The Middle East is experiencing rising demand for high quality, innovative healthcare solutions. This is particularly true for the region’s largest healthcare market – Saudi Arabia.
Saudi entities are increasingly willing to invest in healthcare companies overseas in order to source solutions and expertise that could meet the needs of the Saudi market. Healthcare is a top priority for the Saudi government, with budgeted expenditures in the healthcare sector totalling 42.67 billion USD in 2015. This represents a 48 percent growth over 2014 figures – despite the budget deficiencies and economic turmoil caused by the oil price crash in 2015.
Rising awareness of health issues and demand for healthcare services has led to a strong market for medical devices, currently worth an estimated 2 billion USD and projected to grow by 10 percent annually.
The 2015 state budget in Saudi Arabia included investments to fund the construction of three hospitals, three blood banks, 11 primary healthcare centres, 10 comprehensive care clinics, and five tertiary-care medical cities.
The Saudi government plans to improve the efficiency and quality of service of its healthcare industry, and is seeking the help of US healthcare companies and technology partners that can contribute to this process.
US healthcare products that are in high demand in Saudi Arabia include not only pharmaceuticals and medical equipment, but also monitoring systems, blood bank equipment and electro-medical equipment like x-ray machines, optical and dental equipment, orthopaedic equipment and therapeutic appliances.
Saudi investors who are planning to make significant deployments in the US healthcare market often turn to trusted facilitators to source high-potential opportunities. Naseba has spent over a decade building close relationships with investors around the world, including Saudi Arabia. Our analysts conduct daily phone calls with these investors, and fully understand their needs and mandates.
On December 7th, 2016, in Shanghai, Naseba will be organising the US Healthcare Investment Meeting. At the meeting, pre-screened Middle Eastern investors will be introduced to pre-qualified US healthcare opportunities.
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