Saudi Arabia Telehealth Market Size & Outlook, 2023-2030
Saudi Arabia telehealth market, 2018-2030 (US$M)
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Saudi Arabia telehealth market highlights
- The Saudi Arabia telehealth market generated a revenue of USD 890.7 million in 2023 and is expected to reach USD 3,918.2 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 23.6% from 2024 to 2030.
- In terms of segment, services was the largest revenue generating product in 2023.
- Software is the most lucrative product segment registering the fastest growth during the forecast period.
Telehealth market data book summary
| Market revenue in 2023 | USD 890.7 million |
| Market revenue in 2030 | USD 3,918.2 million |
| Growth rate | 23.6% (CAGR from 2023 to 2030) |
| Largest segment | Services |
| Fastest growing segment | Software |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
| Key market players worldwide | Koninklijke Philips NV, GE HealthCare Technologies Inc Common Stock, Oracle Corp, Siemens Healthineers AG ADR, Medtronic PLC, Teladoc Health Inc, American Well Corp Ordinary Shares - Class A, Evernorth, Doctor On Demand, Global Med Technologies |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.9% of the global telehealth market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, UAE telehealth market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 4,835.0 million by 2030.
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Telehealth Market Scope
Telehealth Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia telehealth 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 telehealth market will help companies and investors design strategic landscapes.
Services was the largest segment with a revenue share of 46.75% in 2023. Horizon Databook has segmented the Saudi Arabia telehealth market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
Adoption of digital health in Saudi Arabia is considerably low due to lesser penetration of smartphones, poor network coverage, and patients & doctors sticking to traditional medical ways. However, recently, the Saudi Arabian government, in partnership with companies such as GE Healthcare and other governments, such as the UK government, has come up with an initiative called Saudi Vision 2030 to emphasize on the adoption of eHealth solutions.
GE Health, in collaboration with the MoH, has launched Mawid, a digital platform from GE. This platform can be used for making centralized appointments across various healthcare bodies, ranging from primary care centers to specialty units.
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Our clientele includes a mix of telehealth 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 telehealth market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia telehealth market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia telehealth market size, by product, 2018-2030 (US$M)
Saudi Arabia Telehealth Market Outlook Share, 2023 & 2030 (US$M)
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