There are number of pharma companies in the UAE and we have prepared a list of top trusted player in the paharmaceutical industries. The UAE is at the heart of the Gulf countries in Middle-east Asia. The country, especially the emirate of Dubai, is the hub of various types of industries in the world like travel, service, etc. The country makes up 2% of the global pharmaceutical industry – but is growing at a substantial rate of almost 10% every year. So, many global investors have proceeded to invest in this particular sector in Dubai.
As per the World Bank estimates, the population of the UAE will reach close to 11 million by 2030. In keeping with this growth, the UAE government has prepared a roadmap for the long-term growth of every industrial sector. The Abu Dhabi Vision 2030 and the Dubai Industrial Strategy 2030 are the outcomes of such roadmaps. And in all of these, the government has laid special emphasis on the pharmaceutical sector on account of its medium and long-term growth prospects and export potential.
One of the main features of this plan is to reduce the dependence on imports of pharmaceutical products. The main pharmaceutical exporters to the UAE are the USA, Switzerland, Germany, and Finland. The total value of pharmaceutical imports as of 2018 was close to Dh 15 billion. Thus, the UAE government is aiming to develop the indigenous manufacturing of pharmaceutical products. A study conducted by the IQVIA Pharmaceutical Market Insights Report has also corroborated this fact.
It’s not just the ever-growing domestic market of the UAE that attracts foreign investors. The country is placed strategically on the globe, with convenient access to most corners of the world through air and sea. The entire GCC (Gulf Co-operation Council) countries are all around the UAE, along with the African continent.
The UAE government has provided various sops to pharmaceutical manufacturers by creating free zones for them in the country. They have become hubs for pharma companies. Examples of such areas – Dubai Healthcare City, Jebel Ali Free Zone, Dubai Science Park, etc. Exports and re-exports of pharmaceutical products from the UAE are also on the rise (Dh 5 billion in 2018).
The government has also embraced the latest technology that has facilitated enhanced manufacturing quality. In the days to come, the pharma industry in the UAE is poised to grow steadily, based on the increased demand for improved healthcare among the burgeoning population – as newer lifestyle diseases continue to proliferate. As of 2018, more than 85% of the $3 billion pharmaceutical sales were of prescription drugs.
Some niche markets are also set to grow – like halal pharmaceuticals, mHealth, and developing orphan medicines. Some companies are eyeing these segments to create a separate market for themselves.
Here are the top 10 pharmaceutical companies in the UAE:
The late ruler of Ras Al Khaimah, His Highness Sheikh Saqr Bin Mohammed Al Qasimi, had helped to establish this company back in 1980. Ever since then, the company has achieved steady growth – fuelled by innovation, research, and responsiveness to customer needs. The core business of the company focuses on diabetes care, general medicines, and the consumer business division.
The company distributes its products across 5 continents. Their manufacturing facilities in Asia and Africa produce more than 1 million boxes of medicine per day.
Also check the top Oil & Gas companies in UAE.
Medpharma is a Sharjah-based pharmaceutical company, established in 1998. It is the 2nd Emirati and the 7th GCC-based manufacturer of pharmaceuticals. The company has world-class production facilities, with annual production capacities running into several hundred million units of every item that they manufacture. The company thrives on resourcefulness, research, and ethics.
The Dubai-based Pharmax is among the premier pharmaceutical manufacturers in the UAE. It received the EU GMP license in 2019 that provides it access to the large markets of the European Union. It is a high-quality manufacturer, producing pharmaceutical products in 1, 00,000 sq ft facility that conforms to the strict domestic and international regulatory guidelines.
Neopharma began its journey in 2003. It has 10 well built manufacturing facilities that is spread across 3 continents. Its aim is to provide global standard pharmaceutical products from the local facility, at affordable prices. Continuous research and development have been the driving force of the company. It is present in multiple segments like neurology, cardiology, gastroenterology, gynecology, and more. The company currently sends its products to more than 50 countries across Asia and Africa.
The Dubai-based Global Pharma began operations in 1998. In its 27,000 sq meter production facility, the company can manufacture 300 million tablets, 150 million capsules, and more than 7 million liters of syrup every year. In the days to come, Global Pharma is set for high growth by expanding into newer markets.
Al Hayat Pharmaceuticals
Al Hayat Pharmaceuticals started production in 1982. Today, it is counted among the leading pharmaceutical manufacturer based in the UAE. It has achieved substantial growth in the last 40-odd years and has consolidated its position in multiple nations, apart from the Gulf region. Helmed by expert management and supported by a dedicated team, the company is set to touch newer heights of success in the days to come.
MEDA Pharmaceuticals (a Mylan company)
This company is among the leading international pharmaceutical manufacturers. Its product portfolio covers more than 80% of all types of medicines sold. The key product areas where MEDA operates are respiratory, dermatology, and pain & inflammation-related drugs.
NewBridge Pharmaceuticals FZ LLC
The Dubai-headquartered NewBridge is a progressive company, seeking to bring the latest in pharmaceutical to the large market that it operates in. Experts in the industry have helmed and mentored the company through continuous innovation and research to reach its current top position. At present, the company is focusing on certain key areas – immunology, neuroscience, oncology, and metabolic and rare diseases.
PHAAX is a new entrant in the market, having started operations from 2014. But in this short span, it has carved a niche for itself as a respectable and reputable pharmaceutical organization of the UAE. This privately-owned company is among the foremost providers of skincare products, healthcare products, wound care products, and immunology solutions. The company has a strong presence in the Middle East and North Africa (MENA) region and is set to expand into other territories.
Synergy Pharma is a Dubai-based rapidly growing pharmaceutical company that was started in the year 2009. It is among the premier organizations serving the GCC & MENA areas. Aided by the latest manufacturing technologies and a highly-qualified employee team, the company’s growth has been fast and steady. Ethics, transparency, and concern for its customers are what drive the company towards its objectives.
List of Top 10 Pharmaceutical Companies in the UAE
|Sl. No.||Company||Establishment||Head office||Website|
|1||Julphar Pharmaceuticals||2007||Ras Al-Khaimah, UAE||http://www.julphar.net/en/|
|2||Medpharma||2014||Guildford, United Kingdom||http://www.medpharma.ae/|
|3||Pharmax||1959||New Jersey, United States||https://www.pharmax.ae/|
|4||Neopharma||2003||Abu Dhabi, UAE||https://neopharma.com/|
|5||Global Pharma||1995||Dubai, UAE||http://global-pharma.com/|
|6||Al Hayat Pharmaceuticals||1982||Sharjah, UAE||https://www.alhayatuae.com/|
|7||MEDA Pharmaceuticals (a Mylan company)||1995||Dubai, UAE||https://www.mylan.com/|
|8||NewBridge Pharmaceuticals FZ LLC||2007||Dubai, UAE||https://nbpharma.com/|
|10||Synergy Pharma||2007||New York, United States||https://synergypharma.ae/|