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.

The growth is expected to be fueled by internal and external dynamics. At present, the KSA citizen population is estimated at about 21 million, 6% of whom are aged 65 and older. It is predicted that the older population will increase and make up 18.4%...

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