The upsurge of economic and industrial developments across the Middle East and North Africa has established the MENA region as a dynamic life sciences and healthcare market. As per reports, consistently growing affluence in the Gulf Cooperation Council (GCC) countries has led to many lifestyle changes resulting in steep rise in total healthcare expenditures. That suggest growing importance for healthcare that could in turn drive the region’s pharmaceutical sales. On the North African side, while Jordan has served as medical tourism destination for decades now, countries such as Morocco have enacted legislation in the past decade to attract foreign investment in the country.
The growing socio-economic advancement and increased access to disposable income will continue to lead to changes in the regions’ dietary and lifestyle habits, in turn increasing the frequency of lifestyle-related health concerns. This factor will solely drive investment in innovative drugs, state-of-the-art healthcare facilities, and latest medical technologies across the region. The MENA region’s pharmaceutical and healthcare markets are expected to be shaped by a range of opportunities in 2017. Despite recent economic discrepancies, a continual surge is expected in demand for quality healthcare products and compliant Regulatory services over the next few years.
In the light of predictions that the MENA region’s healthcare market is expected to emerge over the next decade and the Middle East seems to be a lucrative place for investment, it is also imperative for global life sciences and consumer healthcare companies to carefully understand the commercial and regulatory requirements to establish oneself in the region and position themselves as market leaders.
To meet growing needs of the companies who are willing to enter the MENA region at the right time, Freyr is happy to announce that it has established, Freyr DWC LLC in Dubai, its 5th Regional office / delivery hub after US, UK, Germany and India. Proposed to serve its significantly growing client base in the region, the new set up, Freyr DWC, LLC is a Regional Hub covering both the Middle East and African markets to cater localized regulatory strategies and services along with technology-driven solutions
With customized regulatory solutions and pertaining to drugs, cosmetics or medical devices market, right from how to go about with the registration program, notification processes or approval pathways, Freyr DWC LLC is what you might need by your side.