Saudi Arabia Medical Tourism Market to Grow Due to Technological Advancement until 2026
Easier travel policies are
driving the growth of Saudi Arabia Medical Tourism Market, in the forecast
period, 2022-2026.
According to TechSci report on, “Saudi
Arabia Medical
Tourism Market By Type (Inbound v/s
Outbound) By Treatment Type (Orthopedic Treatment, Gynecological Treatment,
Pediatric Treatment, Dental Treatment, Fertility Treatment, Cosmetic Treatment,
Others) By Region, Competition Forecast & Opportunities, 2026”, Saudi
Arabia medical tourism market has shown
promising growth in historical years until 2019 and is expected to continue its
growth in upcoming forecast years 2021 to 2026. Saudi Arabia medical tourism market
owes its growth to the factors like efficient and effective availability of the
healthcare facility for the patients suffering from various ailments. Moreover,
the government policies that aid various medical procedures that are illegal
and invalid I other countries but not in the Kingdom of Saudi Arabia is also a
major driving factor for the growth of Saudi Arabia medical tourism market in
the upcoming five years. Also, availability of numerous advantages which
include personalized care, modern devices, improved hospitality, etc., is
further expected to bolster the growth of market over the next few years.
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The
Saudi Arabia medical tourism market is segmented by type, treatment type,
competitional landscape, and regional distribution. Based on treatment type,
the market is further fragmented into orthopedic treatment, gynecological
treatment, pediatric treatment, dental treatment, fertility treatment, cosmetic
treatment, and others. Orthopedic treatment is the collection of medical
procedures that is employed for the any kind of disease, or disorders in the
bone structure, spinal cord and ligament injuries. Rising number of road
accidents and sports injuries are aiding the growth of the market segment in
the next five years. Gynecological treatment is the set of medical treatment
for the couples who are encountering issues with their pregnancy, and patients
struggling with various kinds of urinary, and renal conditions. Rising number
of population and the efficacy of the medical procedures that are implemented
for the childbirth before and after, is aiding the growth of the significant
growth of the gynecological and pediatric treatments.
Based
on type, the market is further divided between, inbound, and outbound travels.
Inbound tourism is anticipated to hold the larger revenue shares of the market
in the next five years on the account of increased expenditures on the
betterment of healthcare in the country. Moreover, easier regulations from the
Saudi Arabian government are further inviting the patients from neighboring and
other countries to avail world-class facility. Outbound travel for the medical
purposes may also register significant growth in the upcoming five years on the
account of affordable medical procedures in other countries. Though the
healthcare facility in the country is very appreciative, but certain medical
procedures require expensive medical devices and drugs thereby multiplying the
billing which may not be very affordable for certain patients and government
aided outbound travel for medical processes gains profit through the same and
supports the growth of the Saudi Arabia medical tourism market.
A
partial list of market player in the Saudi Arabia medical tourism market
includes Arabian Gulf Medical Tourism Agency, King Abdullah Specialist
Children’s Hospital, Saudi Centre for Organ Transplantation, Dr. Soliman Fakeeh
Hospital, Al Rayan Hospital, Abeer Medical Group, Inaaya Medical Tourism, among
others. These market players and healthcare centers hold larger shares of the
market than the new market players. With the evolving technology, it is
appropriate to say that the effective research and development of the
technologically advanced services would support the market growth and benefit
the market players as well as the consumers. New market players may focus on
the research and development to provide such services and related devices that
satisfies the consumer demand as well as benefits the market players in
building their brand value. Other competitive strategies include mergers &
acquisitions and new product developments.
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“The
Kingdom of Saudi Arabia is flourishing with the inexpensive and lavish
healthcare sector. Patients from around the world are inclined toward making a
medical procedural trip to the country owing to the healthcare facility. New
market entrants may focus on availing the better and advanced medical devices
and pharmaceutical support for their market establishment The investment
policies for the patients traveling from outside if convened would aid to the
growth of the market in the upcoming five years,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“Saudi Arabia Medical Tourism Market By Type
(Inbound v/s Outbound) By Treatment Type (Orthopedic Treatment, Gynecological
Treatment, Pediatric Treatment, Dental Treatment, Fertility Treatment, Cosmetic
Treatment, Others) By Region, Competition Forecast & Opportunities, 2026” has evaluated the future growth potential of Saudi
Arabia medical tourism market and provides statistics & information on
market size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in Saudi Arabia medical
tourism market.
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