Saudi Arabia represents one of the richest economies of the world. The country has witnessed many rapid changes in people’s lifestyle, eating habits and social system over the last few years. These transformations at the social and individual levels have brought changes in diseases profiles and statistics. Hence, the prevalence of lifestyle and chronic diseases has been continuously increasing for last few years, which has put an additional burden on the healthcare spending in the country. From investors’ point of view, the Saudi Arabian healthcare sector seems to be very promising and is expected to outpace the growth rate of other countries in the Middle East region in coming years.
Our new research report “Saudi Arabian Healthcare Market Forecast to 2012” states that the healthcare sector in Saudi Arabia is expected to enjoy a double-digit growth in future. All the three segments of the healthcare industry (hospital, pharmaceutical and medical devices) will post strong growth in the backdrop of strong demand and government support. For instance - the pharmaceutical market and medical devices market are projected to grow at a CAGR of around 10% and 12% respectively during 2010-2012. Besides, the most noticeable aspect of the healthcare industry is huge private investments and this trend is likely to continue in near future.
Our report has found that the demand for hospitals beds will escalate at rapid pace with changing country’s demographic conditions and rising population. The increasing prevalence of diseases and expanding proportion of ageing population will further boost the demand for beds. 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 with the help of government efforts.
This report contains valuable information and rational analysis of the Saudi Arabian healthcare market and its various aspects like health insurance. It provides an extensive research (data, trend analysis, demand, etc.) to pharmaceutical & healthcare companies and investors looking to foray into this market. The report also includes analysis and statistics of market size, growth, share, regulatory environment and trends in technology development to present a comprehensive overview of the market to clients.
