Pharmaceutical market in MENA region forecast to reach $50 billion in 2025
Analysts expect the pharmaceutical market in the Middle East and North Africa (MENA) region to grow to around $50 billion by 2025, up from $32 billion last year.
These strong growth forecasts come despite regional pressures such as low oil prices, which have caused a slowdown in public sector growth and heightened pressure on drug prices.
Increased privatization, in combination with a continued dependence on drug importation has seen regional corporations partnering with pharmaceutical companies in developed countries to market and distribute drugs.
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