Saudi Arabia Pharmaceuticals Market Size & Insights

According to MarkNtel Advisors study The future of Saudi Arabia Pharmaceuticals Market 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.

What are the Key Driver in the Saudi Arabia Pharmaceuticals Market?

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.

What are the Key Segments in the Saudi Arabia Pharmaceuticals Market?

The Saudi Arabia Pharmaceuticals is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

• By Product Type
• Prescription Drugs- Market Size & Forecast 2020-2030, USD Million
• Over-the-counter Drugs- Market Size & Forecast 2020-2030, USD Million
• Biologics & Biosimilar- Market Size & Forecast 2020-2030, USD Million
• Monoclonal Antibodies- Market Size & Forecast 2020-2030, USD Million
• Hormones- Market Size & Forecast 2020-2030, USD Million
• Vaccines- Market Size & Forecast 2020-2030, USD Million
• By Distribution Channel
• Hospital Pharmacies- Market Size & Forecast 2020-2030, USD Million
• Retail Pharmacies- Market Size & Forecast 2020-2030, USD Million
• Online Pharmacies- Market Size & Forecast 2020-2030, USD Million
• By End User
• Hospitals and Clinics- Market Size & Forecast 2020-2030, USD Million
• Retail Consumers- Market Size & Forecast 2020-2030, USD Million
• Research & Academic Institutes- Market Size & Forecast 2020-2030, USD Million

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How does geographical analysis highlight in the Saudi Arabia Pharmaceuticals market?

• By Region
• North
• South
• East
• West
• Central

Who are the Key Players in Saudi Arabia Pharmaceuticals Market?

• Pfizer
• Sanofi
• Novartis
• SPIMACO
• Tabuk Pharmaceuticals
• Jamjoom Pharma
• Riyadh Pharma
• GlaxoSmithKline
• Hikma Pharmaceuticals
• AstraZeneca

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Saudi Arabia Pharmaceuticals Market News

2025: Sanofi is transferring its insulin manufacturing expertise to Saudi Arabia by partnering with Sudair Pharma Company (SPC) and NUPCO. The new facility will locally produce and package advanced SoloStar insulin pens, with a capacity of ~15 million pens annually, serving about 500,000 patients and covering approximately 70% of insulin users in the Kingdom.

2024: Tabuk Pharmaceuticals partnered with Biocon to commercialize GLP-1 treatments for diabetes in the Middle East, marking a strategic expansion into specialty medicines.

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·       Scope & Research Design – Clearly defined objectives with tailored qualitative and quantitative methods, backed by precise timelines and budgets.

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·       Forecasting & Finalization – Predictive modeling and time-series analysis anticipate future market behaviors, presented through insightful reports with charts, graphs, and strategic recommendations.

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Why This MarkNtel Advisors Research Report:

• In-depth Market Analysis: Understand trends and dynamics shaping growth.
• Segmented Insights: Target specific segments for focused strategies.
• Geographical Performance: Assess market opportunities by geographic area.
• Emerging Technologies: Discover advancements like AI integration.
• Risk Identification: Pinpoint challenges to inform strategic planning.
• Future Forecasts: Prepare for market changes with actionable projections.

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