Halal Pharmaceuticals Market Globally Expected to Drive
This presentation is the property of its rightful owner.
Sponsored Links
1 / 9

Halal Pharmaceuticals Market size and forecast, 2016-2026 PowerPoint PPT Presentation


Future Market Insights has announced the addition of the “ Halal Pharmaceuticals Market: Global Industry Analysis and Opportunity Assessment 2016-2026”report to their offering.

Download Presentation

Halal Pharmaceuticals Market size and forecast, 2016-2026

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript


Halal pharmaceuticals market size and forecast 2016 2026

Halal Pharmaceuticals Market Globally Expected to Drive

Growth through 2026

November 2016

Report Id : REP-GB-1251

Status : Ongoing

Category : Healthcare, Pharmaceuticals & Medical Devices

©2015 Future Market Insights, All Rights Reserved


Halal pharmaceuticals market size and forecast 2016 2026

About

Future Market Insights

Future Market Insights (FMI) is a premier provider of syndicated research reports, custom

research reports, and consulting services. We deliver a complete packaged solution, which

combines current market intelligence, statistical anecdotes, technology inputs, valuable growth

insights,aerial view of the competitive framework, and future market trends.

We provide research services at a global as well as regional level; key regions include GCC,

ASEAN, and BRIC.

Our offerings cover a broad spectrum of industries including Chemicals, Materials, Energy,

Technology,Healthcare, and Retail.

We have a global presence with delivery centers across India specializing in providing global

research reports and country research reports. FMI is headquartered out of London, U.K., with a

state-of-the-art delivery center located in Pune, India. We combine our knowledge and learning

from every corner of the world to distill it to one thing – the perfect solutionfor our client.

Research Capabilities

Sector Coverage

Customized Research

Syndicated Research

Investment Research

Social Media Research

Automotive and Transportation

Electronics, Semiconductor, and ICT

Retail and Consumer Products

Industrial Automation and Equipment

Chemicals & Materials

Food and Beverages

Services and Utilities

Energy, Mining, Oil, and Gas

Customized

Research

Subscription Information

Syndicated

Research

For detailed subscription information please contact

Hari. T (Sr. Manager - Global Business Development)

Investment

Research

T: +44 (0) 20 7692 8790 | D: +44 20 3287 4268

Email: [email protected]

Social Media

Research

©2015 Future Market Insights, All Rights Reserved

2


Halal pharmaceuticals market size and forecast 2016 2026

Research Methodology (1/2)

Systematic Research Approach

1

In-depth secondary research is used to

ascertain overall market size, top

industry players, top products, industry

associations, etc.

Research &

Intelligence

Data

Collection

Data Filter

& Analysis

Actionable

Insights

Business

Solution

Market profiling

2

PMR formulates a detailed discussion

guide to conduct expert and industry

interviews

Identifying key opinion leaders

Questionnaire design

In-depth interviews

Coverage across value chain

Formulating discussion guide

3

A

PMR develops a list of industry players

(manufacturers), distributors, retailers

and industry experts

Primary

Research

Key industry experts

Channel study

Developments

Market dynamics

Products

Conclusions

Developing list of respondents

B

4

PMR conducts interviews with industry

experts, industry players, distributors

and retailers

SOLUTION

Desk

Research

Data collection

Market participants

Key strengths

Product portfolio

Mapping as per value chain

Key focus segments

C

Company

Analysis

Data is validated by triangulation

method, wherein secondary, primary

and PMR analysis contribute to the final

data

5

Data validation

6

Data is scrutinized using MS-Excel to

obtain qualitative and quantitative

insights about the industry

Data analysis

Primary Research#

Secondary Research #

Paid Publications#

Linkedin

Zoominfo

Salesforce

Avention

Company websites

Company annual

reports

White papers

Financial reports

Factiva

GBI

Genios

Meltwater

7

PMR delivers industry insights and

information in the required format

(PDF)

Insights

# includes sources of databases

©2015 Future Market Insights, All Rights Reserved

3


Halal pharmaceuticals market size and forecast 2016 2026

Halal Pharmaceuticals Market

Halal Pharmaceuticals Market Globally Expected to Drive Growth through 2026

Halal pharmaceuticals are those medicines that stringently adhere to Shariah law. More specifically, halal

pharmaceuticals refer to medicines that should not contain any parts of animals (dogs, pigs and ones

particularly with pointed teeth), insects (bees), alcohol and other substances prohibited as ‘haram’ under

the Shariah law. Competent religious local regulatory bodies in countries generally provide a better

segregation regarding the classification of drugs as halal or ‘haram’ (unlawful) across the world. Halal

pharmaceuticals are subject to normal pre-marketing and post-marketing controls by the relevant

national pharmaceutical regulators such as the National Pharmaceutical Control Bureau in case of

Malaysia. Halal medicines market has vast potential globally in terms of revenue generation supported by

growing demand for faith-compliant medicines from an expanding Muslim population. Drugs approved

by halal drug certifiying agencies such as Lembaga Pengkajian Pangan Obatobatan dan Kosmetika Majelis

Ulama Indonesia (LPPOM MUI) of Indonesia and Jabatan Kemajuan Islam Malaysia are expected to

witness rising consumption globally. Currently, halal medicines are estimated to have contributed close to

one-third of the total revenue from the global halal market, posing an extremely attractive opportunity

for Shariah compliant drugs. This is supported by the fact that demand outstrips supply of halal

medicines by a significant margin, creating potential for future economic value added in the industry.

Halal Pharmaceuticals Market: Drivers and Restraints

©2015 Future Market Insights, All Rights Reserved

4


Halal pharmaceuticals market size and forecast 2016 2026

Halal Pharmaceuticals Market

Drivers of the halal pharmaceuticals market include a growing Muslim population. Given that Muslims

have been estimated to account for close to 25% of the global population in 2015—~1.6 billion people

(PewResearch) – the annual growth rate of the Muslim population has been estimated to be ~1.6%,

which is higher than the growth rate of the world population (1.1% per annum). Increasing awareness

among Muslims regarding wellness and medicines is propagating mainly through increased education.

This is another prime factor contributing to growth of the halal medicine market. Other socio-economic

factors driving the need and uptake of halal medicines include rising purchasing power parity, increasing

access to critical medicines in resource-constrained nations supported by public organizations such as

World Health Organization, safety of consumption, assurance of product efficacy and hygienic processing

among others. Increasing need to get medicines certified from an approved regulatory body is driving

regulatory convergence in the halal medicines market among countries such as Malaysia, Indonesia and

Brunei, Turkey, France and others.

Request Free Report Sample@ http://www.futuremarketinsights.com/reports/sample/rep-gb-1251

Key restraints include lack of adequate infrastructure in non-Islamic countries to avoid cross-

contamination between halal and non-halal production lines, and lack of sufficient halal advisory and

certification agencies to approve medical products. Other restraints include dearth of sufficient R&D for

halal medicines globally and omission of critical medicine classes such as vaccines and biologics as they

do not comply with Shariah norms. Ban on use of forbidden components such as porcine excipients also

limit the number of drugs that can be produced. Industry experts have noted that formation of a proper,

well-regulated and harmonized accreditation and halal management system could serve a long way in

raising demand for halal medicines.

©2015 Future Market Insights, All Rights Reserved

5


Halal pharmaceuticals market size and forecast 2016 2026

Halal Pharmaceuticals Market

Halal Pharmaceuticals Market: Segmentation

Halal pharmaceuticals market can be segmented as indicated below:

Segmentation by drug classes

Respiratory drugs

Cardiovascular drugs

Endocrine drugs

Pain medications

Click here to

Order a free sample

Allergies (cough &cold)

Others

Segmentation by product type

Tablets

Syrups

Capsules

©2015 Future Market Insights, All Rights Reserved

6


Halal pharmaceuticals market size and forecast 2016 2026

Halal Pharmaceuticals Market

Others

Segmentation by source material

Plant and plant derivatives

Animals (compliant under religious laws)

Synthetic and semi-synthetic sources

Recombinant DNA

Segmentation by regions

Request For TOC@ http://www.futuremarketinsights.com/toc/rep-gb-1251

Halal Pharmaceuticals Market: Overview

Uptake of Halal medicines is gaining major traction globally, primarily due to two reasons. Firstly, these

medicines are fully compliant with faith and so are readily acceptable under religious laws. Secondly,

these medicines are very well assessed for quality and certification before being released into the market

and are mostly made using herbal and synthetic materials. The market for halal pharmaceuticals is

expected to register a significant CAGR as well as annual growth rates over the forecast period.

©2015 Future Market Insights, All Rights Reserved

7


Halal pharmaceuticals market size and forecast 2016 2026

Halal Pharmaceuticals Market

Regulatory harmonization and regional regulatory convergence is expected to emerge as the key market trends

in the near future.

Halal Pharmaceuticals Market: Region-wise Outlook

On the basis of geographic regions, halal drug market is segmented into seven key regions: North America,

South America, Eastern Europe, Western Europe, Asia Pacific, Japan and Middle East & Africa.

In terms of geography, Asia Pacific region is the main region exhibiting development and uptake of halal

medicines, particularly in countries such as Malaysia, Indonesia and Brunei. However, R&D activities related to

halal medicines are gaining traction in the European and North American regions. Discussion on formation of

halal medicine certification agencies and guidelines are key features found in the traditionally pharmaceutically

developed markets. Companies producing halal medicines are expected to enter Saudi Arabia, Malaysia, Turkey,

Iran, Qatar, Russia, France, Libya, Algeria and Singapore as well as the UAE to cater to the high demand base for

better revenue generation, either through distributor route or via tie-ups with established players.

Halal Pharmaceuticals Market: Key Players

Some key accredited players in the halal medicine market include Chemical Company of Malaysia Berhad

(CCM Pharmaceuticals Sdn Bhd), Pharmaniaga Bhd, Simpor Pharma Sdn Bhd, EMBIL Pharmaceutical Co., Ltd,

Nutramedica Incorporated, etc. among others.

Browse Full Report@ http://www.futuremarketinsights.com/reports/halal-pharmaceuticals-market

©2015 Future Market Insights, All Rights Reserved

8


Halal pharmaceuticals market size and forecast 2016 2026

To know more about us, please visit our website:

www.futuremarketinsights.com

For sales queries or new topics email us on:

[email protected]

For media queries, contact the press office at

[email protected]

For other queries contact:

Hari. T (Sr. Manager - Global Business Development)

Future Market Insights: 3rd Floor,

207 Regent Street, London W1B 3HH

T: +44 20 7692 8790 | D: +44 20 3287 4268

Email: [email protected]

Future Market Insights Global & Consulting Private Limited (FMI)

Thank You

©2015 Future Market Insights, All Rights Reserved

9


  • Login