Saudi Arabia Digital Therapeutics Market Size & Outlook
Saudi Arabia digital therapeutics market, 2018-2030 (US$M)
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Saudi Arabia digital therapeutics market highlights
- The Saudi Arabia digital therapeutics market generated a revenue of USD 23.6 million in 2023 and is expected to reach USD 133.8 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 28.1% from 2024 to 2030.
- In terms of segment, diabetes was the largest revenue generating application in 2023.
- Diabetes is the most lucrative application segment registering the fastest growth during the forecast period.
Digital therapeutics market data book summary
| Market revenue in 2023 | USD 23.6 million |
| Market revenue in 2030 | USD 133.8 million |
| Growth rate | 28.1% (CAGR from 2023 to 2030) |
| Largest segment | Diabetes |
| Fastest growing segment | Diabetes |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Diabetes, Obesity, CVD, Respiratory Diseases, Smoking Cessation, CNS Diseases |
| Key market players worldwide | Omega Healthcare Investors Inc, Teladoc Health Inc, ResMed Inc, Fitbit, Mango Health, Akili Inc Ordinary Shares, Hygeia Healthcare Holdings Co Ltd Ordinary Shares, DarioHealth Corp, BioGaia AB Class B |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.4% of the global digital therapeutics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa digital therapeutics market is projected to lead the regional market in terms of revenue in 2030.
- Israel is the fastest growing regional market in Middle East & Africa and is projected to reach USD 24.2 million by 2030.
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Digital Therapeutics Market Scope
Digital Therapeutics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia digital therapeutics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to digital therapeutics market will help companies and investors design strategic landscapes.
Diabetes was the largest segment with a revenue share of 28.39% in 2023. Horizon Databook has segmented the Saudi Arabia digital therapeutics market based on diabetes, obesity, cvd, respiratory diseases, smoking cessation, cns diseases covering the revenue growth of each sub-segment from 2018 to 2030.
Growing investments in healthcare is anticipated to drive the demand for digital therapeutics. Saudi Arabia is experiencing rapid reforms that can help realize the country’s economic potential under Saudi Vision 2030.
In November 2019, Nala, the country’s leading digital healthcare service, introduced its artificial intelligence platform that can allow prompt medical diagnosis in Arabic. The platform will offer users precise medical diagnoses within seconds. The firm raised USD 1 million in its first financing round.
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Our clientele includes a mix of digital therapeutics market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia digital therapeutics market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia digital therapeutics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia digital therapeutics market size, by application, 2018-2030 (US$M)
Saudi Arabia Digital Therapeutics Market Outlook Share, 2023 & 2030 (US$M)
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