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Business Opportunities in the Arabian Gulf Medical Device and Equipment Markets Accelerated By Growth in Population

Posted on: Wednesday, 13 July 2005, 06:00 CDT

Research and Markets (http://www.researchandmarkets.com/reports/c20705) has announced the addition of Medical Device Markets in the Gulf States to their offering

The five main Gulf markets represent an import-dependent marketplace for medical products worth US$800 million a year - and growing!

Business opportunities in the Arabian Gulf medical device and equipment markets are very different from a few years ago.

The oil boom in the 1970s saw significant health investment, with new facilities and state of the art technology. Since then fluctuating oil prices, two regional wars and a shift in social/political expectancy has brought about a much changed operating environment. The days of free health services have gone. A large migrant population and expansion of primary care services are seeing health insurance and private investment on the rise.

Expansion and modernisation

Each market is engaged in modernising its health facilities and, particularly, expanding primary provision and upgrading tertiary facilities. This is due to the need to update ageing fabric and technology and also to provide a greater capacity to meet the needs of both rural and urban populations.

Population increase - a driving force for health investment

One of the most significant forces driving expansion of Gulf health systems is the rapid growth in population - fuelled by indigenous population increase and the significant number of migrant workers employed in the region. Over five years, the collective population has risen from 28.6 million to an estimated 34.1 million in 2005. Some markets, such as Saudi Arabia, have seen a 5-year rise in population of 3.3% - or 3.7 million health consumers.

Import dependent markets provide good opportunities

All 5 markets are dependent on imports of medical devices and equipment. Even markets like the UAE and Saudi Arabia, which do have some domestic manufacturing capacity, still import 90% of their medical products.

This report tackles key issues and analyses the markets

In addition to highly detailed analysis of each market, the report provides a thought-provoking and comparative examination, putting opportunities into their current and future context

Contents Include:

REGIONAL OVERVIEW

A comprehensive overview of the 5 markets, providing rankings and comparisons in both regional and international context

MEDICAL DEVICE MARKET OUTLOOK

Current market size

Unique 5-Year market projections

by technology category

Market outlook

Market structure

Market developments, covering recent and impending development in respect to key issues such as regulation, health facilities and government policy

Key national data projections

International market comparisons

BACKGROUND DATA

Population data, including growth trends and age structure

Demographic indicators detailing principal causes of death and morbidity

HEALTHCARE SYSTEM

Healthcare organisation

Health expenditure

Expenditure by source of funding and type.

Hospital services

Hospital data such as beds by type, region, specialty, patient admissions, occupancy and surgical procedures.

Outpatient care

Medical personnel

Data on healthcare professionals covering such areas as doctors by specialty, nursing staff and dentists.

ACCESSING THE MARKET

Market size, regulations, trade fairs and domestic producers. Statistical data on imports and exports for over 25 key medical product areas

Profiles and full contact details for key medical distributors

For more information visit http://www.researchandmarkets.com/reports/c20705

Source: Business Wire

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