COVID-19 Pandemic Catalyzes the Transformation of the Healthcare Provider Sector in Saudi Arabia

COVID-19 Pandemic Catalyzes the Transformation of the Healthcare Provider Sector in Saudi Arabia

New Spending and the Latest Technology Drive Future Growth Potential

RELEASE DATE
09-Feb-2021
REGION
South Asia, Middle East & North Africa
Research Code: PB3E-01-00-00-00
SKU: HC03381-SA-MT_25170

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Description

The COVID-19 pandemic has led governments worldwide to implement national lockdowns and social distancing measures to mitigate the virus’ spread. The result is a large-scale drop in business confidence, consumer demand, and industrial production, leading to a global economic recession in 2020. The pandemic has impacted the healthcare sector and it has yet to return to full utilization capacity. Most countries have experienced disrupted supply chains, draining healthcare institutions financially and impacting their revenue in Q1 and Q2 2020.

The study covers the pandemic’s impact on Saudi Arabia’s healthcare sector and new opportunities for medical device manufacturers and healthcare service, IT, and communications technology providers in the region. New opportunities include radiology and medical center upgrades, telemedicine, home monitoring services, management platforms for diabetes and cardiovascular diseases (CVD), electronic health records (EHR), and healthcare professionals' training.

Healthcare companies are stepping up to the COVID-19 outbreak induced-challenges. This crisis will change the healthcare sector’s outlook as the focus shifts toward new technologies that will drive the market. The study includes a comprehensive scenario-based analysis, focusing on the healthcare provider sector across Saudi Arabia to enable clients to sustain amid the present situation and thrive in the future. It highlights the estimated Saudi Arabia Ministry of Health expenditure budget and anticipated new spending budget on potential healthcare segments. Stakeholders need to understand how these healthcare segments will evolve in the future and how vendors can become part of this growing movement. Frost & Sullivan recognizes the importance of clients remaining on top of their strategic initiatives to achieve and sustain growth.

Information contained in this report includes the following:
•     The pandemic’s impact on the Saudi Arabia care pathway
•     Key factors influencing the changing healthcare business in achieving the country's Vision 2030
•     Drivers and restraints impacting the healthcare sector over the next five years
•     Potential growth opportunities and game-changing technologies in the care pathway in the next 2–5 years
•     Opportunity segments in Saudi Arabia, their potential, and 5-year revenue outlook

RESEARCH: INFOGRAPHIC

This infographic presents a brief overview of the research, and highlights the key topics discussed in it.
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Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top Three Strategic Imperatives on the KSA Healthcare Sector

Growth Opportunities Fuel the Growth Pipeline Engine™

Healthcare Sector Scope of Analysis

Growth Opportunities, Healthcare Sector

Healthcare System, Healthcare Sector

Healthcare System Overview, Healthcare Sector

Healthcare System Overview, Healthcare Sector (continued)

Healthcare System Regional Distribution, Healthcare Sector

Vision 2030

Healthcare Sector Transformation Strategy, Vision 2030

Government Initiatives, Vision 2030

Key Investments/Initiatives Planned for FY 2020, Vision 2030

Providers' COVID-19-Caused Challenges, Healthcare Sector

COVID-19 Medium-Term Impact, Healthcare Sector

COVID-19 Impact on Healthcare Budget and Investment, Healthcare Sector

COVID-19 Impact on Hospital Operations and Human Resources, Healthcare Sector

COVID-19 Impact on the Care Pathway, Healthcare Sector

COVID-19 Impact on the Care Pathway, Healthcare Sector (continued)

COVID-19 Impact on the Care Pathway, Healthcare Sector (continued)

COVID-19 Impact on the Care Pathway, Healthcare Sector (continued)

COVID-19 Impact on PHC Infrastructure in Tier 2 and Tier 3 Cities, Healthcare Sector

COVID-19 Impact on Patients, Healthcare Sector

Key Growth Metrics for Anticipated New Spending, KSA Healthcare Sector

Growth Drivers for the Healthcare Sector

Growth Restraints for the Healthcare Sector

Forecast Assumptions, Anticipated New Spending, Healthcare Sector

MoH Expenditure Budget Forecast, Healthcare Sector

MoH Expenditure Budget Forecast Analysis, Healthcare Sector

Budget Forecast by Anticipated New Spending, Healthcare Sector

Budget Forecast Analysis by Anticipated New Spending, Healthcare Sector

Growth Opportunity 1—Radiology Center Upgrades

Growth Opportunity 1—Radiology Center Upgrades (continued)

Growth Opportunity 2—Genetic Counseling Services

Growth Opportunity 2—Genetic Counseling Services (continued)

Growth Opportunity 3—Management Platforms for Diabetes and CVD

Growth Opportunity 3—Management Platforms for Diabetes and CVD (continued)

Growth Opportunity 4—Healthcare Professionals Training

Growth Opportunity 4—Healthcare Professionals Training (continued)

Growth Opportunity 5—Interest and Defined Funding for Telemedicine Platforms

Growth Opportunity 5—Interest and Defined Funding for Telemedicine Platforms (continued)

Growth Opportunity 6—Medical Laboratory Modernizations

Growth Opportunity 6—Medical Laboratory Modernizations (continued)

Growth Opportunity 7—Home Monitoring

Growth Opportunity 7—Home Monitoring (continued)

Growth Opportunity 8—EHR and HIE Network Infrastructure

Growth Opportunity 8—EHR and HIE Network Infrastructure (continued)

Your Next Steps

Why Frost, Why Now?

List of Exhibits

List of Exhibits (continued)

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Related Research
The COVID-19 pandemic has led governments worldwide to implement national lockdowns and social distancing measures to mitigate the virus’ spread. The result is a large-scale drop in business confidence, consumer demand, and industrial production, leading to a global economic recession in 2020. The pandemic has impacted the healthcare sector and it has yet to return to full utilization capacity. Most countries have experienced disrupted supply chains, draining healthcare institutions financially and impacting their revenue in Q1 and Q2 2020. The study covers the pandemic’s impact on Saudi Arabia’s healthcare sector and new opportunities for medical device manufacturers and healthcare service, IT, and communications technology providers in the region. New opportunities include radiology and medical center upgrades, telemedicine, home monitoring services, management platforms for diabetes and cardiovascular diseases (CVD), electronic health records (EHR), and healthcare professionals' training. Healthcare companies are stepping up to the COVID-19 outbreak induced-challenges. This crisis will change the healthcare sector’s outlook as the focus shifts toward new technologies that will drive the market. The study includes a comprehensive scenario-based analysis, focusing on the healthcare provider sector across Saudi Arabia to enable clients to sustain amid the present situation and thrive in the future. It highlights the estimated Saudi Arabia Ministry of Health expenditure budget and anticipated new spending budget on potential healthcare segments. Stakeholders need to understand how these healthcare segments will evolve in the future and how vendors can become part of this growing movement. Frost & Sullivan recognizes the importance of clients remaining on top of their strategic initiatives to achieve and sustain growth. Information contained in this report includes the following: • The pandemic’s impact on the Saudi Arabia care pathway • Key factors influencing the changing healthcare business in achieving the country's Vision 2030 • Drivers and restraints impacting the healthcare sector over the next five years • Potential growth opportunities and game-changing technologies in the care pathway in the next 2–5 years • Opportunity segments in Saudi Arabia, their potential, and 5-year revenue outlook
More Information
No Index No
Podcast No
Author Manoj Rathore
Industries Healthcare
WIP Number PB3E-01-00-00-00
Is Prebook No
GPS Codes 9600-B1,9612-B1,9A52-B1,99BB-B1,99BF-B1,9A4B-B1,99BE-B1,9611-B1,9614-B1,9627-B1