Powering Pharmaceutical Growth

The increasing healthcare expenditure, growing population and government efforts in healthcare are the factors responsible for the high growth of the pharmaceutical distribution sector in the UAE. The pharmaceutical market in the UAE is expected to grow at a CAGR higher than 7 percent till 2029. The growth is fueled by escalating demand for advanced medicals, specialized therapies and preventive healthcare treatments as well. This also creates opportunities for the UAE moving forward as a gateway to Asia, Africa and Europe, as a hub for pharmaceutical trade and distribution. This ensures that pharmaceutical products enter and exit from the country seamlessly, and can be distributed through the country’s world class logistics infrastructure and a business friendly regulatory environment. As a result, the UAE is now a key player in regional pharma supply chain.

Research, innovation and investment in the healthcare sector are promoted by government efforts including the National Innovation Strategy and Dubai Biotechnology and Research Park. Healthcare accessibility and quality improvement is the focus of programs that make space for distributors to align with the advancement of healthcare goals. In addition, there is a high demand for chronic disease medicines and special treatments associated with an increasing population of the UAE's expatriate workforce and aging population. Digital transformation and partnerships with manufacturers are being used by pharmaceutical distributors to deliver efficient and scalable delivery models to satisfy this ever increasing demand.

It is with the view of staying updated with the emerging trends in the region’s business landscape that Asia Business Outlook has come up with a special issue containing stories of companies that have demonstrated their capability through their expertise. To strengthen the business landscape with their tightly-knit and result-oriented approach, they are setting new standards of effectiveness.

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