Market challenges weigh on Saudi healthcare firms
Saturday, 08 26 2017, Category: Health, Country: Saudi Arabia
The short- to medium-term macro outlook for Saudi Arabia’s healthcare sector is weak, given broader market challenges like expatriate fees that pose a risk for overall growth prospects, Bahrain-based SICO said in a report on Thursday.
Saudi Arabia’s private healthcare market depends mainly on expatriates owing to mandatory private insurance requirement, the report noted.
“Additionally, big ticket reforms like privatization of government hospitals and compulsory insurance for Saudi nationals, are likely to take time in our view,” the brokerage added.