Saudi Arabia Home Healthcare Market Size & Outlook
Saudi Arabia home healthcare market, 2018-2030 (US$M)
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Saudi Arabia home healthcare market highlights
- The Saudi Arabia home healthcare market generated a revenue of USD 1,469.7 million in 2023 and is expected to reach USD 2,048.8 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 4.9% from 2024 to 2030.
- In terms of segment, services was the largest revenue generating component in 2023.
- Equipment is the most lucrative component segment registering the fastest growth during the forecast period.
Home healthcare market data book summary
| Market revenue in 2023 | USD 1,469.7 million |
| Market revenue in 2030 | USD 2,048.8 million |
| Growth rate | 4.9% (CAGR from 2023 to 2030) |
| Largest segment | Services |
| Fastest growing segment | Equipment |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Equipment, Services |
| Key market players worldwide | B. Braun, Abbott Laboratories, Sunrise Medical, 3M Co, Baxter International Inc, Medtronic PLC, Cardinal Health Inc, Roche Holding AG ADR, Air Liquide SA, Amedisys Inc, Fresenius Medical Care AG, Arkray, Becton Dickinson & Co, OMRON Corp, Drive Medical, GE Aerospace, Medline Industries, Koninklijke Philips NV, Johnson & Johnson, Linde PLC, Vygon, Teleflex Inc, Moog Inc A, Fresenius SE & Co KGaA, Bayer AG, UnitedHealth Group Inc, Brookdale Senior Living Inc, Sunrise Senior Living, Genesis Healthcare Inc Class A, Extendicare Inc, Sonida Senior Living Inc, Home Instead |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.4% of the global home healthcare market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia home healthcare market is projected to lead the regional market in terms of revenue in 2030.
- Oman is the fastest growing regional market in Middle East & Africa and is projected to reach USD 196.9 million by 2030.
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Home Healthcare Market Scope
Home Healthcare Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia home healthcare 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 home healthcare market will help companies and investors design strategic landscapes.
Services was the largest segment with a revenue share of 84.28% in 2023. Horizon Databook has segmented the Saudi Arabia home healthcare market based on equipment, services covering the revenue growth of each sub-segment from 2018 to 2030.
The Saudi Arabia Home Healthcare market is expected to witness rapid growth due to the rising geriatric population, increasing incidence of chronic diseases, and rising preference for remote & home monitoring. Non-communicable Diseases (NCDs) account for 73% of all deaths in Saudi Arabia.
Moreover, as per WHO data, the overall prevalence of obesity was estimated to increase to 41% by 2022 from around 12% in 1992 in men, and to 78% from 21% in women. The increased prevalence of chronic diseases is expected to increase the demand for monitoring devices and propel market growth.
Thus, with growing prevalence of chronic diseases, there is increasing demand for Home Healthcare that prevent avoidable hospitalizations and help reduce readmissions. Furthermore, these technologies reduce the number of avoidable visits to the doctor’s office and expenses. Hence, these factors are expected to boost the home healthcare market.
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Our clientele includes a mix of home healthcare market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia home healthcare market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia home healthcare market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia home healthcare market size, by component, 2018-2030 (US$M)
Saudi Arabia Home Healthcare Market Outlook Share, 2023 & 2030 (US$M)
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