The healthcare sector of Saudi Arabia is experiencing an exceptional growth, thanks to the robust demand in the domestic and international markets, said RNCOS in its "Saudi Arabian Healthcare Forecast to 2015" report. Riding on the back of robust demand from the emerging market, the healthcare sector in Saudi Arabia has been witnessing a healthy growth in comparison to the global health industry. The report said the Kingdom is emerging as one of the largest healthcare market in the GCC region that possesses a huge potential for further expansion due to rising healthcare needs. The government and health regulatory authorities in the country have been taking keen interest in the developing and enhancing healthcare infrastructure for increased accessibility. The study said the healthcare sector in the Kingdom is anticipated to expand at a CAGR of around 7 percent during 2012-2015 on the back of factors, such as rising population, prevalence of lifestyle and infectious diseases, and longer life expectancy. It noted the consolidation, increasing construction of healthcare facilities, e-health, and M-health are influencing the industry's growth. The report revealed that Saudi Arabia medical device market witnessing tremendous growth as healthcare infrastructure developing across regions in Arabia. It noted that the Kingdom's M-Health & e-Health is "thriving unprecedentedly." Pharmaceutical market is also experiencing an exceptional growth, it added. In an earlier industry report for this year, RNCOS said "it is expected that the growth of the healthcare industry in the near future will be driven by various factors, including rapidly increasing population, lifestyle, prevalence of diseases and the lack of internationally accredited healthcare infrastructure” among others. The pharmaceutical industry is expected to be one of the highly prolific healthcare sectors, estimated to grow at a CAGR of around 6.6 percent during 2011
