Noida, UP -- (SBWIRE) -- 12/15/2010 -- Saudi Arabia’s medical device industry is one of the largest in the Middle East region. At present, the country has low manufacturing capabilities and, thus, depends on imports to satisfy its market demand. Although Saudi Arabia doesn’t have official standards for medical products, majority of the physicians are trained as per the Western standards. Moreover, the country focuses on utilizing the best equipments available. Consequently, the Saudi Arabian medical device industry is estimated to stand at US$ 890 Million by the end of 2010, says our new research report “Saudi Arabian Healthcare Market Forecast to 2012”.
Our team of experts has found that Saudi Arabia has witnessed robust growth in the medical device industry during the past few years on account of strong investments made by the government. In addition, prevalence of chronic diseases such as, diabetes and cardiovascular diseases has been increasing in the country. This will create a substantial demand for diagnostic and monitoring devices. Besides, this will help in surging the medical device industry of the country.
Our report has segmented and studied the healthcare industry into hospital services market, pharmaceutical market, and medical devices market. Most importantly, our report provides a detailed healthcare profile of the country, which describes the most prevalent diseases in the country and the initiatives taken by public as well as private sector to tackle those diseases. Regulatory environment has been also given equal importance in our report as it has also helped in the growth of the market.
“Saudi Arabian Healthcare Market Forecast to 2012” provides thorough research and rational analysis along with reliable statistics of the Saudi Arabian healthcare industry. The report also provides extensive information on the traditional markets as well as on the emerging technologies. Analysis and statistics regarding market size, growth, share, and segmentation have been thoroughly studied in the report to present a comprehensive view of the Saudi Arabian healthcare industry. The report has thoroughly examined current market trends; industrial developments, and competitive landscape to enable clients understand the market structure and its progress in coming years.
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