UAE's Neurology Clinical Trials market is projected to grow from $26.2 Mn in 2022 to $43.3 Mn by 2030, registering a CAGR of 6.5% during the forecast period of 2022-30. The market will be driven by the modern healthcare infrastructure and a favorable regulatory environment that encourages investment in clinical trials. The market is segmented by phase, by study design & by indication. Some of the major players include Novartis, Pfizer, and Biogen.
UAE's Neurology Clinical Trials market is projected to grow from $26.2 Mn in 2022 to $43.3 Mn by 2030, registering a CAGR of 6.5% during the forecast period of 2022-30. It is predicted that the number of dementia patients in the UAE will grow by 1,795% by 2050. According to recent research published in the Lancet Public Health, the UAE and other Gulf nations will witness the greatest rise in the number of individuals living with dementia over the next 30 years. Stroke affects 8,000 to 10,000 people in the UAE each year, or one per hour.
Clinical trials in neurology are undertaken in the UAE for a variety of neurological disorders, including multiple sclerosis, Parkinson's disease, and Alzheimer's disease. These studies are carried out with the goal of increasing patient treatment choices and furthering our understanding of the fundamental processes of neurological illnesses. The UAE is quickly expanding its clinical trial business, which includes neurology. Many reasons are contributing to this rise, including the country's strategic position, contemporary healthcare infrastructure, and a favorable regulatory framework that fosters clinical research investment.
Numerous worldwide pharmaceutical and biotechnology firms, including Novartis, Pfizer, Biogen, and Sanofi, are conducting neurology clinical studies in the UAE. Moreover, numerous local hospitals and research institutions, including the Cleveland Clinic Abu Dhabi and the Dubai Health Authority, are undertaking neurological clinical trials. In January 2023, Abu Dhabi established a clinical trials center to advance medical research and assist promote the city as a worldwide medical center In collaboration with the Mayo Clinic, the center at Sheikh Shakhbout Medical City will explore remedies for ailments after standard therapies and drugs have failed.
Market Growth Drivers
Over 400 clinical research studies are now underway in Abu Dhabi. Researchers may benefit from the UAE Genome Project, which strives to deliver preventative and personalised health care to the Emirati population, as well as the Malaffi system, which provides unified health services and patient information. The UAE has a contemporary healthcare infrastructure, a rising research community, and a regulatory framework that fosters investment in clinical research, all of which contribute to the rise of clinical trials. Moreover, the country's strategic position and huge patient population make it an appealing location for clinical trials.
Market Restraints
There are various barriers to the expansion of clinical trials in the UAE, including a dearth of competent healthcare professionals with clinical research competence, limited research funding, and the need for increased public knowledge and education about clinical trials. Moreover, regulatory and administrative constraints might be a problem, especially for international businesses conducting clinical trials in the UAE.
Key Players
1. Executive Summary
1.1 Disease Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Clinical Trials Regulation in Country
1.6 Recent Developments in the Country
2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)
3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints
4. Competitive Landscape
4.1 Major Market Share
4.2 Key Company Profile (Check all Companies in the Summary Section)
4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)
5. Reimbursement Scenario
5.1 Reimbursement Regulation
6. Methodology and Scope
By Phase (Revenue, USD Billion):
By Study Design Outlook (Revenue, USD Billion):
By Indication Outlook (Revenue, USD Billion):
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