Pharma14 is glad to announce the addition of the United Arab Emirates to its global medicine database.
The United Arab Emirates pharmaceutical market, is currently valued at $2.7 billion.
This figure represents 16.3% of the national healthcare budget.
Patented pharmaceutical spending represents 67.2% of total medicines sold while generics and OTC products are standing at 18.4% and 14.4% respectively.
Rx medicines account for 85.6% of the total pharmaceutical market.
The U.A.E. healthcare market is quickly growing. In 2017, healthcare expenditures in the U.A.E. reached $17 billion and are expected to rise to $21.3 billion by 2021.
Overall healthcare spending is projected to account for 4.6% of a country’s GDP by 2026 from 4.2% in 2016
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