Saudi Arabia’s digital health market to be valued at $6.8b by 2030

Key drivers include cost-reduction strategies and government efforts for improved health infrastructure.

Saudi Arabia’s digital health market is projected to reach $6.8b by 2030 at a compound annual growth rate (CAGR) of 19.3%, said Research and Markets.

The sector’s growth is influenced by the increasing integration of digital technologies into the country’s healthcare system, driven by government initiatives to boost infrastructure and patient care.

“The Saudi government has implemented various initiatives to enhance medication in recent years involving increasing medical spending and encouraging private sector participation in the medical care system,” the report said.

Moreover, strategies aimed at reducing healthcare costs are attributed to the market’s expansion.

These strategies include increasing access to care via telemedicine technologies, implementing preventative medicine programmes, and promoting healthy lifestyles through public awareness campaigns.

Advancements such as wearable devices and mobile health applications are also contributing to more effective medication management and cost reductions for patients.

Meanwhile, the introduction of virtual hospitals and e-healthcare services and platforms is expected to contribute to the country’s market growth during the forecast period.

“For instance, in March 2022, Saudi Arabia introduced Seha Virtual Hospital. It is the country's first & largest e-health platform that offers more than 30 specialised services and assistance to 130 hospitals virtually across the country,” the report added.