Multiple Sclerosis Drugs - United Arab Emirates

United Arab Emirates

Highlights

The Multiple Sclerosis Drugs market in the United Arab Emirates is anticipated to witness a significant growth in revenue, projected to amount to US$37.55m by the year 2024.
Furthermore, it is expected that the market will exhibit a steady annual growth rate of 2.30% between 2024 and 2029, ultimately resulting in a market volume of US$42.07m by 2029.
In terms of global comparison, United States is poised to generate the highest revenue in the Multiple Sclerosis Drugs market, reaching a staggering US$11.77bn in 2024.
The demand for innovative and effective Multiple Sclerosis drugs in the United Arab Emirates is rapidly increasing, driven by the rising prevalence of the disease and the government's focus on improving healthcare infrastructure.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Multiple Sclerosis Drugs market in United Arab Emirates has been growing steadily in recent years.

Customer preferences: Patients with multiple sclerosis in United Arab Emirates are increasingly seeking treatment options that are effective, affordable, and have minimal side effects. They are also looking for drugs that can help them manage their symptoms and improve their quality of life. As a result, there is a growing demand for drugs that are specifically designed to treat multiple sclerosis.

Trends in the market: One of the key trends in the Multiple Sclerosis Drugs market in United Arab Emirates is the increasing availability of drugs that are designed to treat the different types and stages of multiple sclerosis. There is also a growing trend towards the use of combination therapies, which can help patients manage their symptoms more effectively.Another trend in the market is the increasing use of biologics, which are drugs that are derived from living organisms. Biologics are becoming more popular because they are highly targeted and can be more effective than traditional drugs. They are also more expensive, which is driving up the overall cost of treatment.

Local special circumstances: One of the unique challenges in the Multiple Sclerosis Drugs market in United Arab Emirates is the high prevalence of vitamin D deficiency among the population. This is significant because vitamin D deficiency has been linked to an increased risk of developing multiple sclerosis. As a result, there is a growing awareness of the importance of vitamin D supplementation in the prevention and treatment of multiple sclerosis.

Underlying macroeconomic factors: The United Arab Emirates has a rapidly growing healthcare sector, which is being driven by a number of factors, including population growth, increasing life expectancy, and a growing prevalence of chronic diseases. This is creating a favorable environment for the growth of the Multiple Sclerosis Drugs market.Another factor that is driving the growth of the market is the increasing availability of healthcare insurance. As more people in United Arab Emirates are able to access healthcare services, the demand for drugs to treat multiple sclerosis is likely to increase. Additionally, the government has been investing heavily in the healthcare sector, which is creating new opportunities for drug manufacturers and distributors.

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on drug revenues allocated to the country where the money is spent. Monetary values are given at manufacturer price level excluding VAT.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market. As a basis for evaluating markets, we use financial information of the key players by market. Next, we use relevant key market indicators and data from country-specific associations, such as industry associations. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods. The main driver is healthcare expenditure. Expiring patents and new drugs in the pipeline are also considered.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level. This market comprises prescription drugs and all OTC drugs covered in the Statista OTC Pharmaceuticals market. However, in the OTC Pharmaceuticals market, revenues are based on end-consumer prices.