Saudi Arabia's 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 2022-30. The main factors driving the growth would be government support, technological advancements, increasing investment in the sector, and 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.
Saudi Arabia's 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 2022-30. 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. Executive Summary
1.1 Service Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Healthcare Services Market in Country
1.6 Recent Developments in the Country
2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)
3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints
4. Competitive Landscape
4.1 Major Market Share
4.2 Key Company Profile (Check all Companies in the Summary Section)
126.96.36.199 Product Applications and Services
188.8.131.52 Recent Developments
184.108.40.206 Partnerships Ecosystem
220.127.116.11 Financials (Based on Availability)
5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Services
5.3 Reimbursement Process for Treatment
6. Methodology and Scope
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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