Saudi Arabia Home Healthcare Market to Grow at a CAGR of 7.1% to reach US$ 10,320.94 million from 2021 to 2028
The Saudi Arabia home healthcare market is projected to reach US$ 10,320.94 million by 2028 from US$ 6,385.98 million in 2021; it is estimated to grow at a CAGR of 7.1% from 2021 to 2028.
Home healthcare includes a wide range of healthcare services for illness in homecare settings. The goal of home healthcare is to treat injury and improve health outcomes for the patient. These services are more convenient and less expensive and are efficient for chronic diseases, elderly population, nutrition therapy and serious illness of the patient.
Market Insights
Changing Age Profile and Its Impact on Demand for Home Healthcare
The increasing the number of elderly residents, which supports the surge in demand for home healthcare products and services. In mid-2019, the population of Saudi Arabia was 34.2 million; it grew from 27.1 million in 2010 at a CAGR of over 3% during this period. According to the Saudi Arabian General Investment Authority (SAGIA), the population of the country is predicted to reach ~45 million by 2030 at a yearly growth rate of 2.5%. The population and its diversity are the key determinants of future healthcare requirements. At present, 23 million people (69% of the total population) are aged less than 40, and the number is estimated to rise to 28 million by 2030. Only 5.5% (1.8 million) of the population is over 60, but that number is projected to rise to 11.1% (~4.9 million) by 2030. The predicted rise in geriatric populations is likely to propel the need for services offered for senior citizens, such as long-term care, rehabilitation, and home care services, in the coming years.
Product Type-Based Insights
Based on the product type, the market is segmented into therapeutic, diagnostic, and mobility assist. The therapeutic segment held the largest share of the market in 2021.
Saudi Arabia Home Healthcare Market, by Product Type – 2021 and 2028
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Saudi Arabia Home Healthcare Market: Strategic Insights
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Saudi Arabia Home Healthcare Market: Strategic Insights
Mrinal
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Mrinal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
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The Saudi Arabia home healthcare market players adopt organic strategies such as product launch and expansion to expand their footprint and product portfolio worldwide and meet the growing demand.
The Saudi Arabia home healthcare market has been segmented as follows:
The Saudi Arabia home healthcare market is segmented on the basis of product type, indication, and service. Based on product type the home healthcare market is segmented into therapeutic, diagnostic, and mobility assist.
Based on indication the home healthcare market is segmented into cancer, respiratory diseases, mobility disorders, cardiovascular disorders, pregnancy, wound care, diabetes, and other indications.
Based on service the home healthcare market is segmented into skilled nursing, rehabilitation therapy, hospice and palliative care, unskilled care, respiratory therapy, infusion therapy, and pregnancy care.
Company Profiles
- Fresenius Medical Care AG & Co KGaA
- General Electric
- LINDE
- F. HOFFMANN-LA ROCHE LTD.
- SALAM Al-Motamayeza Medical Services Co. Ltd.
- VitalAire Saudi Arabia
- Abbott
- AlBait Home Care
- CARESA HOME CARE
- FAKEEH Home Health Care
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Home healthcare includes a wide range of healthcare services for illness in homecare settings. The goal of home healthcare is to treat injury and improve health outcomes for the patient. These services are more convenient and less expensive and are efficient for chronic diseases, elderly population, nutrition therapy and serious illness of the patient.
The therapeutic segment held the largest revenue share of 48.95% in 2021
The home healthcare market majorly consists of the players such as Fresenius Medical Care AG & Co KGaA, General Electric, LINDE, F. HOFFMANN-LA ROCHE LTD., SALAM Al-Motamayeza Medical Services Co. Ltd., VitalAire Saudi Arabia, Abbott, AlBait Home Care, CARESA HOME CARE, and FAKEEH Home Health Care among others.
As per product type, the diagnostic segment is accounted to grow at the CAGR of 7.6% in the market during the forecast period.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Home Healthcare Market – By Product Type
1.3.2 Home Healthcare Market – By Indication
1.3.3 Home Healthcare Market – By Service
2. Home Healthcare Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Home Healthcare Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Expert Opinion
4.4 Regulatory Framework for Home Healthcare in Saudi Arabia
4.5 Reimbursement Scenario in Saudi Arabia
4.5.1 Implementation of Mandatory Health Insurance
5. Saudi Arabia Home Healthcare Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Changing Age Profile and Its Impact on Demand for Home Healthcare
5.1.2 Surge in Prevalence of Chronic Diseases
5.2 Market Restraints
5.2.1 Trust Issues with Home Healthcare Workers
5.3 Market Opportunities
5.3.1 High Incidence of Disabilities
5.4 Future Trends
5.4.1 Surge in Focus on Telehealth
5.5 Impact Analysis of Drivers and Restraints
6. Home Healthcare Market – Saudi Arabia Analysis
6.1 Saudi Arabia Home Healthcare Market Revenue Forecast and Analysis
6.1.1 Overview
6.2 Market Positioning of Key Players
7. Saudi Arabia Home Healthcare Market Revenue and Forecasts To 2028– by Product Type
7.1 Overview
7.2 Saudi Arabia Home Healthcare Market, By Type, 2021 & 2028 (%)
7.3 Saudi Arabia: Home Healthcare Market, by Product Type, 2019–2028 (USD Million)
7.4 Therapeutic
7.4.1 Overview
7.4.2 Therapeutic: Home Healthcare Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Diagnostic
7.5.1 Overview
7.5.2 Diagnostic: Home Healthcare Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Mobility Assist
7.6.1 Overview
7.6.2 Mobility Assist: Home Healthcare Market – Revenue and Forecast to 2028 (US$ Million)
8. Home Healthcare Market Analysis – By Indication
8.1 Overview
8.2 Home Healthcare Market Revenue Share, by Indication, 2021 & 2028 (%)
8.3 Cancer
8.3.1 Overview
8.3.2 Cancer: Home Healthcare Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Respiratory Diseases
8.4.1 Overview
8.4.2 Respiratory Diseases: Home Healthcare Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Mobility Disorders
8.5.1 Overview
8.5.2 Mobility Disorders: Home Healthcare Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Cardiovascular Disorders
8.6.1 Overview
8.6.2 Cardiovascular Disorders: Home Healthcare Market – Revenue and Forecast to 2028 (US$ Million)
8.7 Pregnancy
8.7.1 Overview
8.7.2 Pregnancy: Home Healthcare Market – Revenue and Forecast to 2028 (US$ Million)
8.8 Wound Care
8.8.1 Overview
8.8.2 Wound Care: Home Healthcare Market – Revenue and Forecast to 2028 (US$ Million)
8.9 Diabetes
8.9.1 Overview
8.9.2 Diabetes: Home Healthcare Market – Revenue and Forecast to 2028 (US$ Million)
8.10 Other Indications
8.10.1 Overview
8.10.2 Other Indications: Home Healthcare Market – Revenue and Forecast to 2028 (US$ Million)
9. Home Healthcare Market Analysis – By Service
9.1 Overview
9.2 Home Healthcare Market Revenue Share, by Service, 2021 & 2028 (%)
9.3 Skilled Nursing
9.3.1 Overview
9.3.2 Skilled Nursing: Home Healthcare Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Rehabilitation Therapy
9.4.1 Overview
9.4.2 Rehabilitation Therapy: Home Healthcare Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Hospice and Palliative Care
9.5.1 Overview
9.5.2 Hospice and Palliative Care: Home Healthcare Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Unskilled Care
9.6.1 Overview
9.6.2 Unskilled Care: Home Healthcare Market – Revenue and Forecast to 2028 (US$ Million)
9.7 Respiratory Therapy
9.7.1 Overview
9.7.2 Respiratory Therapy: Home Healthcare Market – Revenue and Forecast to 2028 (US$ Million)
9.8 Infusion Therapy
9.8.1 Overview
9.8.2 Infusion Therapy: Home Healthcare Market – Revenue and Forecast to 2028 (US$ Million)
9.9 Pregnancy Care
9.9.1 Overview
9.9.2 Pregnancy Care: Home Healthcare Market – Revenue and Forecast to 2028 (US$ Million)
10. Impact of COVID-19 Pandemic on Saudi Arabia Home Healthcare Market
10.1 Saudi Arabia: Impact Assessment of COVID-19 Pandemic
11. Saudi Arabia Home Healthcare Market–Industry Landscape
11.1 Overview
11.2 Growth Strategies in the Saudi Arabia Home Healthcare Market (%)
11.3 Organic Developments
11.3.1 Overview
11.4 Inorganic Developments
11.4.1 Overview
12. Company Profiles
12.1 Fresenius Medical Care AG & Co KGaA
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 General Electric
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 LINDE, PLC
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 F. HOFFMANN-LA ROCHE LTD.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 SALAM Al-Motamayeza Medical Services Co. Ltd.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 VitalAire Saudi Arabia
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Abbott
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 AlBait Home Care
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 CARESA HOME CARE
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 FAKEEH HOME HEALTH CARE
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. Saudi Arabia Home Healthcare Market, by Product Type – Revenue and Forecast to 2028 (USD Million)
Table 2. Organic Developments in the Saudi Arabia Home Healthcare Market
Table 3. Inorganic Developments in the Saudi Arabia Home Healthcare Market
Table 4. Glossary of Terms, Saudi Arabia Home Healthcare Market
LIST OF FIGURES
Figure 1. Home Healthcare Market Segmentation
Figure 2. Home Healthcare Market Overview
Figure 3. Therapeutic Segment Held the Largest Share by Product Type of Home Healthcare Market
Figure 4. PEST Analysis
Figure 4. Home Healthcare Market Impact Analysis of Drivers and Restraints
Figure 5. Saudi Arabia Home Healthcare Market – Revenue Forecast and Analysis – 2021-2028
Figure 6. Market Positioning of Key Players
Figure 7. Saudi Arabia Home Healthcare Market, by Type, 2021 & 2028 (%)
Figure 8. Therapeutic: Home Healthcare Market – Revenue and Forecast to 2028 (US$ Million)
Figure 9. Diagnostic: Home Healthcare Market – Revenue and Forecast to 2028 (US$ Million)
Figure 10. Mobility Assist: Home Healthcare Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. Home Healthcare Market Revenue Share, by Indication, 2021 & 2028 (%)
Figure 12. Cancer: Home Healthcare Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Respiratory Diseases: Home Healthcare Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Mobility Disorders: Home Healthcare Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Cardiovascular Disorders: Home Healthcare Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Pregnancy: Home Healthcare Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Wound Care: Home Healthcare Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Diabetes: Home Healthcare Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Other Indications: Home Healthcare Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Home Healthcare Market Revenue Share, by Service, 2021 & 2028 (%)
Figure 21. Skilled Nursing: Home Healthcare Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Rehabilitation Therapy: Home Healthcare Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Hospice and Palliative Care: Home Healthcare Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Unskilled Care: Home Healthcare Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Respiratory Therapy: Home Healthcare Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Infusion Therapy: Home Healthcare Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Pregnancy Care: Home Healthcare Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Impact of COVID-19 Pandemic on Home Healthcare Market in the Saudi Arabia
Figure 29. Growth Strategies in the Saudi Arabia Home Healthcare Market (%)
The List of Companies - Saudi Arabia Home Healthcare Market
- Fresenius Medical Care AG & Co KGaA
- General Electric
- LINDE
- F. HOFFMANN-LA ROCHE LTD.
- SALAM Al-Motamayeza Medical Services Co. Ltd.
- VitalAire Saudi Arabia
- Abbott
- AlBait Home Care
- CARESA HOME CARE
- FAKEEH Home Health Care
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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