Doing Business in Saudi Arabia - International Franchise Association
Doing Business in Saudi Arabia - International Franchise Association Doing Business in Saudi Arabia - International Franchise Association
www.saudirailways.org Ministry of Education www.moe.gov.sa Ministry of Water and Electricity www.mow.gov.sa Saudi Arabia Mining Company (Ma’aden) www.maaden.com.sa Saudi Ports Authority www.ports.gov.sa Emaar Saudi Arabia www.emaar.com Saudi Aramco www.saudiaramco.com Royal Commission for Jubail and Yanbu www.royalcommission.com
Medical Equipment – MED Overview Return to top The health-care sector is one of the largest in the region in terms of expenditures, size, activity and potential. Annual spending on health care is estimated at $18 billion, 76% by the Saudi government. The government has allocated $16.3 billion for the healthcare sector in the 2010 budget. The funds will be used to finance 92 new hospitals with 17,150 beds and additional Primary Healthcare Centers (PHC) and to renovate an additional 22 hospitals. With an annual population growth rate of 2.5% to 3%, Saudi Arabia would require an additional capacity of around 47,000 beds for a total population of over 37 million by 2020, driven by an ageing and increasingly wealthy population seeking more specialist healthcare treatments. Demand for hospital beds and a health care service is increasing by 4.6% annually. At the very least, 11 new hospitals (average 200 beds per hospital) need to be built per year to keep pace with population growth. Hospital beds are likely to grow from 53,519 to 70,000; demand for physicians is expected to rise from 40,000 to 54,000 - and the number of hospitals will likely rise from 387 to 502. The high budgetary allocation valued at $16.3 billion for healthcare sector and new health projects, expansion and growth of existing hospitals and clinics, privatization, compulsory healthcare insurance, the aging population, and greater material wealth along with an upsurge in lifestyle diseases and favorable government policies all combine altogether to boost the demand for healthcare services and, thus create the environment for purchases of new medical equipment and increased investments in these sectors. Best Prospects/Services Return to top The following sectors and sub-sectors provide an excellent potential for U.S. companies: • Patient beds • Monitoring equipment • Hospital disposables • Operating-theater instruments • Oxygen generators and related components • Rehabilitation equipment and accessories • Diagnostic equipment and components • Electro-medical equipment • Medical X-ray equipment • Optical microscopes and related components • Dental or veterinary devices • Therapeutic appliances • Orthopedic appliances • Artificial body parts • Glucometers and blood-pressure devices • Medical laboratory equipment.
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Medical Equipment – MED<br />
Overview Return to top<br />
The health-care sector is one of the largest <strong>in</strong> the region <strong>in</strong> terms of expenditures, size, activity<br />
and potential. Annual spend<strong>in</strong>g on health care is estimated at $18 billion, 76% by the <strong>Saudi</strong><br />
government. The government has allocated $16.3 billion for the healthcare sector <strong>in</strong> the 2010<br />
budget. The funds will be used to f<strong>in</strong>ance 92 new hospitals with 17,150 beds and additional<br />
Primary Healthcare Centers (PHC) and to renovate an additional 22 hospitals.<br />
With an annual population growth rate of 2.5% to 3%, <strong>Saudi</strong> <strong>Arabia</strong> would require an additional<br />
capacity of around 47,000 beds for a total population of over 37 million by 2020, driven by an<br />
age<strong>in</strong>g and <strong>in</strong>creas<strong>in</strong>gly wealthy population seek<strong>in</strong>g more specialist healthcare treatments.<br />
Demand for hospital beds and a health care service is <strong>in</strong>creas<strong>in</strong>g by 4.6% annually. At the very<br />
least, 11 new hospitals (average 200 beds per hospital) need to be built per year to keep pace<br />
with population growth. Hospital beds are likely to grow from 53,519 to 70,000; demand for<br />
physicians is expected to rise from 40,000 to 54,000 - and the number of hospitals will likely rise<br />
from 387 to 502.<br />
The high budgetary allocation valued at $16.3 billion for healthcare sector and new health<br />
projects, expansion and growth of exist<strong>in</strong>g hospitals and cl<strong>in</strong>ics, privatization, compulsory<br />
healthcare <strong>in</strong>surance, the ag<strong>in</strong>g population, and greater material wealth along with an upsurge<br />
<strong>in</strong> lifestyle diseases and favorable government policies all comb<strong>in</strong>e altogether to boost the<br />
demand for healthcare services and, thus create the environment for purchases of new medical<br />
equipment and <strong>in</strong>creased <strong>in</strong>vestments <strong>in</strong> these sectors.<br />
Best Prospects/Services Return to top<br />
The follow<strong>in</strong>g sectors and sub-sectors provide an excellent potential for U.S. companies:<br />
• Patient beds<br />
• Monitor<strong>in</strong>g equipment<br />
• Hospital disposables<br />
• Operat<strong>in</strong>g-theater <strong>in</strong>struments<br />
• Oxygen generators and related components<br />
• Rehabilitation equipment and accessories<br />
• Diagnostic equipment and components<br />
• Electro-medical equipment<br />
• Medical X-ray equipment<br />
• Optical microscopes and related components<br />
• Dental or veter<strong>in</strong>ary devices<br />
• Therapeutic appliances<br />
• Orthopedic appliances<br />
• Artificial body parts<br />
• Glucometers and blood-pressure devices<br />
• Medical laboratory equipment.
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