Saudi Arabia Healthcare Payer Services Market Size & Outlook
Saudi Arabia healthcare payer services market, 2018-2030 (US$M)
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Saudi Arabia healthcare payer services market highlights
- The Saudi Arabia healthcare payer services market generated a revenue of USD 422.0 million in 2023 and is expected to reach USD 560.9 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 4.1% from 2024 to 2030.
- In terms of segment, ito services was the largest revenue generating services in 2023.
- KPO Services is the most lucrative services segment registering the fastest growth during the forecast period.
Healthcare payer services market data book summary
| Market revenue in 2023 | USD 422.0 million |
| Market revenue in 2030 | USD 560.9 million |
| Growth rate | 4.1% (CAGR from 2023 to 2030) |
| Largest segment | Ito services |
| Fastest growing segment | KPO Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | BPO Services, ITO Services, KPO Services |
| Key market players worldwide | Cognizant Technology Solutions Corp Class A, ExlService Holdings Inc, Accenture PLC Class A, Xerox Holdings Corp, Concentrix Corp Ordinary Shares, Genpact Ltd, Wipro Ltd ADR, HCL Technologies, Hinduja Global Solutions |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.6% of the global healthcare payer services market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa healthcare payer services market is projected to lead the regional market in terms of revenue in 2030.
- Kuwait is the fastest growing regional market in Middle East & Africa and is projected to reach USD 105.0 million by 2030.
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Healthcare Payer Services Market Scope
Healthcare Payer Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia healthcare payer services market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to healthcare payer services market will help companies and investors design strategic landscapes.
Ito services was the largest segment with a revenue share of 50.9% in 2023. Horizon Databook has segmented the Saudi Arabia healthcare payer services market based on bpo services, ito services, kpo services covering the revenue growth of each sub-segment from 2018 to 2030.
Saudi Arabia's Vision 2030, established by the National Transformation Programme (NTP), lays the framework for the country's healthcare sector, prioritizing privatization and Public-Private Partnerships (PPPs).
According to an NCBI article published in September 2022, with a targeted increase in the private sector's contribution to the GDP from 40% to 65% by 2030, the healthcare payer services market stands to gain significantly.
As Saudi Arabia aligns with global trends in promoting public-private collaborations, the healthcare sector's evolution under Vision 2030 presents promising opportunities for growth and innovation in healthcare payer services.
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Our clientele includes a mix of healthcare payer services market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia healthcare payer services market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia healthcare payer services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia healthcare payer services market size, by services, 2018-2030 (US$M)
Saudi Arabia Healthcare Payer Services Market Outlook Share, 2023 & 2030 (US$M)
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