Saudi Arabian Healthcare Industry is projected to grow at a CAGR of around 9.2% during 2013-2017, says RNCOS in its latest research report.
Noida, UP -- (SBWIRE) -- 04/22/2015 -- Saudi Arabian healthcare industry is witnessing astounding developments and improvements in healthcare sector, owing to growing government support, technologically advanced infrastructures, and state-of-the-art facilities. Further, country's healthcare industry has been witnessing significant growth due to rising population, prevalence of lifestyle and infectious diseases, longer life expectancy and improving healthcare infrastructure Driven by the above factors, Saudi Arabian healthcare industry is slated to grow at a CAGR of 9.2% during the forecast period of 2015-2020.
According to our latest research study, "Saudi Arabian Healthcare Outlook 2020", private participation in the Saudi Arabian's healthcare system has considerably augmented on account of the spreading consciousness about health insurance and a strong inclination by the government to decrease its public spending burden. In the coming years, it is expected that the number of private hospitals and beds will increase significantly as the demand for healthcare needs is rising at a fast pace than the growth in the number of public sector hospitals.
The report 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.
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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.