The Saudi Arabian medical device market has observed strong growth on the back of strong investments in the healthcare infrastructure made by the government. High investments in healthcare infrastructure by both public and the private sectors will result in a stupendous growth of the market. Additionally, the affordability factor will manipulate the growth of the market.
The market is anticipated to grow more strongly from 2010 onwards, mainly due to the ever-increasing government and private investments. Even though Saudi Arabia does not have official standard for medical products, most of the physicians are trained as per the Western standards. Consequently, the medical devices market in Saudi Arabia is forecasted to grow at a CAGR of around 12% during 2010 - 2012, says our new research report “Saudi Arabian Healthcare Market Forecast to 2012”.
Moreover, the Saudi Arabian medical device market is dominated by imports, like pharmaceuticals. Although government has done a lot to promote the local manufacturing of medical equipment and supplies, it is still not up to the mark. Imported devices acquired an estimated share of around 78% in 2009, and it is expected to remain almost same by 2012.
Our report has segmented the healthcare industry into hospital services market, pharmaceutical market, and medical devices market. For each segment, detail statistics regarding the past and future performance of the industry has been provided. Along with this, a thorough description of industry restraints and regulatory environment prevailing in the industry has also been provided in the report.
“Saudi Arabian Healthcare Market Forecast to 2012” provides thorough analysis of the various segments of the healthcare industry together with the detail study of the investment opportunities in various regions of the country. The report has thoroughly examined current market trends; industrial developments, and competitive landscape to enable clients understand the market structure and its progress in coming years. Due consideration has been given to the possible after effects of recession on the industry. It will help clients to gain a proper insight of the current and future outlook of the healthcare market in Saudi Arabia.
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Article By: Shushmul Maheshwari