Jordan Healthcare (Pharma and Medical Devices) Market Analysis, Regulatory, Reimbursement and Competitive Landscape

Jordan Healthcare (Pharma and Medical Devices) Market Analysis, Regulatory, Reimbursement and Competitive Landscape

Summary

GlobalData, the industry analysis specialist, has released its latest report “Jordan Healthcare (Pharma and Medical Devices) Market Analysis, Regulatory, Reimbursement and Competitive Landscape”. The report is an essential source of information on analysis of the healthcare, regulatory and reimbursement landscape in Jordan. It identifies the key trends in the country’s healthcare market and provides insights into its demographic, regulatory and reimbursement landscape, and healthcare infrastructure. Most importantly, the report provides valuable insights into the trends and segmentation of its pharmaceutical and medical device markets. It uses data and information sourced from proprietary databases, secondary research, and in-house analysis by GlobalData’s team of industry experts.

Jordan is regarded as one of the most prominent medical tourism destinations in the Middle East and is a front-runner in pharmaceutical production in the Middle East and North Africa (MENA) region. As a result of factors like increased medical tourism from Saudi Arabia and other Gulf Cooperation Council (GCC) nations, Jordan is expected to experience further growth in the coming years. Jordan’s pharmaceutical market, in terms of US dollars, was worth $0.91 billion in 2014, which was expected to increase at a Compound Annual Growth Rate (CAGR) of 3.5% to $1.16 billion in 2021. The market value is expected to grow further and is forecast to reach $1.42 billion by 2027. The growth of the pharmaceutical market is attributed to the medical tourism sector, an aging population, the associated disease burden, and exports. Jordan’s medical devices market was expected to grow at a CAGR of 9.3% from $244 million in 2015 to $595 million in 2021. It is expected to reach $1.5 billion by 2027. The demand for medical supplies and services is influenced by several factors, including the expansion of health insurance coverage, the construction of new hospitals and medical facilities, the development of pre-existing hospitals, and the switch from traditional treatments to modern ones. The Ministry Strategy 2020-24 aims to safely digitalize the Jordanian economy. Through this strategy, the government of Jordan is focusing on the development of the National Fiber Optic Network Program, which will help link all the government, health, and education agencies of various regions of the nation.

Scope

The report provides information on the healthcare, regulatory, and reimbursement landscape in Jordan, and includes -

• An overview of the pharmaceutical and medical device markets, comprising market size, segmentation, and key drivers and barriers.
• Profiles and SWOT analyses of the major players in the pharmaceutical market: Pfizer, Sanofi, Novartis, GSK, and JPM.
• Profiles and SWOT analyses of the major players in the medical device market: Roche, Abbott, Medtronic, Fresenius, and Stryker.
• An insightful review of the COVID-19 epidemiology, COVID-19 impact and developments in the healthcare market, HealthTech landscape, reimbursement, and regulatory landscape, with analysis covering details of the country’s healthcare reimbursement process, regulatory agencies, and the approval processes for new drugs and medical devices.
• Detailed analysis of the country’s healthcare policy highlights, demographics, healthcare infrastructure, and healthcare expenditure.
• An overview of the opportunities for and challenges to growth in Jordanian healthcare market.

Reasons to Buy

This report will enhance your decision-making capability by allowing you to -

• Develop business strategies by understanding the trends shaping and driving Jordanian healthcare market
• Drive revenues by understanding the key trends, reimbursement and regulatory policies, pharmaceutical market segments and companies likely to impact Jordanian healthcare market in the future
• Formulate effective sales and marketing strategies by understanding the competitive landscape and analyzing competitors’ performance
• Organize your sales and marketing efforts by identifying the market categories and segments that present the most opportunities for consolidation, investment and strategic partnership