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GCC Generic Drug Market Size http://www.cheapairmaxclearancesale.com/ , Share, Growth, Trends And Forecast 2017-2022 Health Articles | November 13, 2017

The GCC generic drug market has been witnessing a positive growth over the past few years. The market is further expected to grow due to the cost-effectiveness of generic drugs and an emphasis on their domestic production.

Initiatives taken by the governments in the GCC region have created an awareness towards the use of generic drugs. The demand for generic drugs is expected to be supported by the low-income and emigrant population. Saudi Arabia is the largest market, accounting more than a half of the total market share.

One of the major drivers which is expected to boost the market is the emphasis by the governments on the production of generic drugs within the GCC region. Reduction in the usage of imported drugs will further help in stimulating the domestic manufacturing capacity of these drugs. Additionally, the governments of Saudi Arabia, Oman and the UAE have initiated campaigns which aim at increasing awareness towards the replacement of branded drugs by their generic counterparts. However Cheap Air Max 90 , a significant affluent population which prefers branded drugs can hamper the market growth. Despite this, the low-income and emigrant population is expected to encourage the demand for generic drugs. According to the report, the market is projected to continue its growth, reaching a value of more than US$ 3,300 Million by 2022.

The market has been segregated on the basis of country, covering Saudi Arabia, UAE Cheap Nike Air Max Shoes , Kuwait, Qatar, Bahrain and Oman. Amongst these, Saudi Arabia is the largest market, accounting for more than a half of the total market share. Owing to the rapid economic development and gradual rise in the prevalence of lifestyle diseases in the country, the market of generic drugs has seen a positive growth. After analysing the competitive landscape of the market, it is found that the key players are SPIMACO Cheap Air Max Shoes , Pfizer, TPMC, Novartis and Hikma.

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The report by IMARC Group has examined the GCC generic drug market on the basis of:

Country:



Saudi Arabia UAE Kuwait Qatar Bahrain Oman


Key Players:



SPIMACO Pfizer Novartis TPMC Hikma

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