Inpatient Care - Saudi Arabia | Statista Market Forecast

Saudi Arabia's Inpatient Care market is expected to witness significant growth in the coming years.
According to projections, the market's revenue is projected to reach US$14.74bn in 2024.
This growth is anticipated to continue, with an estimated annual growth rate (CAGR 2024-2029) of 2.52%.
By 2029, the market volume is expected to reach US$16.69bn.
In a global context, it is worth noting that United States is expected to generate the highest revenue in the Inpatient Care market, with a projected revenue of US$731.40bn in 2024.
In Saudi Arabia, the trend in the inpatient care market is a growing focus on advanced medical technology and specialized services to meet the needs of a rapidly expanding population.

Definition:
Inpatient Care refers to medical and surgical services provided to patients who are admitted for overnight stays at hospitals. This market covers a wide range of services, such as diagnostics, medical treatments, and surgical treatments. It also includes facilities, nursing care, and other services that are necessary for the patient's recovery and well-being during their hospital stay. However, inpatient long-term care (LTC) for people with LTC needs is not included. Hospital inpatient care is a crucial component of the healthcare industry and is essential for providing high-quality and comprehensive medical care to patients.

Structure:
Inpatient Care covers Neoplasm Treatments, Treatments of Cardiovascular Diseases, Treatments of Musculoskeletal Diseases, Gastroenterology, Midwifery, and Other Inpatient Care. Other Inpatient Care provides information on additional areas that are not covered by the previously mentioned markets.

Additional information:
Inpatient Care comprises revenues, average revenue per capita, number of hospitals, average revenue per hospital, number of hospital beds, and average revenue per hospital bed. Market values represent revenues paid to hospitals by the respective healthcare payers (including VAT, if applicable). Reported market revenues include spending by consumers (B2C), enterprises (B2B), and governments (B2G). Revenues are allocated to the country where the money is spent.

Inpatient nursing care
Medical goods for inpatient treatments
Inpatient surgical treatments

Day care
Long-term care
Outpatient care
Home-based care

The Inpatient Care market in Saudi Arabia has been experiencing significant growth in recent years, driven by a variety of factors.

Customer preferences: One of the key drivers of growth in the Inpatient Care market in Saudi Arabia is the increasing demand for high-quality healthcare services. As the country's population continues to grow and age, more people are seeking out medical care, particularly for chronic conditions such as diabetes and heart disease. In addition, there is a growing trend towards seeking out specialized care for complex medical conditions, which is driving demand for more advanced medical facilities and technologies.

Trends in the market: One of the most notable trends in the Inpatient Care market in Saudi Arabia is the increasing adoption of digital technologies and telemedicine. This trend is being driven by a number of factors, including the growing need to provide care to patients in remote or underserved areas, as well as the desire to improve the efficiency and effectiveness of healthcare delivery. As a result, many hospitals and healthcare providers are investing in new technologies such as electronic medical records, telemedicine platforms, and mobile health apps to improve patient care and outcomes.Another trend in the Inpatient Care market in Saudi Arabia is the growing importance of medical tourism. As the country continues to invest in its healthcare infrastructure and facilities, more people are coming to Saudi Arabia to receive medical treatment. This is particularly true for patients seeking specialized care for complex medical conditions, as well as for those seeking out more affordable healthcare options.

Local special circumstances: One of the unique characteristics of the Inpatient Care market in Saudi Arabia is the strong role played by the government in healthcare provision. The government is the largest provider of healthcare services in the country, and is responsible for funding and managing a large network of hospitals and clinics. This has created a highly regulated healthcare environment, with strict standards for quality and safety.

Underlying macroeconomic factors: The Inpatient Care market in Saudi Arabia is also being shaped by a number of macroeconomic factors, including the country's strong economic growth and increasing investment in healthcare infrastructure. In addition, the government's Vision 2030 plan, which aims to diversify the country's economy and reduce its dependence on oil, includes a significant focus on healthcare. This is expected to drive further investment in the healthcare sector and support continued growth in the Inpatient Care market in the coming years.

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on revenue received by hospitals from public or private sources, allocated to the country where the money is spent, including VAT if applicable.

Modeling approach / Market size:

Market sizes are determined by a bottom-up approach, based on a specific rationale for each market market. Next, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, public health spend, and GDP. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Health market, in a PDF format.

The healthcare landscape in the United States is a complicated one. There are federal health insurance plans for low-income individuals namely Medicaid and CHIP (Children’s health insurance program) and Medicare for seniors and the disabled. Aside from these, people must buy private health insurance or be left uninsured because the U.S. is the only high-income country without universal healthcare coverage. Hospitals in the U.S., therefore, receive payment from multiple payers. Most revenue generated by U.S. hospitals comes from private insurance, self, or other payments. The complexity of this multi-payer system is instrumental to the U.S. having the highest administrative health costs per capita among wealthy nations.