Saudi Arabia Pharmaceuticals Market Size & Insights
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. The Saudi Arabian Pharmaceuticals Industry is significantly growing due to several growth factors, including the growing efforts by the country’s government through heavy investments by introducing various policies such as the Made in Saudi Arabia Initiative, the Saudi Industrial Development Fund, and many more.
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).
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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
Over-the-counter Drugs
Biologics & Biosimilar
Monoclonal Antibodies
Hormones
Vaccines
Among these, the prescription drugs hold the largest market share of about 60%.
By Distribution Channel
Hospital Pharmacies
Retail Pharmacies
Online Pharmacies
Out of these, the hospital pharmacies are the most preferred distribution channel in this market, accounting for more than 42% of the market share.
By End User
Hospitals and Clinics
Retail Consumers
Research & Academic Institutes
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.
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