UAE Pharmacy Retail Market, By Market Structure (Organized v/s Unorganized), By Product Type (Prescribed Drugs, Over-the-Counter Products, Non-Pharmaceutical Products, Medical Equipment), By Therapeutic Area (Cardiovascular, Anti-Diabetic, Pain Relief/Ana

UAE Pharmacy Retail Market, By Market Structure (Organized v/s Unorganized), By Product Type (Prescribed Drugs, Over-the-Counter Products, Non-Pharmaceutical Products, Medical Equipment), By Therapeutic Area (Cardiovascular, Anti-Diabetic, Pain Relief/Analgesics, Vitamins/Minerals/Nutrients, Anti-Infective, Others), By Drug Type (Generic v/s Patented), By Pharmacy Location (Street/Mall Based v/s Hospital Based), By Region, Competition Forecast & Opportunities, 2027

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.

Major players operating in the UAE pharmacy retail market are Thumbay Phamacy, Aster Pharmacy, Al Manara Pharmacy, Boots Pharmacy, BinSina Pharmacy, Medicina Pharmacy, Supercare Pharmacy, among others.

Years considered for this report:

Historical Years: 2017-2020

Base Year: 2021

Estimated Year: 2022E

Forecast Period: 2023F–2027F

Objective of the Study:

• To analyze the historical growth in the market size of the UAE pharmacy retail market from 2017 to 2021.
• To estimate and forecast the market size of UAE pharmacy retail market from 2022E to 2027F and growth rate until 2027F.
• To classify and forecast the UAE pharmacy retail market based on market structure, product type, therapeutic area, drug type, pharmacy location, region, and company.
• To identify the dominant region or segment in the UAE pharmacy retail market.
• To identify drivers and challenges for the UAE pharmacy retail market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the UAE pharmacy retail market.
• To identify and analyze the profiles of leading players operating in the UAE pharmacy retail market.
• To identify key sustainable strategies adopted by market players in UAE pharmacy retail market.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers who could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the country.

TechSci Research calculated the market size of the UAE pharmacy retail market using a bottom up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these products and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

• Market research and consulting firms
• Government bodies such as regulating authorities and policy makers
• Organizations, forums, and alliances

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as product manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, UAE pharmacy retail market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• 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

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in UAE pharmacy retail market.

Company Information

• Detailed analysis and profiling of additional market players (up to five).

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