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Report
Saudi Arabia Hospital Market, By Ownership (Public v/s Private), By Type (General, Specialty, Multi- Speciality), By Type of Services (In-Patient Services v/s Out-Patient Services), By Bed Capacity (Up to 100 beds, 100-500 beds, Above 500 beds), By Region, Company Forecast & Opportunities, 2027
Market Report (3 days for delivery) I 2022-05-01 I 73 Pages I TechSci Research
Saudi Arabia hospital market is anticipated to grow at a formidable CAGR during the forecast period. The growth can be attributed to the increasing incidences of chronic disorders such as diabetes, cardiovascular diseases, neurological diseases, etc., due to sedentary lifestyle, poor eating habits, increased consumption of tobacco, etc. Rising health awareness and growing personal disposable income of middle-class population in the country are creating lucrative opportunities for the advanced hospitals in Saudi Arabia adding to the growth of hospital market. Growing presence of advanced diagnostic technology and rising innovations in the drug development are contributing to the Saudi Arabia hospital market growth significantly. Increased investments by the government to enhance healthcare infrastructure in the country and improved quality and service for better outcomes are boosting the growth of Saudi Arabia hospital market. Free healthcare services provided to the Saudi Arabia residents under national health insurance plans and privatization of public healthcare facilities are further expected to facilitate the growth of Saudi Arabia hospital market in the coming five years. Rising number of medical innovations, advanced diagnostic technology for early detection of diseases and research aid, as well as emergence of various cutting-edge medical institutions in the country are fueling the growth of Saudi Arabia hospital market. Companies dealing with pharmaceuticals, healthcare management facility, medical consumables, term care services, etc. are growing their consumer base, providing them a wide array of products and services for improved quality of life, which is aiding the growth of Saudi Arabia hospital market.
Saudi Arabia hospital market is segmented into ownership, type, type of services, bed capacity, regional distribution, and company. Based on ownership, the market can be further divided into public and private. The private segment is anticipated to dominate the Saudi Arabia hospital market owing to factors such privatization of public hospitals and expansion of private health insurance coverage.
Top companies in the Saudi Arabia hospital market are Middle East Healthcare Co., King Faisal Specialist Hospital and Research Centre, National Guard Health Affairs Hospital, Riyadh Military Hospital, Royal Commission Hospital, Abeer Medical Group, King Fahad Medical City, King Saud University Medical City, Dr. Sulaiman Al Habib Medical Group, Al Mouwasat Hospital, among others. Major companies are making significant efforts, both in terms of revenue & marketing strategies, to increase focus on specialty services and cancer care as well as increasing collaborations to sustain growth in the Saudi Arabia hospital market.
Years considered for this report:
Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022E
Forecast Period: 2023F2027F
Objective of the Study:
To analyze the historical growth in the market size of Saudi Arabia hospital market from 2017 to 2021.
To estimate and forecast the market size of Saudi Arabia hospital market from 2022E to 2027F and growth rate until 2027F.
To classify and forecast Saudi Arabia hospital market based on ownership, type, type of services, bed capacity, regional distribution, and company.
To identify dominant region or segment in the Saudi Arabia hospital market.
To identify drivers and challenges for Saudi Arabia hospital market.
To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Saudi Arabia hospital market.
To identify and analyze the profile of leading players operating in Saudi Arabia hospital market.
To identify key sustainable strategies adopted by market players in Saudi Arabia hospital market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of hospitals across Saudi Arabia. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the hospitals who could not be identified due to the limitations of secondary research. TechSci Research analyzed the hospitals and presence of all major players across Saudi Arabia.
TechSci Research calculated the market size of Saudi Arabia hospital market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these hservices for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
Hospital companies
Market research and consulting firms
Government bodies such as regulating authorities and policy makers
Organizations, forums and alliances related to hospital market
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as hospitals, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, Saudi Arabia hospital market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Saudi Arabia Hospital Market, By Ownership:
o Public
o Private
Saudi Arabia Hospital Market, By Type:
o General
o Specialty
o Multi- Speciality
Saudi Arabia Hospital Market, By Type of Services:
o In-Patient Services
o Out-Patient Services
Saudi Arabia Hospital Market, By Bed Capacity:
o Up to 100 beds
o 100-500 beds
o Above 500 beds
Saudi Arabia Hospital Market, By Region:
o Western Region
o Northern & Central Region
o Eastern Region
o Southern Region
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Saudi Arabia hospital market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a companys specific needs. The following customization options are available for the report:
Company Information
Detailed analysis and profiling of additional market players (up to five).
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Voice of Customer
5. Impact of COVID-19 on Saudi Arabia Hospital Market
6. Saudi Arabia Hospital Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Ownership (Public v/s Private)
6.2.2. By Type (General, Specialty, Multi- Speciality)
6.2.3. By Type of Services (In-Patient Services v/s Out-Patient Services)
6.2.4. By Bed Capacity (Up to 100 beds, 100-500 beds, Above 500 beds)
6.2.5. By Company (2021)
6.2.6. By Region
6.3. Product Market Map
7. Saudi Arabia Public Hospital Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Type
7.2.2. By Type of Services
7.2.3. By Bed Capacity
8. Saudi Arabia Private Hospital Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Type
8.2.2. By Type of Services
8.2.3. By Bed Capacity
9. Market Dynamics
9.1. Drivers
9.2. Challenges
10. Market Trends & Developments
11. Policy & Regulatory Landscape
12. Saudi Arabia Economic Profile
13. Competitive Landscape
13.1. Middle East Healthcare Co.
13.2. King Faisal Specialist Hospital and Research Centre
13.3. National Guard Health Affairs Hospital
13.4. Riyadh Military Hospital
13.5. Royal Commission Hospital
13.6. Abeer Medical Group
13.7. King Fahad Medical City
13.8. King Saud University Medical City
13.9. Dr. Sulaiman Al Habib Medical Group
13.10. Al Mouwasat Hospital
14. Strategic Recommendations
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