Healthcare Industry Accelerated by Merger and Acquisition
Increasing rate of merger and acquisition have led to significant opportunity for Healthcare Industry in Saudi Arabia, says RNCOS in its latest research report.
The Healthcare market in the kingdom has witnessed significant growth in recent years on account of rising demand for healthcare services driven by expanding population base of the country and increased incidence of lifestyle related diseases. Fuelled by increased spending in healthcare, the government intends to significantly increase the quality of healthcare services in the kingdom.
According to our report, “KSA Healthcare Market Outlook 2022”, mergers and acquisition have shown an upward trend in the Kingdom. In past, the country has witnessed Aster DM Healthcare acquisition with stake of 97% in Sanad Hospital. Recently, the company announced of either investing in building or acquiring existing healthcare facilities by 2022.
The kingdom of Saudi Arabia is expected to be amongst the lucrative markets for the healthcare sector through both private sector investments as well as those encouraged by the Saudi government’s decision to bring in private players to cater to its healthcare sector.
Further, significant developments in the regulatory environment, growing government initiatives and heavy investments towards health services infrastructure have enabled the country’s healthcare industry to surge thereby encouraging investments and interest of public and private players in the healthcare industry.
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