SGIE Report 2024/25: Enhancing local pharma capabilities, halal certification emerge as key trends
Muslim consumer spending on pharmaceuticals flatlined in 2023, increasing slightly from $106.9 billion in 2022 to $107.1 billion in 2023, according to the State of the Global Islamic Economy Report (SGIE) 2024/25. Spending is projected to grow at a CAGR of 6.8%, reaching $149 billion by 2028.
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