DUBLIN–(BUSINESS WIRE)–The “UAE Pharmacy Retail Market, By Market Structure (Organized v/s Unorganized), By Product Type, By Therapeutic Area, By Drug Type, By Pharmacy Location, By Region, Competition Forecast & Opportunities, 2027” report has been added to ResearchAndMarkets.com’s offering.
The UAE pharmacy retail market is projected to register growth at a robust CAGR during the forecast period, 2023-2027
The market growth can be attributed to the increasing incidences of chronic diseases and supportive government policies promoting the growth of the healthcare industry. Besides, emergence of retail pharmacies at public places such as in malls and airports and adoption of lucrative marketing strategies by market players are anticipated to fuel the growth of the UAE pharmacy retail market through the next five years.
Additionally, expanding geriatric population in UAE that require quality healthcare services and effective treatment are fueling the growth of the pharmacy retail market in the country. As UAE is developing at a rapid rate and population is following the lifestyle of western country, lifestyle disorders are growing at a prevalent rate, leading to a high demand for pharmaceuticals. Emergence of new retail pharmaceutical stores in the country is also expected to propel the growth of the market.
UAE has a strong healthcare infrastructure and the government is heavily investing in the development of healthcare services and treatments to make the country one of the major industries that contributes to the nation’s revenue. Market players are opening up new pharmacy retail stores at public locations such as malls and airports to build customer trust, increase sales, and offer consultation services to patients.
In order to reduce the dangers and high costs associated with hospital stays, consumers are becoming more health conscious and putting more emphasis on adopting preventative healthcare practices. Besides, the rising demand for over-the-counter medications and home healthcare equipment are expected to aid towards the tremendous growth of UAE pharmaceutical retail market over the next five years.
Moreover, rising incidences of chronic diseases is prompting patients to take precautions, which has led to increased sales at retail pharmacies and positively impacting the market demand. Additionally, rising customer interest in telemedicine and remote consultation services are anticipated to add to the market growth.
The UAE pharmacy retail market is segmented on the basis of market structure, product type, therapeutic area, drug type, pharmacy location, regional distribution, and company. Based on product type, the market is divided into prescribed drugs, over-the-counter drugs, non-pharmaceutical products, and medical equipment. The prescribed drugs segment is expected to hold the largest share, owing to easy availability of drugs in the market.
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in UAE pharmacy retail market.
- Thumbay Phamacy
- Aster Pharmacy
- Al Manara Pharmacy
- Boots Pharmacy
- BinSina Pharmacy
- Medicina Pharmacy
- Supercare Pharmacy
Report Scope:
Years considered for this report:
- Historical Years: 2017-2020
- Base Year: 2021
- Estimated Year: 2022E
- Forecast Period: 2023F-2027F
UAE Pharmacy Retail Market, By Market Structure:
- Organized
- Unorganized
UAE Pharmacy Retail Market, By Product Type:
- Prescribed Drugs
- Over-the-Counter Products
- Non-Pharmaceutical Products
- Medical Equipment
UAE Pharmacy Retail Market, By Therapeutic Area:
- Cardiovascular
- Anti-Diabetic
- Pain Relief/Analgesics
- Vitamins/Minerals/Nutrients
- Anti-Infective
- Others
UAE Pharmacy Retail Market, By Drug Type:
- Generic
- Patented
UAE Pharmacy Retail Market, By Pharmacy Location:
- Street/Mall Based
- Hospital Based
UAE Pharmacy Retail Market, By Region:
- Dubai
- Abu Dhabi
- Sharjah
- Rest of UAE
For more information about this report visit https://www.researchandmarkets.com/r/11byl6-pharmacy?w=4
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Contacts
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900