Research and Markets: The Saudi Government Allocats Funds of Approximately SAR 68.7 Billion for 2011, Representing a Y-O-Y

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DUBLIN--(BUSINESS WIRE)-- Research and Markets(http://www.researchandmarkets.com/research/506c1c/opportunities_in_t) has announced the addition of the "Opportunities in the Saudi Arabian Healthcare Market" report to their offering.

Opportunities in the Saudi Arabian Healthcare Market is an outcome of comprehensive research and analysis of the Saudi Arabian healthcare market. The research team has attempted to identify various factors that are driving the growth of the industry. The report also highlights various opportunities and challenges faced by the industry. The competitive landscape of the sector has also been examined in order to shed light on the operations/strategies of key players. The companies that have been profiled include players dominating the hospital services market, as well as medical device and pharmaceutical market. Thus, the information available in the report is expected to enable the target audience in understanding the overall industry scenario.

Key findings in the report include:

  • The demand for self monitoring medical device market has been rising in the country due to which various medical device providers have entered the market.
  • For instance, Biosign Technologies has formed distribution agreement with Alqaem International in order to distribute online medical device for self-monitoring of blood pressure and blood glucose in several Middle Eastern countries including Saudi Arabia.
  • As per the Ninth Five-Year Development Plan, the government is planning to invest approximately US$ 73 billion (SAR 273 .9 billion) in the healthcare industry during 2010-2014 to provide integrated and advanced healthcare services, in the country.
  • Currently, around 120 new hospitals are under construction in the Kingdom that would accommodate more than 26,000 beds, providing immense opportunities for the medical device and pharmaceutical companies.

Companies Mentioned:

  • Glaxo Smith Kline
  • Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO)
  • Pfizer
  • Sanofi-Aventis
  • Tabuk Pharmaceuticals Company
  • King Faisal Specialist Hospital and Research Centre
  • King Fahad Armed Forces Hospital

For more information visit http://www.researchandmarkets.com/research/506c1c/opportunities_in_t



CONTACT:

Research and Markets
Laura Wood, Senior Manager,
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

KEYWORDS:   Saudi Arabia  Middle East

INDUSTRY KEYWORDS:   Health  Hospitals

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