Healthcare

Opportunities

  • The global healthcare market has projected significant growth historically at a CAGR of 7.3% (2014-2018) and is expected to grow at 8.9% CAGR until 2022, driven by rapid growth in the elderly population, strong economic growth in emerging markets, and health insurance reforms globally. Within healthcare, the biggest segment is healthcare services with a CAGR of +9% globally with a high focus of involvement of breakthrough research and clinical facilities to improve and transform the healthcare industry across the world

  • Saudi Arabia and the GCC has strong demand for treating high-prevalence disease

Portfolio companies in this sector

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Progress

Outcomes through supporting portfolio companies in achieving their business objectives by

  1. Signed Memorandum of Understanding (MoU) with Ministry of Defense (Medical Services) to execute the mandate regarding procurement, contract management, and budget transfer.

  2. Agreed with Center of Spending Efficiency (CSE) for NUPCO to be the strategic purchasing unit in the medical field.

  3. PIF announced Badael to produce innovative new reduced-risk alternatives to combat smoking-related diseases, aiming to help nearly 1 million people in Saudi Arabia quit smoking by 2032.

  4. PIF announced the Pharmaceutical Investment Company (Lifera), a commercial-scale contract development and manufacturing organization that will enable the growth of the local biopharmaceutical industry.

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