Saudi Arabia Palliative Care Market Analysis Report 2022 to 2030

Saudi Arabia Palliative Care Market Analysis

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Saudi Arabia's Palliative care market is projected to grow from $222.36 Mn in 2022 to $459.59 Mn by 2030, registering a CAGR of 9.5% during the forecast period of 2022-30. The main factors driving the growth would be an increasing aging population, a rise in the prevalence of chronic diseases, and government support. The market is segmented by service type and by the end user. Some of the major players include King Fahad Medical City, King Faisal Specialist Hospital, and Research Center, Salam Medical, and others.

ID: IN10SAHS013 CATEGORY: Healthcare Services GEOGRAPHY: Saudi Arabia AUTHOR: Neha Davda

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Saudi Arabia Palliative Management Market Executive Summary

Saudi Arabia's Palliative care market is projected to grow from $222.36 Mn in 2022 to $459.59 Mn by 2030, registering a CAGR of 9.5% during the forecast period of 2022-30. Saudi Arabia spent 5.69% of its GDP on public health care in 2019, amounting to $1,316.26 per person. There are several prospects for advancement in this high-potential sector, and the Saudi government continues to place a strong priority on healthcare.

Palliative care is an approach to helping patients and their families who have terminal diseases. Detecting and treating pain as well as other physical, psychological, and spiritual issues as soon as possible is the goal of palliative care services, which seek to prevent and alleviate suffering. The team approach used in palliative care also supports patients' professional lives. This comprises attending to patients' practical requirements and putting in place a support system to enable them to have as full of an active a life as they can before passing away. Palliative care is needed for a variety of chronic illnesses, including cancer, chronic lung ailments, diabetes, kidney failure, chronic liver disease, and others.

The development of palliative care in the Middle East is still in its early stages. The King Faisal Specialist Hospital and Research Centre (KFSH&RC) in Riyadh launched the palliative care program in Saudi Arabia more than 20 years ago. Since that time, the field has gradually grown.

saudi arabia palliative care market analysis

Market Dynamics

Market Growth Drivers

The Saudi Arabia palliative care market is expected to be driven by factors such as an increasingly aging population, a rise in the prevalence of chronic diseases, and government support. A nationwide palliative care strategy was implemented by the Saudi Arabian government in 2010 as part of its efforts to enhance palliative care services. This plan intends to increase nationwide access to palliative care services. Additionally, to make end-of-life care more patient-centered, a new end-of-life model of care called "Support me in the last phase of my life" was established in 2017.

Market Restraints

The general public has minimal knowledge of end-of-life cancer care and palliation because the emphasis is on a cure, even though Saudi Arabia has achieved significant advancements in the field of palliative care. Additionally, the lack of some administrative divisions (such as the departments of palliative care and religious affairs) as well as the absence or scarcity of crucial services (such as inpatient and outpatient palliative care services, home health care, or social services) is preventing the country's market from expanding.

Competitive Landscape

Key Players

King Fahad Medical City (SAU)
King Faisal Specialist Hospital and Research Center (SAU)
Salam Medical (SAU)
Others

Healthcare Policies and Regulatory Landscape

The National Cancer Control Strategy and the National Program for Palliative Care are some of the policies and laws the Saudi Arabian government has developed to assist the creation and delivery of palliative care services. These regulations seek to expand access to palliative care, raise the standard of care, and encourage the education of medical professionals in the field. The Saudi Food and Drug Authority (SFDA), which governs the use of drugs and medical devices, and the Saudi Commission for Health Specialties (SCFHS), which regulates the education and licensure of medical professionals, are in charge of Saudi Arabia's regulatory framework for palliative care.

Reimbursement Scenario

In Saudi Arabia, the government-funded healthcare system provides coverage for palliative care services. In both hospital and community settings, the Saudi Ministry of Health offers free palliative care services to citizens and residents. Palliative care services are also available through private healthcare institutions; however, the price and coverage vary depending on the insurance plan.

The King Salman Center for Disability Research offers palliative care services to kids with life-limiting illnesses in addition to the public healthcare system. The Social Welfare Services Department-registered seniors and people with disabilities can also receive palliative care services from the Ministry of Labor and Social Development.

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

Palliative Care Market Segmentation

By Service Type (Revenue, USD Billion):

Based on service type, the Saudi Arabia palliative care market is divided into the following:

Private residence care
Hospice inpatient care
Hospital inpatient care
Nursing home and residential facility care
Others

By End User (Revenue, USD Billion):

Based on end-user type, the Saudi Arabia palliative care market is divided into the following:

Hospitals
Home Care Settings
Palliative Care Centers
Long-Term Care Centers & Rehabilitation Centers

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.

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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.