According to our new research report, "Saudi Arabian Healthcare Market Forecast to 2012”, the country’s pharmaceutical market is one of the largest and highly prolific markets in the Middle-Eastern region. Backed by consistent regulatory support, the market has been constantly showing an affirmative growth trend since 2005. The fast spreading lifestyle and infectious diseases in the country have led to a surge in demand for pharmaceuticals and drugs in the past few years. Moreover, rising consciousness about healthcare amongst people has also been a great aid to the market. As a result of persistence shown by these factors, it is expected that the Saudi Arabian pharma market will grow at a CAGR of nearly 7% during 2011-2013.
Our team of experts has also conducted extensive research on various segments of the pharmaceutical market, such as generics, branded, OTC, etc. It was observed that although the generics account for a small share of pharmaceutical market compared to prescription drugs, it is expected to increase in the future. The main reasons behind the increasing acceptance of generics are the governments’ support and public concerns over high drug prices.
The report has also covered the other prominent healthcare sectors, such as hospital services market and medical devices market. Along with this, industry restraints and regulatory environment has also been included in the report. After detailed studies, we have also provided a descriptive healthcare profile of the country in the report. The profile is aimed at depicting the developments regarding the prevalence of diseases, and various measures being taken by the authorities and private sector to meet the demands arising from the rising prevalence of diseases.
“Saudi Arabian Healthcare Market Forecast to 2012”, provides thorough research and rational analysis along with reliable statistics of the Saudi Arabia healthcare market. Besides, an insight of trends prevailing in the healthcare market segments across the country has been covered in the report. Our researchers have also provided prudent analysis and calculated market statistics with reference to market size, growth, share, segmentation, geographic distribution, and key players have also been thoroughly studied in the report to present a comprehensive view of the Saudi Arabian healthcare market. The report enables clients to understand the market structure and its progress in the coming years.
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Article By: Shushmul Maheshwari