The pharmaceutical companies in Oman are responsible for the research, development, production, and distribution of medicines.
Due to the different genetic makeup of different individuals, innovation is becoming increasingly complex.
This influences industries that offer complementary products and services to collaborate in the development of new products.
In addition, key market players are investing in consumer healthcare products as consumer health awareness has increased and the self-medication trend is set to emerge.
These trends encourage key market players to enter the OTC market and capitalize on its brand equity among physicians, pharmacists, and consumers.
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Overview of the pharmaceutical companies in Oman
The rising prevalence of chronic diseases such as diabetes, cancer, cardiovascular disease, chronic kidney disease, and others is expected to drive the growth of the Omani pharmaceutical industry market over the forecast period.
For example, according to the World Health Organization 2018 report, coronary artery disease deaths in 2018 in Oman reached 2,904 or 28.23% of all deaths.
The retired mortality rate is 179.48 per 100,000 inhabitants, which occupies the classification of Oman at the 45th position in the world in the population of patients with coronary disease.
Restriction
The lack of a national health insurance system in Oman is expected to hamper the growth of the Oman pharmaceutical industry market.
The lack of a national health insurance system in Oman makes the public health system expenditure dependent on the government, which maintains dependence on government regulations and puts pressure on the state budget and is expected to hamper the market growth.
Major Players in the pharmaceutical industry
The Major players in the Omani pharmaceutical market include Pfizer, Inc., Bristol Myers Squibb, Sanofi SA, F.Hoffmann, La Roche AG, Bayer AG, Novartis International AG, Merck and Co., Inc., AbbVie, GlaxoSmithKline plc, Eli Lilly and Company, Zydus Cadila, Aurobindo Pharma Ltd., Cipla Ltd., Dr.Reddy’s Laboratories Ltd., Lupin Ltd., Sun Pharmaceutical Industries Limited, Serum Institute, Biocon Limited, Strides Pharma Science Limited, and Unichem Laboratories
Pharmaceutical Companies in Oman
Here’s a list of some of the pharmaceutical companies operating in Oman:
Aflag Pharmacy
Website: Visit
Address: P.O BOX 878, MINA AL FAHAL 116, SULTANATE OF OMAN
Phone: +968 2456 1883
Email: aflagpharmacy@aflaggroup.com
AL WAJER PHARMACEUTICALS INDUSTRY LLC
Address: Near Aston Main Showroom, Sultan Qaboos Highway Muscat Oman
Phone: +968-22372672
Website: Visit
Sales: $11.31 million
Year Started: 2016
Incorporated: 2012
BAHWAN HEALTH CARE CENTER
Address: Bahwan Healthcare Centre, Building No 10/1, Block 205 Al Rawaq Building Muscat, 113 Oman
Phone: +968-4650750
Sales: $9.63 million
Year Started: 1979
Incorporated: 2008
Balsm Pharmacy
Website: Visit
Address: P.O BOX 878, MINA AL FAHAL 116, SULTANATE OF OMAN
Phone: +968 2456 1883
Email: aflagpharmacy@aflaggroup.com
Biotech House
Website: Visit
Email: info@biotechouse.com
Address: Ofc 301, Al Khuwair St, Muscat, Oman
Phone: +968 9429 4248
Capital Pharmacy
Website: Visit
Phone: +968 24 602737
Email: info@alhasharpharmacy.com
Address: JH52+RQQ, Muscat, Oman Danat A’ Zaman Co. L.L.C
Website: Visit
Phone: +968 24451707 / 708
Email: info@danat-azaman.com
Address: Building No. 3043, Way No. 7720 Al Maabela, Seeb, Oman
Dawakum LLC
Website: Visit
Address: Rusayl industrial estate, Muscat, Oman
Phone: +968 24 442299
Email: admin@dawakum.com
Element Materials Technology ME Limited LLC
Website: Visit
Email: Peter.ogden@powerscourt-group.com
Address: Oman Oil Building, Al Jami Al Akbar St, Muscat 869, Oman
Phone: +968 9923 9772
Global Source Trading (Global Group Oman)
Website: Visit
P.O: Box: 387, PC: 117
Address: Building No.1710, Way No.2728 Al Munther Building, CBD Area, Ruwi, Muscat, Sultanate of Oman
Fax: +968-24791627
Email: info@gstoman.com
Phone: +968 24121855
Ibn Al Baitar Medical L.L.C
Website: Visit
Email: juhaina@ibnalbaitarmedical.com/ahsan@ibnalbaitarmedical.com
Address: Building 1220, Way 626, Al Amerat, Phase 1, Muscat, Oman
Phone: +968 9946 7922
KIMS Oman Pharmacy
Website: Visit
Address: P.O Box: 1522, Jibroo, P.C. 114, Muscat, Sultanate of Oman
Phone: +968 2476 0100 / 200 / 300
Fax: +968 2479 1747
Email: support@kimshealth.om, helpdesk@kimshealth.om
Lulu Pharmacy
Website: Visit
Address: Inside Avenues Mall Al Ghubra Muscat OM, 113, Oman
Located in: Oman Avenues Mall
Phone: +968 24 212114
Majan BioTech
Website: Visit
Address: Muscat-Oman
Phone: +96871571501
Email: Info@majanbiotech.com
Mazoon Pharmacy LLC Head Office
Website: Visit
Address: P.O.Box 24, Jibroo, Postal Code 114, Sultanate of Oman
Tel: +(968) 24819500, +(968) 24814040, +(968) 24811234
Fax: +(968) 24819494
Email: mazoonph@omantel.net.om
Medical and Pharmaceutical Services MPS
Website: Visit
Address: Muscat, Oman
Phone: +968 24567561 / +968 24567563
Fax: +968 24567561 / +968 24567563
Email: info@bashirco.com.sa
P.O. Box: 209 Postal Code 116
MUSCAT PHARMACY & STORES LLC
Address: Building 51, Block 144 Al Senaeyah Street Muscat, 100 Oman
Phone: +968-24814501
Website: Visit
Sales: $2.00 million
Year Started: 1968
Incorporated: 1968
NATIONAL PHARMACEUTICAL INDUSTRIES
Address: Road No.15, Plot 203 Muscat, 124 Oman
Phone: +968-24449099
Website: Visit
Sales: $39.98 million
Year Started: 1996
Incorporated: 1996
Novobio Drug Store LLC
Website: Visit
Phone: +968 2420 0878 / +968 9568 8327
Address: No – 11, 1st Floor, SHS Tower Near Centara Hotel, Ghala
P. O. Box: 2756, P C – 130 Muscat, Oman
OMAN PHARMACEUTICAL PRODUCTS CO.
Address: Building No. 313, Jumbo Building Al-Maaridh Street, P.C. 111 Muscat, 100 Oman
Phone: +968-24815485
Website: Visit
Sales: $48.49 million
Year Started: 1997
Incorporated: 1997
Pioneers Trade And Medical Supply
Website: Visit
P.O.BOX: 77 , PC 103
TEL: +968 22022214
MOB: +968 97804272
FAX: +968 24495763
Address: Azaiba, 18th November street, near to Sultan Center مسقط OM، 103, Oman
Philex Pharmaceuticals
Website: Visit
Address: Muscat, Sultanate of Oman Factory: Salalah, Sultanate of Oman
Muscat: (+968) 24112606 / 24112666
Salalah: (+968) 23136008
Proscape LLC
Website: Visit
Contact: +971 4 277 0244
Email: info@proscapeuae.com
Address: J926+Q6Q, Muscat, Oman
Scientific Pharmacy
Website: Visit
Phone: (+971) 4 701 6000
Fax: (+971) 4 295 5313
Email: info@planetme.ae
Taiba pharma group headquarter
Website: Visit
Address: Rusayl، Rusayl Industrial Estate, Seeb 124, Oman
Phone: +968 24 442222
Waleed Pharmacy Al khoudh branch
Website: Visit
Address: Omar Zawawi Establishment LLC
P.O. Box 879 Muscat, Postal Code 100
Sultanate of Oman
Tel: (+968) 24719500
Fax: (+968) 24711882
Email: omzest@omzest.com
Zulfa Medical Supplies LLC
Website: Visit
Head office: Building no.1744H Wadi Al Kabir PO BOX 119, POSTAL CODE 315 Muscat, Sultnate of OMAN, C.R. NO. 1331239
Phone: +968 24810228
Email: info@zulfamedicalsupplies.com
Frequently Asked Questions
Here are the top answers to the most asked questions about pharmaceutical companies in Oman.
How many licensed pharmacists are in Oman?
There are 1,251 licensed pharmacists, of whom 321 work in the public sector. There are 1,533 pharmacy technicians and assistants (across all industries). There are approximately 1.2 more pharmaceutical technicians than pharmacists.
What’s the Policy framework of the pharmaceutical sector in Oman?
Oman has a National Health Policy (NHP). It was updated in 2000. There is a national health policy implementation plan.
In Oman, there is an official national drug policy document11. It was updated in 2000. There is also an NMP implementation plan, last updated in 2005.
There are guidelines dealing with drugs as listed in Table 3. The implementation of the Medicines Directive is regularly monitored/evaluated by the Directorate-General for Medicines Affairs and Drug Control.
What’s the health expenditure in Oman?
In Oman, the total annual health expenditure (THE) in 2008 was 485.26 million Omani Rials (OMR) (US$1,277.01 million).
Total annual health expenditure was 2.79% of GDP. The total annual healthcare expenditure per capita was OMR 153 (US$153.89).
Public Health Expenditure (GGHE) was OMR 355.28 million (US$934.95) in 2008 according to National Health Accounts (NHA).
This is 73.21% of total healthcare spending, with total annual government spending on the healthcare of OMR 112 (US$295) per capita.
Annual government spending on health accounts for 4.7% of the total national budget. Private health expenditure covers the remaining 26.79 % of the total health expenditure.
What laws control imports in Oman?
There are legal provisions that require a license to import medicinal products. Some laws allow samples of imported products to be taken for testing purposes.
There is legislation that requires medicines to be imported through approved ports of entry. Some regulations or laws allow inspection of imported pharmaceutical products at authorized ports of entry.
What body is in charge of drug Licensing in Oman?
Oman has legislation obliging manufacturers to obtain a license (Pharmaceutical Practice Law issued by Royal Decree No. 41/1996 and Ministerial Decision No. 74/2000 and its amendments) 18.
There is legislation that requires manufacturers (both national and international) to comply with Good Manufacturing Practices (GMP). Good Manufacturing Practices are not published by the government
What are the key factors hampering the growth of the market?
A large number of banned products, anti-counterfeiting drug campaigns in India, and the lack of a national health insurance system and product recall in Oman are the main factors restraining the growth of the market.
What are the key factors driving the growth of the market?
The rising number of product launches in the pharmaceutical industry, increasing government initiatives in the pharmaceutical industry in India, and increasing prevalence of chronic diseases in Oman are expected to drive the growth of the market over the forecast period.
Conclusion
The pharmaceutical industry includes the sale of pharmaceutical products and services by organizations and sole proprietorships that develop pharmaceutical products used to treat diseases such as cancer, diabetes, cardiovascular disease, chronic kidney disease, autoimmune diseases, and others.
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Chibueze Uchegbu is a certified medical physiologist with a great passion for healthy living.