Overview
Overview
Medical Technology (MedTech) is an overarching term defining the technologies used for the diagnosis, treatment, and/or improving an individual’s health or well-being. The Saudi government has emphasized utilizing medical technologies in the healthcare sector including but not limited to Tele-Consultations, National Health Command Center and Software as Medical Device (SaMD) to serve patients more effectively and efficiently. The localization of medical technologies offers massive potential to improve the quality of patient care, reduce costs, and increase patient-centeredness in healthcare.
$5.4 - BN
medical technology market size in 2021
100 - %
of the population will be covered by the unified digital medical records system by 2025
49 - %
of MEA market share in medical technology
Value Proposition
Rising prevalence of chronic and infectious diseases driving demand
Untapped potential for localization
The region’s emerging medical technology hub
A well-established regulator ensuring ease of doing business
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