NewswireToday - /newswire/ - Noida, Uttar Pradesh, India, 08/23/2010 - The UAE pharmaceutical industry is anticipated to grow at a CAGR of around 17% during 2010-2013, says RNCOS in its latest research study.

According to our new research report “UAE Healthcare Sector Forecast to 2012”, the UAE pharmaceutical industry holds huge potential for future growth. Various factors such as rapidly escalating population, liberal trade policies and adaptation to international healthcare standards have been driving the pharmaceutical industry for the past few years.

We have done an extensive research and prudent analysis of the UAE pharmaceutical industry in order to understand the factors that will continue to serve as growth driver for the market over the forecasted period (2010-2013). We have identified that the country is highly dependent on imported drugs, thereby giving room to the private players to set up their own manufacturing capacities in the country. Therefore, the future of this industry remains pleasantly buoyant and it is expected that this industry will grow at a CAGR of around 17% during 2010-2013. The optimistic outlook for the industry is based on the fact that the burden of diseases has been increasing along with rising awareness about healthcare among people. Apart from the above mentioned factors, the market will benefit from huge domestic demand, increasing population and the simplification of regulation governing the industry as well as high standard of living.

Besides, our report includes an in-depth analysis of the UAE healthcare industry. Our study indicates that the UAE healthcare industry is at the initial stage of development. There is a high demand for hospitals services and healthcare professionals in the country. Further, the medical devices industry is expected to witness substantial growth in coming years owing to strong investment by both the private and public sectors in setting up hospitals and clinics, which will create a strong demand for medical equipments and supplies.

“UAE Healthcare Sector Forecast to 2012” provides comprehensive information and reliable statistics of the UAE healthcare industry. It covers major industries and segment-wise break up to give strategic insight into the market. The report has thoroughly examined current market trends; industrial developments and competitive landscape to enable clients understand the market structure and its progress in coming years.

Report/IM224

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RNCOS (rncos.com) specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.

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