Saudi Arabia Home Healthcare Market Report 2022 to 2030

Saudi Arabia Home Healthcare Market Analysis

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The Saudi Arabia home healthcare market was valued at $6.16 Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 9.43% from 2022 to 2030 and will reach $12.67 Bn in 2030. One of the main reasons propelling the growth of this market is the introduction of newer technologies and the ageing population. The market is segmented by indication and product. Some key players in this market are Saudi Home Healthcare Society, Fresenius Medical Care AG & Co KGaA, General Electric, LINDE, F. HOFFMANN-LA ROCHE, SALAM Al-Motamayeza Medical Services Co.

ID: IN10SAHS010 CATEGORY: Healthcare Services GEOGRAPHY: Saudi Arabia AUTHOR: Nandini Shah

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Saudi Arabia Home Healthcare Market Executive Summary

The Saudi Arabia home healthcare market was valued at $6.16 Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 9.43% from 2022 to 2030 and will reach $12.67 The growing number of senior citizens contributes to an increase in demand for home healthcare products and services. The population and its variety are the most important predictors of future healthcare needs. At the moment, 23 million individuals (69% of the total population) are under the age of 40, and this figure is expected to climb to 28 million by 2030. Only 5.5% of the population (1.8 million) is over 60, but that figure is expected to climb to 11.1% (4.9 million) by 2030. The expected increase in geriatric populations will drive the demand for senior citizen services such as long-term care, rehabilitation, and home care in the future years.

The Saudi Arabian government has implemented various policies to support the growth of the home healthcare sector, including investment in healthcare technology and the development of telehealth services. The goals of home health care services are to assist persons in improving function and living with greater independence; promote the client's optimal level of well-being; and assist the patient in remaining at home, avoiding hospitalization or admission to long-term care institutions.

Market Dynamics

Market Growth Drivers

The home healthcare market in Saudi Arabia is growing as more individuals seek cost-effective and convenient healthcare solutions, rather than relying on hospital-based care. The Saudi Arabian government has implemented policies and initiatives to support the growth of the home healthcare sector, including investment in healthcare technology and the development of telehealth services. Technological advancements have made healthcare devices portable, user-friendly, and more convenient for patients at home or traveling. The introduction of newer technologies in this market has greatly boosted the current communication flow between patients and healthcare providers, enabling better, faster, and more effective care.

Market Restraints

Many localities in Saudi Arabia lack the required infrastructure to deliver home healthcare services, such as adequate transportation and communication systems. Many home healthcare providers may not have access to the most recent home healthcare technologies and advancements, which limits the breadth of services they can offer. Because care in the home is typically less supervised than care in a health center, it involves additional health-related dangers. It also includes unregulated workers, family members, and caretakers in an environment designed for daily life rather than delivering regulated healthcare. Also, the aging population in Saudi Arabia is increasing the demand for home healthcare services, as older individuals are more likely to require assistance with daily living activities and medical care.

Competitive Landscape

Key Players

Saudi Home Healthcare Society
Fresenius Medical Care AG & Co. KGaA
General Electric
LINDE
F. HOFFMANN-LA ROCHE
SALAM Al-Motamayeza Medical Services Co.
VitalAire Saudi Arabia
Abbott
AlBait Home Care
Caresa Home Care
FAKEEH Home Health Care
Air Liquide

Notable Deals

On September 21, Roche announced the signing of a definitive share purchase agreement to acquire 100% of the TIB Molbiol Group's outstanding shares. Linde Plc announced that it signed a record 36 new small on-site contracts in 2020, a 20% increase over the previous year despite a more difficult economic environment.

Healthcare Policies and Regulatory Landscape

The Saudi Ministry of Health launched the Health Sector Transformation Program in 2022 as part of Vision 2030, assuring that sustained improvement of healthcare services and development of healthcare infrastructure will remain a top national goal.

The government intends to invest US$66.67 billion in healthcare infrastructure by 2030, increasing private sector participation from 40% to 65% by 2030, with the privatization of 290 hospitals and 2,300 primary healthcare clinics as a priority.

Saudi Arabia is likewise preparing itself to become one of the region's fastest-growing digital health sectors including home healthcare services. The government has set aside $1.5 billion for healthcare IT and digital transformation initiatives. Digital technologies provide remote patient monitoring and essential early treatments, allowing healthcare professionals to enhance efficiency and cut costs.

1. Executive Summary
1.1 Service Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Healthcare Services Market in Country
1.6 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Services
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Saudi Arabia Home Healthcare Market Segmentation

By Device Type (Revenue, USD Billion):

Based on the Device Type the market is segmented into Testing, Screening, Monitoring Devices, Therapeutic Home Healthcare Devices, and Mobility Assist.

Testing, Screening, and Monitoring Device
Blood Glucose Monitors
Blood Glucose Monitors
Blood Pressure Monitors
Heart Rate Monitors
Temperature Monitors
Sleep Apnea Monitors
Coagulation Monitors
Ovulation and Pregnancy Test Kits
Pulse Oximeters
Home Hemoglobin A1C Test Kit

Therapeutic Home Healthcare Devices
Oxygen Delivery Systems
Nebulizers
Ventilators
Sleep Apnea Therapeutic Devices
Wound Care Products
IV Equipment
Dialysis Equipment
Insulin Delivery Devices
Inhalers
Other Therapeutic Products (ostomy devices, automated external defibrillators (AEDs)

Mobility Assist
Walkers and Rollators
Wheelchairs
Canes
Crutches
Mobility Scooters

By Service Type (Revenue, USD Billion):

Skilled Nursing Services
Rehabilitation Therapy Services
Hospice and Palliative Care Services
Unskilled Care Services
Respiratory Therapy Services
Infusion Therapy Services
Pregnancy Care Services

By Indication Type (Revenue, USD Billion):

Cardiovascular Disorders & Hypertension
Diabetes
Respiratory Diseases
Pregnancy
Mobility Disorders
Hearing Disorders
Cancer
Wound Care
Other Indications (sleep disorders, kidney disorders, neurovascular diseases, and HIV)

Methodology for Database Creation

Our database offers a comprehensive list of healthcare centers, meticulously curated to provide detailed information on a wide range of specialties and services. It includes top-tier hospitals, clinics, and diagnostic facilities across 30 countries and 24 specialties, ensuring users can find the healthcare services they need.

Additionally, we provide a comprehensive list of Key Opinion Leaders (KOLs) based on your requirements. Our curated list captures various crucial aspects of the KOLs, offering more than just general information. Whether you're looking to boost brand awareness, drive engagement, or launch a new product, our extensive list of KOLs ensures you have the right experts by your side. Covering 30 countries and 36 specialties, our database guarantees access to the best KOLs in the healthcare industry, supporting strategic decisions and enhancing your initiatives.

How Do We Get It?

Our database is created and maintained through a combination of secondary and primary research methodologies.

1. Secondary Research

With many years of experience in the healthcare field, we have our own rich proprietary data from various past projects. This historical data serves as the foundation for our database. Our continuous process of gathering data involves:

Analyzing historical proprietary data collected from multiple projects.
Regularly updating our existing data sets with new findings and trends.
Ensuring data consistency and accuracy through rigorous validation processes.

With extensive experience in the field, we have developed a proprietary GenAI-based technology that is uniquely tailored to our organization. This advanced technology enables us to scan a wide array of relevant information sources across the internet. Our data-gathering process includes:

Searching through academic conferences, published research, citations, and social media platforms
Collecting and compiling diverse data to build a comprehensive and detailed database
Continuously updating our database with new information to ensure its relevance and accuracy

2. Primary Research

To complement and validate our secondary data, we engage in primary research through local tie-ups and partnerships. This process involves:

Collaborating with local healthcare providers, hospitals, and clinics to gather real-time data.
Conducting surveys, interviews, and field studies to collect fresh data directly from the source.
Continuously refreshing our database to ensure that the information remains current and reliable.
Validating secondary data through cross-referencing with primary data to ensure accuracy and relevance.

Combining Secondary and Primary Research

By integrating both secondary and primary research methodologies, we ensure that our database is comprehensive, accurate, and up-to-date. The combined process involves:

Merging historical data from secondary research with real-time data from primary research.
Conducting thorough data validation and cleansing to remove inconsistencies and errors.
Organizing data into a structured format that is easily accessible and usable for various applications.
Continuously monitoring and updating the database to reflect the latest developments and trends in the healthcare field.

Through this meticulous process, we create a final database tailored to each region and domain within the healthcare industry. This approach ensures that our clients receive reliable and relevant data, empowering them to make informed decisions and drive innovation in their respective fields.