Saudi Arabia Pharmaceuticals Market Scope & Volume Analysis with Executive Summary 2030

Future Saudi Arabia Pharmaceuticals Market: Key Dynamics, Size & Share Analysis

The Saudi Arabia Pharmaceuticals Market size was valued at around USD 12.37 billion in 2025 and is projected to reach USD 18.12 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 7.93% during the forecast period, i.e., 2025-30.

Top Driver Impacting the Saudi Arabia Pharmaceuticals Market Growth

Increasing Government Support to Expand Manufacturing Units – The market growth is driven by the growing efforts by the Saudi government to expand the local pharmaceutical manufacturing facilities in the country by drafting various policies, such as Vision 2030. For instance, in 2023, Saudi Arabia's sovereign wealth fund launched a contract development and manufacturing organization (CDMO) called Lifera, which aims to focus on the development of essential pharmaceutical products like vaccines, insulins, antibodies, etc. Recently, Saudi Arabia launched its first oncology pharmaceutical plant in Sudair city to increase local production and reduce import dependence. Consequently, more than 55 pharmaceutical factories are approved by the Saudi Food & Drug Authority (SFDA).

Moreover, the Saudi government aims to localize the production of about 70% of the essential medicines in the country by the end of 2030. These kinds of programs are heavily invested in by the government. For instance, in 2024, the national government allocated about USD5 billion in R&D, including drug discovery, thus driving the market growth.

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Understanding the Core Segments in the Saudi Arabia Pharmaceuticals Market

Saudi Arabia Pharmaceuticals Market Size, Share & Industry Trends Analysis - By Product Type (Prescription Drugs, Over-the-counter Drugs, Biologics & Biosimilar [Monoclonal Antibodies, Hormones, Vaccines]), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies), By End User (Hospitals and Clinics, Retail Consumers, Research & Academic Institutes), and others

Geographical Analysis of the Saudi Arabia Pharmaceuticals Market

-By Region

Dubai
Abu Dhabi & Al Ain
Sharjah & Northern Emirates

Who Dominates the Saudi Arabia Pharmaceuticals Market Insights on Key Industry Players?

Companies are strengthening their presence in the Saudi Arabia Pharmaceuticals market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services

Pfizer
Julphar (Gulf Pharmaceutical Industries)
Roche Pharmaceutical Middle East FZCO
Lifepharma FZE
Al Hayat Pharmaceuticals
Modern Pharmaceutical Company LLC
Neopharma
Globalpharma Co. (L.L.C.)
Hikma Pharmaceuticals
AstraZeneca UAE
Others

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MarkNtel Advisors is a distinguished Industry Research Report Firm and Market Research Company offering comprehensive intelligence across the healthcare sector, covering pharmaceuticals, medical devices, healthcare IT, and biotechnology. Our team delivers high-precision Market Research Reports and Business Analysis at global, regional, and country levels to help organizations understand market access strategies, innovation trends, and regulatory frameworks. Using robust data methodologies and validated Market Forecast models, we provide insights that enhance decision-making and operational agility. Our expertise extends to Customized Market Research Reports that measure therapeutic performance, digital transformation, and patient-centric solutions. Through strategic Consulting Services, MarkNtel Advisors empowers healthcare companies, investors, and policymakers to quantify Revenue Impact, strengthen competitiveness, and accelerate sustainable growth within the dynamic global healthcare landscape.