GCC Generic Drug Market to Grow at 10.04% During 2025-2033, Spurred by Rising Incidences of Lifestyle Disorders

December 11, 2024 | Healthcare

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According to the recent report by IMARC Group, titled “GCC Generic Drug Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033,” the GCC generic drug market size reached USD 6.4 Billion in 2024. Generic drugs refer to bioequivalents of brand-name drugs with respect to strength, quality, effectiveness, dosage form, safety, stability, impact, intended use and the route of administration. The active ingredients, intended use and clinical benefit of these generic variants are the exact same as the branded drugs but are available for sale at a cheaper price point. However, certain characteristics like color, shape and flavoring of the drugs may differ from the original since altering these characteristics does not affect the safety and effectiveness of the medicines. The rising awareness among individuals in the GCC region about the numerous benefits offered by these drugs is creating a positive outlook for the market.

GCC Generic Drug Market Trends:

The market in the GCC region is primarily driven by the rising prevalence of numerous chronic lifestyle diseases, such as obesity and diabetes, among the masses. This can be attributed to the sedentary lifestyles led by individuals and the shifting dietary patterns of the masses. This, coupled with the high prices of branded drugs and the rising awareness regarding the affordable prices of generic medicines in the region, has provided a thrust to the market growth. Moreover, the increasing geriatric population, which is more susceptible to develop medical ailments, across the region is acting as another major growth-inducing factor. The market is further driven by the rising number of initiatives undertaken by the governments of several GCC countries to promote the adoption of generic drugs among the masses. For instance, regulatory bodies in Abu Dhabi have now mandated the dispersal of generic drugs as a first choice across all pharmacies in an attempt to provide improved healthcare services to their citizens. Apart from this, the upcoming patent expiry of several blockbuster medicines is expected to positively drive the market growth further across the region. Looking forward, the market value is projected to reach USD 15.9 Billion by 2033, expanding at a CAGR of 10.04% during 2025-2033.

Market Summary:

On the geographical front, the market has been categorized into Saudi Arabia, the UAE, Kuwait, Qatar, Bahrain and Oman. Amongst these, Saudi Arabia enjoys the leading position in the market, accounting for the majority of the overall market share.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Report Scope:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Countries Covered	Saudi Arabia, United Arab Emirates (UAE), Kuwait, Oman, Qatar, Bahrain
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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GCC Generic Drug Market to Grow at 10.04% During 2025-2033, Spurred by Rising Incidences of Lifestyle Disorders

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