Abstract
Saudi Arabia is one of the most attractive destinations for healthcare
professionals in the world. The sector has witnessed rapid advancements in
terms of technology in past few years. Backed by these advancements, Saudi
Arabian healthcare market is witnessing rapid growth and will continue
expanding exponentially in future. Lifestyle diseases, such as obesity,
diabetes and hypertension, in the country are amongst the highest in the world
and thus, these are expected to significantly boost the country' s healthcare
spending in future. The healthcare sector in Saudi Arabia seems very promising
and is expected to outpace the growth rate of other countries in the Middle
East region in coming times.
Our new research report “Saudi Arabian Healthcare Market Forecast to
2012” says that the healthcare sector in Saudi Arabia is expected to
enjoy a double-digit growth in future. The pharmaceutical market and medical
device market in Saudi Arabia are forecasted to grow at a CAGR of around 12%
and 7% respectively. Currently, the market is characterized by huge private
investments and this trend is likely to continue in near future also.
Our report has found that healthcare market is expected to grow more strongly
as the government is spending heavily in the sector. Increasing prevalence of
chronic disease and ageing population are also expected to support the growth
of the sector. However, there are several factors, like high cost of
healthcare treatments in the country, economic dependency of the country on
oil rates, which are imposing a negative impact on the growth rate, but these
are expected to be overcome in near future by government efforts.
This report also provides extensive information and rational analysis on the
Saudi Arabian healthcare market as well as on the facts like increasing number
of health insurance. Thus, it provides valuable information to pharmaceutical
& healthcare companies and investors looking to enter this market. Analysis
and statistics regarding market size, growth, share, regulatory environment
and trends in technology development have been thoroughly analyzed in the
report to present a comprehensive overview of the market to clients.
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