Healthcare Industry Insights
Stay informed on the latest data, forecasts, innovations and news affecting the healthcare and medical device community. The news and articles page offers you a selection of tailored information compiled from various news sources and made available to you.
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Latest News
ABHI UK Pavilion at Global Health Exhibition 2023 Showcases the Cutting-Edge of UK HealthTech, Boosting UK-KSA Partnerships
Five leading HealthTech innovators will be among the strong delegation of UK companies joining the Association of British HealthTech Industries (ABHI) at Global Health Exhibition in Saudi Arabia.
Life Science, Assolombarda, and SDA Bocconi together at the Global Health Exhibition with Companies from the Sector
Assolombarda, headed by the Deputy Chairman, delegated for Life Sciences, Sergio Dompé, has set up a significant network of ties around the world in recent years, with a view to launching international-type partnerships on matters of health and innovation in the Health Sector.
Healthcare Innovation Consortium (HIC) launch programme targeting antimicrobial resistance at Global Health Exhibition 2023
Healthcare Innovation Consortium (HIC) – a leading UK-based digital health and social care agency – is launching a new programme aimed at combatting antimicrobial resistance (AMR) at Global Health 2023.
Genomics and its rapid evolution in the Middle East
As genetic testing becomes increasingly preemptive and predictive, healthcare institutions are advocating for genetic screenings to reduce the prevalence of certain diseases, enable early intervention and devise suitable treatment plans. Particularly in young couples, prior testing helps identify risks of genetic conditions the newborn could possibly inherit.
ChatGPT to usher in a new era of patient care
In the ever-evolving landscape of technology, a new digital revolution is taking place. Propelled by the advent of Artificial Intelligence (AI) and machine learning, ChatGPT has captured the attention of industries worldwide, including healthcare where it shows a potential impact on patient communication.
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Investment opportunities in Medtech sector in Saudi Arabia
Amongst the different healthcare sectors, the medtech sector has emerged as an attractive segment and drawn the global attention of innovators and investors. While the global medtech market was estimated to be USD 422 billion in 2021, KSA accounts for 3%-3.5% market share by revenue. However, it represents almost 50% of the Middle Eastern market and is expected to sizably outpace global growth (expected growth of almost 18%) in the next 6-7 years.
Powering change through regulatory reform in Saudi Arabia
With healthcare expenditure in Saudi Arabia forecast to hit UD$ 160 billion by 2030, healthcare spending in the Kingdom has increased in line with the Government’s ambitious Vision 2030 roadmap to diversify its economy by expanding the role of the private sector and creating additional capacity for the growing healthcare market.
Upcoming healthcare project in KSA
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.
Opportunities for Investors, Medtech Companies in KSA
Vision 2030 marked a true cornerstone moment for the Kingdom of Saudi Arabia’s (KSA's) healthcare sector. The region shifted gears from oil dependence to finding diverse economic growth levers, including healthcare, and transitioning from a heavily publicly driven to a more privatized operational model.
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