Wednesday, October 21, 2015

Saudi Arabia Healthcare Market is expected to reach over SAR 120 Billion by 2019: Ken Research

·         Future Growth in Saudi Arabia Healthcare Industry is expected to be led by Polyclinics and Healthcare Centers in the country.
·         Ministry of Health of Saudi Arabia will be the major healthcare provider in the country over the coming years.
Latest market research report by Ken Research on “Saudi ArabiaHealthcare Market Outlook to 2019- Rising Lifestyle Diseases and GovernmentInvestment to Spur Future Growth” provides a comprehensive analysis Healthcare Industry in Saudi Arabia. The report covers various aspects such as market size of Saudi Arabia Healthcare market, segmentation on the basis of Hospitals, Polyclinics, Pharmacy Retail Sector and Medical Devices Sector of the industry. The report is useful for Healthcare Industry Consultants, various healthcare professionals and manufacturers of medical devices.
The Healthcare market in Saudi Arabia has witnessed a growth in recent years on account of rising demand for healthcare services fueled by increasing incidence of life style related diseases and expanding population base of the country. The growth in this segment has been largely led by inclining government investment over the past five years. More than 60% of the healthcare services in the country are provided by the Ministry of Health of Saudi Arabia. The Saudi Arabia Healthcare market revenues have grown at a CAGR of 10.0% from 2009-2014.


While the government has taken great steps to enhance public health-care delivery systems, it has fallen short on its stipulated targets outlined in the Kingdom's successive development plans. The burden of satisfying the escalating demand for various healthcare services in the country has fallen primarily on the Saudi Government over the past five years. The government therefore has been encouraging private participation in the healthcare sector, especially over the past couple of years.
According to the research report, the Saudi Arabia Healthcare market will grow at a considerable CAGR rate thus exceeding SAR 127.5 billion by 2019 due to the spurring investments by the Saudi Government in the healthcare sector, new pharmacy retail stores, and increasing imports of medical devices.
As per the recommendations of Research Analyst , Ken Research” the penetration of hospitals is lower in Tier-II and Tier-III cities and thus recommends that a gradual shift towards setting up more hospitals in Tier-II and Tier-III cities will enable the healthcare providers to serve different consumer segments such as lower middle income and rural population. Moreover, in the Medical devices market, the country has showcased huge dependence on imports. Hence, the country should encourage increasing production for medical devices in the domestic arena.
Key Topics Covered in the Report:
·         Healthcare Market Size by Revenues
o   Market Segmentation by Sectors ( Hospital market, Polyclinic market, Pharmacy Retail market, Medical devices market)
·         Hospital market Size by Revenues and Number of Hospitals
o   Market Segmentation by
-          MOH and private Hospitals
-          Number of Inpatients
-          Number of Outpatients
-          Region
·         Pharmacy Retail market Size by Revenues
o   Market Segmentation by
-          Region
-          Drugs
-          Type of Pharmacies
·         Polyclinic market Size by Revenues
o   Market Segmentation by
-          MOH and private Polyclinics
-          Outpatients and Diagnostic Labs
-          Region
·         Medical Devices market Size by Consumption Value and Consumption Volume
o   Market Segmentation by
-          Products
-          Imports and Domestic Production
-          Usage
·         Trends and Development
·         SWOT Analysis
·         Export and Import
·         Business Models of Major Players
·         Competition and Market Share
·         Growth Drivers
·         Future Outlook
·         Macro Economic Parameters
Key Products Mentioned in the Report
Saudi Arabia Hospitals
Saudi Arabia Pharmacies
Saudi Arabia Polyclinics
Saudi Arabia Medical Devices
Patented Drugs
OTC and Generic Drugs
DRX-1 Systems
Medical Gloves, Sutures, Syringes and Cotton Swabs
Needles, Catheters, Electro-Diagnostic Apparatus, Orthopedic appliances
Cardiological, Nephrological, Oncological Medical Devices
Players Covered in the Report
Hospital Market
King Fahad Medical City
King Faisal Specialist Hospital and Research Centre
Saudi German Hospitals
Mouwasat Hospitals
Pharmacy Market
Jamjoom Medical Industries
Nahdi
Nawah Healthcare
Gulf Medical Company
Al-Dawaa
Al-Faisaliah
Polyclinic Market
Wahat Al Shifa Polyclinic
Asian Polyclinic
Shifa Jeddah Polyclinic
Medical Devices
Gulf Medical Company
Nawah Healthcare
Al Faisaliah Medical Systems
Jamjoom Medical Industries
Related Reports:
 Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249


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