The Medical Device Market: Saudi Arabia

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The Medical Device Market: Saudi Arabia

Espicom Business Intelligence
Management Report August 2007

Espicom’s in-depth medical device market reports are ideal for executives wanting to understand the key drivers in medical markets and have access to a wealth of statistical data. Each report opens with an outlook section that provides analysis of the market, 5-year market forecasts, national data projections, market outlook and key developments such as regulation, health facilities and government policy. The report also provides extensive background information, population trends, health status, health expenditure, organisation & administration, hospital services, medical personnel, healthcare development, market access information, trade data and essential industry contacts. Included with the report are 3 free quarterly updated outlook reports, enabling you to keep up to date with market developments for a year. While Saudi Arabia’s vast reserves of oil and natural gas ensure consistent wealth and a relatively stable economy, the fluctuating price of oil dictates the level of government health expenditure and, to some extent, the market for medical equipment & supplies.

Late payments are often a problem, especially with public hospitals. Government payments often depend on oil revenues, and if these are inconsistent, it is not unusual for creditors to be kept waiting.

There is very little domestic production beyond basic medical supplies, therefore the market is heavily reliant on imported products. However, both domestic and foreign investment in the expansion of the small private health sector and the production of both medical devices and pharmaceuticals could boost the market. Unfortunately, potential investors could be dissuaded by the ongoing unrest in the Middle East and the need to use a local supplier when exporting to Saudi Arabia.

Around two thirds of the health sector is run by the Ministry of Health, with the remaining third split between the private sector and other public providers. The military and security services are major providers in Saudi Arabia, and often operate the most advanced facilities. Saudi Arabia is heavily reliant on highly-trained overseas staff, principally from the USA and Europe, but this has the advantage of being able to introduce advanced, Westernised techniques.

There has been rapid expansion of the public healthcare system in recent years, mainly due to a number of Development Plans. There is also an ongoing programme of construction and renovation which aims to create a solid base of primary healthcare provision.

Number of pages - 112

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