How is Dental Care Services Market Positioned In Saudi Arabia?

Posted on 14 December 2017 by KenResearch Healthcare ,

Oral health is an important part of an individual’s overall health and contributes positively to his physical, mental and social well-being. A good oral and dental hygiene can not only help to maintain healthy teeth and gums but also prevent the risk of serious health issues such as mouth ulcer, mouth cancer and others. Since mouth is a window that reflects into the health of a person’s body, systemic diseases may first become visible because of oral problems. Saudi Arabia dental care service market has majorly propelled in last decade. The number of public dental colleges during 2016 is ~ compared to only ~ colleges back in 2000 which resulted in increasing number of dentists in the Kingdom over the years. In line with growing health and hygiene awareness in Saudi Arabia over the years, oral hygiene witnessed a growing focus amongst consumers. In terms of revenue, the market augmented positively increasing from USD ~ billion during 2011 to USD ~ billion during 2016 at a CAGR of ~% during 2011-2016.

Over the years Saudi Arabia witnessed increasing number of private clinics which strengthened the unorganized sector of Saudi dental service industry during 2011-2016. It has been witnessed that youngsters are very cautious about their looks and style which resulted in rising per capita healthcare spending on dental treatments in the Kingdom. Over the years non Saudi residents have dominated the dental clinic market in terms of number of clinics and dentists, practicing dentistry in the Kingdom. Saudi Arabia has been witnessing increasing number of graduates in dentistry which has aided the overall market growth. Dentists in Saudi Arabia charge higher fees than dentists in underdeveloped country but comparatively lesser than dentists in developed countries. This has resulted in high immigration of foreigners from underdeveloped countries to settle in Saudi Arabia and practice dentistry to earn more money and foreigners from developed countries travel to Saudi Arabia for dental checkups.

Saudi Arabia Dental Care Services Market Segmentation

By Market Structure: It was witnessed that unorganized segment accounted for ~ % (~) of the total number of clinics in Saudi Arabia dental care service market during 2016. It has been witnessed that average ticket size of unorganized segment is relatively lower which attracted customers towards unorganized hospitals. It has been witnessed that organized segment accounted for ~% (~) of the total number of clinics in the Saudi Arabia dental care service market during 2016. The quality of services, use of superior technology and follow up services provided by dental chains has also helped to attract customers.

By Major Cities: In terms of number of clinics, Riyadh has dominated Saudi Arabia Dental Care Service Market by major cities during 2016. Riyadh dominated Saudi Arabia dental care service market accounting for ~% (~) of the total number of clinics during 2016.. Jeddah accounted for ~% (~) of the total number of clinics in Saudi Arabia dental care service market during 2016. Since Riyadh and Jeddah are the principal cities in Saudi Arabia, the healthcare facilities provided in these cities are at par with global standards. Dammam & Al-Khobar jointly accounted for ~% (~) of the total number of clinics in Saudi Arabia dental care service market during 2016.

By Services: The endodontic dental service has been the significant revenue segment in the dental care services market. The root canal treatment and other endodontic services including abscessed teeth and gum, apicoectomy, hemisection, endodontic surgeries, post and core and internal bleaching recorded a share of nearly ~% (USD ~ billion) in the dental care services market revenue during 2016. Prosthodontics service or dental prosthetics mainly includes crowning, bridging and denture care services, which collectively reported ~% (USD ~ billion) revenue share in 2016. Implantlogy accounted for ~% (USD ~ billion) of the overall market share of Saudi Arabia dental care services market during 2016. Orthodontics services occupied the fourth position in terms of revenue generation in the overall dental care services market in the country during 2016. Orthodontics accounted for ~% of the overall revenue of Saudi Arabia dental care service market during 2016. The dental cosmetic services along with restoration services which are increasingly becoming popular especially amongst tourists have contributed a revenue share of ~% in the overall dental care services business in 2016.

Competitive Landscape of Saudi Arabia Dental Care Services Market

Dentists compete with each other and with those in their community because there are not enough resources for everyone to have their first choice of what they want and because the benefits dentists receive depend on their behavior and the behavior of patients, other dentists and health care brokers. As a dentist, it’s imperative to understand local competitive landscape so as to better determine where and when to allocate right marketing resources. Saudi Arabia has huge number of dentists in the Kingdom with both foreign and domestic dentists in almost equal proportion accounting for more than ~ dentists in the Kingdom during 2016 which has resulted in intense competition amongst all.

In terms of revenue and number of clinics, Al Muhaidib is the market leader in Saudi dental care services market. Al Muhaidib accounted for ~% of the overall revenue share of major players in dental care market in Saudi Arabia during 2016. With ~ branches in Riyadh and remaining ~ spread across Saudi Arabia, Al-Muhaidib Dental Clinics has been serving its patients for the past 25 years. Ram Dental Clinic followed Al Muhaidib in terms of revenue share of major players accounting for ~% of the total revenue during 2016. The clinic is known for using latest diagnostic and therapeutic techniques trustworthy locally and internationally. The clinic has a wide network of branches across KSA & Bahrain and it is aiming to expand it further within the GCC region. Cham clinic is one of the leading players in Saudi Arabia dental care service market in terms of revenues.

Cham Clinic accounted for ~% of the total revenue share in Saudi Arabia dental care market. Avicena Centers has ~ branches in Saudi Arabia in Dammam, Qatif, Khobar and Jubail. Avicena Center accounted for ~% of the overall revenue of major players in Saudi dental care service market during 2016. FRB dental clinic ranked fifth in Saudi Arabia dental care service market in terms of revenue during 2016 accounting for ~% of the total revenue. Major business strategy adopted by FRB Dental Clinics is a conservative approach toward expansion process. Their service offering is mostly at affordable price range and target almost all income group customers. Other major dental clinics in the market include Samaya Clinic, Kadoon Clinics, Dima Dental, Star Smile Dental Clinic, Orchid Dental and Sigal Dental Clinic.

Source: https://www.kenresearch.com/healthcare/general-healthcare/saudi-arabia-dental-care-market/142283-91.html

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Average rental rates in Riyadh Office Real Estate market: Ken Research

Posted on 13 December 2017 by KenResearch Manufacturing And Construction ,

The rental rate charged by office real estate developers in Riyadh varies across different building categories as well as location. It is evident that average rental rates across major business streets such as King Fahad road and Olaya Street are much higher because of better location and infrastructure facilities. Within these areas the rent may vary depending on net area under lease, whether the company is private or government owned as well as type of company. As reported at the end of March 2013 rental rates were SAR ~for Grade B offices and SAR ~ in Grade A office buildings. Rental rate at the end of 2016 was estimated at the average value of SAR ~. Rentals were lowest in Ayesha bint Abu Bakkar road and maximum on Northern ring road.

Saudi Arabia Office Real Estate Market

Government’s aim to diversify the economy has attracted the development of manufacturing and services sector to open their businesses in Saudi Arabia creating a substantial demand for office spaces in the country. Private participation has further boosted the development and demand of office space in Saudi Arabia. Programs such as Vision 2030 were launched in April 2016 and National Transformation Program (NTP) was launched in June 2016 with an aim to develop different sectors of the economy

and country are expected to give positive boost to the economy. Riyadh will continue to lead the office real estate market in Saudi Arabia followed by Jeddah.

What is the potential of Riyadh office real estate market?

The total office real estate supply in Riyadh increased from ~ million square meters during 2013 to ~ million square meters of gross leasing area during 2016, registering a CAGR of ~% during the same period. Demand during the same period was lower than the supply. Total occupied office space increased from ~ million square meters during 2013 to approximately ~ million square meters during 2016, achieving a CAGR of ~% during the same period. Completion of Alajlan Tower (~ Sq m) and Al Tamaiouz Tower (~ Sqm), Olaya towers, MIG tower made significant contribution to the retail office space during the estimation period of 2013-2016.

Constant oversupply in the market has made the rental stay stable.On analyzing the supply demand gap market in Riyadh office real estate market it was observed that the gap was on constant increase mainly due to addition of more and more office space area even though the demand was less and vacancy of existing properties was on rise. In 2013, the office supply exceeded the demand by ~ thousand square meters which increased to ~ thousand square meters in 2016. Demand was on decline mainly due to fall in oil prices which have badly hit the economy affecting the opening and expansion of business leading to poor demand for office space rentals.

Riyadh office real estate market segmentation by location

Central Business District was the key offices real estate market in Riyadh accounting for ~% (~ Sqm) of the net GLA available for leasing and renting in 2016. Most of the office buildings are located in close proximity to King Fahad Road and Olaya Road. Many Grade A office spaces are located in this region of the city making it a prime office location in the country. The city core area supply ~% of the GLA with the average rentals in the city core which comprises locations like King Saud Road, Salahuddin Ayoubi Road range between SAR ~ to SAR ~ per square meter. The northern part has emerged as the new region for developing office spaces in the Riyadh. In 2016, only ~% of the office spaces in

Future outlook to office demand and supply

Supply of office real estate is expected to increase from ~ million square meters in 2017 to ~ million square meters in 2019 which will further rise to ~ million square meter in 2021 Completion of Riyadh metro will make north a more attractive option for new and upcoming offices. It is expected that completion of KAFD, ITCC and Nakhla tower will add an estimated ~ million square meter. This will make the northern part of Riyadh a key office destination replacing CBD. Majority of the office space developed in this area is of the A and B type. Governments plan to cut down the staff by ~% may have negative impact on the Riyadh office space market, however plans such as Vision 2030 and NTP 2020 is expected to have positive impact on the demand for office spaces in the city.

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

Source: https://www.kenresearch.com/manufacturing-and-construction/real-estate/riyadh-office-real-estate-market/142284-97.html

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South Africa Seed Market is led by Increase in Local Consumption of Seeds, Increase in Net Farm Income and Gradual Growth of Food and Seed Export to African Countries : Ken Research

Posted on 12 December 2017 by KenResearch Agriculture and Animal Care ,

South Africa Seed market size, market segmentations by open pollinated, hybrid and genetically modified seeds, by crop type (wheat, soybean, oats, sorghum, barley, dry bean, maize, ryegrass, triticale, vegetable seeds), by market structure (organized and unorganized market) and by market source (domestic production and exports). The report also covers market in different aspects such as decision making parameters to choose a seed producer, trends and developments, issues and challenges, SWOT analysis, regulatory scenario, market share of major seed producers, recent industry activities and opportunities, company profiles of major seed producers (DuPont Pioneer, Rijk Zwaan, Monsanto South Africa, Pannar Seed (Pty.) Ltd., Sakata Seed Southern Africa (Pty.) Ltd., Syngenta Seed South Africa (Pty.) Ltd.) in seed market. The report provides detailed overview on future outlook & projections with analyst recommendations for the industry.

2017 | South Africa News

  • Seed market in South Africa has been supported by increase in local consumption of seeds and crops along with gradual stabilization of seeds and food export to other African countries.
  • Increase in net farm income coupled with development of newer varieties of seed and increase in trade across the globe will lead to market growth in upcoming years.

South Africa seed market is expected to show promising growth over the next five years on account of gradual increase in consumption within the country and export of seeds and crops to other African countries. The SADC countries are fast growing markets and a great opportunity for the seed market of South Africa. Efforts by South African National Seed Organization (SANSOR) to increase the international trade across the globe by active representation at international platform and subsequent promotion will substantially boost the international export and benefit the South African seed market.

Major players such as DuPont Pioneer, Monsanto, Pannar, Syngenta, Sakata and others are continuously innovating and developing newer seeds with higher crop yield and greater resistance to diseases. Such improvements in the Research and Development sector with industry friendly government policies will result in future market growth. The companies are expected to increase their production gradually and in line with the increase in demand of seeds from other African countries.

Ken Research in its latest study, South Africa Seed Market by (Open Pollinated, Hybrid and Genetically Modified Seeds), by Crop Type (Wheat, Soybean, Oats, Sorghum, Barley, Dry Bean, Maize, Ryegrass, Triticale, Vegetable Seeds) - Outlook to 2022, suggests that demand for seeds in the South African market will grow at a modest rate owing to increase in local consumption of seeds and crops along with growth in export of food and seeds to African countries. 

Key Topics Covered in the Report:

  • South Africa Seed Market Research Report
  • South Africa Seed Market Size
  • South Africa Seed demand in 2017
  • Competition South Africa Seed Industry
  • Major crop South Africa seed market
  • Market Share of Major Players in South Africa Seed
  • South Africa's Agronomic Seeds Exports
  • Future Outlook for South Africa Seed
  • South Africa seed future growth expected
  • Hybrid seed demand South Africa Seed market
  • GM seed demand South Africa Seed Market
  • DuPont South Africa Revenue from Seed
  • Pannar Seed Production South Africa
  • Sakata South Africa market share
  • Rijk Zwaan sale seed South Africa Market
  • Monsanto South Africa market share seed


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

https://www.kenresearch.com/agriculture-and-animal-care/seed/south-africa-seed-market/142288-104.html

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Global Surgical Robotics Market is Expected to be Led by New Product Launches and Rise in Number of Medical Surgeries: Ken Research

Posted on 11 December 2017 by KenResearch Healthcare ,

At least 7 surgical robots are expected to be commercially launched in the US and European markets by 2021. As of 2016, only 14% of the 4 million applicable soft tissue surgeries were performed using robotic surgical technology in the US and the penetration of surgical robots was even lower in other developed countries. This highlights enormous potential for robot-assisted surgeries going forward.

The number of total hip replacement procedures in the US was approximately 400,000 each year, and is expected to increase threefold by 2030. The demand for total-knee replacements is expected to increase more than six fold by 2030 from current 500,000 each year. Within five years, 1/3rd of all surgeries in the US, more than double the current levels, are expected to be performed with robotic systems.

Countries such as Germany, France, Portugal, Belgium, Sweden, Denmark, Netherlands, Italy and the UK spent between 7-9% of their GDP on healthcare every year. Approximately, 160,000 total hip and knee replacement procedures are performed each year in the UK. In France, more than 90,000 total knee arthroplasty procedures are performed every year. More than 90,000 total/partial hip replacement procedures and over 70,000 total knee replacement procedures are performed each year in Germany.

According to a recent study evaluating historical procedure rates and population projections by the US Census Bureau, the number of total hip replacement procedures in the US was approximately 400,000 each year, which is expected to increase threefold by 2030. The key factors driving the growth of the robotic surgery market are rising incidence of chronic disease, growth in minimally invasive surgery (MIS), and incline in number of surgical robots getting clearance from regulatory authorities. The market is also expected to grow due to technological innovations such as the capsule robot system, software/applications and imaging system, increasing geriatric population base and increasing per capita healthcare expenditures.

The global market for robotic surgery is quite fragmented and highly competitive, apart from the fact that the leading player has a clear dominance and first mover advantage over others. Technological advancements and new product launches will increase the level of competition in the already competitive market. The fact that all companies developing surgical robots also provide accessories and consumables required for every surgical procedure, and also provides round the clock service / maintenance support will further intensify the market’s competitive environment.

The report titled “Global Robotic Surgery Market by Region (North America, Europe, Asia Pacific and ROW), by Product Type (Surgical Robot System, Instruments and Accessories and Services) – Outlook to 2022” by Ken Research suggested the global robotic surgery market is anticipated to grow at a CAGR of 22.5% during the period 2017-2022 to reach over USD 11.2 billion by 2022.

Source: https://www.kenresearch.com/healthcare/medical-devices/global-robotic-surgery-market/142287-91.html

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Riyadh Office Real Estate Supply Registered CAGR of 6% during 2013-2016: Ken Research

Posted on 06 December 2017 by KenResearch Manufacturing And Construction ,

Saudi Arabia office real estate market (purchase/lease, Manufacturing and service sector contribution, Contribution of Oil and Gas Sector); Regulatory environment and Investment structure; Riyadh office real estate market by (demand and supply, Average rental rate, by location); Case Study on (Elegance Tower, Al Saedan Towers, Tijan Plaza, Hamad Tower, Tatweer Tower) 

December 2017 |Riyadh News 

  • Constant supply of office space in the market will keep the rental at constant level with very little fluctuation.
  • Demand for office space is expected to rise as contribution of banking, insurance, tourism and business processes in services sector rise in the economy.
  • Government initiatives to ease FDI and promote private participation in finance of real estate and other businesses is expected to boost the supply as well as demand market in the Riyadh office real estate market. 

Supply of office real estate is expected to register constant increase with positive CAGR during 2017-2021. As grade A and B office space development have concentrated primarily on King Fahad and Olaya roads in Al Olaya district traffic congestion, lack of parking spaces and increasing rents has led the upcoming developments scattered along different arterial roads predominantly on northern side of the city. Completion of Riyadh metro will make north a more attractive option for new and upcoming offices. It is expected that completion of KAFD, ITCC and Nakhla tower will add over a million square meters. This will make the northern part of Riyadh a key office destination replacing CBD. Majority of the office space developed in this area is of the A and B type. Governments plan to cut down the staff by 20% may have negative impact on the Riyadh office space market, however plans such as Vision 2030 and NTP 2020 are expected to have positive impact on the demand for office spaces in the city.

Demand for office real estate is expected to remain positive however rental rates will register fluctuation remaining almost constant at around its 2016 level. Governments focus on promoting financial inclusion, connectivity services and manufacturing sector will create majority of the future demand for office space in the city. Riyadh employs more than quarter of the workable population in Saudi Arabia and will continue its dominance in workforce employment creating huge demand in future. 

Ken Research in its latest study, Riyadh Office Real Estate Market by Major Projects (Elegance Tower, Al Saedan Towers, Tijan Plaza, Hamad Tower, Tatweer Tower) -Outlook to 2021, observed that North will emerge as the new centre for office real development. Dedicated areas catering to specific set of industries will boost the development of clusters which will create well defined demand for specific type of offices. Government role in easing norms for foreign investment and way of living for expats in certain areas will help it to attract best talent to develop the country and business.

Riyadh office real estate market is estimated to register a positive CAGR during 2017-2021. The report provides information on the supply and demand of office space in Riyadh along with explanation for supply and demand gap. It also covers the distribution of office space by major regions in the city and average rental rates for different types of buildings.

To know more, click on the link below:

https://www.kenresearch.com/manufacturing-and-construction/real-estate/riyadh-office-real-estate-market/142284-97.html

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Office Real Estate Market in Riyadh Led by Demand from Private Sector of Economy: Ken Research

Posted on 06 December 2017 by KenResearch Manufacturing And Construction ,

Focus on diversification of economy, promotion of manufacturing and services sector and demand from services related to rising number of industrial unit led the growth in demand for office space in Riyadh.

Saudi Arabia is a key oil exporting country in the world and in the past few years has witnessed significant rise in other form of industries and services including energy, education banking and other service. This diversification of economy has created a significant rise in demand for office spaces across the country and especially in the capital city of Riyadh. Private players are the key participants in the rental office real estate market with small contribution coming from government agencies.  During the period 2013-2016 office real estate market has registered constant increase in demand and supply with supply exceeding the demand all the time. Rentals have remained nearly constant for most of the period and were dependent on type and area of the office. Demand was maximum in the central business district which occupies the major portion of the office space supply in the the city of Riyadh.

Rising share of private participation in the economy, entry of large number of foreign companies and positive developments in services and manufacturing sector along with growing participation of Saudi and women workforce promoted the demand for office space which is expected to continue in future. Demand for office space in Riyadh may face stiff competition from office space development in Jeddah and other cities. Government support will continue to play a key in creating new jobs and diversification of economy from oil and gas creating additional demand for office space in the city.

The report titled Riyadh Office Real Estate Market by Major Projects (Elegance Tower, Al Saedan Towers, Tijan Plaza, Hamad Tower, Tatweer Tower) -Outlook to 2021by Ken Research suggested that a Total occupied office space increased from 1.9 million square meters in 2013 to approximately 2.2 million square meters during 2016, achieving a CAGR of 4.4% during the same period. In 2016, the supply demand gap continues to exist even though the delay was observed in delivery of mammoth office spaces in KAFD

Source: https://www.kenresearch.com/manufacturing-and-construction/real-estate/riyadh-office-real-estate-market/142284-97.html

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Saudi Arabia being the Third Largest GCC Country by Number of Dentist per 10,000 Residents will Witness Considerable Growth in Dental Clinic Industry: Ken Research

Posted on 05 December 2017 by KenResearch Healthcare ,

Increasing Awareness for Oral Healthcare, Introduction of Modern Dentistry Technology, Rising Number of Dental Clinics and Surging Popularity of Dental Tourism were the key factors driving growth in Saudi Arabia Dental Care Services Market.

In line with growing health and hygiene awareness in Saudi Arabia over the years, oral hygiene witnessed a growing focus amongst consumers. Over the years Saudi Arabia witnessed increasing number of private clinics which strengthened the unorganized sector of Saudi dental service industry during 2011-2016. There is a rise in per capita healthcare spending on dental treatments in the Kingdom. Saudi Arabia has been emerging as a preferred destination for dental tourism in the world mainly due to the relatively affordable services. Favorable exchange rate coupled with comparatively high standards of treatment has been acting as a catalyst to promote Saudi Arabia’s dental tourism. It has been observed that tourists are able to enjoy luxury holiday and get their dental treatment done for as less as half of the cost of having the treatment in their home countries.

Over the past few years, there has been a tremendous growth in the number of corporately run dental chains trying to create a stronghold in Saudi Arabia. Use of advanced technology coupled with experienced doctors has resulted in expansion of organized dental chains across Saudi Arabia. The dental service industry is benefitted from initiatives to raise awareness about dental health, in addition to increased media coverage. Consumers are educated about oral care by leading brands such as Colgate which has aided the overall Saudi Dental Service Market. A lot of initiatives have been introduced on the health front, which formidably contribute towards a changing scenario in all the allied fields of healthcare. Saudi Arabia has announced new norms which will restrict foreigners and expatriates to practice dentistry in the Kingdom which will attract more Saudis towards dentistry as a profession.

Saudi Arabia is poised to be one of the fastest growing dental care service markets worldwide, thus catering to the needs of both global and domestic consumers.

The report titled “Saudi Arabia Dental Care Market by Services (Endodontic, Prosthodontics, Implantlogy, Orthodontics, Cosmetic Dentistry, Periodontics, Others), by major cities (Riyadh, Jeddah, Dammam & Al-Khobar, Others) – Outlook to 2021” by Ken Research suggested Riyadh dominated Saudi Arabia dental care service market and accounted for 50% of the total number of dental clinics during 2016.

Source: https://www.kenresearch.com/healthcare/general-healthcare/saudi-arabia-dental-care-market/142283-91.html

 

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Hi-tech developments in entertainment to boost the theme parks market in Middle East

Posted on 01 December 2017 by KenResearch Media and Entertainment ,

The Middle East government is making efforts to increased tourism which is the key factor for the growth in theme parks. Investments by international players are expected to fuel the Middle East Theme Parks market over the coming years. It was observed that there is a continuing inflow of tourists which is shaping the Middle East theme parks along with a favourable investment and climate. Annual international events are usually organized in Middle East which is increasing the diversity of theme parks. Modernised theme parks have enhanced the stay of tourists with increasing supply of hotel rooms at a reduced price and had positive impact on the tourism sector.

According to the study “Middle East Theme Park Market Outlook to 2021 - Increasing Number of Foreign Visitors and New Theme Parks in Pipeline to Foster Future Growth”, every individual entering any theme park in Middle East need to pay an admission fee which generates huge revenue. Well established restaurants and eateries are present within the theme parks to cater to the increasing tourists needs which generate huge revenue. Middle East theme parks are designed with international standards, improved technology and safety which are attracting huge number of tourists. Saudi Arabia theme park market dominates the Middle East theme park market with a huge share in terms of revenue in the recent years with increase in tourists and this trend is ongoing.

The theme parks market is spread across UAE, Saudi Arabia, Qatar, Jordan and Kuwait regions in the Middle East. Sparky’s, Metropolis and Vortex are indoor family entertainment centres in Middle East theme parks which undergo technological upgrades regularly to meet the changing demands of customers. Flow House Waterpark in Kuwait was launched in September 2016 and attracts more tourists to the theme parks market in this region. Warner Bros amusement park in UAE and Kidzmondo theme parks in Saudi Arabia are yet to be launched by the end of the year, 2017. These two theme parks are anticipated to positively impact the overall Middle East theme parks market over the coming years.

The leading players in the Middle East theme parks market are Abha Palace Theme Park, Adventureland, Al Hokair Group, Al Hokair Land, Al Shallal Theme Park, Aqua Park, Aquaventure, Atallah Happy Land Park, Bollywood Parks, Circus Land, City Center, Doha Toys Town, Dreamland Aqua Park, DXB Entertainment, Fakieh Group , Fantasia Land, Fantasy Island, Ferari World, Fun Ville, Funday, Funville, Gondolania, HappyLand, Happyland Water Park, Iceland Water Park and Fun City, Jungle Land, Jungle Zone, King Fahd Park, Legoland Dubai, Legoland Waterpark, Luna Park, Majid Al Futtaim, Motiongate, Star City, Wild Wadi, World of Adventure, and Yas Waterworld.

Theme parks are a primary destination for enthusiastic consumers. Changing trends in consumer’s lifestyle, increase in consumer spending limit and technology developments in animatronics, hydraulics and pneumatics add hi-tech thrills to entertain consumers. Use of simulation, virtual reality and augmented reality technologies are gaining momentum. Almost all the Middle East theme parks provide high quality balanced family entertainment for all ages of consumers. Smart wristbands, smart applications, customized mobile applications, holiday related promotions are few of the outstanding IoT technology based benefits offered by the Middle East theme parks.

A partnership was established between investment groups and global players such as Warner Bros., Six Flags and SeaWorld to develop hi-tech theme parks in Middle East by the year 2020. There are major mega-projects under development in United Arab Emirates such as theme parks and safari parks. The theme parks in Middle East employs over 18,000 attendees in the hospitality sector as heads of major hotels, leisure resorts, spas, theme parks, aquariums, shopping malls and other areas.

Various stringent safety systems were installed in the theme parks to avoid any injuries during entertainment rides. Innovative hi-tech coasters are embedded with thousands of sensors to analyze load, air pressure, and weather conditions during launch. The new theme parks which are under construction may be incorporated with advanced robotics and automatically guided vehicles. New theme parks anticipated to be established in the countries of the Middle East will surely add to the overall revenues of the theme parks market. The theme parks sector in Middle East will witness a huge transformation in UAE’s leisure and entertainment offering. Middle East leisure and entertainment market will witness a whooping growth over the coming years with more international tourists, and ever increasing population.

To know more, click on the link below:

https://www.kenresearch.com/media-and-entertainment/gaming-and-gambling/middle-east-theme-park-market/111402-94.html

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Evolution in Saudi Arabia Infrastructure Is Driving the Growth of Foodservice Sector: Ken Research

Posted on 01 December 2017 by KenResearch Food and Beverage ,

Saudi Arabian economy had a drastic impact with the fluctuating oil prices and government carried out major reforms to control consumers public spending. Inflation of petrol, introduced taxes and VAT on sugary drinks, energy drinks and tobacco and other wide range of products were a part of country’s economy downtrend. The food services industry consists of Quick Service Restaurants (QSR) channel and Full Service Restaurants (FSR) channel along with catering services. Full Service Restaurants (FSR) in Saudi Arabia is the leading channel with close to fifty percent share of profit in terms of sales. The coffee and tea shop channels in Saudi have a relatively small share in the Saudi Arabian food service market due to consumers opting for more energy beverages than coffee or tea. Quick Service Restaurants and Full Service Restaurants growth is very slow due to less transactions and lack of alcoholic beverage service. Saudi is not sufficiently developed in the restaurant alcoholic beverages service sector. The restaurants in Saudi Arabia are generally for broad occasions with family or friends. The food service companies are restaurants, fast food, cafés/bars, delivery and takeaway food service, and others food service. The leading foodservice companies in Saudi Arabia are Dine Equity, Domino's Pizza, Herfy, Kudu, Piatto, Maestro Pizza, McDonald's, Pizza Hut, The Savola Group, and Yum! Brands.

According to the study “Saudi Arabia-The Future of Foodservice to 2021”, many foodservices are introducing a wide range of healthy and nutritious meals in their food menu attracting more health conscious consumers. These foodservice chains offer half or full-size salads containing fresh vegetables. There is a stiff competition among the foodservice providers based on pricing, product quality and packaging innovation, quality of food, service, menu variation, and calories intake per meals. The improved living standards, increased disposable incomes, and altered customer lifestyles in Saudi Arabia are the major factors driving the growth of the food service market.

Catering services is another major sector in the foodservice market. The major end users of the catering services are Industrial/Construction, Hospitality, Education, Corporate, Flight, Healthcare and others. To develop the infrastructure of the country’s economy and to reduce the dependence on oil sectors, the Saudi Arabia government has invested in many construction activities. This is a major factor that affected the growth of the catering service in foodservice sector. With the development of many industries in the areas of education, technology, health, textiles, energy and other has demanded for catering services for their employees. Industrial catering services has accounted for the largest revenue share in the recent years followed by the hospitality sector such as hotels, hajj catering and corporate event catering. The catering services in Saudi witnessed an increasing use of technology and modern methods of production such as online ordering apps, vehicle tracking systems and inventory management platform.

The major players in the catering sector in Saudi Arabia are Gulf Catering Company, Nesma trading Co. Ltd., Algosaibi Services, Saudi Airlines Catering Company, Saudi Catering and Contracting Company and Tamimi Global Company Ltd. Gulf Catering and Saudi Airlines Catering Company have invested heavily in technology to ensure premium quality food and service. The Saudi Arabian catering services market in the foodservice sector is expected to grow drastically over the coming years.

Saudi Arabia is witnessing a downtrend in the economy with fairly high unemployment rate, and population growth. The young and urban population in the country will surely continue to drive a strong growth in Quick Service Restaurants (QSR) by the year 2021. The Full Service Restaurants in Saudi will account for nearly fifty percent of the foodservice sector in the near future. The urbanized youth in Saudi depend on the foodservice, for socialization, nourishment, and supporting the growing roles of women in all fields and help in contributing the growth of the foodservice sector. This growth will predominantly increase the numbers of transactions and inflation in the country. Westernized lifestyle also encourages more occasions to eat out. The ever rising population, increase in privatization, demand for skilled workforce and sedentary lifestyle of Saudi Arabian nationals are the major factors driving the future of foodservice market.

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Colombia-The Future of Foodservice to 2021

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Prevalence of chronic lifestyle diseases demand for quality healthcare in Saudi Arabia

Posted on 30 November 2017 by KenResearch Healthcare ,

Saudi Arabia is witnessing a fast-growing population along with increase in major lifestyle-related illnesses such as diabetes and obesity. These are the major factors affecting the growth of the healthcare providers and demand for quality healthcare. Saudi government has created many medical opportunities and attracted health professions in the recent years. A number of medical, nursing and health schools were introduced in the country to reform and provide quality healthcare to the population. A total of 73 private and government colleges for medicine, health, nursing and health institutes were established in Saudi Arabia. Saudi Arabian government need to implement new laws and regulations to develop and reorganize medical human resources within the country.

Saudi Arabia healthcare market research report

The Kingdom of Saudi Arabia offers free health facilities to all its citizens and has always remained the priority sector. The government also extend its help by paying for all medical charges incurred even outside the country. The Saudi Arabian healthcare system consists of three service providers namely Ministry of Health (MoH) hospitals, government hospitals and private hospitals. Ministry of Health (MoH) runs over 60% of the hospitals and primary healthcare clinics in the country while private hospitals account for around a quarter of the health care infrastructure available within the country.

With the growing population, it is estimated that the future demand for healthcare facilities will increase rapidly. Despite huge spending in healthcare facilities in Saudi Arabia, the health care infrastructure needs to be improved to match the international standards. More privatization in the healthcare sector within the country may be useful to bridge the void in healthcare service. The major healthcare projects which are due completion in Dammam, Jubail, Riyadh, and Jizan are expected to start operations by the end of the year 2017. Therefore, it creates over 2,000 jobs for young Saudi nationals in the almost all fields of nursing, procurement, marketing, administrative affairs, pharmacy, safety and security.

Saudi Arabian government is in quest of foreign investments for its healthcare industry.  The government plans to convert government-owned hospitals and primary care centers into better-run corporations. The country has welcomed US companies to invest in their various healthcare and pharmaceutical services. The U.S companies are permitted to invest 100 percent directly or collaborate with local partners to develop well-defined healthcare services in Saudi Arabia. The country is encouraging privatization in almost all industrial sectors to refurbish its economy, shrink its budget scarcity and wean itself off oil being the major government revenue.

According to the study “Healthcare Providers in Saudi Arabia”, the country has about roughly 150 major healthcare infrastructure projects in the pipeline due completion by the year 2021. Among these projects are a few health cities enabling environment and resources that will witness key reforms to the healthcare sector. The largest health city would be King Abdullah Medical City in Dammam, followed by King Abdullah Medical City in Makkah Province and King Faisal Medical City in Abha. All of which will entertain excellent healthcare services in the country by the year 2021. All these projects are part of Saudi Arabian government’s long-term plans for economic and social development in the country under the project name Vision 2030.

Vision 2030 project is mainly to improved access to health facilities and greater transparency along with increased adoption of technology. By the year 2030, 70% of the Saudi population will have a unified digital medical record with the effect of the project. Most of the funds are spent in boosting infrastructure along with the degree of involvement in providing health services, planning, regulatory and supervisory functions in health care. Sauid’s healthcare market is vast that accommodates room for several other private sector players.

Privatization of public hospitals in Saudi is expected to bring a number of advantages to the government and to the nation. Privatization speeds up decision-making, reducing the government’s annual expenditure on health care, producing new financial sources for the MOH and improving health care services. However, privatization has negative effects such as attracting population who do not require hospital-level care. Also, people with health coverage may prefer to access big hospitals directly instead public hospitals or community hospitals.  A major drawback of privatization is that the public hospitals may not be able to absorb enough of the health care market unlike the private hospitals, unless and until its upgraded at all levels such as management, infrastructure and workforce. Privatizations of government hospitals focus their activities only in cities and larger communities, leaving people in rural areas at a disadvantage. The Saudi government should make regulations to protect the rights of rural communities by providing them with fair and equitable healthcare services.

The increasing disease pattern from communicable to non-communicable diseases in the country has become a challenge that needs more attention from the Ministry of Health (MoH). The prevalence of chronic lifestyle diseases, such as diabetes, hypertension, and heart diseases, cancer, genetic blood disorders and childhood obesity are rapidly increasing which need immediate healthcare.

Healthcare services in the country are of highly fragmented nature such as in terms of service providers, pharmaceuticals and insurance providers. Ministry of Health (MoH) in Saudi has developed national strategies to meet the challenges in healthcare system and to improve the quality of healthcare services. Over the recent years, with continuing attention in the healthcare sector in Sauid Arabia has improved the health of the population remarkably. The strong growth in healthcare fundamentals along with the increasing population and regulatory changes, the healthcare sector is expected to experience robust growth in the coming years. It was observed that the healthcare market in Saudi could witness a sea of changes in the coming years.

Related Reports:

Healthcare Providers in Middle East

Healthcare Providers in Asia-Pacific

 

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Ken Research

Ankur Gupta, Head Marketing & Communications

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