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 Saudia 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 Saudia 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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