Saudi Arabia imports 80% of drugs from various countries, and the market in the country is dominated by several multinational companies. Marcopolis.net has ranked the largest pharmaceutical companies Saudi Arabia. 79%. It is believed that the pharmaceutical industry is the backbone of the country: it helps to ensure the health of its citizens. This has been growing by double digits in recent years, and while that expansion has slowed, there should be additional growth in the coming years from a major planned restructuring. “We’ve seen major international and regional companies locating their production here in recent years, so I think it’s quite possible to boost this further.”The main way to achieve this is via a comprehensive track-and-trace system, which the SFDA is currently rolling out. At present, most manufacturers have laboratories and small-scale R&D facilities, while the pharmaceuticals colleges undertake more substantive work. Saudi Arabia Pharmaceutical Market to Reach US$ 5.2 Bn in 2016 Due to Rising Demand for Branded Drugs Saudi Arabia Pharmaceutical Market to expand at a … “It’s very feasible,” Faisal Bindail, deputy general manager of AJA Pharma, told OBG. May 2017 provided an example of regional cooperation with the opening of the $53m Julphar Saudi Arabia plant, also located at KAEC. GDP per capita was around $16,698 in 1980, rising to $18,753 by 2010 and $20,481 in 2015. Within the healthcare and medical industry, Saudi Arabia’s privatization agenda as part of Vision 2030 will ... aimed to grow the local pharmaceutical industry, privatize hospitals, and remake primary healthcare Executive Summary. Foreign companies included, according to a research note by Aljazira Capital, in 2008 the following pharmaceutical companies had the largest market share in Saudi Arabia: GSK 10.3%, SPIMANCO 9.4%, Pfizer 6.4%, Tabuk 3.9%, Novartis 3.3%, Jamjoom 3.2%, Astra 3.1%, Julphar 3.1%, MSD 2.5% and Janssen 2.5%. This figure breaks down into $4.1bn spent on patented drugs, $2.3bn spent on generic drugs, and $1bn on over-the-counter medicines. The development of pharmaceuticals is listed as a strategic objective, aiming to boost the proportion of local manufacturing in the sector to 40% by 2020.The MoH also comes in on this KPI, with an instruction to further localise the industry, both in sources and employment.The government, conscious of the growing costs of imported pharmaceuticals – for individuals, the MoH and other health service providers – aims for that share to be boosted considerably. KAEC is also set to be the site for Indian pharmaceuticals manufacturer Aurobindo Pharma’s first Saudi plant, while AJA Pharma itself is in the final stages of constructing a new, 120,000-sq-metre plant at Hail Industrial City which will locally manufacture drugs under licence on behalf of foreign firms.Explore any of the chapters below to select an article.At the same time, the NTP targets the share of the sector in non-oil and gas GDP to rise from 0.98% to 1.97%. Some 70% of the imports originate in Europe, 13.1% in the US, 12.3% from the GCC, and the rest from elsewhere.Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.As a result, the sector has grown from an industry worth around $3bn in 2008 and $3.8bn in 2012, to around $7.4bn in 2016.

Barcodes on products ensure that information can be accumulated in a central database at the SFDA – in cooperation with the MoH – to establish a chain of custody from manufacturer to the point of sale at a local pharmacy. First, there is organic growth – the population has grown from just 9.9m in 1980 and 16.4m in 1990 to 32.6m in 2016, according to the General Authority for Statistics. As the largest economy in the GCC, by both population and GDP, Saudi Arabia also has the region’s largest pharmaceuticals market.

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