Wednesday, August 26 - 2009
According to a research by India-based research firm RNCOS, the Saudi Arabian healthcare market is experiencing rapid growth. Due to the prevalence of lifestyle diseases, such as obesity, diabetes and hypertension, the healthcare sector in the kingdom is growing faster than in other countries in the Middle East. Over the coming years, the report - called Saudi Arabian Healthcare Market Forecast to 2012 - said healthcare would see double digit growth. "The pharmaceutical market and medical device market in Saudi Arabia are forecast to grow at a CAGR of around 12% and 7%, respectively," the report said.
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