UAE IVF Drugs and Food Supplements Market Size To Grow USD 36 Billion By 2030 | CAGR of 6.8%

UAE IVF Drugs and Food Supplements Market Size To Worth $36 Billion By 2030

According to a research report published by Spherical Insights & Consulting, the UAE IVF drugs and Food Supplements Market size to grow from USD 20 billion in 2021 to USD 36 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 6.8% during the forecast period.  The UAE IVF drugs and food supplements market has grown due to increasing demand for healthcare expenditure and rising research and development. In addition, government bodies are also giving approvals.

Browse key industry insights spread across 197  pages with 80  market data tables and figures & charts from the report ”UAE IVF Drugs and Food Supplements Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Drugs [ Clomiphene, Injectable Hormones ( Human chorionic gonadotropin (Hcg), Follicle- Stimulating hormone ( FSH), Human menopausal gonadotropin ( HMG), Gonadotropin Releasing Hormone ( GnRH), GnRH agonist, and GonGnRH antagonist), and Food Supplements), By Distribution Channel (Hospital pharmacies, Retail Pharmacies, and Online Pharmacies), and By Region, Analysis and Forecast 2021 – 2030.“ in detail along with the table of contents. https://www.sphericalinsights.com/reports/uae-ivf-drugs-and-food-supplements-market

COVID-19 IMPACT & ANALYSIS

The COVID-19 pandemic has made an adverse impact on credit portfolios. There has been an unprecedented rise in unemployment and disruption in economic activity, putting a strain on the solvency of customers and companies. Central banks have taken a proactive approach by injecting liquidity into the market by lowering interest rates and asset purchase programs. Managing and monitoring credit, market, liquidity, and operational risk across financial markets were hard enough with ongoing geopolitical tensions, international trade wars, and the occasional hurricanes and earthquakes. The current pandemic situation has forced chief risk officers and their teams to recalibrate old assumptions and models used to manage and monitor risk. COVID-19’s global impact has shown that interconnectedness plays an important role in international cooperation. As a result, many governments started rushing toward identifying, evaluating, and procuring reliable solutions powered by AI.

The food supplements segment to hold a higher CAGR during the forecast period

Based on the product type, the UAE IVF drugs and food supplements market is categorized into Drugs [Clomiphene, Injectable Hormones (Human chorionic gonadotropin (Hcg), Follicle- Stimulating hormone (FSH), Human menopausal gonadotropin (HMG), Gonadotropin Releasing Hormone  (GnRH), GnRH agonist, and GonGnRH antagonist), and Food Supplements. The food supplements segment to hold a higher CAGR during the forecast period. The main thing driving up the demand for the food supplements industry is that people are becoming more aware of how important it is to live a healthy life. The rising demand for food supplements is the main thing that is increasing the market's growth, and this will continue to be a problem over the forecast period.

The online pharmacies segment to hold a higher CAGR during the forecast period

Based on the distribution channel, the UAE IVF drugs and food supplements market is categorized into Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies. The online pharmacies segment to hold a higher CAGR during the forecast period. IVF drugs and food supplements are selling more online in the country because of several factors. More people are using the internet, products are available for 24 hours a day or seven days a week, and there are a lot of products to choose from.

Abu Dhabi to hold a higher CAGR during the forecast period.

The UAE IVF drugs and food supplements market has been segmented into eight major regions: Abu Dhabi, Ajman, Al Ain, Dubai, Fujairah, Ras Al Khaimah (RAK), Sharjah, Umm Al Quwain (UAQ). Dubai is estimated to account for the highest market share in 2022. This is due to the increased tourism and high availability of infertility treatment centres which attract international people.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major UAE IVF drugs and food supplements market vendors include Shinelife, Adorefem, LG Chem, Adorshea, Biofield Pharma, Medibyte, Mestra Pharma, and Dr. D Pharma, Abbott, Zydus, Takeda Pharmaceutical Company Limited, Merck KgaA, Ferring B.V.

Some of the Key Developments:

• In April 2022, Ovaterra by Fertility Nutraceuticals, a company that focuses on reproductive health, came out with two new prenatal vitamin supplements. They are prenatal capsules that have the full amount of choline that nursing mothers and pregnant women need each day. They come in single doses so that you can take them with you wherever you go.

• In February 2022, Merck KGaA's health care division, EMD Serono, began selling birth control pills in Slim Packs. This new packaging was made to be easier to use and less harmful to the environment. This will lead to big improvements in portability, effectiveness, and ease of use. 

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities
• Consulting And Research Firm
• Venture capitalists
• Third-party knowledge providers
• Value-Added Resellers (VARs)

Market Segment

This study forecasts , regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the UAE IVF drugs and food supplements market based on the below-mentioned segments:

UAE IVF Drugs and Food Supplements Market, By Product Type

• Drugs [ Clomiphene, Injectable Hormones ( Human chorionic gonadotropin (Hcg), Follicle- Stimulating hormone ( FSH), Human menopausal gonadotropin ( HMG), Gonadotropin Releasing Hormone  ( GnRH), GnRH agonist, and GonGnRH antagonist)
•  Food Supplements

UAE IVF Drugs and Food Supplements Market, By Distribution Channel

• Hospital pharmacies
• Retail Pharmacies
• Online Pharmacies

Key Points 

• Drivers- Rise in healthcare infrastucture
• Restraint- Lack of awareness
• Opportunities- Rise in government initiatives
• Challenges- High Cost

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