Piribo: Middle East Pharma Market Reaches GBP 8bn in 2005.LONDON -- Growth potential as market liberalises Piribo, (www.piribo.com) the online destination for business intelligence for the biotech and pharmaceutical industry, has now added a new report entitled "Major Pharmaceutical Markets of the Middle East: An overview of Egypt, Israel, Jordan, Lebanon, Saudi Arabia Saudi Arabia (sä  `dē ərā`bēə, sou`–, sô–), officially Kingdom of Saudi Arabia, kingdom (2005 est. pop. &
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The report shows how this six country market has grown to be worth more than $8 billon bil·lon n. 1. An alloy of gold or silver with a greater proportion of another metal, such as copper, used in making coins. 2. An alloy of silver with a high percentage of copper, used in making medals and tokens. . "The Middle East stands as a high-growth market, and has been estimated to have achieved an impressive 10.6% combined annual growth rate (CAGR CAGR See: Compound Annual Growth Rate ) between 1999 and 2003, around 4% more than the estimated world average and second only to Southeast Asia Southeast Asia, region of Asia (1990 est. pop. 442,500,000), c.1,740,000 sq mi (4,506,600 sq km), bounded roughly by the Indian subcontinent on the west, China on the north, and the Pacific Ocean on the east. and China", says the report. Although the Middle East is a promising region for the international pharmaceutical industry, the perceived instability of the region and the different way of conducting business can deter interested firms at first. Local agents are of utmost importance in navigating through the stringent registration and marketing requirements. However, Middle Eastern countries are increasingly adopting liberal policies that are leading to marked changes in the healthcare sector. The report provides the necessary background information for a firm to operate in the region. Through quality analysis and forecasts, this unique report will allow readers to identify market trends and growth potential opportunities. Country coverage includes: --Egypt, the largest pharmaceutical market of the region --Israel, home to the world's largest generic drug generic drug, a drug sold or prescribed under the nonproprietary name of its active ingredients or under a generally descriptive name rather than under a brand or trade name. company --Jordan, the leading Arab pharmaceutical exporter --Lebanon, an almost exclusive import market --Saudi Arabia, the largest market of the Gulf --The United Arab Emirates United Arab Emirates, federation of sheikhdoms (2005 est. pop. 2,563,000), c.30,000 sq mi (77,700 sq km), SE Arabia, on the Persian Gulf and the Gulf of Oman. , among the highest-priced markets in the region Major Pharmaceutical Markets of the Middle East is a comprehensive report providing extensive coverage of one of the strongest emerging markets. More detail about the report can be see at http://www.piribo.com/search/results.html?k=urc149 About Piribo. Piribo is a UK-based independent online store supplying business information on the pharmaceutical and biotechnology industries. The website now carries over 3,500 English language English language, member of the West Germanic group of the Germanic subfamily of the Indo-European family of languages (see Germanic languages). Spoken by about 470 million people throughout the world, English is the official language of about 45 nations. titles including, market reports, studies and books and is the UK's largest online biopharma information store. Subscribers receive a free monthly newsletter and email alerts on new titles in their areas of interest. The company was established in 2004. |
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