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Halal Pharmaceuticals Market size and forecast, 2016-2026

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

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Halal Pharmaceuticals Market size and forecast, 2016-2026

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  1. 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

  2. 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: hari.t@futuremarketinsights.com Social Media Research ©2015 Future Market Insights, All Rights Reserved 2

  3. 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

  4. 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

  5. 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

  6. 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

  7. 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

  8. 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

  9. To know more about us, please visit our website: www.futuremarketinsights.com For sales queries or new topics email us on: sales@futuremarketinsights.com For media queries, contact the press office at press@futuremarketinsights.com 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: hari.t@futuremarketinsights.com Future Market Insights Global & Consulting Private Limited (FMI) Thank You ©2015 Future Market Insights, All Rights Reserved 9

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