Dublin, Feb. 27, 2025 (GLOBE NEWSWIRE) — The “Saudi Arabia Health Insurance Market Report 2025-2033” has been added to ResearchAndMarkets.com’s offering. The report provides an analysis of the key trends in each sub-segment of the Saudi Arabia health insurance market report, along with forecasts for the period 2025-2033. The report has categorized the market based on type and service provider.
The Saudi Arabia health insurance market size reached USD 7.8 billion in 2024. Looking forward, the market is forecast to reach USD 12.5 billion by 2033, exhibiting a growth rate (CAGR) of 5.14% during 2025-2033. The rising consumer awareness towards health management is propelling the demand for insurance policies, which is driving the market across the country. The key health insurance providers in Saudi Arabia are Bupa Saudi Arabia, Tawuniya, MedGulf Arabia, etc.
The increasing population and diversification of the nation’s economy are among the key factors driving the Saudi Arabia health insurance market. Resulting from the growing industrialization and increasing job opportunities, expatriates from all around the globe are migrating to the country, catalyzing the growth of the healthcare and health insurance sector. Health insurance in Saudi Arabia is oriented towards easing the financial stress that comes with having to pay exorbitant medical bills due to unexpected illness or injury.
Additionally, the Saudi Arabian government mandates health coverage for all nationals and non-nationals. The country began implementing the mandatory unified health insurance scheme in July 2016, with the system completely in place since 2017. It is compulsory for all private sector organisations to provide health insurance to their employees as well as their dependants – this includes spouse, unmarried daughters and male children below 25 years of age.
Furthermore, factors such as rising population, increasing healthcare expenditures, growing prevalence of various life style diseases, improving healthcare infrastructure, etc. are also catalyzing the growth of the health insurance market in Saudi Arabia.
Key Questions Answered in This Report
1. How big is the health insurance industry in Saudi Arabia?
2. What is the expected growth rate of the Saudi Arabia health insurance market during 2025-2033?
3. What are the key factors driving the Saudi Arabia health insurance market?
4. What has been the impact of COVID-19 on the Saudi Arabia health insurance market?
5. What is the breakup of the Saudi Arabia health insurance market based on the type?
6. What is the breakup of the Saudi Arabia health insurance market based on the service provider?
7. How many people have health insurance in Saudi Arabia?
Key Attributes
| Report Attribute | Details |
| No. of Pages | 135 |
| Forecast Period | 2024-2033 |
| Estimated Market Value (USD) in 2024 | $7.8 Billion |
| Forecasted Market Value (USD) by 2033 | $12.5 Billion |
| Compound Annual Growth Rate | 5.4% |
| Regions Covered | Saudi Arabia |
Key Topics Covered
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
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 Breakup by Type
5.5 Market Breakup by Service Provider
5.6 Market Forecast
5.7 SWOT Analysis
5.7.1 Overview
5.7.2 Strengths
5.7.3 Weaknesses
5.7.4 Opportunities
5.7.5 Threats
5.8 Value Chain Analysis
5.9 Porters Five Forces Analysis
5.9.1 Overview
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
5.10.1 Political
5.10.2 Economic
5.10.3 Social
5.10.4 Legal
5.10.5 Environmental
5.10.6 Technological
5.11 Price Analysis
6 Market Breakup by Type
6.1 Individual
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Group
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Service Provider
7.1 Public
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Private
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 about this report visit https://www.researchandmarkets.com/r/rklwff
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- Saudi Arabian Health Insurance Market
