceutical market databook:
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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of UAE pharmaceutical market databook
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Our clientele includes a mix of pharmaceutical 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the UAE pharmaceutical market , including forecasts for subscribers. This country databook contains high-level insights into UAE pharmaceutical market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
UAE pharmaceutical market size, by molecule, 2018-2030 (US$M)
UAE Pharmaceutical Market Outlook Share, 2024 & 2030 (US$M)
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