Impact of the COVID-19 Pandemic on the Pharmacy Market in Saudi Arabia

Abstract

Introduction: The COVID-19 pandemic has been sudden in its global impact and has led to ‎critical decisions on how to control the spread of the infection, such as by social distancing. ‎These measures have in turn impacted the Saudi economy and its pharmacy markets. ‎ Study objectives: To investigate the impact of COVID-19 on pharmaceutical and medical ‎devices companies in Saudi Arabia, and the epidemic’s further impact on those involved in the ‎Saudi pharmacy market. ‎ Methods and subjects: A cross-sectional study design was conducted to collect data from a ‎sample of 59 study participants. The data collection instrument, a questionnaire, was distributed ‎to personnel in the Saudi pharmaceutical industry by e-mail and WhatsApp, due to the current ‎pandemic conditions. questionnaire was developed to suit local conditions, following a review ‎of the literature. ‎ Results: The main study findings showed that the COVID-19 pandemic had impacted on the ‎Saudi pharmaceutical and medical devices market. However, this impact was perceived as ‎temporary within 2020, and the market was expected to regain its in the second half of 2020.‎ Conclusion: The COVID-19 pandemic has had a negative impact on both the private and public ‎sectors of the pharmacy market in Saudi Arabia, Social distancing and controls on travel have ‎been the main methods of reducing this impact.‎ Recommendation: Safety measures must be implemented across all sectors and communities, ‎and in all social activities.‎