The healthcare market in the Kingdom of Saudi Arabia is expected to grow phenomenally in near future on the back of factors like rising prevalence of infectious and lifestyle diseases, such as obesity and diabetes. According to the latest research report of RNCOS, titled “Saudi Arabian Healthcare Market Forecast to 2012”, Jeddah and Riyadh have maximum numbers of private hospitals in the country due to low operational costs. These cities are still the most desired location for private investment, driven by various suitable factors like increasing health awareness and growing expatriate population.
The relatively low salary scale of doctors has also been luring the private players to invest in these locations. Doctors also prefer these cities due to optimum cost of living and benefits available there. Saudi Arabia’s population and epidemiological profile can be regarded as the main driver of strong expansion in the country’s healthcare market, which offers ample opportunities, especially to private players. The high occurrence of lifestyle diseases would significantly increase spending on pharmaceuticals, hospital services, and medical devices in future.
The comprehensive research and objective analysis of the Saudi Arabian healthcare market categorize the industry into hospital services, medical devices, and pharmaceuticals segments. The report contains information relating to market size, demand, and market segmentation for each segment. It also analyzes other crucial factors like medical test rates in private hospitals, consultancy fees and bed capacity in major hospitals, and numbers of physician, among others. The details pertaining to the Saudi Arabian insurance market along with industry forecast present a comprehensible portrait of the Kingdom’s healthcare sector.
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