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In 2009 Saudi health infrastructure development was second only to education in terms of budget allocation for capital expenditure
Source: BI-ME , Author: BI-ME staff
Posted: Thu May 28, 2009 12:15 pm
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SAUDI ARABIA. Research and Markets has announced the addition of the 'The Medical Device Market: Saudi Arabia' report to its offering.

The Saudi Arabian government capital health spending for 2009 will focused be on establishing new health centres, 86 new hospitals with a capacity of 11,750 beds and further development of the Saudi Red Crescent. This report is ideal for executives wanting to understand the key drivers in the medical market and have access to a wealth of statistical data, including five-year market projections. Included with the report are three free quarterly updated outlook reports, enabling you to keep up to date with market developments for a year.

Although the price of oil, which contributes significantly to the country's GDP, has been low, the Saudi government is continuing to invest heavily in health infrastructure development, which in 2009, was second only to education & manpower in terms of budget allocation for capital expenditure. Government capital health spending for 2009 will be on establishing new health centres, 86 new hospitals with a capacity of 11,750 beds and further development of the Saudi Red Crescent.

New healthcare facilities, coupled with the government's plan to recruit more healthcare personnel from overseas to work in these new centres, will inevitably see a spike in procurement of medical equipment and supplies and other capital goods needed for these new centres.

In 2007, the Saudi government established the National Company for Unified Purchase of Medicines and Medical Appliances, to act as the sole supplier of medicines and medical appliances to government health institutions. The company was set up to bring down the prices of medical devices and pharmaceuticals by preventing overcharging.

The SFDA have been given the task of developing and enforcing a regulatory system for medical devices. This will include establishing licensing procedures for manufacturers and suppliers. In what is a first step in developing a regulatory framework for medical devices, the SFDA in 2007 started the Medical Devices National Registry (MDNR), which is a voluntary web based project involving the registration of manufacturers, agents and suppliers in the country.

The government is working on expanding the health insurance sector, which in 2009, is valued at around SAR5 billion (US$1.3 billion). This is expected to increase by a further SAR2 billion (US$533 million) in the short term with new regulations introduced in January 2009 that will further expand the insurance scheme to Saudi nationals working in small and medium enterprises in the private sector. The large private sector companies already provide health insurance for their employers.

For more information visit www.researchandmarkets.com

 

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