Saudi Arabia is one of the most attractive destinations for healthcare professionals in the world. The sector has witnessed rapid advancements in terms of technology in past few years. Backed by these advancements, Saudi Arabian healthcare market is witnessing rapid growth and will continue expanding exponentially in future. The research report titled “Saudi Arabian Healthcare Market Forecast to 2012” pointed out that lifestyle diseases, such as obesity, diabetes and hypertension, in the country are among the highest in the world and thus, these are expected to significantly boost the country's healthcare spending in future. It noted that the healthcare sector in Saudi Arabia is expected to outpace the growth rate of other countries in the Middle East region in coming times. The report further said the healthcare sector in Saudi Arabia is expected to enjoy a double-digit growth in future. “The pharmaceutical market and medical device market in Saudi Arabia are forecasted to grow at a CAGR of around 12 percent and 7 percent, respectively. Currently, the market is characterized by huge private investments and this trend is likely to continue in near future also.” The report has found that healthcare market is expected to grow more strongly as the government is spending heavily in the sector. Increasing prevalence of chronic disease and ageing population are also expected to support the growth of the sector. However, there are several factors, like high cost of healthcare treatments in the country, economic dependency of the country on oil rates, which are imposing a negative impact on the growth rate, but these are expected to be overcome in near future by government efforts. __
