Saudi Arabia Medical Devices Report Q2 2015, Business Monitor International (PR Newswire)

LONDON, March 17, 2015 /PRNewswire/ — Includes 3 FREE quarterly updatesBMI Industry View: There are upside risks to the Saudi Arabian medical device expenditure forecasts. While the bulk of the additional funds allocated to healthcare in the 2015 government budget will be directed towards infrastructure and salaries, a sizeable amount will be spent on equipment and consumables. We note that this increase in medical services spending is despite the low oil prices and coincides with the accession of the new monarch.Headline Industry Forecasts- Saudi Arabia’s medical device market has experienced volatile but overwhelmingly positive growth over the past five years. The country was affected by the downturn in the global economy in 2009, which resulted in lower oil prices and subsequently growth in medical device sales declined to just 1.3% in 2010. The following years saw a strong rebound in growth, with the market expanding by 16.6% in 2011 and 22.1% in 2012. The market recorded a 2008-2013 CAGR of 12.7%, ranging from 9.6% for diagnostic imaging to 16.7% for patient aids.Download the full report: ReportbuyerReportbuyer is a leading industry intelligence solution that provides all market research reports from top publishershttp://www.reportbuyer.comFor more information:Sarah SmithResearch Advisor at Reportbuyer.comEmail:  Tel: +44 208 816 85 48Website:
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