The Saudi Arabian medical devices market is forecasted to grow at a CAGR of around 12% during 2010-2012 riding on strong investments in the healthcare infrastructure made by the government and private players, according RNCOS new research report.

The research report ‘Saudi Arabian Healthcare Market Forecast to 2012,’ says the affordability factor will manipulate the growth of the market.

Imported devices market, which acquired an estimated share of around 78% in 2009, although government has done a lot to promote the local manufacturing of medical equipment and supplies, is expected to remain almost same by 2012.

RNCOS is a market research consulting services company specializing in Biopharma, IT & Telecom, Retail and Services industries.