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Wednesday, September 18, 2013

Rising spending on health care to drive Saudi Medical Device market

Currently the Saudi medical devices industry stands at around USD 170m and is expected to grow at a CAGR of ~13% for the next 5 years to reach around USD 300m by 2017. The growth is expected to ride on the tremendous growth in the healthcare industry in Saudi Arabia where in a slew of brand new multi-specialty hospitals and health care facilities are expected to come up. The majority of the new demand for medical devices is expected to be for sophisticated devices to equip these new facilities.

To read more about how this industry is expected to grow read the entire article at Rising spending on health care to drive Saudi Medical Device market

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