The Saudi Arabia-connected healthcare market is projected to grow from $1.13 Bn in 2022 to $9.15 Bn by 2030, registering a CAGR of 29.9% during the forecast period of 2022 - 2030. The main factors driving the growth would be government support, technological advancements, increasing investment in the sector, increasing prevalence of chronic diseases. The market is segmented by type, function and application. Some of the major players include Cura, Seha Virtual Hospital, Saudi Telecom Company, GE Healthcare, Honeywell and Apple.
The Saudi Arabia-connected healthcare market is projected to grow from $1.13 Bn in 2022 to $9.15 Bn by 2030, registering a CAGR of 29.9% during the forecast period of 2022 - 2030. In 2019, Saudi Arabia spent 5.69% of its GDP, or $1,316.26, on public health care. There are many opportunities for growth in this high-potential industry, and the Saudi government continues to give healthcare a top priority.
With the government spending extensively on modernising the healthcare system and enhancing access to healthcare services for its residents, Saudi Arabia is quickly becoming as a centre for healthcare innovation and technology. The proliferation of connected healthcare solutions in Saudi Arabia is one of the most significant advancements in this area.
Telemedicine service providers, producers of medical equipment, and start-ups in the digital health sector are some of the major stakeholders in Saudi Arabia's connected healthcare business. These businesses are utilising cutting-edge technology like artificial intelligence, the Internet of Things (IoT), and big data analytics to create novel solutions that can enhance patient outcomes and lower healthcare expenses.
Market Growth Drivers
The Saudi Arabia-connected healthcare market is expected to be driven by factors such as:
The following factors are expected to limit the growth of the connected healthcare market in Saudi Arabia:
1. Report Description of the Saudi Arabia Connected Healthcare Market
1.1 Research Scope and Assumption
1.2 Objective of the study
1.3 Research Methodology
1.4 Reason to buy the report
2. Saudi Arabia Connected Healthcare Market Executive Summary
2.1 Saudi Arabia Connected Healthcare Market – Industry Snapshot & key buying criteria, 2022-2030
2.2 Market Size, Growth Prospects, and Key findings
3. Market Dynamics of Saudi Arabia Connected Healthcare Market
3.1 Market Growth Drivers Analysis
3.2 Market Restrains Analysis
4. Saudi Arabia Connected Healthcare Market Segmentation
4.1 By Type
4.1.1 mHealth services
4.1.2 mHealth Devices
4.1.3 E- Prescription
4.2 By Function Type
4.2.1 Remote patient monitoring
4.2.2 Clinical monitoring
4.2.4 Others (Assisted Living)
4.3 By Application Type
4.3.1 Diagnosis and Treatment
4.3.2 Monitoring Application
4.3.3 Wellness and Prevention
4.3.4 Healthcare management
4.4 By End-user
4.4.1 Hospitals and Clinics
4.4.2 Home monitoring
5. Saudi Arabia Connected Healthcare Market Share
5.1 Market Analysis, Insights, and Forecast – By Revenue
6. Competitive Landscape
6.1 Major Top Market Players
7. Key Company Profiles
7.1 Company 1
7.1.2 Financial Performance
7.1.3 Product & Services
7.1.4 Strategic initiatives
7.2 Company 2
7.2.2 Financial Performance
7.2.3 Product & Services
7.2.4 Strategic initiatives
7.3 Company 3
7.3.2 Financial Performance
7.3.3 Product & Services
7.3.4 Strategic initiatives
7.4 Company 4
7.4.2 Financial Performance
7.4.3 Product & Services
7.4.4 Strategic initiatives
7.5 Company 5
7.5.2 Financial Performance
7.5.3 Product & Services
7.5.4 Strategic initiatives
8. Healthcare Policies and Regulatory Landscape
8.1 Healthcare Policies in Saudi Arabia
8.2 Regulatory Framework in Saudi Arabia
8.3 Pricing & Reimbursement Scenario in Saudi Arabia Connected Healthcare Market
9. Factors Driving Future Growth
9.1 New Trends and Development Saudi Arabia Connected Healthcare Market
9.2 Future Opportunities
10. Strategic Recommendations
By Type (Revenue, USD Billion):
Based on the Type the market is segmented into mHealth services, mHealth Devices, and E- Prescription
By FunctionType (Revenue, USD Billion):
By Application Type (Revenue, USD Billion):
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