The efforts and the investment put in by the Saudi Arabian government have led to significant opportunity for Healthcare Industry in the Kingdom, says RNCOS in its latest research report.
The Healthcare market in the kingdom has witnessed growth in recent years on account of rising demand for healthcare services fueled by increasing incidence of life style related diseases and expanding population base of the country. The growth in this segment has been led by inclining government investment and the private players operating in the country. With these developments, KSA Healthcare market is growing at a CAGR of 8% from 2016-2022, says RNCOS in its latest research report.
According to our report, “KSA Healthcare Market Outlook 2022”, the government is encouraging the private player’s investment through various initiatives such as National Transformational Plan while pushing for health insurance, and introducing treatment programmes besides encouraging health partners abroad to invest locally.
Currently, KSA is primarily dominated by the public sector hospitals, offering opportunities for private players to enter the market. Players such as VPS Healthcare, Aster DM Healthcare are evaluating opportunities to either enter in the kingdom’s healthcare industry or expand their services through investments. Hence, immense opportunities are present in the KSA healthcare sector for private players to invest.
Besides working on healthcare services across the country and improving the quality of care, the Kingdom is also witnessing growth in the insurance sector while increasing the quality of healthcare services significantly along with the cost efficiency and productivity by transforming it into a structure for creating employment opportunities for the Saudi nationals.
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