Our Membership SolutionsZawya Islamic Premium Combines Islamic finance, financial intelligence, information on the project opportunities in one package Zawya Islamic Get access to Global Shariah compliant investments, news, research, standards, laws, fatwas and documentation as well as MENA investments Zawya Premium Get a 360° view of MENA Markets & Opportunities Zawya Projects See Tomorrow’s Projects Opportunities Today Zawya Markets Gateway to Middle East Investment Opportunities Zawya Business Development Generate Better Leads & More Sales Start your journey on Zawya!Get Over 40 Email Bulletins on MENA Countries & Sectors.Track the Latest News, Research or Analysis with My Zawya.Access Time-Saving Tools & Productivity Enhancing Services.Share Your Opinions & Forge Valuable Relationships. Our Customised SolutionsFor bespoke intelligence built around your business, visit Zawya Customised Solutions. Or Sign In WithFacebookGoogleLinkedIn× Back to Sign-In FormIf you have forgotten your login details, please re-confirm your email address below and your username and password will be sent to this email shortly.Your email address Submit Need more help?Request SupportCustomer Support support@zawya. What's Hot:Iran nuclear dealGreen & SustainableDubai Expo 2020 Syrian War in FocusEvolution in EgyptIn FocusBusinessPulse offers SMEs transparent information and support to help turn a business idea into reality. A micro-site focused on currency trading that will empower you to become a successful trader. Pharmaceutical market of KSA estimated at SAR13. Google PlusFacebookTwitterLinkedInEmail A FriendPrint This Page Save as PDFAdd to Reading List By SHARIF M. The volume of pharmaceutical market in the Kingdom is estimated at nearly SR13.5 billion, including government procurement deals, local media said quoting experts. Share of the private sector in the market is touching SR7 billion, the experts said. Meanwhile, head of marketing at Nahdi Medical Company Husam Al-Qurashi said the number of individually-owned pharmacies in the Kingdom reaches 7,000 pharmacies but, however, there is scarcity in young Saudis working in local market and that 60 percent of graduates from pharmacy colleges are women. He said local drugs factories have succeeded in producing alternative drugs for treatment of chronic diseases, carrying same specifications and high quality pharmaceutical standards of the origin countries but at lower prices. The per capita consumption of medicines in the GCC and Arab countries stands at $52 and $3.2 per year, respectively. Share of Arab and GCC countries to the global consumption is estimated at 1.5 percent, the report said. The pharmaceutical industries in the GCC countries are poised to achieve a compounded average growth rate (CAGR) of 7 percent to hit $10.8 billion (SR40.5 billion) by 2020, according to a report released by Alpen Capital. This projected growth in pharmaceutical industries is attributed to a number of factors, including rising in life expectancy, increased awareness in health care, high occurrence of diseases emerging from new lifestyle, and compulsory medical insurance for employees, the report added. © Copyright Zawya. All Rights Reserved. Post Your CommentYour first name Your last name Email address Express your views or tell us more about this article By ticking this you confirm that you've read our comments policy. Post It Sending ... The private sector in Oman is involved in nurturing SMEs and it is here that the role of Zubair Corporation's Small... With a presidential election around the corner, are Egypt's leaders willing make the hard choices necessary to end the power... 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