UAE's cancer immunotherapy market is expected to witness growth from $563 Mn in 2022 to $1,049 Mn in 2030 with a CAGR of 8.1% for the forecasted year 2022-30. The increasing incidence of cancer in the UAE along with favorable government initiatives to promote the use of immunotherapy treatment in the UAE are responsible for the growth of the market. The UAE cancer immunotherapy market is segmented by type, application, and end user. Lamba, Neopharma, and Bayer are the major players in the UAE cancer immunotherapy market.
UAE's cancer immunotherapy market is expected to witness growth from $563 Mn in 2022 to $1,049 Mn in 2030 with a CAGR of 8.1% for the forecasted year 2022-30. The future holds growth for Dubai's healthcare industry. According to the Dubai Chamber of Commerce and Industry, revenue generated within the whole UAE healthcare sector is anticipated to increase by 7.5% annually to reach $10.7 Bn by 2025. Meanwhile, it is anticipated that healthcare spending will increase to 4.6% of GDP by 2026 and 5.1% of GDP by 2029. With increased government initiatives, the UAE healthcare business is expanding at an astounding rate. Additionally, the UAE government is significantly enhancing and extending its healthcare system in order to create a powerful, top-notch healthcare infrastructure. To improve the current infrastructure and match the caliber of services provided in other nations, the government is also promoting private sector participation.
WHO estimates that by 2030, there may be up to 961,098 more cancer cases than there were in 2012 (555,318). The high incidence of breast, lung, thyroid, cervical, and colorectal cancer in the UAE is a result of an unhealthy lifestyle and insufficient medical care.
Cancer immunotherapy is a new subject in the UAE that is attracting more and more interest from patients and medical professionals. Utilizing the body's natural immune system to combat cancer cells is how immunotherapy treatment functions. Immune checkpoint inhibitors, CAR T-cell therapy, and cancer vaccines are just a few of the cancer immunotherapy therapies offered in the UAE. To provide patients with the best results, these treatments are frequently applied in conjunction with conventional cancer therapies like chemotherapy or radiation therapy. The Abu Dhabi Stem Cell Center and the Dubai Biotechnology and Research Park are two examples of the UAE government's investments in cancer research and treatment. These programs give patients access to the most recent therapies and technologies while also advancing the field of cancer immunotherapy in the UAE.
Market Growth Drivers
Incidences of cancer have been rising in the UAE in recent years, and lifestyle choices including smoking, eating poorly, and not exercising have all contributed to the rise. The market for cancer immunotherapy treatments is significantly expanded as a result of the rising incidence of cancer. The government of the UAE has made significant investments in the growth of its healthcare infrastructure and services, contributing to the country's high level of healthcare spending. This investment is anticipated to aid in the UAE cancer immunotherapy market expansion. Through programs like the Dubai Future Accelerators program, which seeks to unite established and startup healthcare businesses to create fresh healthcare solutions, the UAE government has been promoting healthcare innovation. The development of novel cancer immunotherapy therapies is anticipated to be accelerated by this financing.
Market Restraints
Cancer immunotherapy medications are expensive, and some patients do not have insurance coverage. There is a shortage of qualified medical personnel who can provide immunotherapy. delays in the approval of drugs due to regulatory issues. Limited knowledge of the possible adverse effects and mechanisms of action of immunotherapeutic medicines. These factors limit the expansion of the UAE cancer immunotherapy market.
Key Players
April 2023- The Ministry of Health and Prevention in the UAE has approved the use of Merck Sharp and Dohme's (MSD) immunotherapy for a novel indication that will provide patients with triple-negative breast cancer (TNBC) hope. The introduction of this new medication will give patients with TNBC newfound optimism. Now, they can have this immunotherapy from both public and private facilities. In addition, he confirmed that when using the medicine instead of simply chemotherapy, the reoccurrence rate of TNBC was lower.
The "Thiqa" program, which is the country's national health insurance policy, covers cancer treatment in the UAE. All UAE citizens and foreign immigrants are given basic health insurance coverage through this scheme. Chemotherapy, radiation therapy, and surgery are all covered under the Thiqa program for cancer treatment. The type of cancer and the stage of the disease, however, can affect the scope of coverage. Patients may need to pay out-of-pocket for some treatments, like immunotherapy and targeted medicines, or look for coverage through private health insurance policies since some treatments might not be covered by the Thiqa program. The UAE government has put in place a fee-for-service reimbursement approach for healthcare providers. This implies that, as opposed to a capitation model that pays a fixed sum per patient, healthcare providers are paid according to the services they render. This paradigm may encourage healthcare providers to offer additional services, such as cancer treatments, but it may also increase patient healthcare expenses.
1. Executive Summary
1.1 Disease Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Patient Journey
1.6 Health Insurance Coverage in Country
1.7 Active Pharmaceutical Ingredient (API)
1.8 Recent Developments in the Country
2. Market Size and Forecasting
2.1 Epidemiology of Disease
2.2 Market Size (With Excel & Methodology)
2.3 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
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment
6. Methodology and Scope
By Type (Revenue, USD Billion):
By Application (Revenue, USD Billion):
By End User (Revenue, USD Billion):
Methodology for Database Creation
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How Do We Get It?
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1. Secondary Research
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2. Primary Research
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Combining Secondary and Primary Research
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Lamba, Neopharma, and Bayer are the major players in the UAE cancer immunotherapy market.
The UAE cancer immunotherapy market is expected to grow from $563 Mn in 2022 to $1,049 Mn in 2030 with a CAGR of 8.1% for the forecasted year 2022-2030.
The UAE cancer immunotherapy market is segmented by type, application, and end user.