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Saudi pharmaceutical market expected to rise
- Saudi Arabia: Tuesday, September 15 - 2009 at 10:35
The Saudi pharmaceutical market is expected to post a compound annual growth rate of 5.66% until 2013, according to a report by Business Monitor International. At consumer prices, BMI expects spending in this sector to increase from $2.65bn in 2008 to $3.49bn by 2013. However, strict price controls, alongside biased regulatory and intellectual property regimes designed to protect the local industry will have a negative impact on the market development, as will the need to contain costs in healthcare, the report noted.
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StaffTuesday, September 15 - 2009 at 10:35 UAE local time (GMT+4)
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