Noida, India (PressExposure) October 23, 2009 -- Continuous shifting focus of global pharma majors towards emerging markets has boosted growth in the pharma market of Middle East and African countries. Growth in pharma market of these countries is also supported by increasing prevalence of chronic and lifestyle diseases. According to our new research study âMiddle East and Africa Pharma Sector Forecast to 2012â, pharma market in the Middle East and African countries is forecasted to grow at a CAGR of more than 8% during 2010-2012.
The report features extensive study of pharma market in the Middle East and African countries and has identified that South Africa is the largest market for pharmaceuticals in this region. It also analyzes various factors that are pushing growth in the MEA pharma market.
We have also studied several different segments of pharma market in this region and found that at present, generics is growing faster than branded drugs and in future, this trend is also expected to continue. Besides, the report gives information about import market of drugs, as most of the countries in the region meet their demand by importing drugs. The report analyses each countryâs market separately on the basis of previous and current trends undergoing in the respective country.
We believe that regulatory environment plays an important role in the growth of pharma market and our report contains a detailed description of drug regulatory environment in these countries. The report analyses certain emerging market trends, which are growing in line with the growth of pharma market in this region. Moreover, it describes certain restraints which are suppressing growth in the industry.
âMiddle East and Africa Pharma Sector Forecast to 2012â contains vital information of key competitors in the market along with their business operations and hierarchical structure. This information will give our client an additional edge over other competitors in the market. Overall, our research study provides valuable information to clients looking to venture into these markets and helps them to devise strategies while going for an investment/partnership.
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