Research and Markets(http://www.researchandmarkets.com/research/9c5fa7/middle_east_and_af) has announced the addition of the "Middle East and Africa Pharma Sector Forecast to 2012" report to their offering.
The Middle East and Africa pharmaceutical industry is entering a new era, with the development of infrastructure system and rapidly changing regulations. The industry is blessed with several advantages like high prevalence of diseases, huge population base and many more, reflecting bight prospects of growth in coming years. With these supportive factors, the pharmaceutical industry in the MEA region is expected to outperform the pharmaceutical industry of other regions in near future.
According to our new analytical research study "Middle East and Africa Pharma Sector Forecast to 2012", the pharmaceutical market in the region is expected to grow at a CAGR of around 11% during 2010-2012. Presently, the market is characterized by major changes in regulation policies of every country. Anticipating the future growth, many private key players are investing heavily in the industry to get a pie of the chunk.
Our report has found that the countries like South Africa, Saudi Arabia and Israel are currently dominating the pharmaceutical industry of the whole region. These countries have better position than others in terms of infrastructure and regulatory environment. We have also found that MEA pharmaceutical industry is based on import, with most of the drugs and therapeutics are procured from overseas countries and generics hold a majority share. The governments of respective countries are trying to increase their domestic production by investing heavily in the industry. Overall, the growth of the industry is expected to bolster in near future.