GCC Oncology/Cancer Drugs Market Forecast 2028: Key Players and Emerging Trends

 

Future of GCC Oncology/Cancer Drugs Market: Key Dynamics, Size & Share Analysis

The GCC Oncology/Cancer Drugs Market is projected to grow at a considerable CAGR during the forecast period, i.e., 2023-28. This is due to the rising incidences of patients diagnosed with cancer in the nations like the UAE, Saudi Arabia, Kuwait, etc., and the surging initiative to reduce the number of deaths due to cancer. As per the World Health Organization, a total of around 21.4% of breast cancer cases were reported in 2020 in the UAE, whereas the same around 14.5% of colorectal cancer, and nearly 12.5% of prostate cancer were reported among men in the country.

Top Opportunity Impacting the GCC Oncology/Cancer Drugs Market Growth

The GCC nations have been witnessing a massive surge in several types of cancer cases including lung cancer, breast cancer, colorectal cancer, prostate cancer, etc. The prominent factor behind the increasing cases of lung cancer in the GCC nations remains the habit of tobacco smoking among the men population. The smoking prevalence has been subsequently leading to a large number of lung cancer cases mainly in Saudi Arabia, Bahrain, and Oman. For instance, in 2020, around 6% of males in Saudi Arabia were diagnosed with lung cancer, as per the World Health Organization. Thus, the growing prevalence of different types of cancers among the GCC population would facilitate the requirement for oncology/cancer drugs in the forthcoming period. 

Understanding the Core Segments in the GCC Oncology/Cancer Drugs Market

GCC Oncology/Cancer Drugs Market Size, Share & Industry Trends Analysis- y Therapy (Chemotherapy, Immunotherapy, Targeted Therapy, Hormonal Therapy, Others), By Application Breast Cancer, (Lung Cancer, Kidney Cancer, Liver cancer, Ovarian Cancer, Prostate Cancer, Skin Cancer, Pancreatic Cancer, Colorectal, Blood Cancer, Others.

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Geographical Analysis of the GCC Oncology/Cancer Drugs Market

  • Saudi Arabia
  • The UAE
  • Qatar
  • Kuwait
  • Bahrain
  • Oman

Among all the nations, the UAE is expected to be a hotspot for the demand for oncology/cancer drugs in the forecast years, owing to the massive surge in the cases of breast cancer among the female population of the country.

Who Dominates the GCC Oncology/Cancer Drugs Market Insights on Key Industry Players?

Companies are strengthening their presence in the consumer electronics 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.d

  • Hoffmann-La Roche Ltd.
  • Johnson & Johnson Middle East FZ LLC
  • Pfizer International Corporation
  • Merck Serono Middle East FZ-Ltd.
  • AbbVie Biopharmaceuticals GmbH
  • AstraZeneca Gulf FZ LLC
  • Bayer Middle East FZE
  • Amgen, Inc.
  • Astellas MENA/SSA
  • Others

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