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Healthcare IT Market in Saudi Arabia to Grow through 2019

Strategic Insights

— 2 min read

The healthcare IT market in Saudi Arabia is expected to experience significant growth over the next five years, driven by the adoption of technology for operational effectiveness and the emergence of mobile health solutions. According to a report by Market Research Store, the market is expected to grow due to the increasing demand for cloud, mobility, virtualization, telemedicine, and remote patient monitoring technologies. These technologies offer various benefits to healthcare solution providers, including improved operational efficiency and enhanced patient care.

Key Takeaways:

  • The healthcare IT market in Saudi Arabia is expected to grow significantly over the next five years, driven by the adoption of technology for operational effectiveness and the emergence of mobile health solutions.
  • The key drivers of the market include the adoption of cloud, mobility, virtualization, telemedicine, and remote patient monitoring technologies.
  • The report identifies GE Healthcare, Hewlett-Packard Co. (HP), IBM Corp., Intel Corp., InterSystems Corp., Oracle Corp., and Siemens Healthcare as the key players in the healthcare IT market in Saudi Arabia.
  • Other prominent vendors in the market include 3M, Agfa Heathcare, Al Faisaliah Medical Systems, Bytes Healthcare Solutions, Cerner, Cigna Global Health, and Roche Group.
  • The report states that advances in healthcare, coupled with a surge in pharmaceutical prices, have led to an increase in overall healthcare costs, which has deterred providers from investing in expensive IT system implementation.
  • The study was conducted using an objective combination of primary and secondary information, including inputs from key participants in the industry.
  • The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Statistics:

  • The healthcare IT market in Saudi Arabia is expected to grow at a CAGR of 10.2% from 2015 to 2019.
  • The market is expected toreach a value of $X billion by 2019.
  • The major trends in the market include the emergence of mobile health solutions, adoption of technology for operational effectiveness, and growth of cloud, mobility, virtualization, telemedicine, and remote patient monitoring technologies.
  • Saudi Arabia is investing heavily in cloud, mobility, virtualization, telemedicine, and remote patient monitoring technologies.
  • The report identifies the following growth drivers: increasing demand for cloud, mobility, virtualization, telemedicine, and remote patient monitoring technologies and improving operational efficiency and enhancing patient care.
  • The report also identifies the following challenges: increasing healthcare costs, complexity of implementing IT systems, and need for skilled professionals in the IT industry.

Sources:

  • "Healthcare IT Market in Saudi Arabia 2015-2019" by Market Research Store
  • Market Research Store, "Healthcare IT Market in Saudi Arabia 2015-2019" report
  • M2 PressWIRE, "Market Research Store: Healthcare IT Market in Saudi Arabia region between year 2015 to 2019"

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