Market Analysis - Pharm Chem 2018
Dubai investment in Globalpharma was well timed, as they profited on the rapid growth in the pharmaceutical sector in the region. It manufactures medicines such as antibiotics, cardiovascular, painkillers, food supplements, vitamins and anti-allergic formulations and others. The outlook cost of the medicines in Dubai, is highest among the Middle East The pharmaceutical market in the United Arab Emirates (UAE) is set to grow from just over AED 9.6 billion in 2016 and are estimated to grow around AED 13 billion, Another major trend is the growth of local production of pharmaceuticals which is estimated to grow at a CAGR of around 10% from 2015 to 2018., driven by increased healthcare expenditure, mandatory health insurance, and growing medical tourism. According to research and checking firm Global Data’s latest report, the UAE is rapidly gaining popularity as a medical tourism destination due to its low costs, English-speaking medical staff, and nearly non-existent queues for treatment. Indeed, the Dubai Health Authority is working to develop the medical tourism sector, aiming to attract 1.3 million medical tourists annually by 2021. One major initiative of the UAE government is its encouragement to private sector involvement and investment with the ultimate aim of refining healthcare. To this end, the government has established the Dubai Healthcare City and Dubai Science Park, which are special zones that come with 100% tax renovation and foreign ownership.
Scope and Importance:
The pharmaceutical business speaks to a standout among the most dynamic and requesting ventures on the planet. As human services keep on developing and record for a noteworthy bit of the economy in the United States and all through the world, the significance of the pharmaceutical and social insurance industry increments. The Pharma Industry are in charge of advancement, generation and advertising of drugs. Throughout the years drug store has developed as pharmaceuticals sciences through innovative work forms. It is identified with item and in addition to administrations. The different medications found and created are its items and the human services it gives goes under the class of administrations.
Dubai is the most crowded city in the United Arab Emirates (UAE). It is located on the southeast shore of the Persian Gulf and is one of the seven emirates that make up the nation. The city of Dubai is located on the emirate's northern seashore and heads up the Dubai-Sharjah-Ajman metropolitan territory. Dubai is to host World Expo 2020.Dubai has risen as a worldwide city and business center of the Middle East. It is additionally a noteworthy transport center for travelers and payload. By the 1960s, Dubai's economy depended on incomes from exchange and, to a littler degree, oil investigation concessions, yet oil was not found until 1966. Oil income initially began to stream in 1969. Dubai's oil income quickened the early advancement of the city, yet its stores are controlled, and creation levels are low: today, under 5% of the emirate's income originates from oil. The emirate's Western-style model of business drives its economy with the primary incomes now originating from tourism, flying, land, and monetary administrations. The most understood colleges in Dubai are American University in Dubai, Halt International Business School, Al Ghurair University, The American College of Dubai, University of Wollongong in Dubai, British University in Dubai offering courses in Business Administration, Engineering, Architecture and Interior Design. American University in Dubai is one of the six UAE colleges highlighted in QS World University Rankings 2014/2015. In 2013 Synergy University Dubai Campus opened its grounds in Jumeirah Lakes Towers being a first University in Dubai to situated outside of Educational Zones.
List of Pharmaceutical Companies in Dubai:
Life Pharma FZE
Pharma Service Company
Globalpharma - A Sanofi Company
Pharma trade L.L.C.
Aster (Aster One) Pharmacy
IDS - Al I ttihad Drug Store
Ranbaxy Laboratories Limited
Astra Zeneca UAE
Societies Associated with United Arab Emirates:
Aweer Society Pharmacy
Safa Society Pharmacy
5th International Congress of the Emirates Neurology Society (EMINS).
Aster Al Aweer Pharmacy
International Society of Oncology Pharmacy Practitioners