Saudi Arabia Hospital Market Report 2023 to 2030

Saudi Arabia Hospital Market Analysis

$ 3999

The Saudi Arabia Hospital Market was valued at $93.49 Bn in 2023 and is predicted to grow at a CAGR of 9.1% from 2023 to 2030, to $172.01 Bn by 2030. The key drivers of this industry are burden of chronic diseases, government investments, and focus on preventive care. The key players in the industry are Dr. Sulaiman Al Habib Medical Group, Saudi German Hospitals Group, Elaj Group, and Kingdom Hospital among others.

ID: IN10SAHS052 CATEGORY: Healthcare Services GEOGRAPHY: Saudi Arabia AUTHOR: Avantika Gupta

Buy Now

Saudi Arabia Hospital Market Executive Summary

The Saudi Arabia Hospital Market is at around $93.49 Bn in 2023 and is projected to reach $172.01 Bn in 2030, exhibiting a CAGR of 9.1% during the forecast period.

Hospitals are essential pillars of our healthcare system. They provide a wide range of services to keep us healthy and cared for in times of illness or injury. Hospital services are delivered by a multidisciplinary team of healthcare professionals, including doctors, nurses, technicians, and support staff, all working together to diagnose, treat, and support patients on their journey to recovery. Hospitals invest in advanced medical technologies and equipment to meet the healthcare requirements of an aging population. This includes state-of-the-art diagnostic tools, surgical equipment, and telemedicine solutions, which contribute to hospital revenue growth. Overall, hospital services are pivotal in maintaining and promoting the health and well-being of individuals and communities by delivering comprehensive medical care and addressing a variety of healthcare needs.

The private sector hospitals, driven by competition and innovation, offer the latest medical technologies and personalized care. Patients often choose these institutions for their shorter wait times, luxurious amenities, and access to renowned specialists. While it comes with a price tag. On the other hand, public sector hospitals uphold the principle of healthcare as a fundamental right. They serve as safety nets for vulnerable and underserved populations, offering comprehensive healthcare services and research regardless of a patient’s financial means.

As of 2022, there are 493 hospitals in Saudi Arabia. The market therefore is driven by significant factors like burden of chronic diseases, government investments, and focus on preventive care. However, shortage of skilled professionals, high price, and limited access to healthcare services restrict the growth of the market.

The hospitals known for comprehensive medical services include Dr. Sulaiman Al Habib Medical Group and Kingdom Hospital. International Medical Center, Dallah Healthcare Company, and Elaj Group are also significant contributors to the Saudi Arabia Hospital Market.

Saudi Arabia Hospital Market Report 2023 to 2030

Market Dynamics

Market Growth Drivers

Burden of Chronic Diseases: The high prevalence of non-communicable diseases (NCDs) such as diabetes, obesity, and cardiovascular diseases in Saudi Arabia has increased the demand for hospital services. Cardiovascular diseases are the leading cause of NCD-related deaths in Saudi Arabia, accounting for 37% of total deaths. This has increased the need for specialized cardiac care, diagnostic procedures, and surgical interventions in hospitals.

Focus on Preventive Care: A shift towards preventative care is underway. Initiatives like the "Quality of Life Program 2020" aim to reduce obesity and diabetes, potentially leading to a rise in preventative screenings and early diagnoses requiring hospital services.

Government Investments: The Saudi Arabian Government has committed to developing the country's healthcare infrastructure, reorganizing and privatizing health services, and launching 21 "health clusters" across the country. This investment aims to increase the number of internationally accredited hospitals and improve the quality of preventive and therapeutic healthcare services.

Market Restraints

Shortage of Skilled Professionals: Saudi Arabia faces a shortage of qualified healthcare professionals, including doctors, nurses, and technicians. This can lead to long wait times for patients and limit the capacity of hospitals to provide timely and efficient care.

High Price: The prices of specialized medical equipment, devices, and pharmaceuticals are relatively high in Saudi Arabia compared to other countries. This can limit the affordability and accessibility of advanced healthcare services for some segments of the population.

Limited Access to Healthcare Services: The majority of hospitals and specialized medical centers are concentrated in major cities and urban centers, leaving many rural and remote regions underserved. This geographic isolation and limited availability of healthcare facilities in rural areas make it difficult for the population living in these regions to access quality hospital services

Regulatory Landscape and Reimbursement Scenario

The Ministry of Health (MOH) is the main regulator that oversees all healthcare-related activities and services in the country. Saudi Commission for Health Specialties (SCFHS) sets standards for healthcare education, training, and licensing of healthcare professionals. Healthcare facilities like hospitals and clinics must comply with licensing requirements and quality standards set by the MOH.

Diagnosis-Related Groups (DRGs) are gaining traction, particularly in public hospitals. This system assigns a fixed payment based on the patient's diagnosis and treatment category, aiming for more efficient resource allocation. The government has also set up the Program for Health Assurance and Purchasing (PHAP) to facilitate future reimbursement to public healthcare providers.

Competitive Landscape

Key Players

Here are some of the major key players in the Saudi Arabia Hospital Market:

Dr. Sulaiman Al Habib Medical Group
Saudi German Hospitals Group
Kingdom Hospital
National Medical Care Company
Middle East Healthcare Company
Elaj Group
International Medical Center
Dallah Healthcare Company
Al Hammadi Hospital
King Faisal Specialist Hospital & Research Centre

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 Hospital Market Segmentation

By Service Type

Inpatient Services
Outpatient Services

By Hospital Type

Private Hospital
Public Hospital

By Service Areas

Acute Care
Cardiovascular
Cancer Care
Neurorehabilitation & Psychiatry Services
Pathology Lab, Diagnostics, and Imaging
Obstetrics & Gynecology
Others

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.