Navigation Links
Several Market Access Drivers Provide Attractive Opportunities for Multinational Companies in Saudi Arabia's Pharmaceutical Market
Date:9/9/2013

BURLINGTON, Mass., Sept. 9, 2013 /PRNewswire/ -- Decision Resources, one of the world's leading research and advisory firms for pharmaceutical and healthcare issues, finds that Saudi Arabia's oil-fueled prosperity, growing population, and liberal health spending policies are major drivers of market growth and have generated attractive opportunities for multinational pharmaceutical companies. An expanding network of medical facilities and the requirement for mandatory health insurance have fueled market expansion. The government is also privatizing the healthcare industry and creating more public-private partnership opportunities to spur investment in new medical cities, which will provide improved access to health services.

(Logo: http://photos.prnewswire.com/prnh/20130103/MM36784LOGO )

The Saudi Arabia Market Access Tracker finds that the Saudi government is equally committed to the strict regulation of both the private and public sectors in order to provide health benefits at an optimal cost. Despite ample market opportunities for multinationals, strict registration, pricing, and drug distribution policies present challenges to market entry.

The findings also reveal that a major attraction for multinationals is that the domestic pharmaceutical industry has not kept pace with the needs of the Saudi market, which is highly dependent on imported drugs, both brands and generics. However, government policies to promote the domestic industry as well as continuing cost-containment activities will pose barriers to multinationals interested in this important Middle East market.

As the largest pharmaceutical market of the Gulf Cooperation Council (GCC), the Saudi market has both local and regional appeal. "Unified drug registration, pricing, and procurement policies among the member states are steadily molding the GCC region into a harmonized common market, as opposed to the individual markets of the past," said Decision Resources Analyst Gilan Megeed, M.P.H. "Many Saudi regulations and guidelines are modeled after those in the European Union, the World Health Organization, and the International Conference on Harmonization. The GCC common market clearly seeks to emulate the success of the EU common market."

About Decision Resources
Decision Resources (www.decisionresources.com) is a world leader in market research publications, advisory services and consulting designed to help clients shape strategy, allocate resources and master their chosen markets. Decision Resources is a Decision Resources Group company.

About Decision Resources Group
Decision Resources Group is a cohesive portfolio of companies that offers best-in-class, high-value information and insights on important sectors of the healthcare industry. Clients rely on this analysis and data to make informed decisions. Please visit Decision Resources Group at www.DecisionResourcesGroup.com.

All company, brand, or product names contained in this document may be trademarks or registered trademarks of their respective holders.


'/>"/>
SOURCE Decision Resources
Copyright©2012 PR Newswire.
All rights reserved

Related medicine technology :

1. Altaire Pharmaceuticals, Inc. Issues Voluntary Nationwide Recall of 9 lots of Carboxymethylcellulose Sodium 0.5% Ophthalmic Solution sold under several brands
2. ViroPharma To Participate In Several June Healthcare Investor Conferences
3. Several Market Access Barriers Impede Multinational Companies From Easily Accessing Argentinas Pharmaceutical Market But Attractive Opportunities Exist
4. Texas Childrens Hospital is the first childrens hospital in the nation to offer PET/MRI scanner to better diagnose several childhood diseases
5. Medbox, Inc. Sees Opportunity in Several New States
6. Emerging Markets Present Challenge for Medical Device Companies Outsourcing Clinical Activities
7. Solid State Lighting Market worth $56.79 Billion by 2018
8. Hospital Acquired Infection Control Market: Sterilization, Disinfection, Testing and Treatment
9. Innophos To Present At 2013 KeyBanc Capital Markets Basic Materials & Packaging Conference
10. mHealth Apps & Solutions Market Worth $20.7 Billion by 2018
11. The Strongly Growing Chinese Heart Valve Market Has A Number Of Distinct Features That Will Challenge Competitors
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/23/2017)... Research and Markets has announced the addition of the "Menopause Drugs ... ... Price Analysis and Strategies - 2016, provides drug pricing data and benchmarks ... What are the key drugs marketed for ... Menopause market? What are the unit prices and annual ...
(Date:2/23/2017)... Research and Markets has announced the addition ... 2016" report to their offering. ... The latest research Oesophageal Cancer Drugs Price ... in the global Oesophageal Cancer market. The research answers ... key drugs marketed for Oesophageal Cancer and their clinical attributes? How ...
(Date:2/23/2017)... Calif. , Feb. 23, 2017 ... company focused on the development and commercialization of ... pain, announced that it will release fourth quarter ... Thursday, March 2nd, 2017. AcelRx management will host ... Time (1:30 p.m. Pacific Time) on March 2 ...
Breaking Medicine Technology:
(Date:2/24/2017)... ... 24, 2017 , ... Dr. Ronald E. Hawkins, vice president ... of Peter A. Bell, DO, MBA, HPF, FACOEP-dist., FACEP, as the new dean ... Dr. Bell comes to Liberty from the Ohio University Heritage College of Osteopathic ...
(Date:2/24/2017)... ... February 24, 2017 , ... In the Health Care IT campaign, Robert Herjavec ... it’s not if you will be attacked, but when.” However, he and many others ... health care. , Improvements in auditing and monitoring have taken security in health care ...
(Date:2/24/2017)... Texas (PRWEB) , ... February 24, 2017 , ... ... to The Medical Center at Craig Ranch building at 8080 State Highway 121, Suite ... Medical District with easy access to Highway 121. , As the practice has grown, ...
(Date:2/24/2017)... ... , ... With ProGlass Prism users now have the ability to simulate prism ... position, rotation, distortion, edge softness, edge blur, chromatic aberration, individual glass position offset, anchor ... Prism users are given the tools and effects to generate a fractal prismatic ...
(Date:2/24/2017)... ... February 24, 2017 , ... Yisrayl Hawkins, Pastor and Overseer at ... concerning this present generation. Yisrayl makes an astounding statement when he says that ... explains that the Bible details the current times so plainly that anyone should be ...
Breaking Medicine News(10 mins):