The global biomedical refrigerators and freezers market is slated to magnify at a strong CAGR of 4.2% over the period amid 2016 and 2024. The market, which was worth $2.91 billion in 2015, is predicted to upswing to $4.28 billion by 2024…
BMI View: The gradual economic recovery will support the government's plans within the healthcare
sector; however, political instability poses the greatest risk to our outlook. Kuwait's political backdrop is
complicated by labour and population imbalances, as well as a parliament which has consistently blocked
the government's reform efforts. While these healthcare reforms are still likely to be implemented, changes
to the election law reform mean they are vulnerable to lengthy delays as political tensions continue to
Headline Expenditure Projections
? Pharmaceuticals: From KWD300mn (USD1.0bn) in 2015 to KWD310mn (USD1.03bn) in 2016; +4.9%
in local currency terms and +2.9% in US dollar terms. Forecast revised downward from Q316.
? Healthcare: From KWD1.61bn (USD5.34bn) in 2015 to KWD1.74bn (USD5.68bn) in 2016; +8.4% in
local currency terms and +6.3% in US dollar terms. Forecast revised downward from Q316.