Healthcare Sector in Saudi Arabia Exhibiting Promising Growth

Saudi Arabian healthcare market is anticipated to grow at a CAGR of more than 9% during 2015-2020, says RNCOS in its latest research report.


Noida, UP -- (SBWIRE) -- 04/20/2015 -- Saudi Arabia is the largest economy in Middle East. Its economic performance has been quite promising in the past couple of years. In its 2015 budget the government of Saudi Arabia awarded the health and social affairs with a fund of SAR 160 Billion.

Our recent report on "Saudi Arabian Healthcare Outlook 2020", says, on the backdrop of rising population, prevalence of lifestyle diseases, like obesity, Type-2 diabetes and cardiovascular ailments and growing support from the government will boost the Saudi healthcare market in coming years. Government has allocated funds for medical device manufacturing, education and training, service provision, pharmaceuticals manufacturing, etc. in its recent budget.

New initiatives have been taken for building new hospitals and primary healthcare centers in the Kingdom. Government hospitals constitute of more than half of the total number of hospitals in the country. Private hospitals observing rapid growth in regions like Jeddah, Riyadh, Makkah, etc. Further, technological up-gradation such as growing application of e-health and m-health and recently released favorable regulations are also providing major boost to industry's growth. The overall healthcare market of the Kingdom is projected to grow at a CAGR of more than 9% during the forecast period of 2015-2020.

Research Analysis & Highlights

The report by RNCOS spread over 110 pages provides an in-depth research and rational analysis of the current status and future growth prospects of the healthcare market in Saudi Arabia. Our research includes detailed study on the healthcare infrastructure, hospital bed capacity, hospital health force, hospital occupancy rate and average length of stay. Besides that, the report exhibits the emerging trends and drivers in the Kingdom which are boosting the growth of healthcare market.

The report further provides a detailed description of pharmaceutical and medical device market in Saudi Arabia along with the market overview, import structure and domestic production. A regulatory framework has been provided in the report for a better understanding of registration rules for pharmaceutical products and medical devices in the country. Through the section of regional analysis we have tried to provide the insight of current market scenario in different regions of the Kingdom. Additionally, we have also covered the key players section which gives a proper understanding to our customers about the existing competition in healthcare market. As a whole, the report represents a comprehensive outlook of the sector's past, present, and future scenario.

Some of the report's key highlights include:

- Government Initiatives Boosting the Healthcare Market
- Liberalized Investment Rules
- Compulsory Healthcare Insurance
- Thriving Healthcare Services in Hajj Session

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RNCOS is a leading industry research and consultancy firm incorporated in 2002. As a pioneer in syndicate market research, our vision is to be a global leader in the industry research space by providing research reports and actionable insights to companies across a range of industries such as Healthcare, IT and Telecom and Retail etc. We offer comprehensive industry research studies, bespoke research and consultancy services to Fortune 1000, Trade associations, and Government agencies worldwide.