Saudi Arabia Health and Medical Insurance Market to Reach USD 13.74 Billion by 2030 Growing at 6.5% CAGR – Says Mordor Intelligence

Saudi Arabia Health and Medical Insurance Market Outlook 

According to Mordor Intelligence, the Saudi Arabia Health and Medical Insurance Market is on a steady growth trajectory, with the market expected to reach USD 13.74 billion by 2030. Current reforms under Vision 2030, alongside mandatory insurance expansions and digital adoption, are driving significant growth in the sector. The market encompasses individual and group insurance, various coverage types, and multiple distribution channels catering to both corporate and individual clients. 

Saudi Arabia Health and Medical Insurance Market Key Trends 

1. Mandatory Coverage Expansion 

Increasing health insurance access for dependents and underserved populations across private-sector employees. 

2. Digital Claims Processing 

Streamlining reimbursements and reducing administrative workload through real-time, technology-driven insurance platforms. 

3. Group and Individual Plans Growth 

Rising preference for employer-provided group coverage alongside growing interest in individual policies. 

4. Wellness and Telehealth Adoption 

Expanding offerings include preventive care, remote consultations, and mobile-friendly healthcare services. 

Check out more details and stay updated with the latest industry trends, including the Japanese version for localized insights: https://www.mordorintelligence.com/ja/industry-reports/market-entry-health-medical-insurance-industry-in-saudi-arabia?utm_source=Industrytoday.co.uk  

Saudi Arabia Health and Medical Insurance Market Segmentation 

By Insurance Type: 

• Individual Health Insurance 
• Group Health Insurance 

By Coverage Type: 

• Inpatient Cover 
• Outpatient Cover 
• Maternity Cover 
• Dental Cover 
• Optical Cover 
• Critical-Illness Riders 
• Wellness/Telehealth Add-ons 

By Plan Tier: 

• Bronze, Silver, Gold, Platinum 
• Employer Self-Funded (ASO) 

By Insurance Model: 

• Co-operative (Takaful) 
• Conventional 

By Distribution Channel: 

• Insurance Brokers 
• Bancassurance 
• Direct Sales Agents 
• Digital Aggregators & InsurTech Platforms 
• Corporate In-house Sales 

By End-User: 

• SMEs (<250 employees) 
• Large Corporates 
• Expatriates 
• Saudi Nationals in Private Sector 
• Government Employees (Supplemental) 
• Self-Employed / Individual Citizens 

By Region: 

• Central (Riyadh) 
• Western (Makkah & Medina) 
• Eastern Province 
• Northern Region 
• Southern Region 

Saudi Arabia Health and Medical Insurance Market Companies 

• Bupa Arabia for Cooperative Insurance 
• Tawuniya (The Company for Cooperative Insurance) 
• MedGulf (Mediterranean & Gulf Cooperative Insurance & Reinsurance) 
• Al Rajhi Company for Cooperative Insurance (Al Rajhi Takaful) 
• Saudi Arabian Cooperative Insurance Company (SAICO) 

Dominating Country 

Saudi Arabia leads the Middle East health insurance market, supported by government mandates, national healthcare initiatives, and digital integration. Expansion of mandatory coverage, particularly for dependents, has grown the insured population, while small and medium enterprises and urban areas drive increasing demand. Modern digital platforms and e-claims processing streamline insurance operations, improving efficiency and customer experience. 

Saudi Arabia Health and Medical Insurance Market Conclusion 

The Saudi Arabia Health and Medical Insurance Market continues to grow steadily, fueled by regulatory support, expanding coverage, and the adoption of digital solutions. Increasing awareness among individuals and corporates, combined with enhanced service delivery through technology, is strengthening the market’s overall efficiency and accessibility. With ongoing reforms and a focus on comprehensive healthcare, Saudi Arabia is well-positioned to maintain its leading role in the regional health insurance sector. 

Get the latest industry insights on the Saudi Arabia Health and Medical Insurance Market: https://www.mordorintelligence.com/industry-reports/market-entry-health-medical-insurance-industry-in-saudi-arabia?utm_source=Industrytoday.co.uk  

Explore related reports from Mordor Intelligence 

Turkey Health and Medical Insurance Market: https://www.mordorintelligence.com/industry-reports/turkey-health-and-medical-insurance-market?utm_source=Industrytoday.co.uk  

UAE Health and Medical Insurance Market: https://www.mordorintelligence.com/industry-reports/uae-health-and-medical-insurance-market?utm_source=Industrytoday.co.uk  

MENA Health and Medical Insurance Market: https://www.mordorintelligence.com/industry-reports/mena-health-medical-insurance-market?utm_source=Industrytoday.co.uk  

About Mordor Intelligence: 

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