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Pharmaceutical Industry

 

KEY FACTS AND FIGURES:
 

  • Lebanon’s pharmaceutical market was estimated to be worth around USD 1.75 billion in 2016. The market is expected to grow at a CAGR of 6.2% through to 2020, reaching a value of USD 2.20 billion.
  • Pharmaceutical sales accounted for 3.22% of national GDP in 2016, the largest portion in the MENA region.
  • Patented drugs accounted for 61.6% of prescription sales and 49.5% of total sales in 2016.
  • Spending on generic drugs remains low at USD 539 million in 2016. However, it is expected to grow and at a CAGR of 8.2% from 2012 to 2020 to reach USD 734 million in 2020.
  • Spending on over-the-counter pharmaceuticals (OTCs) accounted for 19.6% of total market in 2016.
  • The pharmaceutical market currently comprises 164 importers, and around 11 manufacturing facilities.
  • Manufacturers mostly produce their own off-patent branded generics, but equally produce patented drugs under license for multinational companies; some have also manufactured their own innovative products.
  • Lebanon is a net pharmaceutical importer. In 2016, imports were estimated at USD 1.21 billion. The main import destinations are Germany (15.7%), USA (11.4%), France (10.7%), Switzerland (7.6%) and Italy (6.8%)
  • Export activity has been picking up recently, with pharmaceutical exports growing at a CAGR of 0.69% from 2013 till 2016, reaching USD 53.9 million in 2016. The leading export destinations of Lebanese pharmaceutical products are Arab Countries mainly UAE (18.7%0, Iraq (16.8%), and KSA (9.8%).
 

COMPETITIVE ADVANTAGES:

 

  • Talented Labor Force
    • Lebanon ranks 19th worldwide for the Quality of its Educational System, while it occupies the 6th place for the Quality of its Math and Science Education, ensuring a supply of a highly specialized labor pool for the pharmaceutical industries

    • More than 3,000 students graduate yearly in the fields of Biology, Chemistry, Pharmacy and Medicine and are recruited by local, regional and international pharmaceutical industries worldwide

  • Fast Growing Markets
  • The Middle Eastern region is expected to register one of the highest growth rates globally, backed by population growth and rising incomes
  • The local market which is still highly import dependent remains far from mature and presents opportunities for growth
  • Well-Developed Healthcare Services
    • Lebanon has one of the highest ratios of doctor to population in the world, hovering at 35 physicians per 10,000 individuals, in addition to the highest ratio of beds to population at 35 beds per 10,000.
    • The country’s well-developed healthcare system, in particular its private hospitalization facilities, has made the country a hub for healthcare services in the Middle East.
PHARMACEUTICAL INDUSTRY FACT BOOK 2016
Pharmaceutical Companies Directory
Health Sector OPERATIONAL LICENSES
Get in Touch
Lazarieh Tower, 4th Floor, Emir Bechir Street, Riad El-Solh Beirut, Lebanon, P.O.Box 113-7251
Phone
+961 1 983306 / 7 / 8
Fax
+961 1 983302 /3