Middle East and Africa Drug Delivery Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Inhalation Drug Delivery, Injectable Drug Delivery, Nasal Drug Delivery, Oral Drug Delivery, Transdermal Drug Delivery), By Application (Disease Treatment, Research/Academic Purposes), And By Country- Forecasts From 2022 To 2027
- Published : Jun 2022
- Report Code : KSI061612673
- Pages : 82
The Middle East and Africa drug delivery market was valued at US$26.633 billion in 2020 and is expected to register a CAGR of 27.60% to reach the market size of US$146.651 billion in 2027. The growth is attributed to the rise in the prevalence of chronic diseases and the growing geriatric population in the region.
Drug delivery is a therapeutic process that introduces therapeutic effects to the human body by way of drug administration at a specific site of the body. The efficacy of a drug and the safety of a patient cannot be improved by controlling the time, rate, and release of the drug into the body. There are various ways of drug delivery, such as oral, nasal, injection, pulmonary, and others. The advancement in technology, such as the introduction of nanotechnology, has improved the drug delivery process and made it more efficient.
The rising rate of diagnosis and treatment is expected to boost the Middle East and African drug delivery markets
Life expectancy in the countries of the Middle East and Africa has been growing in the last few years. For instance, the life expectancy age in Israel according to world bank data has reached up to the age of 82.8 years. At the same time, the life expectancy age in Saudi Arabia and the UAE has been raised to 75 years and 77 years, respectively. This ultimately propels the growth of the geriatric population. With this, awareness regarding diagnosis and treatment is also expected to grow. The major geriatric population in developed and developing countries has started to prefer self-administering drugs.
Moreover, the health expenditure on healthcare in these countries is also rising. For instance, the domestic general government health expenditure by the African government in 2018 was increased by 70.5%. This has created opportunities for the drug dealing industry sector in the Middle East and Africa region. The demand for generic medicines due to their affordable costs and for biosimilar drugs has been increased. This has led to a robust drug dealing market in the region.
Restraints
However, the side effects of allopathy, or drugs that may cause severe infections to a specific body part or sometimes overall human health, and needle-stick injuries are factors that keep the majority of the population in developing countries and rural areas using traditional medicines. This hampers the growth of the drug-dealing market in the Middle East and Africa region.
South Africa holds a significant market share
In terms of awareness regarding the diagnosis and treatment, South Africa is one of the leading countries in the Middle East and Africa. Thus, the demand for drugs in this country is greater as compared to other countries. This is why the market density here is higher. The demand is estimated to rise in upcoming years. With the increasing demand, the drug-dealing market is expected to grow during the forecast period.
Latest developments
In December 2021, Biocon, a biotechnology major, announced a tie-up with Tabuk Pharmaceutical Manufacturing Company, which is a Saudi Arabia-based drug firm. The pack has been signed in an attempt to commercialise the region's select specialty products. COVID-19 Impact on the Middle East and Africa’s Drug Delivery Market:
The threat of such diseases has been increased after the outbreak of COVID-19. On account of the precautions, the consumption of medicine has been increased. Thus, the demand for drug dealing has increased since 2019 and is estimated to grow in upcoming years. Hence, with the positive impact of COVID-19, the drug-dealing market in the region is estimated to grow in the future.
Middle East And Africa Drug Delivery Market Scope:
Report Metric | Details |
Market size value in 2020 | US$26.633 billion |
Market size value in 2027 | US$146.651 billion |
Growth Rate | CAGR of 27.60% from 2020 to 2027 |
Base year | 2020 |
Forecast period | 2022–2027 |
Forecast Unit (Value) | USD Billion |
Segments covered | Type, Application, And Country |
Regions covered | South Africa, Saudi Arabia, Israel, Others |
Companies covered | Tabuk Pharmaceutical Manufacturing Company, Pfizer Inc., ANTARES Pharma, Glaxosmithkline Plc., Merck Sharp & Dohme Corp., Sanofi, Bayer AG |
Customization scope | Free report customization with purchase |
Market Segmentation
- By Type
- Inhalation Drug Delivery
- Injectable Drug Delivery
- Nasal Drug Delivery
- Oral Drug Delivery
- Transdermal Drug Delivery
- By Application
- Disease Treatment
- Research/academic purpose
- By Country
- South Africa
- Saudi Arabia
- Israel
- Others
1.1. Market Definition
1.2. Market Segmentation
2. Research Methodology
2.1. Research Data
2.2. Assumptions
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of End-Users
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. Middle East and Africa Drug Delivery Market Analysis, by Type
5.1. Introduction
5.2. Inhalation Drug Delivery
5.3. Injectable Drug Delivery
5.4. Nasal Drug Delivery
5.5. Oral Drug Delivery
5.6. Transdermal Drug Delivery
6. Middle East and Africa Drug Delivery Market, by Application
6.1. Introduction
6.2. Disease Treatment
6.3. Research/academic purpose
7. Middle East and Africa Drug Delivery Market Analysis, by Country
7.1. Introduction
7.2. South Africa
7.3. Saudi Arabia
7.4. Israel
7.5. Others
8. Competitive landscape and analysis
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. Companies Profiled
9.1. Tabuk Pharmaceutical Manufacturing Company
9.2. Pfizer Inc.
9.3. ANTARES Pharma
9.4. Glaxosmithkline Plc.
9.5. Merck Sharp & Dohme Corp.
9.6. Sanofi
9.7. Bayer AG
Tabuk Pharmaceutical Manufacturing Company
Pfizer Inc.
ANTARES Pharma
Glaxosmithkline Plc.
Merck Sharp & Dohme Corp.
Sanofi
Bayer AG
Related Reports
Report Name | Published Month | Download Sample |
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North America Drug Delivery Market Size: Report, 2023 - 2028 | Dec 2023 | |
Inhalation Drug Delivery Market Size: Forecasts till 2024 | Apr 2021 | |
Injectable Drug Delivery Market Share: Industry Report, 2019-2024 | May 2020 | |
South America Drug Delivery Market Size: Report, 2022-2027 | May 2022 | |
Europe Drug Delivery Market Size: Industry Report, 2022-2027 | Mar 2022 |