Saudi Arabia - Healthcare IT Market by Component and End-user - Forecast and Analysis 2023-2027

Published: Jun 2023 Pages: 134 SKU: IRTNTR75824

Saudi Arabia Healthcare IT Market Report 2023-2027:

The Saudi Arabia healthcare IT market size is estimated to grow by USD 1,603.18 million at a CAGR of 9.06% between 2022 and 2027. 

Chronic diseases such as diabetes are common in Saudi Arabia. Chronic diseases are long-term, persistent illnesses that require regular medical attention and management. Increased detection and diagnosis will control the spread of such chronic diseases. This is primarily achieved through modern healthcare IT technologies such as electronic health records (EHRs). EHRs allow healthcare professionals to access and update patient information quickly and easily, which can be particularly important for patients with chronic conditions who require ongoing care. Also, telemedicine can help patients with chronic conditions to access healthcare services from their homes. Moreover, for managing chronic conditions effectively, remote patient monitoring is particularly helpful. This technology allows healthcare professionals to monitor patients' vital signs and other health metrics remotely. Thus, the above-mentioned factors are expected to increase the demand for healthcare IT services, which will boost the growth of  Saudi Arabia healthcare IT market during the forecast period.

Technavio has segmented the market into components and end-user.

  • The components segment includes services, software, and hardware.
  • The end-user segment includes healthcare providers and healthcare payers.

What will be the size of the Saudi Arabia Healthcare IT Market During the Forecast Period?

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Saudi Arabia Healthcare IT Market Segmentation by Components and End-user Analysis 

Components Analysis

Services segment 

The market share growth by the services segment will be significant during the forecast period. The Saudi Arabia healthcare IT market has been growing rapidly as the government recognizes the importance of technology in ensuring efficient and effective healthcare delivery. There are several services that are currently being offered in the market, including electronic health records, telemedicine, health information exchange (HIE), and patient engagement solutions.

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The services segment was valued at USD 1,702.69 million in 2017. This growth can be attributed to the increasing popularity of services like HIE. HIE is a service that facilitates the exchange of patient health information between different healthcare providers. This technology is crucial in ensuring that patient data is accessible to the right people at the right time, particularly when patients are receiving care from multiple providers. Health Information Management Systems Society (HIMSS) Analytics has recognized several hospitals in Saudi Arabia for their HIE capabilities, including King Abdullah Medical City in Makkah and King Faisal Specialist Hospital and Research Centre in Riyadh.

End-User Analysis:

Healthcare Providers

In the Saudi Arabia healthcare IT market, healthcare providers are increasingly adopting technology to improve patient care. From electronic health records to telemedicine, healthcare providers implement healthcare IT services and solutions into their practices. For instance, King Fahad Medical City (KFMC), a leading regional hospital, implemented several healthcare IT solutions to improve patient care and outcomes. The Ministry of Health is also utilizing telemedicine to provide remote patient consultations, enabling patients in remote areas to access healthcare services. Also, hospitals and governmental organizations, and small and medium-sized clinics are deploying healthcare IT solutions. One of their notable initiatives is their EHR system, which allows doctors and nurses to access patient records from any location within the hospital. This enables healthcare providers to make timely and informed decisions about patient care. Hence, such factors are expected to boost the growth of the healthcare providers segment in the Saudi Arabia healthcare IT market during the forecast period.

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Key Saudi Arabia Healthcare IT Market Players 

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The report also includes detailed analyses of the competitive landscape of the market and information about 20 market vendors, including:

3M Co.: The company offers healthcare IT solutions such as 3M 360 Encompass Computer Assisted Coding and 3M 360 Encompass Professional System.

  • Abbott Laboratories
  • athenahealth Inc.
  • Bupa Arabia
  • Cognizant Technology Solutions Corp.
  • Dassault Systemes SE
  • Dell Technologies Inc.
  • Epic Systems Corp.
  • General Electric Co.
  • Informa PLC
  • International Business Machines Corp.
  • King Faisal Specialist Hospital and Research Centers General Organization
  • Koninklijke Philips NV
  • Microsoft Corp.
  • Ministry of National Guard Health Affairs
  • Oracle Corp.
  • Siemens AG
  • Tata Sons Pvt. Ltd.
  • Wipro Ltd.

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

Saudi Arabia Healthcare IT Market: Key Drivers, Trends, Challenges, and Customer Landscape

There are multiple factors influencing market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. 

Key Saudi Arabia Healthcare IT Market Drivers

A remarkable increase in the detection of chronic diseases is the key driver shaping the growth of the Saudi Arabia healthcare IT market. The prevalence of diabetes in Saudi Arabia is one of the highest in the world. Another chronic disease that is becoming more common in Saudi Arabia is cardiovascular disease. As the number of chronic diseases continues to increase in Saudi Arabia, there is a growing need for healthcare IT solutions that can effectively manage such conditions. Healthcare IT solutions such as EHRs, telemedicine, and remote patient monitoring can all play important roles in managing chronic diseases.

Moreover, these solutions are helping patients in terms of use and access the healthcare services from the comfort of their homes. Also, these solutions reduce the need for travel and minimize the risk of exposure to infectious diseases. Hence, such factors are expected to raise the demand for healthcare IT services, which is expected to boost the growth of the Saudi Arabia healthcare IT market during the forecast period.

Significant Saudi Arabia Healthcare IT Market Trends

The increase in the adoption of telemedicine and other digital health solutions is the primary trend influencing the growth. Healthcare providers in Saudi Arabia are increasingly adopting telemedicine and other digital healthcare solutions to improve patient care. This trend is driven by several factors, such as limited access to health services in rural areas and the need to address the challenges of the national health systems.

For instance, the Sehaty program, launched by the Saudi Ministry of Health, enables patients to remotely consult with healthcare providers and access their medical records through a mobile application. In addition, the adoption of digital health solutions such as electronic health records and mobile health (mHealth) applications has also been rising in Saudi Arabia. These applications are mainly helpful for patients with chronic conditions who require ongoing care and monitoring. Hence, such factors are expected to boost the market's growth during the forecast period.

Major Saudi Arabia Healthcare IT Market Challenges

The lack of skilled professionals is the major challenge hindering the growth of the Saudi Arabia Healthcare IT market. Healthcare organizations face significant difficulties due to a talent shortage in the market. Owing to the rising adoption of digital healthcare solutions in the country, the demand for skilled healthcare IT professionals continues to grow.

Moreover,  the lack of relevant training and education programs is the primary reason for the talent gap in the market. Another factor driving the talent gap in the Saudi Arabia healthcare IT market is the shortage of female candidates. Furthermore, the broader economy is a significant challenge impeding the growth of Saudi Arabia's healthcare IT market. Therefore, such factors are expected to impede the market's growth during the forecast period.

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Key Saudi Arabia Healthcare IT Market Customer Landscape

The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Saudi Arabia Healthcare IT Market Customer Landscape

Segment Overview

The Saudi Arabia healthcare IT market report forecasts market growth by revenue and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Component Outlook (USD Million, 2017 - 2027)
    • Services
    • Software
    • Hardware
  • End-user Outlook (USD Million, 2017 - 2027)
    • Healthcare providers
    • Healthcare payers

Saudi Arabia Healthcare IT Market Scope

Report Coverage

Details

Page number

134

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 9.06%

Market growth 2023-2027

USD 1,603.18 million

Market structure

Fragmented

YoY growth 2022-2023(%)

9.0

Competitive landscape

 Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

3M Co., Abbott Laboratories, athenahealth Inc., Bupa Arabia, Cognizant Technology Solutions Corp., Dassault Systemes SE, Dell Technologies Inc., Epic Systems Corp., General Electric Co., Informa PLC, International Business Machines Corp., King Faisal Specialist Hospital and Research Centers General Organization, Koninklijke Philips NV, Microsoft Corp., Ministry of National Guard Health Affairs, Oracle Corp., Siemens AG, Tata Sons Pvt. Ltd., and Wipro Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Saudi Arabia Healthcare IT Market in Country Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the Saudi Arabia healthcare IT market. between 2023 and 2027
  • Precise estimation of the Saudi Arabia healthcare IT market size and its contribution to the market in focus on the parent market
  • Detailed analysis of customer landscape covering Diver of price sensitivity, Adoption of the lifecycle, and key purchase criteria 
  • Vendor landscape comparing criticality of inputs and factors of differentiation
  • Exclusive Matrix on vendor position and classification
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market  across Saudi Arabia
  • Thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of the market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Country Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market Segmentation by Component
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 07: Parent market
    • Exhibit 08: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 09: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 10: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 11: Chart on Saudi Arabia - Market size and forecast 2022-2027 ($ million)
      • Exhibit 12: Data Table on Saudi Arabia - Market size and forecast 2022-2027 ($ million)
      • Exhibit 13: Chart on Saudi Arabia: Year-over-year growth 2022-2027 (%)
      • Exhibit 14: Data Table on Saudi Arabia: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Healthcare IT market in Saudi Arabia 2017 - 2021
      • Exhibit 15: Historic Market Size – Data Table on healthcare it market in saudi Arabia 2017 - 2021 ($ million)
    • 4.2 Component Segment Analysis 2017 - 2021
      • Exhibit 16: Historic Market Size – Component Segment 2017 - 2021 ($ million)
    • 4.3 End-user Segment Analysis 2017 - 2021
      • Exhibit 17: Historic Market Size – End-user Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 18: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 21: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 22: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 23: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 24: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Component

    • 6.1 Market segments
      • Exhibit 25: Chart on Component - Market share 2022-2027 (%)
      • Exhibit 26: Data Table on Component - Market share 2022-2027 (%)
    • 6.2 Comparison by Component
      • Exhibit 27: Chart on Comparison by Component
      • Exhibit 28: Data Table on Comparison by Component
    • 6.3 Services - Market size and forecast 2022-2027
      • Exhibit 29: Chart on Services - Market size and forecast 2022-2027 ($ million)
      • Exhibit 30: Data Table on Services - Market size and forecast 2022-2027 ($ million)
      • Exhibit 31: Chart on Services - Year-over-year growth 2022-2027 (%)
      • Exhibit 32: Data Table on Services - Year-over-year growth 2022-2027 (%)
    • 6.4 Software - Market size and forecast 2022-2027
      • Exhibit 33: Chart on Software - Market size and forecast 2022-2027 ($ million)
      • Exhibit 34: Data Table on Software - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Chart on Software - Year-over-year growth 2022-2027 (%)
      • Exhibit 36: Data Table on Software - Year-over-year growth 2022-2027 (%)
    • 6.5 Hardware - Market size and forecast 2022-2027
      • Exhibit 37: Chart on Hardware - Market size and forecast 2022-2027 ($ million)
      • Exhibit 38: Data Table on Hardware - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Chart on Hardware - Year-over-year growth 2022-2027 (%)
      • Exhibit 40: Data Table on Hardware - Year-over-year growth 2022-2027 (%)
    • 6.6 Market opportunity by Component
      • Exhibit 41: Market opportunity by Component ($ million)
      • Exhibit 42: Data Table on Market opportunity by Component ($ million)

    7 Market Segmentation by End-user

    • 7.1 Market segments
      • Exhibit 43: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 44: Data Table on End-user - Market share 2022-2027 (%)
    • 7.2 Comparison by End-user
      • Exhibit 45: Chart on Comparison by End-user
      • Exhibit 46: Data Table on Comparison by End-user
    • 7.3 Healthcare providers - Market size and forecast 2022-2027
      • Exhibit 47: Chart on Healthcare providers - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Data Table on Healthcare providers - Market size and forecast 2022-2027 ($ million)
      • Exhibit 49: Chart on Healthcare providers - Year-over-year growth 2022-2027 (%)
      • Exhibit 50: Data Table on Healthcare providers - Year-over-year growth 2022-2027 (%)
    • 7.4 Healthcare payers - Market size and forecast 2022-2027
      • Exhibit 51: Chart on Healthcare payers - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Data Table on Healthcare payers - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Chart on Healthcare payers - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on Healthcare payers - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by End-user
      • Exhibit 55: Market opportunity by End-user ($ million)
      • Exhibit 56: Data Table on Market opportunity by End-user ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 57: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Drivers, Challenges, and Trends

    • 9.1 Market drivers
      • 9.2 Market challenges
        • 9.3 Impact of drivers and challenges
          • Exhibit 58: Impact of drivers and challenges in 2022 and 2027
        • 9.4 Market trends

          10 Vendor Landscape

          • 10.1 Overview
            • 10.2 Vendor landscape
              • Exhibit 59: Overview on Criticality of inputs and Factors of differentiation
            • 10.3 Landscape disruption
              • Exhibit 60: Overview on factors of disruption
            • 10.4 Industry risks
              • Exhibit 61: Impact of key risks on business

            11 Vendor Analysis

            • 11.1 Vendors covered
              • Exhibit 62: Vendors covered
            • 11.2 Market positioning of vendors
              • Exhibit 63: Matrix on vendor position and classification
            • 11.3 3M Co.
              • Exhibit 64: 3M Co. - Overview
              • Exhibit 65: 3M Co. - Business segments
              • Exhibit 66: 3M Co. - Key news
              • Exhibit 67: 3M Co. - Key offerings
              • Exhibit 68: 3M Co. - Segment focus
            • 11.4 Abbott Laboratories
              • Exhibit 69: Abbott Laboratories - Overview
              • Exhibit 70: Abbott Laboratories - Business segments
              • Exhibit 71: Abbott Laboratories - Key news
              • Exhibit 72: Abbott Laboratories - Key offerings
              • Exhibit 73: Abbott Laboratories - Segment focus
            • 11.5 Bupa Arabia
              • Exhibit 74: Bupa Arabia - Overview
              • Exhibit 75: Bupa Arabia - Product / Service
              • Exhibit 76: Bupa Arabia - Key offerings
            • 11.6 Cognizant Technology Solutions Corp.
              • Exhibit 77: Cognizant Technology Solutions Corp. - Overview
              • Exhibit 78: Cognizant Technology Solutions Corp. - Business segments
              • Exhibit 79: Cognizant Technology Solutions Corp. - Key news
              • Exhibit 80: Cognizant Technology Solutions Corp. - Key offerings
              • Exhibit 81: Cognizant Technology Solutions Corp. - Segment focus
            • 11.7 Dassault Systemes SE
              • Exhibit 82: Dassault Systemes SE - Overview
              • Exhibit 83: Dassault Systemes SE - Product / Service
              • Exhibit 84: Dassault Systemes SE - Key news
              • Exhibit 85: Dassault Systemes SE - Key offerings
            • 11.8 Dell Technologies Inc.
              • Exhibit 86: Dell Technologies Inc. - Overview
              • Exhibit 87: Dell Technologies Inc. - Business segments
              • Exhibit 88: Dell Technologies Inc. - Key news
              • Exhibit 89: Dell Technologies Inc. - Key offerings
              • Exhibit 90: Dell Technologies Inc. - Segment focus
            • 11.9 Epic Systems Corp.
              • Exhibit 91: Epic Systems Corp. - Overview
              • Exhibit 92: Epic Systems Corp. - Product / Service
              • Exhibit 93: Epic Systems Corp. - Key offerings
            • 11.10 General Electric Co.
              • Exhibit 94: General Electric Co. - Overview
              • Exhibit 95: General Electric Co. - Business segments
              • Exhibit 96: General Electric Co. - Key news
              • Exhibit 97: General Electric Co. - Key offerings
              • Exhibit 98: General Electric Co. - Segment focus
            • 11.11 International Business Machines Corp.
              • Exhibit 99: International Business Machines Corp. - Overview
              • Exhibit 100: International Business Machines Corp. - Business segments
              • Exhibit 101: International Business Machines Corp. - Key news
              • Exhibit 102: International Business Machines Corp. - Key offerings
              • Exhibit 103: International Business Machines Corp. - Segment focus
            • 11.12 King Faisal Specialist Hospital and Research Centers General Organization
              • Exhibit 104: King Faisal Specialist Hospital and Research Centers General Organization - Overview
              • Exhibit 105: King Faisal Specialist Hospital and Research Centers General Organization - Product / Service
              • Exhibit 106: King Faisal Specialist Hospital and Research Centers General Organization - Key offerings
            • 11.13 Koninklijke Philips NV
              • Exhibit 107: Koninklijke Philips NV - Overview
              • Exhibit 108: Koninklijke Philips NV - Business segments
              • Exhibit 109: Koninklijke Philips NV - Key news
              • Exhibit 110: Koninklijke Philips NV - Key offerings
              • Exhibit 111: Koninklijke Philips NV - Segment focus
            • 11.14 Microsoft Corp.
              • Exhibit 112: Microsoft Corp. - Overview
              • Exhibit 113: Microsoft Corp. - Business segments
              • Exhibit 114: Microsoft Corp. - Key news
              • Exhibit 115: Microsoft Corp. - Key offerings
              • Exhibit 116: Microsoft Corp. - Segment focus
            • 11.15 Ministry of National Guard Health Affairs
              • Exhibit 117: Ministry of National Guard Health Affairs - Overview
              • Exhibit 118: Ministry of National Guard Health Affairs - Product / Service
              • Exhibit 119: Ministry of National Guard Health Affairs - Key offerings
            • 11.16 Oracle Corp.
              • Exhibit 120: Oracle Corp. - Overview
              • Exhibit 121: Oracle Corp. - Business segments
              • Exhibit 122: Oracle Corp. - Key news
              • Exhibit 123: Oracle Corp. - Key offerings
              • Exhibit 124: Oracle Corp. - Segment focus
            • 11.17 Siemens AG
              • Exhibit 125: Siemens AG - Overview
              • Exhibit 126: Siemens AG - Business segments
              • Exhibit 127: Siemens AG - Key news
              • Exhibit 128: Siemens AG - Key offerings
              • Exhibit 129: Siemens AG - Segment focus

            12 Appendix

            • 12.1 Scope of the report
              • 12.2 Inclusions and exclusions checklist
                • Exhibit 130: Inclusions checklist
                • Exhibit 131: Exclusions checklist
              • 12.3 Currency conversion rates for US$
                • Exhibit 132: Currency conversion rates for US$
              • 12.4 Research methodology
                • Exhibit 133: Research methodology
                • Exhibit 134: Validation techniques employed for market sizing
                • Exhibit 135: Information sources
              • 12.5 List of abbreviations
                • Exhibit 136: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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