A Rise in Healthcare Expenditure by 2030

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Sarah Peddie

The budget spent on healthcare is expected to increase to $160 billion in the Kingdom of Saudi Arabia by 2030, according to Arab Health.

A report by Colliers, which is part of the Arab Health Marker Series, stated that the country’s Compound Annual Growth Rate (CAGR) is at 2.5% which means that the population will rise to 45 million by 2030.

Population growth is one of the main reasons why the expected healthcare expenditure is going up.

The rise of life expectancy, urbanisation and an increase of lifestyle diseases like diabetes and other obesity related diseases are also a key factor as to why the health services will be in high demand.

Looking into the future, the report outlined what the population growth will do to the requirements of healthcare in the kingdom. The new-born to 19 year-old age group is set to rise to 13.7 million by 2030. This means that there will be a high demand for services and facilities for mothers and their children such as obstetrics, gynaecology and paediatrics.

However, this is not the largest increase - that will be felt in the over 60s age group. This age group is expected to grow from just under two million to five million in 2030. This means that there will be a very high demand in geriatric services such as long-term care and rehabilitation.

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