GCC Pharmacy Market Outlook

gcc pharmacy market outlook for 2018 to 2032 is optimistic. analysts predict that the market is poised to experience significant growth over the next 14 years, driven by rising population levels and incomes, increasing investment in healthcare infrastructure, and favorable government policies. the uae, saudi arabia, kuwait, and oman are leading countries whose population is expected to grow significantly by 2030. this will have a direct positive impact on the pharmacy market as more hospitals, health centers, and medical facilities are required to cater to the rising population. in addition, a growing number of expatriates are looking for a range of medical services and drugs due to a rise in pre-existing health conditions. increasing focus on elderly care, particularly in saudi arabia, will also drive growth in the pharmacy market. investment in healthcare infrastructure will continue to fuel the gcc pharmacy market. in the uae, for example, the government has been investing heavily in healthcare infrastructure including pharmacy stores. the country aims to open 3,600 outlets by 2020 and by 2032 it expects this number to increase to 6,000. government policies are also beneficial for the growth of the pharmacy market in the region. for example, in the uae, there are regulations in place to ensure the quality of medical drugs and services, this will help pharmacies distinguish their products in the competitive market. in addition, the governments are encouraging the integration of technology in pharmacies in order to improve efficiency in the market. this will enable better access to healthcare services and products, which will further contribute to the growth of the pharmacy market. overall, the gcc pharmacy market has a bright future and is expected to experience significant growth in the coming years due to the increasing population levels and incomes, investment in healthcare infrastructure, and favorable government policies.