| Kippreport.com

Saudi healthcare sector to grow 12 percent in three years

September 22, 2009 3:19 by kippreport

Increasing prevalence of chronic diseases and the ageing population in Saudi is expected to help the kingdom’s healthcare market grow by up to 12 percent by 2012, according to research company RNCOS. “The healthcare sector in Saudi Arabia seems very promising and is expected to outpace the growth rate of other countries in the Middle East region in coming times,” said the report.

“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,” it added.

Tags: growth, healthcare market, Saudi