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KSA Healthcare Market Outlook 2022
Saudi Arabian healthcare sector caters to a rapidly growing population, and the concurrent increase in health issues is boosting the sector to flourish. Saudi Arabia is continuously investing in healthcare related projects in Kingdoms like Riyadh, Makkah, Jeddah, etc. for developing advance healthcare system in these regions. Moreover, the government is blending in the regulatory framework to attract more private investment in this sector. As per our latest research report “KSA Healthcare Market Outlook 2022”, the healthcare sector in the Kingdom is anticipated to expand at a CAGR of around 8% during the 2016-2022.
With the rising number of public/private partnerships in KSA, various initiatives have been put in place to encourage the private sector to invest, aiding in the expansion efforts in healthcare. The emerging trends, such as emergence of mobile health solutions and compulsory healthcare insurance policies, would help the Saudi Arabian healthcare market to grow in coming years. Furthermore, the thriving healthcare services in hajj sessions are some of the major factors that are driving this industry in the kingdom.
The report provides healthcare market forecast till 2022 for Saudi Arabia. According to our research, the healthcare market of Saudi Arabia is growing at a rapid pace. It provides an in-depth analysis of the contributions by MOH, private and other public sectors to the country’s healthcare industry. A regional analysis of the country’s healthcare industry exhibits potential opportunity for investment.
The report gives brief insights about the regulatory environment in Saudi Arabia for registration of pharmaceutical products and medical devices. The increased application of e-health and m-health has also been discussed reflecting the industry’s growth. With thorough understanding of current investment opportunity and competitive landscape of the country’s pharmaceutical players and hospitals, the report will help the client to understand the market along with the structure and growth in coming years.