UAE Pharmaceutical Market Expected to Rise at a CAGR of 6.7% during 2024-2032
Pharmaceutical Market in UAE 2024: How Big is the UAE Pharmaceutical Industry? The UAE pharmaceutical market size is projected to exhibit a growth rate (CAGR) of 6.7% during 2024-2032 . The market is rapidly growing, driven by increasing healthcare demand, government initiatives, and a focus on innovation and R&D. Report Attribute Key Statistics Base Year 2023 Forecast Years 2024-2032 Historical Years 2018-2023 Market Growth Rate (2024-2032) 6.7% UAE Pharmaceutical Market Trends and Drivers: The UAE pharmaceutical market is experiencing significant growth due to substantial government investments in healthcare and a rising prevalence of chronic diseases. The UAE government, aligned with Vision 2021 and beyond, is heavily investing in healthcare infrastructure and policies to support the pharmaceutical sector's expansion. This includes initiatives to boost local pharmaceutical manuf...