UAE E-Pharmacy Market By Product Type (Prescription Medicines v/s Over-The-Counter Medicines), By Therapy Area (Vitamins, Cold & Flu, Dermatology, Weight Loss, Others), By Operating Platform (Apps v/s Websites), By Region, Competition Forecast & Opportunities, 2027
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Consumer Goods and Retail | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationUAE E-Pharmacy Market By Product Type (Prescription Medicines v/s Over-The-Counter Medicines), By Therapy Area (Vitamins, Cold & Flu, Dermatology, Weight Loss, Others), By Operating Platform (Apps v/s Websites), By Region, Competition Forecast & Opportunities, 2027
UAE e-pharmacy market is anticipated to register growth with an impressive CAGR in the forecast period, 2023-2027, on the account of increasing demands for the pharmaceutical products in the emergency situation. Increasing chronic diseases and demand for pharmaceuticals and therapeutics for the patients in case of prolonged treatment is further driving the growth of the UAE e-pharmacy market in the upcoming five years. Moreover, increasing online shopping behaviors of the consumers and recent COVID-19 pandemic further aided the growth of the UAE e-pharmacy market.
Expanding Pharmaceutical Industry Promises Market Growth
Pharmaceutical sector of the healthcare industry in the United Arab Emirates is expanding rapidly with the growing expanses in the healthcare industry by the government of the country. Increasing production and consumption of pharmaceuticals and therapeutics adds to the growing pharmaceutical industry. Moreover, the government imports large quantities of pharmaceuticals to satisfy the growing demands thereby driving the growth of the UAE e-pharmacy market in the upcoming five years.
Dubai alone accounts for 18% of the pharmaceutical imports in the country that valued at USD4 billion in 2021. Increasing penetration of market players from the countries like India would support the market growth as well as Dubai has the potential to be MENA region’s pharmaceutical hub. This would increase the volume of the product found at and value of the market in the subsequent years, thereby aiding the growth of the UAE e-pharmacy market in the upcoming five years.
Internet Penetration Supports Market Growth
Online shopping, in-home delivery, quick deliveries, availability of the services for the prescription drugs too would further aid the growth of the UAE e-pharmacy market in the next five years. Rising disposable income of the adult & young adult population has created enough scope for the market growth. The population is highly inclined toward online delivery services & e-commerce growth directly proportionate to the growth of the market.
Increasing penetration of smartphones, mobile phone based applications, increasing involvement of internet of things, along with simple user interactive apps for the consumers, and expansion of distribution channels through online portals substantiate the growth of the UAE e-pharmacy market in the future five years. As of March 2021, there were around 3.27 million internet subscriptions in the UAE. 93% of the population is a daily user of internet based services that aids the market growth.
COVID-19 Played Major Role Toward Market Growth
Strict lockdown regulations due to COVID-19 viral infection for the span of two years from 2020-2022 has considerably shifted the consumers to fulfill their pharmaceutical, therapeutic and other demands through online portals. Due to lack of physical retailers mostly for the over the counter drugs and related products, the consumers shifted toward online portals to stock up their medicinal demands. Chronic patients like diabetic patients, kidney patients, heart patients, require regular administration of drugs to maintain their conditions and control the symptoms thereby supporting the growth of the UAE e-pharmacy market in the forecast years through 2027.
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Market Segmentation
The UAE e-pharmacy market is segmented by product type, therapy area, operating platform, competitional landscape, and regional distribution.
Company Profile
Aster Pharmacy, Life Pharmacy UAE, BinSina Pharmacy, CHS Community Pharmacy, Medicina Group of Pharmacies, Soukare, 800 Pharmacy
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