Kingdom of Saudi Arabia Air Ambulance Market Size ,Share ,Industry Growth ,Key Players And Forecast To 2025| Grand View Research, Inc
“The Kingdom of Saudi Arabia air ambulance market size was estimated at USD 60.2 million in 2016 and is estimated to expand at a CAGR of 10.4% over the forecast period.�
The Kingdom of Saudi Arabia (KSA) air ambulance market size is expected to reach USD 146.8 million by 2025, according to a new report by Grand View Research, Inc., registering a 10.4% CAGR during the forecast period. Rise in per capita healthcare expenditure and increasing penetration of private hospital chains are some of the key factors contributing to market growth. Increasing prevalence of chronic diseases such as cardiac conditions, which demand emergency medical response, and improvement in medical infrastructure in entertainment and sports industries are also anticipated to boost the market. Disease prevalence of chronic disorders, especially cardiac disorders, is one of the major causes of death in Saudi Arabia. An estimated 42.0% of deaths in Saudi Arabia are due to cardiac disorders. Rapid socioeconomic growth in Middle Eastern countries has resulted in drastic lifestyle changes, which can be considered as a major reason for increasing prevalence of lifestyle disorders. The per capita healthcare expenditure in Saudi Arabia has increased by 80.7% since 1995, and as of 2014 it was found to be USD 1,147.45. This is anticipated to increase the demand for more innovative emergency medical service facilities. This, in turn, is expected to increase the demand for air ambulance services.
Browse Details of Report @ www.grandviewresearch.com/industry-analysis/kingdom-of-saudi-arabia-airambulance-market
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