Upcoming Healthcare Project in KSA

Propelling Demand for Healthcare Products and Solutions

By Frost and Sullivan

Revolutionizing Healthcare: Saudi Arabia’S Vision for a Future-Ready Ecosystem

The healthcare industry is under going significant global changes, and Saudi Arabia's healthcare sector is keeping pace with this transformation. The country is embracing various shifts, including digital ecosystems, innovations, outcome based care, and operational efficiencies. These changes are driven by the need to diversify the economy away from oil and gas, offering several advantages such as resilience against external shocks, entrepreneurial opportunities, foreign investment attraction, and skills development. Notably, healthcare and social development have become the third-highest priority in thegovernment's budget allocation.

Additionally, privatisation and Saudisation of the sector are underway to reduce dependence on the government and imports. Saudi Arabia is also actively promoting medical tourism, necessitating advanced healthcare infrastructure. However, the challenges posed by an aging population and the burden of non-communicable diseases strain healthcare budgets and resources. Nonetheless, Saudi Arabia remains committed to delivering exceptional healthcare, positioning itself at the forefront of the global healthcare revolution.

To make this vision a reality, the government has introduced Vision 2030, which focuses on creatinga vibrant society, a thriving economy, and an ambitious nation. The plan specifically targets enhancing healthcare services and infrastructure toensure the well-being of Saudi citizens and improve healthcare accessibility, quality, and sustainability. To achieve this, the country has already changed its modelof care with six systems of care focusing on keeping well, planned procedures, women and children, urgent problems, chronic conditions, and the last phase of life.

Pioneering a bold approach unlike any other, Saudi Arabia is constructing a future-ready healthcare ecosystem that places innovation at its core. By embracing technology and adopting cutting-edge solutions such as telemedicine, the Kingdom of Saudi Arabia (KSA) is setting a remarkable precedent. One such ground breaking endeavor is the visionary Neom ecosystem, a futuristic gigacity that exemplifies KSA's commitment to advanced healthcare solutions. In Neom, the boundaries of possibility are redefined, propelling the nation's healthcare landscape into a new era of excellence.

The Shift in Saudi Arabia’s Healthcare Landscape: Fueling the Rise in Product Demand

Amongst the many growth opportunities, Frost & Sullivan has identified 4 key growth opportunities shaping the transformation:

Digital transformation accelerated in pandemic

Anticipated Product Surge: Meeting the Growing Demand in Saudi Arabia’s Healthcare Sector

 

The growth opportunities and shift in the healthcarelandscape in KSA has created new tangents of opportunitiesfor various product and service providers, technologiesenabling these growth opportunities, stakeholders, andimpact factors, and includes roadmaps of these emerginggrowth opportunities and technologies.

Global Health Exhibition 2023

Join us at Global Health Exhibition from 29-31 October 2023 at Riyadh Front Exhibition & Conference Center to get a closer look at how your company can benefit from this lucrative market by meeting high profile audience including dealers & distributors, key healthcare providers, senior government policy makers, investors and end users as we connect Saudi healthcare community with that of global healthcare community.

Hosting more than 30,000 healthcare & laboratory professionals from over 60 countries, the 6th edition of Global Health Exhibition will feature a dedicated Investment Zone to present the investor journey and providing a platform to emphasize and discuss the latest regulations, government initiatives, and emerging developments that are shaping the healthcare sector in Saudi Arabia, additionally, the event will feature a Laboratory Zone where industry leaders will display their products and solutions to the KSA medical laboratory community.

Alongside, this year’s event will bring 8 educational tracks including Leaders in Healthcare Summit, Public Health, Nursing, Future of Clinical Lab, Future of Radiology  and Quality Healthcare among the others.

For inquiries, please contact [email protected]