Noida, India (PressExposure) August 24, 2009 -- Saudi Arabia is one of the most attractive destinations for healthcare professionals in the world. The sector has witnessed rapid advancements in terms of technology in past few years. Backed by these advancements, Saudi Arabian healthcare market is witnessing rapid growth and will continue expanding exponentially in future. Lifestyle diseases, such as obesity, diabetes and hypertension, in the country are amongst the highest in the world and thus, these are expected to significantly boost the countryâs healthcare spending in future. The healthcare sector in Saudi Arabia seems very promising and is expected to outpace the growth rate of other countries in the Middle East region in coming times.
Our new research report âSaudi Arabian Healthcare Market Forecast to 2012â says that the healthcare sector in Saudi Arabia is expected to enjoy a double-digit growth in future. The pharmaceutical market and medical device market in Saudi Arabia are forecasted to grow at a CAGR of around 12% and 7% respectively. Currently, the market is characterized by huge private investments and this trend is likely to continue in near future also.
Our report has found that healthcare market is expected to grow more strongly as the government is spending heavily in the sector. Increasing prevalence of chronic disease and ageing population are also expected to support the growth of the sector. However, there are several factors, like high cost of healthcare treatments in the country, economic dependency of the country on oil rates, which are imposing a negative impact on the growth rate, but these are expected to be overcome in near future by government efforts.
This report also provides extensive information and rational analysis on the Saudi Arabian healthcare market as well as on the facts like increasing number of health insurance. Thus, it provides valuable information to pharmaceutical & healthcare companies and investors looking to enter this market. Analysis and statistics regarding market size, growth, share, regulatory environment and trends in technology development have been thoroughly analyzed in the report to present a comprehensive overview of the market to clients.
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