Press release
Saudi Arabia Pharmaceutical Market Analysis Will Expand at a CAGR of 9.0% from 2016 - 2026
IntroductionSaudi Arabia pharmaceutical market expected to maintain strong growth momentum owing to rapidly growing population coupled with strong influx of expatriates into the country. Saudi Arabia pharmaceutical market is dominated by branded drugs of various multinational companies, which are sold under second brand name in alliance with local companies and distributors. Saudi Arabia imports 80% of drugs from various countries, and the market in the country is dominated by several multinational companies. Increasing lifestyle diseases and strong brand loyalty for multinational drugs in Saudi Arabia are factors expected to drive demand for pharmaceuticals over the forecast period. Furthermore, increasing per capita income, growing healthcare infrastructure and increasing penetration of health insurance companies in the country is fuelling growth of the pharmaceuticals market in Saudi Arabia.
Market Value and Forecast
Saudi Arabia pharmaceutical market is estimated to be valued at US$ 5,209.5 Mn by 2016 end and is expected to expand at a CAGR of 9.0% over the forecast period (2016–2026).
Market Dynamics
Demand for pharmaceuticals is currently witnessing robust growth in Saudi Arabia, mainly due to increasing prevalence of non-communicable diseases and improved healthcare infrastructure. The pharmaceuticals market in Saudi Arabia is mainly dominated by MNCs, which account for largest share in the market. Rising health awareness and increased healthcare expenditure are factors expected to drive market growth in the near future. Macroeconomic factors such as increasing penetration of health insurance companies and healthcare reforms such as allowing 100% FDI in the pharmaceuticals sector is further projected to drive growth of the market. Other prominent growth drivers include rapidly growing number of religious tourists and increasing number of expatriates in the country. Saudi Arabia, being the largest market in GCC region, presents better investment opportunities for investors, and this is further augmented with mandatory insurance for expatriates in the country. However, lack of indigenous research capabilities and delays in patent registration are major factor expected to hamper overall growth of the Saudi Arabia pharmaceutical market over the forecast period.
Request For Sample@ http://www.futuremarketinsights.com/reports/sample/rep-gc-1733
Market Segmentation by Product
On the basis of product type, the market has been segmented into prescription products and over-the-counter (OTC) products. Prescription products segment is further sub-segmented into branded drugs and generic drugs. Branded drugs product type sub-segment is expected to exhibit highest growth over the forecast period as compared to other segments. Generic drugs sub-segment is expected to exhibit stable growth during the forecast period. This is mainly attributed to emergence of health insurance companies, which is a factor expected to result in lowering cost of treatment by encouraging healthcare providers to prescribe generic drugs.
Market Segmentation by Disease
On the basis of disease, the market has been segmented into cardiovascular diseases, diabetes, cancer, obesity, infectious diseases and other diseases. Cardiovascular disease segment is expected to exhibit highest growth among these segments over the forecast period, followed by the diabetes segment. Obesity segment is expected to exhibit significant growth owing to rising comorbidities such as cardiovascular diseases and diabetes.
Market Segmentation by Distribution Channel
On the basis of distribution channel, the market has been segmented into hospital pharmacies and retail pharmacies. Retail pharmacies segment accounts for highest revenue share in the Saudi Arabia pharmaceutical market currently, followed by the hospital pharmacies segment. Increasing modernized and westernised retail pharmacies and availability of wide variety of products is driving growth of retail pharmacies in the Saudi Arabia pharmaceutical market
Send An Enquiry@ http://www.futuremarketinsights.com/askus/rep-gc-1733
Key Players
Some key players in the Saudi Arabia pharmaceutical market covered in this report are SPIMACO, Tabuk Pharmaceuticals Manufacturing Co., Juphar, Jamjoom Pharma, GlaxoSmithKline plc. Pfizer Inc., Novartis AG and Sanofi. The report also identifies company-specific strategies related to product development, market consolidation initiatives and analysis of their specific strengths, weaknesses, opportunities and threats.
ABOUT US:
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.
CONTACT:
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Website: www.futuremarketinsights.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Saudi Arabia Pharmaceutical Market Analysis Will Expand at a CAGR of 9.0% from 2016 - 2026 here
News-ID: 479047 • Views: …
More Releases from Future Market Insights

Workstation Software Market to Soar to USD 43.9 Billion by 2035, Fueled by 3D Mo …
Rising Demand for Workstation Software Across Industries
The global workstation software market is set for robust growth, driven by increasing demand for advanced visualization, simulation, and design tools across industries such as manufacturing, architecture, media, and entertainment. Valued at USD 14.8 billion in 2025, the market is projected to reach USD 43.9 billion by 2035, registering a compound annual growth rate (CAGR) of 11.5%. This surge reflects the rising complexity of…

Bean Flour Market Set for Robust Growth in the USA at 6.27% CAGR Through 2035
The global bean flour market is entering a period of remarkable expansion, driven by surging demand for plant-based nutrition and gluten-free alternatives. Analysts forecast the market to grow from USD 5,075.3 million in 2025 to USD 9,262.0 million by 2035, reflecting a CAGR of 6.2%. This trajectory highlights an unparalleled opportunity for manufacturers to address evolving consumer preferences while enhancing sustainability and profitability.
As the world shifts towards cleaner diets and…

Blueberry Ingredient Market Set to Soar with 6.27% Growth in the USA by 2035
The blueberry ingredient industry has firmly established itself as a cornerstone of the functional foods, nutraceuticals, and natural flavoring sectors. Analysts project the market valuation to reach approximately USD 2.8 billion by 2025, with a robust CAGR of 6.5% forecasted from 2025 to 2035. This growth is being fueled by the escalating demand for clean-label products, plant-based formulations, and functional solutions across the food, beverage, and cosmetic industries.
Click Here for…

Activated Cake Emulsifier Market Set for 6.27% Growth in the USA, Poised to Tran …
The activated cake emulsifier market is entering a transformative phase, driven by evolving consumer preferences toward premium, high-quality bakery products. Estimated to reach USD 1,343.2 million in 2025, the market is projected to achieve USD 2,360.5 million by 2035, representing a robust 5.8% CAGR over the next decade. This growth offers a strategic opportunity for manufacturers to meet rising consumer demands while future-proofing operations through innovation, regional customization, and sustainability.
Click…
More Releases for Saudi
Saudi Wakala Offers Efficient and Reliable Saudi Visa Stamping Services
Saudi Wakala, a renowned agency specializing in Saudi visa stamping services, is proud to announce its commitment to providing swift and reliable visa processing for travelers to Saudi Arabia. Located in New Delhi, Saudi Wakala has established itself as a trusted partner for individuals and businesses requiring efficient visa stamping services.
Efficient Visa Processing
Understanding the complexities and time-sensitivity associated with visa stamping, Saudi Wakala offers a streamlined process managed by an…
saudi construction company,TOP saudi arabia construction companies list,civil co …
Abdul Ali Al-Ajmi Company
Advanced Support Company
Al Ashbelya Engineering
Al-Dour Engineering Contracting Est.
https://www.gdwatches.cn/
Free engineering construction consultation
Email:nolan@wholsale9.com
Alfanar
Arabian Tile Co. Ltd. (ARTIC)
Assad Said for Contracting Co Ltd
Automated Buildings Company
Bazy Trading and Contracting
Bin Dayel Contracting
Cercon
City Cement Company
Dar Al Majd
EG & G Middle East
East Consulting Engineering Center
El Seif Engineering Contracting Company
El Seif Engineering Contracting Company
Engineering Development Co for Contracting
FCC Company
https://www.gdwatches.cn/
Free engineering construction consultation
Email:nolan@wholsale9.com
Jones Engineering Group
Masar Consulting Engineer
Meinhardt Arabia
Mohammed M. Al Rashid Co. (MARCO)
Qureshi Telecom Contracting &…
Saudi Arabia Agriculture Market, Saudi Arabia Agriculture Industry, Saudi Arabia …
Saudi Arabia Agriculture is focussed on the spread of dates, dairy farm merchandise, eggs, fish, poultry, vegetables, and flowers to markets round the creation because it has attained its own potency within the production of such merchandise. The private sector additionally plays a role within the nation's agriculture, because the government offers long-term interest-free loans and inexpensive water, fuel, electricity, and duty-free imports of raw materials and machinery. Over the past…
Saudi Arabia Pharmaceutical Market | pharmaceutical companies in saudi arabia, p …
In order to study the various trends and patterns prevailing in the concerned market, Market Research Reports Search Engine (MRRSE) has included a new report titled “Saudi Arabia Pharmaceutical Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future.
The report examines Saudi Arabia pharmaceutical market for the period 2016–2026. The primary…
Saudi Arabia Airport Privatization Sector Saudi Arabia Airport Sales Report 2022
For Report Sample Contact: neeraj@kuickresearch.com or +91-11-47067990
Report Table of Contents
Saudi Arabia Aviation Industry Overview
Privatization in Saudi Arabia
Saudi Arabia Civil Aviation Regulatory Authority
3.1 General Authority of Civil Aviation (GACA)
3.2 International Air Transport Association
Saudi…
Saudi Arabia Mutual Fund Sector Saudi Arabia Mutual Fund Sales Report 2022
For Report Sample Contact: neeraj@kuickresearch.com or +91-11-47067990
Report Table of Contents
1. Saudi Arabia Financial Sector Overview
2. Saudi Arabia Stock Market and Exchange Overview
3. Saudi Arabia Mutual Fund Market Overview
4. Saudi Arabia Mutual Fund Program and Managers
4.1 Fund Managers and Companies
4.2 Types of Mutual Funds
5. Saudi Arabia Mutual Fund Asset Allocation
5.1 Market Overview
5.2 Mutual Fund Market Indicators
…