Journal of Drug Metabolism & Toxicology
Open Access
ISSN: 2157-7609
+44-20-4587-4809
ISSN: 2157-7609
+44-20-4587-4809
Market Analysis - (2021)Volume 12, Issue 2
From Middle-East to North Africa consists of 18 countries from Morocco to Iran. This region had gradually developed its Pharma markets to more than 140 companies are operating in this region. MENA (Middle East and North Africa) pharmaceutical market accounts approximately 2% of the world market.
The pharmaceutical sector in the Middle-East and North Africa has observed remarkable growth in the region over the last few years and is estimated to grow around US$60 billion by 2025, with US$1.2-billion allocated for the healthcare system in the 2019 budget. The governments in this region had focusing more and more on the well-being of a growing population and enhancing healthcare services, timely and safe delivery of medical supplies and pharmaceuticals products has laid down the promising future for pharmaceutical industry in the region of Middle East. According to globe Pharma studies, the pharmaceutical sector’s growth in the region is largely driven by high population growth and it has increased life expectancy and the good lifestyle.
The global pharmaceutical market was worth $934.8 billion in 2017and will reach $1,170 billion in 2021, growing at around 5.8%.The Middle East and North Africa is the region is noted for quick expansion of the pharmaceutical sector. According to the some research the Pharmaceutical market has reached the $25B in value in 2018, with a short-term growth of 13% from 2017 to 2018.
Clinical Research:
The clinical research industry of Abu Dhabi gives the Services on clinical is trial and the service providers which are used to offer a high quality, cost-effective service and clinical expertise to the hospitals, and the healthcare units. The clinical laboratory reports of UAE, services market, analyses the current and gives future prospects of the market. The clinical report gives the information about the test types, and its segments market opportunity analysis along with a market snapshot and comparative analysis. This report provides in-depth analysis of the clinical laboratory services market in Abu Dhabi. The responsible person for giving report include laboratories, pharmaceutical. The diagnostic companies providing clinical test solutions and laboratory services .The market analysis gives a test types and service providers makes significant segments in the UAE market in 2016.The clinical laboratories are those players in the Clinical laboratories service. The Middle East clinical trials market size was estimated at USD 1.36 billion in 2019 and expected to expand to 1.95 USD in 2024 at a CAGR of 7.55% over the forecast period.
Scope of Pharmacoepidemiology in Middle East:
The recent advance in the technology and the increase in population size has made a bright future of clinical and pharmacoepiodiomolgy in the Middle East region. The government of Abu Dhabi has made changes in the governing polices which results in the more outcome of people in the region. The lifestyle of people had changed with the facility from the government. The cases for the rate for all strokes ranged between 22.7 and 250 per 100,000 people per year. The growth rate for stroke ranged comes in 508 and 777 per 100,000 populations. Among reporting studies gender differences75% reported a high male-to-female ratio are stroke patients. The actual age of stroke was within the sixth and the seventh decade.
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