Marketsmonitor Releases Report on Saudi Arabian Healthcare Market Forecast to 2012
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According to a new report, “Saudi Arabian Healthcare Market Forecast to 2012”, the Saudi Arabian healthcare market is witnessing rapid growth and will continue to expand exponentially in future. The country’s rapidly increasing population, due to which demand is outpacing supply, can be regarded as the main push for the market. And as the incidences of a number of lifestyle diseases, such as obesity, diabetes and hypertension, in the country amongst the highest in the world, these will significantly boost the healthcare spending in future.
Government plays a central role in providing healthcare services in the kingdom, accounting for around 75% of the total healthcare spending in the country. The government accounted for 67% of the total hospitals and 77% of the total hospital beds in the country in 2006. The government expenditure on healthcare, however, is increasing faster than its total income; as a result, government may resort to cost cutting measures in future.
The report says that due to increasing pressure on the public healthcare system, the government is rapidly promoting the involvement of private healthcare in the country. So big investment will be seen from the private sector in the forecasted period, and according to our estimates, the private sector will account for 62% for all new beds installed during 2006-2012.
However, slump in crude oil prices due to economic recession can hit the nation’s economy. But the fast diversification of the country’s economy into other sectors will provide it a buffer against the severe impact of economic turmoil. Despite some challenges such as shortage of skilled workers, dependency on oil and bureaucratic issues, the market’s future will remain bright with all three sectors – hospital services, pharmaceuticals and medicals devices – expected to show sustained growth.
“Saudi Arabian Healthcare Market Forecast to 2012” gives an extensive and objective analysis on the Saudi Arabian healthcare market. It has segmented the healthcare industry into hospital services, pharmaceuticals and medical devices. It provides analytical and statistical information on these segments, including their market size, demand, supply, segmentation and key players. It also features an analysis on the future directions, supplemented with facts and figures. Thus, the report serves as a useful guide for healthcare companies, government officials, consultants and investors who are planning to enter the Saudi Arab healthcare market.
Our report provides forecast on
- Macroeconomic indicators
- Demographic and healthcare indicators
- Healthcare spending
- Demand for hospital beds
- Pharmaceutical market
- Medical devices market
Key questions answered in the report
- Which factors are driving the Saudi Arabia healthcare market?
- What is the past and present size of the healthcare market?
- What is the role of public and private sectors in providing healthcare?
- What is the total supply and demand for hospital services in Saudi Arab?
- What will be the demand, investment and infrastructure scenario in the hospital services market?
- What is the total size and future outlook of the pharmaceutical market?
- Who are the key players operating in the pharmaceutical market?
- What is the total size and future outlook of the medical devices market?
- What are the key challenges faced by the Saudi Arabia healthcare market?
For More detail Please Visit :- http://www.marketsmonitor.com/Report/IM173.htm
Question and Answer
Healthcare becomes universal then what happens to people like me that work in healthcare?
If healthcare gets revamped will I get CUT IN PAY? I am a X-ray tech. When everybody can afford healthcare, will I loose money?
I am confused if revamping healthcare is bad or good for me. I am for everybody getting great healthcare, but not for a pay cut that I worked hard for!
18 Comments
December 27th, 2009 at 10:32 am
First, I doubt that healthcare will become universal.
Second, I see no reason why you as a X-ray technician should lose pay…ompare it to salaries in France & other places where they have universal health care.
December 27th, 2009 at 10:51 am
If you are business saavy you may consider being on the administrative side of healthcare. Physicians are required to bill with special codes called CPT-4 codes that describe services that they provide to patients. There are also codes to describe every diagnosis.
In order for the physicians to obtain payment for services these codes must be submitted in a timely fashion to insurance companies and they must be within the scope of usual practices.
Insurance companies also deny payment to the physicians more often than not and they need people to fight for their money.
Administrators allow physicians to concentrate of helping patients without the nagging concern of redtape and paperwork.
There are also budgeting, managerial and operational issues in healthcare offices or other settings that are handled by these professionals.
You may consider obtaining a masters in heatlh administration. Please refer to http://www.ache.org.
December 27th, 2009 at 10:08 am
crazyyyyyyyy stuff man i like it a lot. i expeccially love that blunt.
December 27th, 2009 at 5:18 pm
Don't get sick!
December 27th, 2009 at 11:11 am
Hello, Williams! How’s everything? Fine, I hope =)
Another great work… wow!… AMAZING !!! Also, fine Piano tune! 5 *****
Take care!
December 27th, 2009 at 9:06 pm
Man, you’re good at that.
I like your subject matter, too.
I can write music til the cows come home but I always tell people that I can’t “draw water”. haha.
Thanks for the invite. Rare treat.
December 28th, 2009 at 12:12 am
Johnny Depp reminds me so much of John Barrymore.
December 28th, 2009 at 9:28 am
Hospitals carry liability insurance for their nurses. It is unlikely that a nurse will get sued unless she/he does something very deliberate and intentional to harm a patient.
December 29th, 2009 at 2:35 am
That would probably be private information. HMO's have fee schedules that list what they allow for certain procedures, but that's probably not available except to providers. They don't "look at information" – they have set schedules, for the most part.
Why would that be important to you in looking for a possible career??
December 29th, 2009 at 8:51 am
I am from Canada where medical coverage is free for everyone,regardless of whether you work or not.
December 29th, 2009 at 2:46 am
lemme just say… you are my new hero.
December 29th, 2009 at 12:10 pm
I am English and now live in California. Like most people I thought that there was a huge tax burden in Britain, but after coming here I now think that's not the case.We pay two forms of tax from our wages:Income tax and National insurance. Your income tax is tax like everywhere else, national insurance pays for your pension and healthcare. I have lived in England all my life up till now and I will fiercely defend our healthcare system, the NHS (national health service). In thanks largely to the effort of our heroic doctors and nurses (and all other staff) the NHS survives….the healthcare is nothing like as bad as people make out, and there are no long waiting lists anymore (now if you're waiting more than six months for routine surgery they'll send you abroad to have it done, paid for of course). No-one pays anything for medical care and the one reason it's under stress (As a healthcare proffesional I know this from experience) is the fact that something built as a national health service is used as a world health service. People come to the UK from all over Europe to take advantage of the NHS and from all over the world. I would like to see treatment restricted to citizens/people who have paid at least 5 years national insurance contributions but at the same time I would never ever want to see anyone, citizen or not, turned away or denied medical care because of money. I'm fortunate enough to be able to afford health insurance in the US but the amount hospitals/doctors charge is disgusting and I don't really understand why people are so opposed to universal health care, can you really put a price on life?
By the way income tax is 20% of anything you earn over about 5 and a half thouse pounds ($11k) and national insurance is 11% of anything you earn over 84pounds a week ($160) And people have the option of private healthcare in england too if they want to pay for it
December 29th, 2009 at 7:27 am
prodigious!
December 29th, 2009 at 5:29 pm
Since the drug companies became privatized, there have been far, far less cures than when it was government controlled. Drug companies only want symptom relievers, since they will be reused over and over, whereas cures are not needed once the problem is gone. No money in cures. Drug companies are more interested in Marketing. Obscene amounts go into marketing. At least thousands if not millions are spent on just pens, clocks, notepads, lunches, clipboards, and a ton of little practically useless stuff they give away for the sole purpose of having the name all around the dr. You should go in a dr's office and just look at the amount of stuff with a drug name on it. That is only a small fraction. The government should really take back the pharmaceutical industry, that would definitely lower regular health insurance prices.
If universal health care is brought in, it doesn't mean you can't get regular health insurance. Considering how very little the health insurances pay out ($0.67 on a $10 charge) I highly doubt that the doctors income would be impacted negatively.
I think universal health care would be a great thing. And this is coming from someone who would probably have to find a new job. You don't see the people who come in who don't have to money to get seen. People who are already sick, dying, and still getting harassed about payments. There are already tons of people who die because they just didn't have the money for a doctor. What is a couple of days wait to that?
6 months is quite far fetched. I was in the military, and the same type of system ran. Health care was FREE and there were no massive wait times.
The only valid complaint that I have heard is that you would not always be able to see the same doctor. Not exactly a big deal.
It could very well be that some doctors could choose to take more regular health insurance patients, and then you could have one of those for your regular doctor.
As atrocious as regular health insurance is, most doctors take most of them. Why? To boost the number of patients. Universal health care could work the same way.
Universal health care will certainly not stop the advancement of medicine. With a little less fear involved, it may even enhance it. Besides, that sounds an awful lot like you want to believe the US is the only place in the world who has helped medicine. Nope.
Would you give up your career to keep universal health care from coming?
That's how strongly I support it.
December 30th, 2009 at 4:23 am
An option to consider is traveling overseas for your dental work. I am originally from Los Angeles, but have been living in Monterrey, Mexico for about 2 years now. I have had regular dental visits and am VERY impressed with the quality of the facilities and the doctors. The best part is that dental work is about 50% less expensive here than it is in the U.S! Monterrey, Mexico is just two hours south of Texas, so it is very easy to get to wherever you are. And, you can always combine your visit with a vacation! If this is something that interests you, check out http://www.travelforcare.com a Medical Travel facilitator that will help you with all the details.
December 30th, 2009 at 2:10 am
Goshh…. gus is right!! this is amazing & you are so amazing!!
Beautiful…
December 30th, 2009 at 5:49 am
really cool.
December 30th, 2009 at 7:13 am
Wow! Seriously, that looks like real picture!