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GCC Generic Drug Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

The GCC generic drug market reached a value of US$ 3.17 Billion in 2018. Generic drugs are bioequivalent of branded medicines, which have similar dosages, risks, effects, side effects, strengths, intended use and route of administration. They also have identical active ingredients and are relatively less expensive than their branded counterparts, as they do not require extensive research or testing. Nonetheless, their color and shape may differ from the original drug as altering these characteristics does not impact the effectiveness of the medicine. At present, there is a rise in the demand for generic drugs in the GCC region, owing to the developing healthcare industry and the growing awareness about the cost benefits offered by these drugs.

GCC Generic Drugs Market Report

Owing to sedentary lifestyles, high per capita income and altering dietary patterns, there is a significant increase in the prevalence of lifestyle and chronic diseases, such as cancer, diabetes and obesity, in the GCC region. This represents one of the key factors impelling the generic drugs market growth in the region. Moreover, the growing geriatric population is also contributing to the increasing healthcare costs in the region. In line with this, governments of various countries in the GCC region, such as Oman and the United Arab Emirates (UAE), are encouraging the utilization of generic drugs, which is further bolstering the market growth. For instance, the Government of Oman recently introduced the Unified Health Insurance Policy (UHIP) that made health insurance mandatory for citizens and expatriates. It is catalyzing the demand for pharmaceuticals in the country which, in turn, is driving investments for generics manufacturing. Some of the other factors that are propelling the market growth include growing population, increasing penetration of health insurance companies, upcoming patent expiry of various blockbuster medicines and a strong influx of expatriates. On account of these factors, IMARC Group expects the market value to reach US$ 6.59 Billion by 2024, at a CAGR of 12.7% during the forecast period (2019-2024).

Regional Insights:

  • Saudi Arabia
  • United Arab Emirates (UAE)
  • Kuwait
  • Qatar
  • Bahrain
  • Oman

On the geographical front, Saudi Arabia represents the largest market for generic drugs in the GCC region. The large population in the country represents a key driving factor for the market. Moreover, the Government of Saudi Arabia is promoting joint ventures and sponsoring non-tariff barriers for pharmaceutical manufacturing in the country, which is further projected to accelerate the industry growth.

Competitive Landscape:

The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry.

Key Questions Answered in This Report:

  • How has the GCC generic drugs market performed so far and how will it perform in the coming years?
  • What are the key regional segments in the industry?
  • What are the price trends of generic drugs?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the industry and who are the key players?
  • What is the degree of competition in the GCC generic drugs industry?
  • What are the profit margins in the GCC generic drugs industry?
  • What are the key requirements for setting up a generic drugs manufacturing plant?
  • How are generic drugs manufactured?
  • What are the various unit operations involved in a generic drugs manufacturing plant?
  • What is the total size of land required for setting up a generic drugs manufacturing plant?
  • What are the machinery requirements for setting up a generic drugs manufacturing plant?
  • What are the raw material requirements for setting up a generic drugs manufacturing plant?
  • What are the packaging requirements for generic drugs?
  • What are the transportation requirements for generic drugs?
  • What are the utility requirements for setting up a generic drugs manufacturing plant?
  • What are the manpower requirements for setting up a generic drugs manufacturing plant?
  • What are the infrastructure costs for setting up a generic drugs manufacturing plant?
  • What are the capital costs for setting up a generic drugs manufacturing plant?
  • What are the operating costs for setting up a generic drugs manufacturing plant?
  • What will be the income and expenditures for a generic drugs manufacturing plant?
  • What is the time required to break-even?

1  Preface
2  Scope and Methodology

   2.1   Objectives of the study
   2.2   Stakeholders
   2.3   Data Sources
        2.3.1 Primary Sources
        2.3.2 Secondary Sources
   2.4    Market Estimation
        2.4.1 Bottom-Up Approach
        2.4.2 Top-Down Approach
   2.5   Forecasting Methodology
3  Executive Summary
4  Introduction

   4.1    Overview
   4.2    Key Industry Trends
5  Global Generic Drug Industry
   5.1    Market Overview
   5.2    Market Performance
   5.3    Market Breakup by Region
   5.4    Market Breakup by Drug Delivery
   5.5    Market Forecast
6  GCC Generic Drug Industry 
   6.1    Market Overview
   6.2    Market Performance
   6.3    Market Breakup by Region
   6.4    Market Forecast
   6.5   SWOT Analysis
        6.5.1    Overview
        6.5.2    Strengths
        6.5.3    Weaknesses
        6.5.4    Opportunities
        6.5.5    Threats 
   6.6    Value Chain Analysis
        6.6.1   Overview
        6.6.2   Research and Development
        6.6.3   Raw Material Procurement
        6.6.4   Manufacturing
        6.6.5   Marketing
        6.6.6   Distribution
    6.7   Porter’s Five Forces Analysis
        6.7.1    Overview
        6.7.2    Bargaining Power of Buyers
        6.7.3    Bargaining Power of Suppliers
        6.7.4    Degree of Competition
        6.7.5    Threat of New Entrants
        6.7.6    Threat of Substitutes
    6.8    Key Success and Risk Factors for Manufacturers
7   Performance of Key Regions
    7.1    Saudi Arabia 
        7.1.1     Market Performance
        7.1.2     Market Forecast
        7.1.3     Key Players
        7.1.4     Regulatory Process for Generics Drug Industry in Saudi Arabia
    7.2     UAE
        7.2.1    Market Performance
        7.2.2    Market Forecast
        7.2.3    Key Players
        7.2.4    Regulatory Process for Generics Drug Industry in UAE  
    7.3     Kuwait
        7.3.1    Market Performance
        7.3.2    Market Forecast
        7.3.3    Regulatory Process for Generics Drug Industry in Kuwait     
    7.4    Qatar
        7.4.1    Market Performance
        7.4.2    Market Forecast
        7.4.3    Regulatory Process for Generics Drug Industry in Qatar
    7.5   Bahrain
        7.5.1    Market Performance
        7.5.2    Market Forecast
        7.5.3    Regulatory Process for Generics Drug Industry in Bahrain
    7.6   Oman
        7.6.1    Market Performance
        7.6.2    Market Forecast
        7.6.3    Regulatory Process for Generics Drug Industry in Oman
8   Competitive Landscape
    8.1 Competitive Structure
    8.2 Market Share of Key Players
9   Generic Drug Manufacturing Process
    9.1 Product Overview
    9.2 Detailed Process Flow 
    9.3 Various Types of Unit Operations Involved
    9.4 Mass Balance and Raw Material Requirements
10  Project Details, Requirements and Costs Involved
    10.1 Land Requirements and Expenditures
    10.2 Construction Requirements and Expenditures
    10.3 Plant Machinery
    10.4 Machinery Pictures
    10.5 Raw Material Requirements and Expenditures
    10.6 Packaging Requirements and Expenditures
    10.7 Transportation Requirements and Expenditures
    10.8 Utility Requirements and Expenditures
    10.9 Manpower Requirements and Expenditures
    10.10 Other Capital Investments
11  Loans and Financial Assistance
12  Project Economics

    12.1 Capital Cost of the Project
    12.2 Techno-Economic Parameters
    12.3 Product Pricing and Margins across Various Levels of the Supply Chain
    12.4 Taxation and Depreciation
    12.5 Income Projections
    12.6 Expenditure Projections
    12.7 Financial Analysis
    12.8 Profit Analysis
13  Key Player Profiles


List of Figures

Figure 1: Global: Generic Drug Market: Key Market Drivers and Challenges
Figure 2: Global: Generic Drug Market: Sales Value Trends (in Billion US$), 2011-2018
Figure 3: Global: Generic Drug Market: Breakup by Region (in %), 2018
Figure 4: Global: Generic Drug Market Forecast: Sales Value Trends (in Billion US$), 2019-2024
Figure 5:  GCC: Generic Drug Market: Value Trends (in Million US$), 2011-2018
Figure 6: GCC: Generic Drug Market: Breakup by Region (in %), 2018
Figure 7: GCC: Generic Drug Market Forecast: Value Trends (in Million US$), 2019-2024
Figure 8: GCC: Generic Drug Industry: SWOT Analysis
Figure 9: GCC: Generic Drug Industry: Value Chain Analysis
Figure 10: GCC: Generic Drug Industry: Porter’s Five Forces Analysis
Figure 11: Saudi Arabia: Generic Drug Market: Sales Value Trends (in Million US$), 2011-2018
Figure 12: Saudi Arabia: Generic Drug Market Forecast: Sales Value Trends (in Million US$), 2019-2024
Figure 13: Saudi Arabia: Generic Drug Market: Breakup by Key Players (in %), 2018
Figure 14: UAE: Generic Drug Market: Sales Value Trends (in Million US$), 2011-2018
Figure 15: UAE: Generic Drug Market Forecast: Sales Value Trends (in Million US$), 2019-2024
Figure 16: UAE: Generic Drug Market: Breakup by Key Players (in %), 2018
Figure 17: Kuwait: Generic Drug Market: Sales Value Trends (in Million US$), 2011-2018
Figure 18: Kuwait: Generic Drug Market Forecast: Sales Value Trends (in Million US$), 2019-2024
Figure 19: Qatar: Generic Drug Market: Sales Value Trends (in Million US$), 2011-2018
Figure 20: Qatar: Generic Drug Market Forecast: Sales Value Trends (in Million US$), 2019-2024
Figure 21: Bahrain: Generic Drug Market: Sales Value Trends (in Million US$), 2011-2018
Figure 22: Bahrain: Generic Drug Market Forecast: Sales Value Trends (in Million US$), 2019-2024
Figure 23: Oman: Generic Drug Market: Sales Value Trends (in Million US$), 2011-2018
Figure 24: Oman: Generic Drug Market Forecast: Sales Value Trends (in Million US$), 2019-2024
Figure 25: Generic Drug Manufacturing: Detailed Process Flow
Figure 26: Generic Drug Manufacturing Process: Conversion Rate of Products
Figure 27: Generic Drug Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 28: Generic Drug Industry: Profit Margins at Various Levels of the Supply Chain
Figure 29: Generic Drug Production: Manufacturing Cost Breakup (in %)
Figure 30: Generic Drug Production: Price Structure Analysis 


List of Tables

Table 1: Global: Generic Drug Market: Key Industry Highlights, 2018 and 2024
Table 2: GCC: Generic Drug Market: Key Industry Highlights, 2018 and 2024
Table 3: GCC: Generic Drug Market Forecast: Breakup by Region (in Million US$), 2019-2024
Table 4: Generic Drug Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 5: Generic Drug Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 6: Generic Drug Manufacturing Plant: Costs Related to Machinery (in US$)
Table 7: Generic Drug Manufacturing Plant: Raw Material Requirements
Table 8: Generic Drug Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 9: Generic Drug Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 10: Details of Financial Assistance Offered by Financial Institutions
Table 11: Generic Drug Manufacturing Plant: Capital Costs (in US$)
Table 12: Generic Drug Manufacturing Plant: Techno-Economic Parameters
Table 13: Generic Drug Manufacturing Plant: Taxation and Depreciation
Table 14: Generic Drug Manufacturing Plant: Income Projections (in US$)
Table 15: Generic Drug Manufacturing Plant: Expenditure Projections (in US$)
Table 16: Generic Drug Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability
Table 17: Generic Drug Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability
Table 18: Generic Drug Manufacturing Plant: Profit and Loss Account

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