DUBLIN – (COMMERCIAL THREAD)–The “Saudi Arabia Health Insurance Market: Industry Trends, Share, Size, Growth, Opportunities, and Forecast 2021-2026” the report was added to ResearchAndMarkets.com offer.
The health insurance market in Saudi Arabia reached a value of approximately US $ 6 billion in 2020. Health insurance is a type of insurance coverage that periodically charges a sum to the policyholder and pays the costs. medical and surgical costs incurred by the individual in the event of a medical examination. emergency. An effective health insurance plan includes services such as diagnosis and treatment of chronic diseases and conditions, psychiatric care, emergency evacuation and transport, inpatient and outpatient care, maternity, dental care, etc. The main health insurance providers in Saudi Arabia are Bupa Saudi Arabia, Tawuniya, MedGulf Arabia, etc. The growing population and the diversification of the country’s economy are among the key factors driving the health insurance market in Saudi Arabia. Due to increasing industrialization and increasing employment opportunities, expatriates from all over the world are migrating to the country, catalyzing the growth of the healthcare and health insurance sector. Health insurance in Saudi Arabia aims to alleviate the financial stress of paying exorbitant medical bills due to unexpected illness or injury.
In addition, the Saudi government imposes health coverage on all nationals and non-nationals. The country started implementing the Unified Compulsory Health Insurance Scheme in July 2016, with the system fully in place since 2017. It is mandatory for all private sector organizations to provide health insurance to their employees as well as to their dependents – this includes spouse, unmarried girls and boys under 25. In addition, factors such as population increase, increase in health expenditure, increasing prevalence of various lifestyle-related diseases, improvement of health infrastructure, etc. are also catalyzing the growth of the health insurance market in Saudi Arabia. Looking ahead, the publisher expects the Saudi Arabia health insurance market to show strong growth over the next five years.
Bupa Saudi Arabia
Key questions addressed in this report:
How has the Saudi Arabia health insurance market performed so far and how will it perform in the years to come?
What has been the impact of COVID-19 on the health insurance market in Saudi Arabia?
What is the distribution of the market according to the type of product?
How is the market split depending on the service provider?
What are the different stages of the health insurance sector value chain in Saudi Arabia?
What are the main drivers and challenges for the health insurance industry in Saudi Arabia?
What is the structure of the health insurance sector in Saudi Arabia and who are the main players?
How competitive is the health insurance industry in Saudi Arabia?
What are the profit margins in the health insurance industry in Saudi Arabia?
Main topics covered:
2 Scope and methodology
3 Executive summary
4.2 Key Industry Trends
5 Saudi Arabia Health Insurance Market
5.1 Market overview
5.2 Market performance
5.3 Impact of COVID-19
5.4 Market breakdown by type
5.5 Market breakdown by service provider
5.6 Market Forecast
5.7 SWOT analysis
5.8 Value chain analysis
5.9 Porters Five Forces Analysis
5.9.2 Bargaining power of buyers
5.9.3 Bargaining power of suppliers
5.9.4 Degree of competition
5.9.5 Threat of new entrants
5.9.6 Threat of substitutes
5.10 PESTEL analysis
5.11 Price analysis
6 Market breakdown by type
6.1.1 Market trends
6.1.2 Market Forecast
6.2.1 Market trends
6.2.2 Market Forecast
7 Market breakdown by service provider
7.1.1 Market trends
7.1.2 Market Forecast
7.2.1 Market trends
7.2.2 Market Forecast
8 Government regulations
9 strategic recommendations
10 Competitive landscape
10.1 Market structure
10.2 Key players
10.3 Profiles of key players
For more information on this report, visit https://www.researchandmarkets.com/r/uuoedh