Applying structured knowledge and abilities in digital devices, medications, treatments, vaccinations, and healthcare systems to address health issues and enhance quality of life is known as health technology, or healthtech. Healthtech has created personal technology to digitally revolutionize healthcare facilities and change the dynamics of medical decision-making completely. A variety of health monitoring technologies, such as telemedicine, at-home diagnostics, and even pop-up retail locations, are used to carry out treatments. The particular advantages of treating patients remotely are starting to be recognized by healthtech developers.
According to SPER Market Research, ‘Saudi Arabia HealthTech Market Size- By Product, By Order Split, By Order Platform, By Mode of Consultation, By Payment Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ states that the Saudi Arabia HealthTech Market is estimated to reach USD XX billion by 2033 with a CAGR XX%.
The primary factor influencing the growth of the Saudi Arabian healthcare IT industry is the notable rise in the diagnosis of chronic diseases. One of the highest rates of diabetes prevalence worldwide is found in Saudi Arabia. Cardiovascular disease is another chronic illness that is rising in prevalence in Saudi Arabia. The need for healthcare IT systems that can efficiently manage chronic disorders is rising as the incidence of chronic diseases in Saudi Arabia rises. EHRs, telemedicine, and remote patient monitoring are a few examples of healthcare IT systems that might be crucial to the management of chronic illnesses.
Additionally, by enabling patients to use and access healthcare services from the comfort of their homes, these solutions aid patients.
The main obstacle impeding the expansion of the Saudi Arabian healthcare IT business is a shortage of qualified personnel. The lack of qualified candidates present in the market presents serious challenges for healthcare companies. The need for qualified healthcare IT specialists is still increasing due to the nation’s growing use of digital healthcare solutions. Furthermore, the main cause of the skill gap in the industry is the absence of pertinent training and educational opportunities. The dearth of female candidates is another element contributing to the skill gap in the Saudi Arabian healthcare IT sector. Furthermore, a major obstacle to the expansion of Saudi Arabia’s healthcare IT business is the country’s overall economy. Thus, during the projected period, these issues are anticipated to hinder the market’s expansion.
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The worldwide health crisis COVID-19 pandemic has compelled Saudi Arabia’s healthcare sector to change the way it operates at a rate that was unimaginable only a few years ago, coronavirus added a huge economic stress on health care systems worldwide. A more integrated and coordinated approach to care is required in light of the unexpected and quick rise in the number of patients,also the included costs directly related to medical services increased. The Saudi government has started developing a single, cohesive strategy for e-health delivery throughout the Kingdom in response to this demand. Patients will be able to obtain simplified, effective, and superior care no matter where they live. The digitization of healthcare is at the center of this change.
The greatest number of hospitals in the Kingdom was in the Riyadh region of Saudi Arabia, where almost half are run by private companies. With Eastern area having the second-highest number of hospitals. On the other hand Qurayyat has the fewest hospitals in
Some of the major market players are Al-Dawaa Pharmacy, Altibbi, Anova Health, Balsam United, Boots Pharmacy, Cerner, Cloud Pital, Cura, Ghaya Pharmacies Ltd., Insta-Practo, Nahdi, Sanar, Selat, Vezeeta, others.
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Saudi Arabia HealthTech Market Outlook
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