Healthcare and Medical Devices

Saudi Arabia is the Middle East’s largest market of healthcare consumers. With a compound annual
growth rate of 7.2 percent between 1999 and 2005, public healthcare spending is expected to reach
$20 billion by 2016. Over the next six years, demand for hospital beds is projected to rise 37 percent
and the number of hospitals will increase almost 40 percent. The medical device sector in Saudi Arabia,
estimated to be worth $790 million in 2009, is expected to continue grow along with the $2.8 billion
pharmaceutical market, which attracts significant international involvement. Private-sector participation
is likely to rise amid escalating demand trends, creating attractive investment opportunities in the
Kingdom’s expanding healthcare industry.

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