Medical device market in Saudi Arabia is forecasted to grow at a CAGR of around 7% in next three years, says a new research by RNCOS.
(EMAILWIRE.COM, October 19, 2009 ) New Delhi, India – Saudi Arabia Healthcare represents one of the most lucrative healthcare markets in the world. Healthcare spending in the country has grown at a rapid pace in the last few years, primarily due to increasing prevalence of chronic and lifestyle diseases. As per a new research report “Saudi Arabian Healthcare Market Forecast to 2012” by RNCOS, it is estimated that the medical device market in Saudi Arabia will grow at a CAGR of around 7% during 2010-2012.
The new research has done an extensive study on the medical device market in Saudi Arabia, with focus on present and future trends to enable clients understand the market dynamics. With increasing awareness among people about having a healthy living, the medical device industry in Saudi Arabia will see strong growth in demand. In this regard, the report provides ample information about demographic and diseases profile. Besides this, the report contains trade statistics of the medical device industry.
We have also studied different segments of the industry in order to identify developments and changes occurred in past few years. After thorough evaluation, we have found that there is a strong demand for hospitals and hospital beds in the country as the present infrastructure is insufficient to provide good healthcare facilities to people. Moreover, our research report encapsulates reliable statistics on number of hospitals and beds in each hospital to give a fair idea about the current status of hospital service market in Saudi Arabia.
“We believe that current efforts of the government will drive growth in the Saudi Arabian healthcare market, provided it should seriously consider the challenges such as ‘Staff Shortage’ and ‘Reform Delay’ currently impeding the industry progress”, said an Analyst at RNCOS.
“Saudi Arabian Healthcare Market Forecast to 2012” provides a complete overview of the regulatory environment and steps taken by the government to support the industry growth. This will give our client an additional edge over other competitors in the market. Overall, our research study provides valuable information to clients looking to venture into the Saudi Arabian healthcare market.
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RNCOS, incorporated in the year 2002, is an industry research firm. We are a team of industry experts who analyze data collected from credible sources. We provide industry insights and analysis that helps corporations to take timely and accurate business decision in today’s globally competitive environment.