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Reportlinker Adds The Outlook for Pharmaceuticals In The Middle East And North Africa To 2015
Date:8/31/2010

the existing facilities. There are two main areas of reform: primary healthcare and the provision of a national health insurance scheme. In Morocco, the health insurance system is in a transitional phase. Overall, opportunities exist, particularly in Turkey and Egypt, as combined health expenditure in these five markets is projected at US$120.3 billion in 2015.

Increasing pharmaceutical demand

International companies recognise the value and potential of these five MENA pharmaceutical markets. sanofi-aventis, for instance, is the largest pharmaceutical operation in Morocco, whilst GlaxoSmithKline is the leader in Saudi Arabia. Some local producers, such as Hikma from Jordan and SPIMACO from Saudi Arabia, aim to become regional leaders. The projected CAGR for the region is very attractive compared to mature markets or other emerging markets. In fact, the MENA pharmaceutical market is expected to represent a combined valued of US$35.9 billion at retail prices in 2015, including pharmacy and hospital sales. The region is headed by Turkey, followed by Egypt and Saudi Arabia. Local manufacturing production is fragmented and geared towards branded generics, but reliance on imports remains. Biotechnology is still in its infancy.

Highlights from the region

Egypt

Positive economic and demographic factors are expected to drive pharmaceutical market growth. However, healthcare provision is highly fragmented. Regulatory advancements in the internal market will increase manufacturing opportunities, although concerns remain regarding drug price referencing, introduced in 2009. The private pharmacy sector has increased by a high double digit CAGR in recent years, but per capita consumption is still low. The pharmaceutical market is expected to grow by a high CAGR over the next few years, as domestic production is expected to rise and as the healthcare system continues in its transition towards modernisation. Ther
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