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Kuwait Hospital Industry Driven by Rise in Population and Increase in Number of Hospitals Beds: Ken Research

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Ken Research

31 Jan, 2019, 14:00 GMT

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GURUGRAM, India, January 31, 2019 /PRNewswire/ --

Kuwait Hospital Market 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).   

  • The hospital market in Kuwait has been dominated by the private hospitals in terms of revenues, while in terms of no. of outpatients and inpatients public sector hospitals  recorded a much larger number than private hospitals.
  • The number of outpatients and inpatients has gradually and continuously increased over the years.
  • The private players in Kuwait hospital market are introducing luxurious value added and hospitality services along with healthcare services to target customers with high paying capacity.

Rise in Number of Inpatients & Outpatients: The hospital market in Kuwait has been supported by the rising number of outpatients and inpatients. The increasing incidence of non communicable diseases and the ageing population have further enhanced the demand for primary, secondary and tertiary healthcare facilities. The healthcare facilities in public hospitals are free for native Kuwaiti citizens and highly subsidized for expatriates. Owing to all these reasons, the pressure on public healthcare facilities has increased significantly. Motivated by its rule in keeping up with the population growth and urban expansion in Kuwait, the Ministry of Health (MOH) in Kuwait signed several contract for designing, equipping, maintenance and expansion of mega projects to build public hospitals and health care centres across the country.

     (Logo: https://mma.prnewswire.com/media/661352/Ken_Research_Logo.jpg )

Rise in No. of Hospitals: Many private players realized the growth potential of the Kuwait hospital market and have invested heavily in building hospitals across the country. The Kuwait hospital market is likely to witness addition of around 15 hospitals in the next five years which will add substantial number of beds in both; the public and private hospitals. The private hospital industry in Kuwait is witnessing a new trend, where luxurious comfort is one of the major selling points for healthcare services. Private hospitals are promoting high end hospitality experience along with state-of-the-art healthcare services.

Improved Availability of Tertiary Healthcare: Rising focus on high revenue intensity streams which includes secondary care, tertiary care and quaternary care and comprehensive health screening programs to increase contribution from outpatients coupled with elevating prevalence of chronic and lifestyle diseases will propel the Kuwaiti hospital market revenue in future.

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.

The market is expected to register a positive CAGR of more than 5% in terms of revenue during the forecast period 2018-2022. The market is further expected to be driven by the rise in expatriate, foreign patients and diversifying to tertiary healthcare services.

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)

Companies/Hospitals Covered: 

  • Dar Al Shifa Hospital
  • Al Salam International Hospital
  • New Mowasat Hospital
  • Royal Hayat Hospital
  • Al Seef  Hospital

Key Topic Covered in the Report 

  • Kuwait Hospital Market Ecosystem
  • GCC Healthcare Market
  • Kuwait Healthcare Market Key Metrics
  • Kuwait Hospital Market
  • Kuwait Hospital Market Segmentation
  • Trends and Developments in Kuwait Hospital Market
  • Regulatory Environment in Kuwait Hospital Market
  • Snapshots on National Insurance Program
  • Snapshot on AL Ahmadi Hospital Run by Kuwait Oil Company
  • Major Hospital Project Development in Kuwait Hospital Market
  • Competitive Scenario Kuwait Hospital Market
  • Kuwait Hospital Market Future Projections, 2017-2022E
  • Analyst Recommendations

For more information on the research report, refer to below link:

https://www.kenresearch.com/healthcare/general-healthcare/kuwait-hospital-market/177074-91.html

Related Reports by Ken Research 

Philippines Hospitals Market Outlook to 2021 - Rising Prevalence of Diseases coupled with Increasing Penetration of Health Insurance to Drive the Market

Ken Research announced its latest publication which provides a comprehensive analysis of the hospitals market in the Philippines. The report includes the cumulative revenue generated by the market players from hospital services including both government and private hospitals. The hospitals of the country have been further explained with details on market share contributed by single specialty and multi specialty hospitals; primary, secondary and tertiary hospitals; and by hospitals operating in various regions of the Philippines. The share by government players has also been provided in detail to clearly explain the present competition scenario in the market. The stakeholders of this report include hospitals, companies involved in research, distribution, and marketing of medical devices used during hospital activities, and the new entrants and venture capitalists who wish to invest in hospitals market in future.

Indonesia Hospital Market Outlook to 2022 - By Public & Private Hospital, By General & Specialty Hospital, By Region

The report provides information on market size for Indonesia Healthcare and hospital. The report covers hospital market segment by public & private hospitals, by general & specialty hospitals and by region along with competitive landscape of major hospitals including Mitra Keluarga Karyasehat Tbk Pt, Siloam Hospitals, PT Sejahteraraya Anugrahjaya, Sarana Meditama, Rumah Sakit Pondok Indah, Surya Husadha General Hospital, Jakarta Eye Center, Rumah Sakit Dr Oen Surakarta, Pertamedika (Rumah Sakit Pusat Pertamina), Kaish Ibu Hospital, Hermina Hospital Group, Awal Bros Hospital Group and Sari Asih. The report concludes with market projections for future and analyst recommendations highlighting the major opportunities and cautions.

Singapore Hospital Market Outlook to 2022 - by Public, Private Hospital & not-for-Profit Hospital, by Inpatient & Outpatient, by Acute, Community & Psychiatry Hospitals

The report provides information on market size for Singapore hospital. The report covers aspects such as hospital market segment (by public, private & not-for-profit hospitals, by Inpatient & Outpatient and by Acute, Community & Psychiatry Hospitals), competitive landscape of major players in the Singapore hospital market including Singapore General Hospital, KK Women's and Children Hospital, Bright Vision Hospital, Changi general hospital, Raffles Medical group, Tan Tock Seng Hospital, Institute of Mental Health, Yishun Community Hospital, Khoo Teck Puat Hospital, IHH healthcare Berhad, and Raffles Medical Group. The report concludes with market projection for future and analyst recommendations highlighting the major opportunities and cautions.

Contact Us:
Ankur Gupta
Ken Research, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

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