The revision/ increase in the fee of healthcare services for expatriates in public hospitals, launch of the national health insurance program and the increasing participation of the private healthcare sector have been the key factors driving growth in Kuwait hospital Market.
The Kuwait hospital market has shown a positive growth during 2012-2017 but with respect to the expanding population of Kuwait and increasing pressure on public healthcare facilities, the market still needs to address the demand.
Analysts at Ken Research in their latest publication “Kuwait Hospital Market Outlook to 2022- By Public and Private Hospitals, By Inpatients and Outpatients, By General and Specialty Hospital and By Region (Al Asima, Hawalli, Al Farwaniya, Al Ahmadi, Al Jahra and Mubarak Al-Kabeer)” believe that widening the service portfolio to include tertiary and quaternary care, retaining skilled workforce and encouraging native citizens to enter healthcare industry will help the hospital industry in the country to augment its revenues.
National Insurance Program & Rising Incidents of Chronic Diseases: The implementation of national insurance program and the encouragement provided by the government to private players in terms of incentives has further helped in the development of healthcare industry in Kuwait. The number of outpatients and inpatients has been gradually and continuously increasing owing to the rising incidents of non communicable diseases, gradually ageing population of the country and unhealthy lifestyle of a large portion of population. The country has one of the largest numbers of diabetic patients and bariatric as well as weight reduction surgeries are a norm among the country’s residents.
Change in FDI Regulations: The revision of the FDI regulations has also eased the process of setting up a company in the country. This has encouraged investors and financial houses to invest into the healthcare, specifically hospital sector of the country.
Dominance of Private Sector: The hospital market has been largely dominated by the private sector in terms of revenues, whereas in terms of number of patients and number of hospitals the market is dominated by the public sector. This contrast exists because there is a substantial difference between the average bill size of private and public hospitals.
High Prices of Private Healthcare: The government is considering introducing a cap on the prices charged by the private hospitals, however it is unlikely that such a cap will come into place as the registration and setting up cost of a hospital is itself very expensive in the country. The leading private hospitals in the country are Dar Al Shifa, Al Salam International Hospital, New Mowasat Hospital, Royal Hayat Hospital and Al Seef Hospital. More private hospitals are likely to come in the future.
Key Segments Covered:-
Market Segmentation:-
By Public and Private Hospitals
By Inpatients and Outpatients
By General and Specialty Hospital
By Region (Al Asima, Hawalli, Al Farwaniya, Al Ahmadi, Al Jahra and Mubarak Al-Kabeer)
Key Target Audience:-
Private Hospitals in Kuwait
Private Healthcare companies in GCC
Private Equity Ventures
Time Period Captured in the Report:-
2012-2017 – Historical Period
2018-2022 – Future Forecast
Companies/Hospitals Covered:-
Dar Al Shifa Hospital
Al Salam International Hospital
New Mowasat Hospital
Royal Hayat Hospital
Al Seef Hospital
Keywords:-
GCC Healthcare Industry
Kuwait Hospital Ecosystem
Kuwait Healthcare Key Metrics
Introduction Kuwait Hospital
Number Of Hospitals Kuwait
Kuwait Number Of Hospital Beds
Hospital Market In Al Asima
Hospital Market In Hawalli
Hospital Market In Al Farwaniya
Hospital Market In Al Ahmadi
Hospital Market In Al Jahra
Snapshot On Al Ahmadi Hospital
Future Outlook Kuwait Hospital
Hospital Profile Of Dar Al Shifa Kuwait
Profile New Mowasat Hospital Kuwait
Profile Royal Hayat Hospital Kuwait
Profile Al Seef Hospital Kuwait
For more information on the research report, refer to below link:
https://www.kenresearch.com/healthcare/general-healthcare/kuwait-hospital-market/177074-91.html
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