Healthcare Market Update – July 2021
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Saudi Arabia’s healthcare sector accounts for SAR187.6 billion ($50 billion) in annual economic activity and has risen steadily from 3.7 percent of GDP in 2010 to 6.4 percent of GDP in 2018. The government has guided the healthcare sector’s development through programs such as the National Transformation Plan (NTP) and the Ministry of Health’s (MoH) Transformation Strategy to meet growing demand for health services, control the government’s cost burden, and expand accessibility and quality of national healthcare. Changing lifestyles and demographics, including a growing population, a greater proportion of elderly Saudis, and a rising occurrence of non-communicable and chronic diseases have placed greater demands on the Kingdom’s healthcare sector.