NewswireTODAY - /newswire/ -
Noida, Uttar Pradesh, India, 2012/04/17 - Saudi Arabian medical device market is projected to grow at a CAGR of around 13% during 2012-2015, says RNCOS in its latest research report - RNCOS.com.
Saudi Arabia medical device market is witnessing tremendous growth supported by strong investment in the healthcare infrastructure by the government. High investment in healthcare infrastructure both in public and private sector is creating demand for medical devices in the country. In addition, the affordability factor will also manipulate the growth of the market. On the back of all these factors, the market for Saudi Arabian medical device market is anticipated to grow at a CAGR of around 13% during 2012-2015.
Saudi Arabia represents the largest healthcare market in the GCC region that possesses a huge potential for further expansion due to rising healthcare needs. Factors, such as rising population, prevalence of lifestyle and infectious diseases, longer life expectancy are driving growth in the country’s healthcare market. We found that the public sector dominates in this region and is expected to remain the same in the coming years. Developments are also taking place at a fast pace in the private sector to meet the growing healthcare needs.
Our report studies the Kingdom’s healthcare industry by dividing it into various segments, including hospital services, medical devices, and pharmaceuticals. The study also analyzes various crucial factors like medical test rates in private hospitals, consultancy fees, bed capacity and number of physicians in order to provide an in-depth knowledge about the industry to the potential investors.
Further, our latest research report,“Saudi Arabian Healthcare Forecast to 2015”, covers various aspects of the healthcare industry, providing a detailed analysis of each segment. It analyzed that tier-I cities, like Riyadh and Jeddah dominate the healthcare market in Saudi Arabia. We also studied the reasons for growing private investments into healthcare in these locations. The report covers the analysis for top five regions in the country, including details of healthcare infrastructure and professionals, among others. It also discusses how consolidation, increasing construction of healthcare facilities, e-health, and m-health are influencing the industry’s growth. The study also covers the competitive landscape to help clients understand the market, its structure, and progress in the coming years.
RNCOS (rncos.com) specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.