Market revenue in 2023 | USD 22.1 million |
Market revenue in 2030 | USD 42.1 million |
Growth rate | 9.6% (CAGR from 2023 to 2030) |
Largest segment | Electronic health records (ehr) |
Fastest growing segment | Electronic Health Records (EHR) |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Electronic Health Records (EHR), Electronic Medication Administration Record (eMAR), Revenue Cycle Management (RCM), Resident Care, Staff Management |
Electronic health records (ehr) was the largest segment with a revenue share of 30.77% in 2023. Horizon Databook has segmented the Saudi Arabia long-term care software market based on electronic health records (ehr), electronic medication administration record (emar), revenue cycle management (rcm), resident care, staff management covering the revenue growth of each sub-segment from 2018 to 2030.
Saudi Arabia’s market for long term care software is in its nascent stage. There are several challenges in the adoption of EMR or EHR in the nation. Key challenges include the lack of skilled professionals, financial barriers, legal & regulatory barriers, and technical barriers.
However, several initiatives are being undertaken by the Ministry of Health to improve the country’s health information systems. For instance, the Ministry of Health collaborated with the Institute for Health Metrics and Evaluation, University of Washington, to implement integrated health systems in Saudi Arabia.
Several efforts are being undertaken to set up technological systems across healthcare settings, including LTC. The government initiatives, especially under Vision 2030, are increasing investments in healthcare modernization and technology integration.
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