Dubai Science Park, The Executive Council of Dubai Set Blueprint for UAE Healthcare Sector
- Dubai Science Park collaborates with The Executive Council of Dubai, Jebel Ali Free Zone Authority, Dubai South and Dubai Healthcare City Authority to identify, develop and promote opportunities in the pharma and medical equipment sector
- Nutraceuticals, blood plasma, 3D printing, super generics and next generation sequencing highlighted as representing unprecedented opportunities for Dubai’s healthcare sector
- Dubai’s industrial sector has seen “significant progress” this year following the implementation of the Dubai Industrial Strategy 2030 with a forecast sector growth of additional AED18 billion by 2030
- Nutraceuticals: There is an increasing desire for foods and ingredients that are naturally functional, and nutraceuticals have a ready market in the Middle East and Africa with sales estimated to reach US$15.1 billion by 2025, whilst products with a diabetes and metabolic disease focus are currently estimated at US$1 billion with an 8% CAGR.
- Blood Plasma: 75% of blood plasma products are manufactured in the US and Europe. With no production facilities in the region, the Middle East and Africa rely entirely on imports and run the risk of shortages in supply. Dubai is well-positioned to fulfil local demand and become the regional export hub with a market expected to grow by 10% year-on-year.
- 3D Printing: According to findings by Dubai Science Park, this sector represents a great opportunity for Dubai with segments covering 3D-printed teeth, bones, artificial organs, medical and surgical devices, and hearing aids. This sector is projected to reach US$453 million by 2025 with opportunities in attracting printing start-ups and established manufacturers.
- Super Generics: Contrary to generic drugs, which are clones of brand-name products, super generics differ in formulation or method of delivery. Polypills are an attractive opportunity to be developed in Dubai, helping positioning the city as an innovation hub with added value products with current estimated growth prospects of US$900 million in the region.
- Next-generation Sequencing (NGS): A pillar of personalised medicine that allows the design of treatments based on individual needs, NGS is a quick, extensive and cost-effective method of DNA analysis. NGS is a fast-growing market and is estimated to reach US$22 billion globally and US$400 million in the Middle East region by 2025.
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