What is driving the Kuwait Pharmaceuticals Market? : Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Widespread prevalence of NCDs and chronic diseases, high per capita income of the people and increase in healthcare awareness in the country has driven the growth of pharmaceuticals market in Kuwait. The Kuwait Pharmaceuticals market is in the growing stage and has been primarily driven by government’s healthcare initiatives. Dependence on oil and gas industry and limited diversification into other sectors has significantly constrained the manufacturing activities in Kuwait. Domestic production of medicines in the country continued to be low and majority of the pharmaceuticals consumed were imported, including branded and generic drugs. Although the industry is closely monitored by the government, medicine prices in Kuwait continued to be high. Doctors and patients generally prefer patented and branded products, which has stretched the government funding system. Prevalence of chronic disorders like such as cardiovascular, diabetes, cancer and respiratory conditions was on a rise which gave a boost to the demand for pharmaceuticals market. The trend towards preventive healthcare witnessed a rise in line with an increase in healthcare awareness in this period, thus supporting expansion of the OTC segment and increasing demand for OTC medication and pseudo-pharmaceuticals such as vitamins and supplements, weight loss formulations, and smoking cessation aids. High public spending on healthcare and a free of cost provision of medical services for the locals have supported demand for pharmaceuticals in the country in this period. A number of government initiatives are also driving the pharmaceuticals market in Kuwait. Medical Permit to 12 companies to build pharmaceutical factories in collaboration with the Public Authority for Industry (PAI) in the country, doubling the budget for healthcare spending between 2010 and 2016, reaching close to KD 2 billion (USD 6.6 Billion) in 2016 and more than 20 large governmental healthcare projects in the pipeline worth KD 3.5 billion (USD 12 billion) in the country has driven the pharmaceutical sales. Analysts at Ken Research in their latest publication “Kuwait Pharmaceuticals Market Outlook to 2022- By Type of Drugs (Generic and Patented Drugs); By Channel of Distribution (Institutional Sales and Retail Sales) and By Therapeutic Class (Anti-Infective, Gastrointestinal, Cardiovascular, CNS, Respiratory, Musculoskeletal, Analgesics and Anti Inflammatory and Others)” believe that promoting local manufacturing in the country, reducing prices of pharmaceutical products, introducing better regulations to develop pharmaceutical market, increasing R&D spending and focusing on building product portfolio, expanding storage and distribution network and investing in marketing activities will aid the manufacturers of pharmaceuticals in Kuwait to grow and achieve higher profits. Key Segments Covered By Type of Drug Generic Drugs Patented Drugs By OTC and Prescription Drugs OTC Drugs Prescription Drugs By End Users Public Sector Private Sector By Channel of Distribution Institutional Sales Retail Sales By Therapeutic Class Anti-Infective Gastrointestinal Cardiovascular CNS Respiratory Musculoskeletal Analgesics and Anti Inflammatory Key Target Audience Pharmaceuticals Manufacturers Generic Drug Companies Pharmaceutical Distributors Hospital Chains Clinical Research Organizations Government Association and Regulatory Authority Private Equity and VC Fund Chronic Diseases in Kuwait Pharmaceuticals Sales Kuwait Trends Pharmaceuticals Kuwait Pharmaceuticals industry in Kuwait Inpatients Medicine Market Kuwait Institutional Sales Pharmaceuticals Kuwait Manufacturers of Pharmaceuticals Kuwait Pharmaceutical Sales Hospitals Kuwait Companies Covered: Pharmaceutical Companies: Pfizer, AstraZeneca, Abbvie, Novartis, GSK, Roche, MSD, Sanofi, Johnson & Johnson, Abbott, Julphar, Tabuk, Hikma Pharmaceuticals, Kuwait Saudi Pharmaceutical Industries Company (KSPICO), Al Mojil Drug Company, YIACO Medical Company, Bader Sultan And Brothers Company, Ali Abdulwahab Al Mutawa Commercial Company, Pharmazone and Al- Hajery For More Information on the Research Report, refer to below links: – https://www.kenresearch.com/healthcare/pharmaceuticals/kuwait-pharmaceuticals-market/173389-91.html Related Reports by Ken Research https://www.kenresearch.com/healthcare/pharmaceuticals/singapore-pharmaceutical-market/149668-91.html https://www.kenresearch.com/healthcare/pharmaceuticals/vietnam-pharmaceutical-market/143605-91.html https://www.kenresearch.com/healthcare/pharmaceuticals/indonesia-pharmaceutical-market/143542-91.html Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: Analgesics Market Kuwait, Anti Inflammatory Drugs Market Kuwait, Anti-Infective Drugs Industry Kuwait, Cardiovascular Drugs Revenue Kuwait, Challenges in Pharmaceuticals Market Kuwait, Chronic Diseases in Kuwait, CNS Drugs Sales Kuwait, Gastrointestinal Drugs Market Kuwait, Generic Drugs Market Kuwait, Inpatients Medicine Market Kuwait, Institutional Sales Pharmaceuticals Kuwait, Kuwait Pharmaceuticals Market Research Report, Manufacturers of Pharmaceuticals Kuwait, Musculoskeletal Drugs Market Kuwait, NCDs Pharma Market Kuwait, OTC Drugs Market Kuwait, Outpatients Drugs Market Kuwait, Patented Drugs Market Kuwait, Pharmaceutical Sales Hospitals Kuwait, Pharmaceuticals industry in Kuwait, Pharmaceuticals Market in Kuwait, Pharmaceuticals Sales Kuwait, Pharmacies Market Kuwait, Prescription Drugs Market Kuwait, Preventive Healthcare Medicine Market in Kuwait, Regulations in Pharmaceuticals Kuwait, Respiratory Pharmaceutical Market Kuwait, Retail Sales of Pharmaceuticals in Kuwait, Trends Pharmaceuticals Kuwait, Value Chain Pharmaceuticals Kuwait