Investing in a medical cotton and gauze factory in Saudi Arabia. investment opportunities in 2022. Especially in light of the Kingdom of Saudi Arabia’s Vision 2030 to advance the national economy. Strengthening the non-oil economy. and strive to occupy a prominent position among global economies.
What is medical gauze and cotton?
The medical cotton and gauze factory. manufactures cotton balls that are used for medical purposes to stop bleeding. and disinfect wounds. It is also used for cosmetic purposes to apply or remove makeup. The cotton balls are soft enough to clean children. The medical cotton and gauze factory provides. Various versions of medical gauze and cotton to suit different needs. As well as scented wipes. The factory targets wholesalers and retailers hospitals and medical centers. and schools and universities.
According to the latest studies from Mashreq Consulting, Inc. By 2030, the demand for medical gauze and cotton products in Saudi Arabia will increase. Saudi Arabia’s imports of gauze and medical cotton will amount to about $276.46 million. Therefore, Mashreq consultants suggest that investing in a medical cotton and gauze factory in Saudi Arabia is a promising investment.
Health Sector Indicators in Saudi Arabia
In 2020. Saudi Arabia imported pharmaceutical products worth an estimated $5.61 billion annually. of which $138.27 million is for medical disposables such as gauze, medical cotton, etc. In 2021 AD, the value of what the Kingdom imported from these consumers was estimated at 156.83 million dollars.
In conjunction with rising demand for medical services and the growth of the healthcare sector, the Saudi medical technology market is estimated to be worth $5.4 billion. It is expected to grow by 6% annually.
For more details on the latest economic indicators and investment opportunities in Saudi Arabia, click here. The most prominent funding organizations supporting successful investment projects in Saudi Arabia. You can get in touch with the investor service team from Mashrok Consulting.
