International Pharma Exhibition Saudi 2019, better known as INPHEX Saudi 2019, is scheduled to be held from 24th to 26th February in 2019. This is the most significant industry-specific exhibition that covers all the vital segments of the pharma industry in Saudi Arabia. It is the first-of-its-kind event across the Middle East.
2. SAUDI ARABIA
PHARMACEUTICALS
MARKET
The Saudi Arabia Pharmaceuticals
market estimated to be valued USD
5,748 Million in 2017
and poised to grow at CAGR 6.7%. The
market for Saudi Arabia
Pharmaceuticals projected to
reach US$ 8,465 Mn by 2023.
The Kingdom of Saudi Arabia accounts
for 59.4 percent of the purchases of
pharmaceuticals
products in the Gulf region and will
remain a key market for many leading
multinational
pharmaceutical companies in the
Middle East.
3. LOCAL
MANUFACTURERS
There are currently 27 pharmaceutical
manufacturers operating across the
Kingdom accounting for around 18% of
the market's value.
local production has recently picked
up momentum increasing from 14% to
18% of the total market value.
Kingdom relies substantially on imports
of pharmaceutical
products, primarily from Europe, to
meet local demand as a result of
insufficient domestic drug
production and lack of indigenous
research capabilities.
4. KSA GOVT
COMMITMENT
Government is taking efforts to
promote FDI in the pharmaceutical
sector
especially directed to help the
development of skills of local
companies to manufacture
patented medicines as well.
Increased penetration of the
healthcare sector by insurance
providers, price regulation
guidelines to ensure uniformity in
pricing and dedicated healthcare
reforms, have further
ensured the growth of the
pharmaceutical market in recent years.
5. A B O O M I N G M A R K E T
N E E D S A W A Y T O B U I L D
N E W P A R T N E R S H I P S
A N D C O N N E C T I O N T O
S T A Y U P T O D A T E O N
M A R K E T I N G T R E N D S
6. C O N N E C T W I T H 2 0 0 +
E X H I B I T I N G C O M P A N I E S
7. 8 SECTORS OF PHARMA
INDUSTRIES
PARTICIPATING
Finished Dosage Formulation
API
Pharma Machinery
Laboratory Equipments
Packaging Equipments
Medical Devices
Contract Manufactures
Consultants
8. C O N F R E N C E S
Insights on Pharma
Industries in Saudi
Arabia through
reputed speakers