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There are approximately 40 registered pharmaceutical companies in Saudi Arabia, with the top 10 companies holding a market share of over 50%. Here are the Top 10 Pharmaceutical companies in Saudi Arabia.
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SPIMACO
Saudi Pharmaceutical Industries & Medical Appliances Corporation (SPIMACO) is a big name in the Kingdom.
According to the IPO prospectus issued by JamJoom Pharma, SPIMACO has a 14.4% market share in the general medicine category, making it the largest pharmaceutical company in Saudi Arabia.
GlaxoSmithKline
GlaxoSmithKline Plc is an international company that imports and manufactures pharmaceutical products in the country. Its market share of 9.6% in the general medicine category makes it the second-largest pharmaceutical company in Saudi Arabia.
Tabuk Pharma
Tabuk Pharmaceuticals, which has emerged as a global pharmacy brand, tends to offer quality medicines. Its products are distributed globally through vast distribution channels.
It is a renowned medical brand in the Middle East and has a market share of 8.6% in the general medicine category.
Al Hikma Pharma
Al Hikma Pharmaceuticals Industries Co is another big name in the pharmaceutical industry. Many of their products are available off the shelf in almost all pharmacies around the Kingdom.
Al Hikma Pharmaceuticals Industries Co has a market share of 5.5% in the general medicine category.
Avalon Pharma
Avalon Pharma was recently listed on the Saudi stock exchange, becoming only the second pharmaceutical company available on TASI.
Avalon Pharma has a market share of 2.7% in the general medicine category, which makes it the 5th largest pharmaceutical company in Saudi Arabia.
However, as per the IPO prospectus published by Avalon Pharma, it has a market share of 8.9% in the dermatological category in Saudi Arabia.
Jamjoom Pharma
Jamjoom Pharma is one of Saudi Arabia’s fastest-growing pharmaceutical industries. Its operations are distributed all over the Middle East.
Jamjoom Pharma has a market share of 2.1% in the general medicine category and 5.4% in the dermatology category.
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