Fast Market Research

Market Report, "the Medical Device Market: Saudi Arabia", Published

New Medical Devices market report from Espicom Business Intelligence: "The Medical Device Market: Saudi Arabia"

 
Repost This

Boston, MA -- (SBWIRE) -- 04/03/2014 -- Hydrocarbon-rich Saudi Arabia has the dominant economy of the Middle East. Oil receipts in 2012 were buoyed by a year of high barrel prices (Brent crude averaged US$112) and elevated domestic production, which grew by 5% year-on-year. BMI's Country Risk team forecasts that GDP will post a moderate 2013-2018 CAGR. The key risks to this outlook is military conflict in the region, a power struggle following the succession of King Abdullah bin Abdulaziz Al Saud and the re-emergence of Arab Springtype discontent.

Saudi Arabia's medical device market is valued at US$1,815mn in 2013, making it the largest in the Middle East, ahead of Israel (US$1,099mn), the UAE (US$841mn) and Iran (US$767mn). However, annual percapita spending is US$62, which is the third highest in the region. Medical device spending in Saudi Arabia as a percentage of GDP and healthcare expenditure is 0.3% and 6.3%, respectively.

View Full Report Details and Table of Contents

The few medical device manufacturers in Saudi Arabia focus on low-end consumables or act as agents for foreign firms. High-end products are generally imported from the US and Western European multinationals. The most prominent local firms are Saudi Pharmaceutical Industries & Medical Appliances Corporation (SPIMACO), Alshifa Medical Syringes Manufacturing Co and Jamjoon Hospital Supply (JHS).

PROVIDING STRATEGIC MARKET ANALYSIS EVERY MONTH
Espicom's highly-regarded world medical technology and device market research reports provide enhanced strategic intelligence in a user-friendly format. Each report provides in-depth information, setting the medical equipment market in context. The reports provide:

Unique projected estimates of market size and growth for 33 equipment categories
Five year statistical data for key economic and healthcare indicators
Information on regulation, distribution and market access, including Espicom's unique distributor directory
Detailed Medical trade data
Data on leading local/multinational medical equipment players in the market

MAKING YOUR MARKET RESEARCH INVESTMENT WORK WITH POWERFUL ONLINE TOOLS

At no additional cost, all customers get access to Espicom Interactive. This advanced online service is easy-to-use and contains practical and valuable tools which will save you hours of time and effort.

Full text cross file searching with fast response or intuitive "drill down" into the content
Presentation-ready tables and graphics with "one click" output to other packages such as MS Excel and MS PowerPoint
View all tables and graphs independently from the text
Split screen for more efficient working
Instant machine translation into nine languages
A "Cut your own" report building feature
Pdf download
WITH THIS MARKET REPORT YOU CAN

Evaluate the potential of the market
Assess risks and opportunities on the basis of knowledge

About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

Browse all Medical Devices research reports at Fast Market Research

You may also be interested in these related reports:

- The Medical Device Market: France
- The Medical Device Market: Brazil
- The Medical Device Market: South Korea
- The Medical Device Market: Spain
- The Medical Device Market: China
- The Medical Device Market: Mexico
- The Medical Device Market: UK
- The Medical Device Market: Italy
- The Medical Device Market: Malaysia
- The Medical Device Market: Germany