Delhi, India (PressExposure) January 14, 2009 -- Saudi Arab is amongst the world's fastest growing healthcare markets, and the biggest factor spurring this growth is the rapidly expanding population of the country, according to "Saudi Arabian Healthcare Market Forecast to 2012", a new research report by RNCOS.
The report finds that despite healthy investment in new bed installations, the rate of population growth has significantly outpaced the rate of bed growth from early 1990s to 2008, leading to a fall in the bed to population ratio from 2.55 beds per thousand population to the present 2.36 beds per thousand population.
Currently, the country is witnessing maximum growth in the population segment at or above 65 years of age. The report forecasts this population segment to expand by 15% between 2008 and 2012, outpacing the 10% increase in the total population. With increasing aging population, the prevalence of a number of chronic diseases such as obesity, diabetes, cardiovascular and dementia will grow exponentially in future. This will significantly push the demand for hospital services, pharmaceuticals and medical devices in future.
Apart from the shortage of beds, the fast expanding population will also create a shortage of healthcare professionals in the country. Most of the healthcare professionals in the country are foreign nationals with high turnover rates. As a result, the government has taken a number of steps to improve its medical education infrastructure. However, the number of medical graduates passing out in the foreseeable future is not likely to match the demand emerging from the ever-increasing population. This will open up big opportunities for the education services market in Saudi Arab.
"Saudi Arabian Healthcare Market Forecast to 2012" gives an extensive and objective analysis on the Saudi Arab healthcare market. It has segmented the healthcare industry under the heads hospital services, pharmaceuticals and medical devices. Analysis as well as statistics on these segments regarding the market size, demand, supply, segmentation and key players has been given in this report.
An analysis on the future directions, supplemented with both facts and figures has also been done by the report. Thus, the research study serves as a useful guide for healthcare companies, government officials, consultants and investors who are planning to foray into the Saudi Arab healthcare market.